Sri Lanka: Metal Treating Machine Market 2024

Metal Treating Machine Market Size in Sri Lanka

The Sri Lankan metal treating machine market fell sharply to $X in 2022, which is down by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, showed a resilient expansion. Metal treating machine consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Metal Treating Machine Exports

Exports from Sri Lanka

After two years of decline, shipments abroad of machines for treating metal, having individual functions decreased by X% to X units in 2022. In general, exports continue to indicate a dramatic contraction. The pace of growth was the most pronounced in 2016 when exports increased by X% against the previous year. The exports peaked at X units in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, metal treating machine exports soared to $X in 2022. Over the period under review, exports faced a significant decline. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

India (X units), Maldives (X units) and the United Arab Emirates (X units) were the main destinations of metal treating machine exports from Sri Lanka, with a combined X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for the United Arab Emirates (with a CAGR of X%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Singapore ($X) remains the key foreign market for machines for treating metal, having individual functions exports from Sri Lanka, comprising X% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a X% share of total exports. It was followed by India, with an X% share.

From 2012 to 2022, the average annual growth rate of value to Singapore stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and India (X% per year).

Export Prices by Country

In 2022, the average metal treating machine export price amounted to $X per unit, rising by X% against the previous year. Over the period under review, the export price, however, faced a abrupt downturn. The pace of growth was the most pronounced in 2014 when the average export price increased by X%. As a result, the export price reached the peak level of $X per unit. From 2015 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($X per unit), while the average price for exports to Maldives ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Maldives (X%), while the prices for the other major destinations experienced a decline.

Metal Treating Machine Imports

Imports into Sri Lanka

In 2022, the amount of machines for treating metal, having individual functions imported into Sri Lanka declined rapidly to X units, waning by X% compared with 2021. In general, imports, however, recorded a resilient increase. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, imports attained the peak figure at X units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, metal treating machine imports declined significantly to $X in 2022. Over the period under review, imports, however, recorded a prominent expansion. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Italy (X units) constituted the largest supplier of metal treating machine to Sri Lanka, accounting for a X% share of total imports. Moreover, metal treating machine imports from Italy exceeded the figures recorded by the second-largest supplier, China (X units), fivefold. The third position in this ranking was held by India (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Italy totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and India (X% per year).

In value terms, Italy ($X) constituted the largest supplier of machines for treating metal, having individual functions to Sri Lanka, comprising X% of total imports. The second position in the ranking was held by China ($X), with an X% share of total imports. It was followed by the United States, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Italy amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and the United States (X% per year).

Import Prices by Country

The average metal treating machine import price stood at $X per unit in 2022, surging by X% against the previous year. Overall, the import price enjoyed a temperate increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per unit), while the price for India ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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