Report Update Nov 1, 2024

Sri Lanka - Machines for Electroplating, Electrolysis or Electrophoresis - Market Analysis, Forecast, Size, Trends and Insights

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Sri Lanka: Electroplating Machine Market 2024

Electroplating Machine Market Size in Sri Lanka

The Sri Lankan electroplating machine market reduced to $X in 2021, shrinking by -6.2% against the previous year. Over the period under review, consumption continues to indicate a significant expansion. Electroplating machine consumption peaked at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Electroplating Machine Production in Sri Lanka

In value terms, electroplating machine production rose slightly to $X in 2021 estimated in export price. Overall, production showed a noticeable curtailment. The most prominent rate of growth was recorded in 2015 when the production volume increased by 7.4% against the previous year. Electroplating machine production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Electroplating Machine Exports

Exports from Sri Lanka

In 2021, overseas shipments of machines for electroplating, electrolysis or electrophoresis increased by 13% to X units, rising for the second consecutive year after four years of decline. In general, exports recorded significant growth. The pace of growth appeared the most rapid in 2015 when exports increased by 358% against the previous year. As a result, the exports reached the peak of X units. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, electroplating machine exports dropped slightly to $X in 2021. Over the period under review, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2015 when exports increased by 467% against the previous year. As a result, the exports reached the peak of $X. From 2016 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Maldives (X units) was the main destination for electroplating machine exports from Sri Lanka, with a approx. 99% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Maldives stood at +49.3%.

In value terms, Maldives ($X) also remains the key foreign market for electroplating machine exports from Sri Lanka.

From 2012 to 2021, the average annual rate of growth in terms of value to Maldives stood at +31.8%.

Export Prices by Country

The average electroplating machine export price stood at $X per unit in 2021, which is down by -13.5% against the previous year. Over the period under review, the export price faced a drastic downturn. The growth pace was the most rapid in 2015 an increase of 24%. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the rate of growth in terms of prices for Maldives amounted to -11.3% per year.

Electroplating Machine Imports

Imports into Sri Lanka

In 2021, overseas purchases of machines for electroplating, electrolysis or electrophoresis increased by 56% to X units for the first time since 2018, thus ending a two-year declining trend. Overall, imports saw a significant expansion. The pace of growth was the most pronounced in 2017 with an increase of 976%. Over the period under review, imports hit record highs at X units in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, electroplating machine imports dropped sharply to $X in 2021. In general, imports saw significant growth. The pace of growth appeared the most rapid in 2017 when imports increased by 822% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X units) was the main supplier of electroplating machine to Sri Lanka, accounting for a 93% share of total imports. It was followed by the Netherlands (X units), with a 1.7% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +95.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+53.0% per year) and Switzerland (-38.4% per year).

In value terms, China ($X) constituted the largest supplier of electroplating machine to Sri Lanka, comprising 42% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 0.8% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China totaled +16.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+43.4% per year) and Switzerland (+11.9% per year).

Import Prices by Country

The average electroplating machine import price stood at $X per unit in 2021, falling by -63% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the average import price increased by 158%. As a result, import price attained the peak level of $X per unit, and then contracted dramatically in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Switzerland (+82.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for machines for electroplating, electrolysis or electrophoresis in the world?

The countries with the highest volumes of in 2021 were Indonesia, South Africa and Estonia, with a combined 39% share of global consumption. The United States, Japan, Thailand, Somalia, Taiwan Chinese), Malaysia, Myanmar, South Korea, Vietnam and France lagged somewhat behind, together accounting for a further 42%.

What are the largest producers of machines for electroplating, electrolysis or electrophoresis in the world?

China remains the largest electroplating machine producing country worldwide, comprising approx. 29% of total volume. Moreover, electroplating machine production in China exceeded the figures recorded by the second-largest producer, Estonia, twofold. The third position in this ranking was occupied by Japan, with an 11% share.

What are the leading suppliers of machines for electroplating, electrolysis or electrophoresis to Sri Lanka?

In value terms, China constituted the largest supplier of electroplating machine to Sri Lanka, comprising 52% of total imports. The second position in the ranking was occupied by Turkey, with a 13% share of total imports. It was followed by the United States, with a 6% share.

What are the leading importers of machines for electroplating, electrolysis or electrophoresis from Sri Lanka?

In value terms, India remains the key foreign market for electroplating machine exports from Sri Lanka, comprising 85% of total exports. The second position in the ranking was occupied by Maldives $362), with a 15% share of total exports.

What is the average export price for machines for electroplating, electrolysis or electrophoresis in Sri Lanka?

The average electroplating machine export price stood at $103 per unit in 2021, with a decrease of -4.6% against the previous year.

What is the average import price for machines for electroplating, electrolysis or electrophoresis in Sri Lanka?

In 2021, the average electroplating machine import price amounted to $6,365 per unit, waning by -34.4% against the previous year.

This report provides an in-depth analysis of the electroplating machine market 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 28491283 - Machines and apparatus for electroplating, electrolysis or electrophoresis

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