Sri Lanka: Solid-Liquid Separator Market 2024

Solid-Liquid Separator Exports

Exports from Sri Lanka

In 2022, approx. X units of machinery for solid-liquid separation were exported from Sri Lanka; dropping by -37.9% against the previous year. Overall, exports, however, showed significant growth. The pace of growth was the most pronounced in 2017 when exports increased by 408% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, solid-liquid separator exports fell markedly to $X in 2022. Over the period under review, exports, however, posted a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 342%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

India (X units) was the main destination for solid-liquid separator exports from Sri Lanka, accounting for a 52% share of total exports. Moreover, solid-liquid separator exports to India exceeded the volume sent to the second major destination, the United Arab Emirates (X units), twofold. Maldives (X units) ranked third in terms of total exports with an 11% share.

From 2012 to 2022, the average annual growth rate of volume to India stood at +25.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (-75.9% per year) and Maldives (+27.5% per year).

In value terms, India ($X) emerged as the key foreign market for machinery for solid-liquid separation exports from Sri Lanka, comprising 52% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 23% share of total exports. It was followed by Maldives, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value to India totaled +30.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (-65.4% per year) and Maldives (+32.6% per year).

Export Prices by Country

In 2022, the average solid-liquid separator export price amounted to $X per unit, rising by 24% against the previous year. Overall, export price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, solid-liquid separator export price increased by +137.8% against 2019 indices. The pace of growth appeared the most rapid in 2020 an increase of 103%. The export price peaked in 2022 and is likely to see gradual growth in the near future.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to India ($X per unit) and the United States ($X per unit), while the average price for exports to the United Arab Emirates ($X per unit) and Singapore ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Tanzania (+167.1%), while the prices for the other major destinations experienced more modest paces of growth.

Solid-Liquid Separator Imports

Imports into Sri Lanka

In 2022, supplies from abroad of machinery for solid-liquid separation decreased by -48.5% to X units, falling for the fourth consecutive year after two years of growth. Over the period under review, imports, however, continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2018 with an increase of 696% against the previous year. As a result, imports attained the peak of X units. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, solid-liquid separator imports dropped significantly to $X in 2022. Overall, imports, however, recorded a perceptible expansion. The pace of growth appeared the most rapid in 2015 when imports increased by 212% against the previous year. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

India (X units), Germany (X units) and China (X units) were the main suppliers of solid-liquid separator imports to Sri Lanka, together comprising 49% of total imports. The United States, Singapore, the United Arab Emirates and Japan lagged somewhat behind, together accounting for a further 37%.

From 2012 to 2022, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +63.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest solid-liquid separator suppliers to Sri Lanka were India ($X), Germany ($X) and China ($X), with a combined 49% share of total imports. These countries were followed by the United States, Singapore, the United Arab Emirates and Japan, which together accounted for a further 36%.

The United Arab Emirates, with a CAGR of +70.1%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average solid-liquid separator import price stood at $X per unit in 2022, reducing by -37.5% against the previous year. Over the period under review, the import price saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2019 an increase of 146%. Over the period under review, average import prices attained the peak figure at $X per unit in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from India ($X per unit) and Japan ($X per unit), while the price for the United Arab Emirates ($X per unit) and Singapore ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+4.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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