Sri Lanka: Market for Machines For Cleaning, Sorting Or Grading Seed, Grain Or Dried Leguminous Vegetables 2024

Market Size for Machines For Cleaning, Sorting Or Grading Seed, Grain Or Dried Leguminous Vegetables in Sri Lanka

In 2021, the Sri Lankan market for machines for cleaning, sorting or grading seed, grain or dried leguminous vegetables was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption, however, continues to indicate a perceptible decline. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Exports of Machines For Cleaning, Sorting Or Grading Seed, Grain Or Dried Leguminous Vegetables

Exports from Sri Lanka

Exports of machines for cleaning, sorting or grading seed, grain or dried leguminous vegetables from Sri Lanka reduced rapidly to X units in 2021, with a decrease of -46.4% against 2020. Over the period under review, exports saw a abrupt curtailment. The most prominent rate of growth was recorded in 2017 with an increase of 1,350% against the previous year. As a result, the exports attained the peak of X units. From 2018 to 2021, the growth of the exports of failed to regain momentum.

In value terms, exports of machines for cleaning, sorting or grading seed, grain or dried leguminous vegetables contracted sharply to $X in 2021. In general, exports showed a abrupt setback. The growth pace was the most rapid in 2017 when exports increased by 3,563%. As a result, the exports attained the peak of $X. From 2018 to 2021, the growth of the exports of failed to regain momentum.

Exports by Country

India (X units) was the main destination for exports of machines for cleaning, sorting or grading seed, grain or dried leguminous vegetables from Sri Lanka, accounting for a 67% share of total exports. Moreover, exports of machines for cleaning, sorting or grading seed, grain or dried leguminous vegetables to India exceeded the volume sent to the second major destination, the Philippines (X units), fivefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to India stood at +22.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (0.0% per year) and Maldives (+100.0% per year).

In value terms, India ($X) emerged as the key foreign market for machines for cleaning, sorting or grading seed, grain or dried leguminous vegetables exports from Sri Lanka, comprising 72% of total exports. The second position in the ranking was held by the Philippines ($X), with a 15% share of total exports. It was followed by Maldives, with a 7.1% share.

From 2012 to 2021, the average annual growth rate of value to India stood at +31.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (0.0% per year) and Maldives (+49.5% per year).

Export Prices by Country

The average export price for machines for cleaning, sorting or grading seed, grain or dried leguminous vegetables stood at $X per unit in 2021, waning by -33.1% against the previous year. Overall, the export price continues to indicate a pronounced curtailment. The most prominent rate of growth was recorded in 2013 when the average export price increased by 246% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2014 to 2021, the average export prices remained at a somewhat 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 Switzerland ($X per unit), while the average price for exports to Maldives ($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 Maldives (+12.4%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Machines For Cleaning, Sorting Or Grading Seed, Grain Or Dried Leguminous Vegetables

Imports into Sri Lanka

In 2021, supplies from abroad of machines for cleaning, sorting or grading seed, grain or dried leguminous vegetables was finally on the rise to reach X units after two years of decline. In general, imports, however, saw a perceptible curtailment. The pace of growth was the most pronounced in 2015 with an increase of 181%. Imports peaked at X units in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, imports of machines for cleaning, sorting or grading seed, grain or dried leguminous vegetables soared to $X in 2021. Over the period under review, imports, however, showed a pronounced downturn. The growth pace was the most rapid in 2015 when imports increased by 169% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

India (X units), China (X units) and South Korea (X units) were the main suppliers of imports of machines for cleaning, sorting or grading seed, grain or dried leguminous vegetables to Sri Lanka, with a combined 92% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +10.4%), while imports for the other leaders experienced a decline.

In value terms, India ($X), China ($X) and South Korea ($X) appeared to be the largest seed cleaning, sorting and grading machine suppliers to Sri Lanka, with a combined 93% share of total imports.

In terms of the main suppliers, India, with a CAGR of +14.2%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2021, the average import price for machines for cleaning, sorting or grading seed, grain or dried leguminous vegetables amounted to $X per unit, increasing by 3.8% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.3%. The pace of growth was the most pronounced in 2013 when the average import price increased by 31% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2016; however, from 2017 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were China ($X per unit) and India ($X per unit), while the price for Switzerland ($X per unit) and Thailand ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+3.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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