Sri Lanka: Mounted Piezo-Electric Crystals Market 2024

Mounted Piezo-Electric Crystals Market Size in Sri Lanka

In 2021, the Sri Lankan mounted piezo-electric crystals market decreased by -2.9% to $X for the first time since 2017, thus ending a three-year rising trend. In general, consumption saw a pronounced decrease. Mounted piezo-electric crystals consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Mounted Piezo-Electric Crystals Production in Sri Lanka

In value terms, mounted piezo-electric crystals production shrank modestly to $X in 2021 estimated in export price. Overall, production showed a mild descent. The most prominent rate of growth was recorded in 2019 when the production volume increased by 41%. Mounted piezo-electric crystals production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Mounted Piezo-Electric Crystals Exports

Exports from Sri Lanka

In 2021, after three years of decline, there was significant growth in shipments abroad of mounted piezo-electric crystals, when their volume increased by 99% to X units. In general, exports saw resilient growth. The most prominent rate of growth was recorded in 2013 when exports increased by 442%. The exports peaked at X units in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, mounted piezo-electric crystals exports soared to $X in 2021. Overall, exports continue to indicate a prominent increase. The pace of growth appeared the most rapid in 2013 with an increase of 269%. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Japan (X units) was the main destination for mounted piezo-electric crystals exports from Sri Lanka, accounting for a 92% share of total exports. Moreover, mounted piezo-electric crystals exports to Japan exceeded the volume sent to the second major destination, Singapore (X units), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Japan amounted to +12.6%.

In value terms, Japan ($X) remains the key foreign market for mounted piezo-electric crystals exports from Sri Lanka, comprising 77% of total exports. The second position in the ranking was taken by Singapore ($X), with a 22% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Japan amounted to +6.0%.

Export Prices by Country

The average mounted piezo-electric crystals export price stood at $X per unit in 2021, falling by -5% against the previous year. Overall, the export price showed a perceptible setback. The pace of growth appeared the most rapid in 2018 an increase of 90%. Over the period under review, the average export prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Singapore ($X per unit), while the average price for exports to Japan stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Japan (-5.9%).

Mounted Piezo-Electric Crystals Imports

Imports into Sri Lanka

In 2021, supplies from abroad of mounted piezo-electric crystals increased by 217% to X units, rising for the third consecutive year after two years of decline. Overall, imports, however, showed a noticeable shrinkage. Imports peaked at X units in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, mounted piezo-electric crystals imports skyrocketed to $X in 2021. In general, imports showed a notable expansion. 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 mounted piezo-electric crystals supplier to Sri Lanka, accounting for a 27% share of total imports. Moreover, mounted piezo-electric crystals imports from China exceeded the figures recorded by the second-largest supplier, Japan (X units), twofold. The third position in this ranking was held by Vietnam (X units), with an 8.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +35.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-16.6% per year) and Vietnam (-8.8% per year).

In value terms, the largest mounted piezo-electric crystals suppliers to Sri Lanka were China ($X), Japan ($X) and Taiwan (Chinese) ($X), with a combined 51% share of total imports.

Among the main suppliers, China, with a CAGR of +48.8%, saw the highest rates of growth with regard to 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 mounted piezo-electric crystals import price amounted to $X per unit, surging by 18% against the previous year. Overall, import price indicated resilient growth from 2012 to 2021: its price increased at an average annual rate of +5.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, mounted piezo-electric crystals import price decreased by -2.6% against 2019 indices. The pace of growth appeared the most rapid in 2014 an increase of 44%. Over the period under review, average import prices reached the maximum at $X per unit in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+24.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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