Sri Lanka: Food Sorting Machine Market 2024

Food Sorting Machine Market Size in Sri Lanka

For the fourth year in a row, the Sri Lankan food sorting machine market recorded growth in sales value, which increased by 1.6% to $X in 2021. In general, consumption, however, showed a relatively flat trend pattern. Food sorting machine consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Food Sorting Machine Production in Sri Lanka

In value terms, food sorting machine production contracted modestly to $X in 2021 estimated in export price. Overall, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 27%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Food Sorting Machine Exports

Exports from Sri Lanka

In 2021, shipments abroad of machines for cleaning, sorting or grading eggs and fruit decreased by 0% to X units, falling for the third consecutive year after six years of growth. In general, exports showed a resilient increase. The most prominent rate of growth was recorded in 2018 when exports increased by 300% against the previous year. As a result, the exports reached the peak of X units. From 2019 to 2021, the growth of the exports failed to regain momentum.

In value terms, food sorting machine exports stood at $X in 2021. Over the period under review, exports saw a buoyant increase. The most prominent rate of growth was recorded in 2018 with an increase of 277%. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

India (X units) was the main destination for food sorting machine exports from Sri Lanka, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to India totaled +9.1%.

In value terms, India ($X) also remains the key foreign market for machines for cleaning, sorting or grading eggs and fruit exports from Sri Lanka.

From 2012 to 2021, the average annual rate of growth in terms of value to India stood at +21.7%.

Export Prices by Country

In 2021, the average food sorting machine export price amounted to $X per unit, with an increase of 3.2% against the previous year. Overall, export price indicated a mild increase from 2012 to 2021: its price increased at an average annual rate of +1.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, food sorting machine export price decreased by -19.8% against 2015 indices. The most prominent rate of growth was recorded in 2015 when the average export price increased by 45%. As a result, the export price attained the peak level of $X per unit. From 2016 to 2021, the average export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2021, the rate of growth in terms of prices for India amounted to +2.3% per year.

Food Sorting Machine Imports

Imports into Sri Lanka

Food sorting machine imports into Sri Lanka skyrocketed to X units in 2021, increasing by 200% against the previous year. Overall, imports saw strong growth. The pace of growth was the most pronounced in 2015 with an increase of 300% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, food sorting machine imports surged to $X in 2021. Over the period under review, imports enjoyed a prominent increase. The most prominent rate of growth was recorded in 2015 with an increase of 361%. Over the period under review, imports hit record highs in 2021 and are likely to see gradual growth in the near future.

Imports by Country

The United States (X units), the Netherlands (X units) and Turkey (X units) were the main suppliers of food sorting machine imports to Sri Lanka, with a combined 44% share of total imports. South Korea, China, India and Malaysia lagged somewhat behind, together accounting for a further 33%. Moreover, food sorting machine imports in the United States exceeded the figures recorded by the second-largest supplier, the Netherlands, twofold.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Korea (with a CAGR of +100.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), the Netherlands ($X) and China ($X) were the largest food sorting machine suppliers to Sri Lanka, with a combined 51% share of total imports. These countries were followed by South Korea, Turkey, India, Malaysia and Japan, which together accounted for a further 31%.

South Korea, with a CAGR of +121.1%, recorded the highest rates of growth with regard to 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 food sorting machine import price stood at $X per unit in 2021, dropping by -7.7% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 an increase of 27%. As a result, import price reached the peak level of $X per unit. From 2020 to 2021, the average import prices remained at a somewhat 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 the United States ($X per unit), while the price for Turkey ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+46.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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