Report Update Nov 1, 2024

Sri Lanka - Machine Tools for Working Metal - Market Analysis, Forecast, Size, Trends and Insights

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Sri Lanka: Market for Machine Tools For Working Metal 2024

Market Size for Machine Tools For Working Metal in Sri Lanka

In 2021, the Sri Lankan machine-tool for working metal market increased by 39% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption saw a buoyant increase. As a result, consumption attained the peak level of $X. From 2016 to 2021, the growth of the market remained at a lower figure.

Exports of Machine Tools For Working Metal

Exports from Sri Lanka

In 2021, shipments abroad of machine tools for working metal was finally on the rise to reach X units after three years of decline. Over the period under review, exports enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2017 with an increase of 1,117% against the previous year. As a result, the exports attained the peak of X units. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, machine-tool for working metal exports soared to $X in 2021. In general, exports recorded a relatively flat trend pattern. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China (X units), Thailand (X units) and the Philippines (X units) were the main destinations of machine-tool for working metal exports from Sri Lanka, together accounting for 42% of total exports. Malaysia, India, Ghana, Austria, France, South Korea, Ethiopia, Indonesia, Bangladesh and Cambodia lagged somewhat behind, together comprising a further 26%.

From 2012 to 2021, the biggest increases were recorded for Ghana (with a CAGR of +41.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Ghana ($X) and the Philippines ($X) constituted the largest markets for machine-tool for working metal exported from Sri Lanka worldwide, together comprising 46% of total exports.

In terms of the main countries of destination, China, with a CAGR of +76.4%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average machine-tool for working metal export price amounted to $X per unit, growing by 16% against the previous year. In general, the export price, however, continues to indicate a deep setback. The pace of growth was the most pronounced in 2018 when the average export price increased by 183% against the previous year. The export price peaked at $X per unit in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Ghana ($X per unit), while the average price for exports to Ethiopia ($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 Austria (+22.1%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Machine Tools For Working Metal

Imports into Sri Lanka

In 2021, supplies from abroad of machine tools for working metal increased by 17% to X units, rising for the second year in a row after two years of decline. In general, imports continue to indicate strong growth. The pace of growth appeared the most rapid in 2015 with an increase of 223%. Imports peaked at X units in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, machine-tool for working metal imports surged to $X in 2021. Over the period under review, imports showed a prominent expansion. The growth pace was the most rapid in 2015 with an increase of 367% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest machine-tool for working metal supplier to Sri Lanka, accounting for a 75% share of total imports. Moreover, machine-tool for working metal imports from China exceeded the figures recorded by the second-largest supplier, India (X units), fivefold.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +14.6%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+15.8% per year) and Japan (+16.7% per year).

In value terms, China ($X) constituted the largest supplier of machine tools for working metal to Sri Lanka, comprising 40% of total imports. The second position in the ranking was held by India ($X), with an 11% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China amounted to +13.1%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+12.8% per year) and Japan (+7.5% per year).

Import Prices by Country

In 2021, the average machine-tool for working metal import price amounted to $X per unit, jumping by 45% against the previous year. Over the period under review, the import price, however, recorded a slight reduction. The import price peaked at $X per unit in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, the country with the highest price was India ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (-1.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for machine tools for working metal in the world?

The countries with the highest volumes of machine-tool for working metal consumption in 2020 were India, China and South Korea, with a combined 52% share of global consumption.

What are the largest producers of machine tools for working metal in the world?

The countries with the highest volumes of machine-tool for working metal production in 2020 were China, India and South Korea, with a combined 61% share of global production. Japan, Germany, the United States, the Netherlands, Pakistan, Russia and Turkey lagged somewhat behind, together comprising a further 24%.

What are the leading suppliers of machine tools for working metal to Sri Lanka?

In value terms, the largest machine-tool for working metal suppliers to Sri Lanka were China, Japan and India, together accounting for 74% of total imports.

What are the leading importers of machine tools for working metal from Sri Lanka?

In value terms, Turkey emerged as the key foreign market for machine-tool for working metal exports from Sri Lanka, comprising 81% of total exports. The second position in the ranking was occupied by Pakistan, with a 16% share of total exports. It was followed by Maldives, with a 1.9% share.

What is the average export price for machine tools for working metal in Sri Lanka?

In 2020, the average machine-tool for working metal export price amounted to $5,174 per unit, with an increase of 63% against the previous year.

What is the average import price for machine tools for working metal in Sri Lanka?

In 2020, the average machine-tool for working metal import price amounted to $3,444 per unit, increasing by 5.8% against the previous year.

This report provides an in-depth analysis of the market for machine-tool for working metal in Sri Lanka. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 28413120 - Numerically controlled bending, folding, straightening or flattening machines for working flat metal products (including presses)
Prodcom 28413140 - Numerically controlled bending, folding, straightening or flattening machines for working metal (including presses) (excluding those for working flat metal products)
Prodcom 28413160 - Non-numerically controlled bending, folding, straightening or flattening machines for working flat metal products (including presses)
Prodcom 28413180 - Non-numerically controlled bending, folding, straightening or flattening machines for working metal (including presses) (excluding those for working flat metal products)
Prodcom 28413220 - Numerically controlled shearing machines for working metal (including presses) (excluding combined punching and shearing machines)
Prodcom 28413240 - Numerically controlled punching or notching machines for working metal (including presses, combined punching and shearing machines)
Prodcom 28413260 - Non-numerically controlled shearing machines for working metal (including presses) (excluding combined punching and shearing machines)
Prodcom 28413280 - Non-numerically controlled punching or notching machines for working metal (including presses, combined punching and shearing machines)
Prodcom 28413310 - Numerically controlled forging or die-stamping machines and hammers for working metal (including presses)
Prodcom 28413320 - Non-numerically controlled forging or die-stamping machines and hammers for working metal (including presses)
Prodcom 28413330 -
Prodcom 28413340 -
Prodcom 28413370 -
Prodcom 28413380 -

Country coverage:

Sri Lanka

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Sri Lanka
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023