Sri Lanka: Non-Household Fan Market 2025

Non-Household Fan Market Size in Sri Lanka

The Sri Lankan non-household fan market shrank significantly to $X in 2022, which is down by -70% 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). Over the period under review, consumption saw a abrupt downturn. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market remained at a somewhat lower figure.

Non-Household Fan Exports

Exports from Sri Lanka

In 2022, approx. X units of non-household ventilation fans were exported from Sri Lanka; dropping by -60.9% on 2021. In general, exports, however, recorded temperate growth. The growth pace was the most rapid in 2018 with an increase of 354% against the previous year. As a result, the exports attained the peak of X units. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, non-household fan exports reduced notably to $X in 2022. Over the period under review, exports, however, enjoyed a strong increase. The most prominent rate of growth was recorded in 2018 with an increase of 320% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Ghana (X units), Seychelles (X units) and India (X units) were the main destinations of non-household fan exports from Sri Lanka, with a combined 64% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Ghana (with a CAGR of +357.1%), while the other leaders experienced more modest paces of growth.

In value terms, India ($X) emerged as the key foreign market for non-household ventilation fans exports from Sri Lanka, comprising 56% of total exports. The second position in the ranking was held by Maldives ($X), with a 19% share of total exports. It was followed by Ghana, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value to India totaled +51.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Maldives (+7.4% per year) and Ghana (+410.2% per year).

Export Prices by Country

The average non-household fan export price stood at $X per unit in 2022, dropping by -3.6% against the previous year. In general, export price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, non-household fan export price increased by +38.6% against 2020 indices. The growth pace was the most rapid in 2013 an increase of 51% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($X per unit), while the average price for exports to Taiwan (Chinese) ($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 Bangladesh (+66.2%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Household Fan Imports

Imports into Sri Lanka

In 2022, approx. X units of non-household ventilation fans were imported into Sri Lanka; declining by -71.7% compared with the previous year's figure. In general, imports showed a abrupt descent. The most prominent rate of growth was recorded in 2019 when imports increased by 148% against the previous year. Imports peaked at X units in 2021, and then dropped notably in the following year.

In value terms, non-household fan imports shrank remarkably to $X in 2022. Overall, imports continue to indicate a abrupt decline. The pace of growth was the most pronounced in 2019 with an increase of 62%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of non-household fan to Sri Lanka, with a 76% share of total imports. Moreover, non-household fan imports from China exceeded the figures recorded by the second-largest supplier, India (X units), more than tenfold. The third position in this ranking was taken by Hong Kong SAR (X units), with a 5.6% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled -1.2%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+5.5% per year) and Hong Kong SAR (+5.0% per year).

In value terms, China ($X) constituted the largest supplier of non-household ventilation fans to Sri Lanka, comprising 36% of total imports. The second position in the ranking was taken by India ($X), with an 8% share of total imports. It was followed by Malaysia, with a 3.9% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to -4.6%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-4.6% per year) and Malaysia (-5.0% per year).

Import Prices by Country

In 2022, the average non-household fan import price amounted to $X per unit, with an increase of 13% against the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 82%. Over the period under review, average import prices reached the peak figure at $X per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+20.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform