Sri Lanka: Microscope Market 2025

Microscope Market Size in Sri Lanka

The Sri Lankan microscope market soared to $X in 2021, picking up by 37% 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, recorded a deep downturn. Microscope consumption peaked at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Microscope Exports

Exports from Sri Lanka

In 2018, shipments abroad of microscopes and diffraction apparatus decreased by 0% to X units, falling for the second consecutive year after two years of decline. Over the period under review, exports faced a abrupt downturn. The smallest decline of -50% was in 2015. Over the period under review, the exports reached the peak figure at X units in 2012; however, from 2013 to 2018, the exports stood at a somewhat lower figure.

In value terms, microscope exports surged to $X in 2018. In general, exports continue to indicate a remarkable increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

From 2012 to 2021, the average annual rate of growth in terms of volume to No country was relatively modest.

In value terms, India ($X) remains the key foreign market for microscopes and diffraction apparatus exports from Sri Lanka, comprising 88% of total exports. The second position in the ranking was held by Maldives ($X), with a 12% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to India amounted to -31.1%.

Export Prices by Country

The average microscope export price stood at $X per unit in 2021, falling by -10.3% against the previous year. Over the period under review, the export price, however, enjoyed a buoyant expansion. The pace of growth was the most pronounced in 2019 an increase of 77%. As a result, the export price reached the peak level of $X per unit. From 2020 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Maldives ($X per unit), while the average price for exports to India totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Maldives (+52.6%), while the prices for the other major destinations experienced mixed trend patterns.

Microscope Imports

Imports into Sri Lanka

In 2021, the amount of microscopes and diffraction apparatus imported into Sri Lanka skyrocketed to X units, with an increase of 68% on 2020. Over the period under review, imports, however, continue to indicate a deep slump. The pace of growth appeared the most rapid in 2019 when imports increased by 1,584% against the previous year. Over the period under review, imports attained the peak figure at X units in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, microscope imports stood at $X in 2021. In general, imports, however, continue to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2019 with an increase of 3,405% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of microscope to Sri Lanka, with a 52% share of total imports. Moreover, microscope imports from China exceeded the figures recorded by the second-largest supplier, India (X units), twofold. The third position in this ranking was held by the Netherlands (X units), with an 11% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +4.0%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+3.8% per year) and the Netherlands (+49.4% per year).

In value terms, Japan ($X), the Netherlands ($X) and the UK ($X) constituted the largest microscope suppliers to Sri Lanka, with a combined 62% share of total imports.

In terms of the main suppliers, the Netherlands, with a CAGR of +53.1%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average microscope import price amounted to $X per unit, which is down by -34% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average import price increased by 108% against the previous year. 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.

Prices varied noticeably country of origin: the country with the highest price was Japan ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+27.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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