Sri Lanka: Liquid Supply Meter Market 2025

Liquid Supply Meter Market Size in Sri Lanka

The Sri Lankan liquid supply meter market surged to $X in 2021, increasing by 25% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +2.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market failed to regain momentum.

Liquid Supply Meter Exports

Exports from Sri Lanka

In 2021, approx. X units of liquid supply or production meters were exported from Sri Lanka; dropping by -62.2% on the year before. Overall, exports, however, posted a buoyant expansion. The pace of growth appeared the most rapid in 2014 with an increase of 1,650%. Over the period under review, the exports reached the peak figure at X units in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, liquid supply meter exports soared to $X in 2021. In general, exports, however, enjoyed a resilient increase. The most prominent rate of growth was recorded in 2014 when exports increased by 477%. Over the period under review, the exports reached the peak figure at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

Maldives (X units) was the main destination for liquid supply meter exports from Sri Lanka, with a 86% share of total exports. Moreover, liquid supply meter exports to Maldives exceeded the volume sent to the second major destination, Seychelles (X units), more than tenfold. Oman (X units) ranked third in terms of total exports with a 2% share.

From 2012 to 2021, the average annual growth rate of volume to Maldives amounted to +55.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Seychelles (+14.7% per year) and Oman (-86.8% per year).

In value terms, Italy ($X) emerged as the key foreign market for liquid supply or production meters exports from Sri Lanka, comprising 83% of total exports. The second position in the ranking was taken by Maldives ($X), with a 12% share of total exports. It was followed by Seychelles, with a 1.4% share.

From 2012 to 2021, the average annual growth rate of value to Italy was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Maldives (+54.4% per year) and Seychelles (+66.1% per year).

Export Prices by Country

The average liquid supply meter export price stood at $X per unit in 2021, increasing by 319% against the previous year. Over the period under review, the export price, however, recorded a abrupt contraction. The growth pace was the most rapid in 2019 when the average export price increased by 491%. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Italy ($X per unit), while the average price for exports to Maldives ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Ethiopia (+33.3%), while the prices for the other major destinations experienced mixed trend patterns.

Liquid Supply Meter Imports

Imports into Sri Lanka

Liquid supply meter imports into Sri Lanka surged to X units in 2021, growing by 18% compared with 2020. In general, total imports indicated a mild increase from 2012 to 2021: its volume increased at an average annual rate of +1.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by +0.1% against 2017 indices. The most prominent rate of growth was recorded in 2017 with an increase of 35%. Over the period under review, imports attained the maximum at X units in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, liquid supply meter imports soared to $X in 2021. The total import value increased at an average annual rate of +3.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2014 when imports increased by 42%. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, China (X units) was the main liquid supply meter supplier to Sri Lanka, accounting for a 92% share of total imports. Moreover, liquid supply meter imports from China exceeded the figures recorded by the second-largest supplier, Malaysia (X units), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +1.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+17.8% per year) and Turkey (-5.5% per year).

In value terms, China ($X) constituted the largest supplier of liquid supply or production meters to Sri Lanka, comprising 90% of total imports. The second position in the ranking was held by Malaysia ($X), with a 4% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China totaled +2.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+8.9% per year) and Turkey (-3.1% per year).

Import Prices by Country

In 2021, the average liquid supply meter import price amounted to $X per unit, picking up by 9% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.4%. The growth pace was the most rapid in 2015 an increase of 43% against the previous year. The import price peaked at $X per unit in 2016; however, from 2017 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Turkey ($X per unit), while the price for Malaysia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+2.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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