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Report Sri Lanka - Motor Vehicles for Travelling on Snow or Golf Cars - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Jan 1, 2025

Sri Lanka - Motor Vehicles for Travelling on Snow or Golf Cars - Market Analysis, Forecast, Size, Trends and Insights

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Sri Lanka: Snow Motor Vehicle Market 2025

Snow Motor Vehicle Market Size in Sri Lanka

In 2022, after two years of decline, there was significant growth in the Sri Lankan snow motor vehicle market, when its value increased by 64% to $X. Overall, consumption, however, showed a deep setback. Snow motor vehicle consumption peaked at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Snow Motor Vehicle Exports

Exports from Sri Lanka

In 2022, overseas shipments of motor vehicles for travelling on snow or golf cars decreased by 0% to X units, falling for the third consecutive year after two years of growth. Overall, exports continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2019 with an increase of 200% against the previous year. The exports peaked at X units in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, snow motor vehicle exports rose notably to $X in 2022. In general, exports recorded a dramatic curtailment. The pace of growth was the most pronounced in 2018 when exports increased by 156%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Maldives (X units) was the main destination for snow motor vehicle exports from Sri Lanka, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Maldives totaled -6.7%.

In value terms, Maldives ($X) also remains the key foreign market for motor vehicles for travelling on snow or golf cars exports from Sri Lanka.

From 2012 to 2022, the average annual rate of growth in terms of value to Maldives totaled -22.1%.

Export Prices by Country

The average snow motor vehicle export price stood at $X per unit in 2022, surging by 10% against the previous year. Over the period under review, the export price, however, showed a drastic downturn. The pace of growth appeared the most rapid in 2018 an increase of 156%. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the rate of growth in terms of prices for Maldives amounted to -16.5% per year.

Snow Motor Vehicle Imports

Imports into Sri Lanka

In 2022, supplies from abroad of motor vehicles for travelling on snow or golf cars was finally on the rise to reach X units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, recorded a deep slump. Over the period under review, imports hit record highs at X units in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, snow motor vehicle imports skyrocketed to $X in 2022. In general, imports, however, continue to indicate a abrupt setback. The growth pace was the most rapid in 2013 with an increase of 70% against the previous year. Over the period under review, imports reached the peak figure at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the UK (X units) constituted the largest supplier of snow motor vehicle to Sri Lanka, with a 73% share of total imports. Moreover, snow motor vehicle imports from the UK exceeded the figures recorded by the second-largest supplier, India (X units), more than tenfold. Thailand (X units) ranked third in terms of total imports with a 3.3% share.

From 2012 to 2022, the average annual growth rate of volume from the UK totaled +27.1%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-12.9% per year) and Thailand (-31.7% per year).

In value terms, the UK ($X) constituted the largest supplier of motor vehicles for travelling on snow or golf cars to Sri Lanka, comprising 99% of total imports. The second position in the ranking was taken by Thailand ($X), with a 0.9% share of total imports. It was followed by Canada, with a 0.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the UK stood at +19.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (-38.7% per year) and Canada (-12.8% per year).

Import Prices by Country

The average snow motor vehicle import price stood at $X per unit in 2022, falling by -26.7% against the previous year. Over the period under review, the import price, however, showed a pronounced increase. The most prominent rate of growth was recorded in 2013 when the average import price increased by 99% against the previous year. The import price peaked at $X per unit in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per unit), while the price for India ($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 UK (-5.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

China remains the largest snow motor vehicle consuming country worldwide, accounting for 63% of total volume. Moreover, snow motor vehicle consumption in China exceeded the figures recorded by the second-largest consumer, the United States, sixfold. The UK ranked third in terms of total consumption with a 5.6% share.
China remains the largest snow motor vehicle producing country worldwide, accounting for 87% of total volume. Moreover, snow motor vehicle production in China exceeded the figures recorded by the second-largest producer, Mexico, more than tenfold. The third position in this ranking was occupied by the UK, with a 2.3% share.
In value terms, the UK, Thailand and China were the largest snow motor vehicle suppliers to Sri Lanka, with a combined 92% share of total imports. Singapore, the United States, Canada, Hong Kong SAR and Japan lagged somewhat behind, together comprising a further 7.6%.
In value terms, Maldives remains the key foreign market for snow motor vehicle exports from Sri Lanka.
In 2021, the average snow motor vehicle export price amounted to $5,384 per unit, surging by 4.8% against the previous year.
The average snow motor vehicle import price stood at $3,529 per unit in 2021, reducing by -5.2% against the previous year.

This report provides an in-depth analysis of the snow motor vehicle 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 29105200 - Motor vehicles specially designed for travelling on snow, golf cars and similar vehicles

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 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. 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. 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. 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. 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. 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. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2024
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2024
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2024
    2. Market Volume, In Physical Terms, 2012–2024
    3. Market Value, 2012–2024
    4. Per Capita Consumption In 2012-2024
    5. Imports, In Physical Terms, By Country, 2012–2024
    6. Imports, In Value Terms, By Country, 2012–2024
    7. Import Prices, By Country Of Origin, 2012–2024
    8. Exports, In Physical Terms, By Country, 2012–2024
    9. Exports, In Value Terms, By Country, 2012–2024
    10. Export Prices, By Country Of Destination, 2012–2024

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2024
    2. Market Value, 2012–2024
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
    5. Trade Balance, In Physical Terms, 2012-2024
    6. Trade Balance, In Value Terms, 2012-2024
    7. Per Capita Consumption, 2012-2024
    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, 2012–2024
    22. Production, In Value Terms, 2012–2024
    23. Imports, In Physical Terms, 2012–2024
    24. Imports, In Value Terms, 2012–2024
    25. Imports, In Physical Terms, By Country, 2024
    26. Imports, In Physical Terms, By Country, 2012–2024
    27. Imports, In Value Terms, By Country, 2012–2024
    28. Import Prices, By Country Of Origin, 2012–2024
    29. Exports, In Physical Terms, 2012–2024
    30. Exports, In Value Terms, 2012–2024
    31. Exports, In Physical Terms, By Country, 2024
    32. Exports, In Physical Terms, By Country, 2012–2024
    33. Exports, In Value Terms, By Country, 2012–2024
    34. Export Prices, By Country Of Destination, 2012–2024

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Free Data: Motor Vehicles For Travelling On Snow Or Golf Cars - Sri Lanka
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