Report Update Nov 1, 2024

Sri Lanka - Milling Industry Machinery - Market Analysis, Forecast, Size, Trends and Insights

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Sri Lanka: Milling Industry Machinery Market 2024

Milling Industry Machinery Market Size in Sri Lanka

After two years of growth, the Sri Lankan milling industry machinery market decreased by X% to $X in 2022. In general, consumption, however, continues to indicate a significant expansion. Milling industry machinery consumption peaked at $X in 2021, and then fell sharply in the following year.

Milling Industry Machinery Exports

Exports from Sri Lanka

Milling industry machinery exports from Sri Lanka shrank rapidly to X units in 2022, falling by X% against 2021 figures. In general, exports continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. As a result, the exports reached the peak of X units. From 2020 to 2022, the growth of the exports remained at a lower figure.

In value terms, milling industry machinery exports declined remarkably to $X in 2022. Overall, exports recorded a sharp decline. The most prominent rate of growth was recorded in 2015 when exports increased by X%. Over the period under review, the exports reached the peak figure at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

India (X units) was the main destination for milling industry machinery exports from Sri Lanka, accounting for a approx. X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to India was relatively modest.

In value terms, India ($X) emerged as the key foreign market for milling industry machinery exports from Sri Lanka.

From 2012 to 2022, the average annual growth rate of value to India amounted to X%.

Export Prices by Country

The average milling industry machinery export price stood at $X per unit in 2022, reducing by X% against the previous year. In general, the export price recorded a abrupt descent. The most prominent rate of growth was recorded in 2015 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2021, and then dropped significantly in the following year.

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

From 2012 to 2022, the rate of growth in terms of prices for Canada amounted to X% per year.

Milling Industry Machinery Imports

Imports into Sri Lanka

In 2022, after five years of growth, there was significant decline in supplies from abroad of milling industry machinery, when their volume decreased by X% to X units. Overall, imports, however, recorded significant growth. The pace of growth appeared the most rapid in 2015 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at X units in 2021, and then declined dramatically in the following year.

In value terms, milling industry machinery imports contracted markedly to $X in 2022. Over the period under review, imports, however, saw a strong increase. The pace of growth appeared the most rapid in 2015 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) was the main milling industry machinery supplier to Sri Lanka, accounting for a X% share of total imports. It was followed by India (X units), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from China stood at X%.

In value terms, China ($X) constituted the largest supplier of milling industry machinery to Sri Lanka, comprising X% of total imports. The second position in the ranking was held by India ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at X%.

Import Prices by Country

The average milling industry machinery import price stood at $X per unit in 2022, waning by X% against the previous year. In general, the import price continues to indicate a dramatic curtailment. The pace of growth appeared the most rapid in 2017 when the average import price increased by X% against the previous year. The import price peaked at $X per unit in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($X per unit), while the price for China stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for milling industry machinery in the world?

The countries with the highest volumes of milling industry machinery consumption in 2020 were China, the United States and India, together comprising 30% of global consumption. Indonesia, Turkey, Japan, Russia, Romania, Brazil, Libya, Sudan, the UK and Guatemala lagged somewhat behind, together comprising a further 30%.

What are the largest producers of milling industry machinery in the world?

The country with the largest volume of milling industry machinery production was Turkey, accounting for 41% of total volume. Moreover, milling industry machinery production in Turkey exceeded the figures recorded by the second-largest producer, China, twofold. The third position in this ranking was occupied by the United States, with an 8.1% share.

What are the leading suppliers of milling industry machinery to Sri Lanka?

In value terms, the largest milling industry machinery suppliers to Sri Lanka were China and India.

What is the average export price for milling industry machinery in Sri Lanka?

In 2020, the average milling industry machinery export price amounted to $2,885 per unit, waning by -50% against the previous year.

What is the average import price for milling industry machinery in Sri Lanka?

The average milling industry machinery import price stood at $357 per unit in 2020, picking up by 16% against the previous year.

This report provides an in-depth analysis of the milling industry machinery 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 28931300 - Machinery used in the milling industry or for the working of cereals or dried leguminous vegetables (excluding farm-type machinery)

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