Sri Lanka: Non-Hydraulic Press Market 2024

Non-Hydraulic Press Market Size in Sri Lanka

The Sri Lankan non-hydraulic press market skyrocketed to $X in 2021, picking up by 436% 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, faced a abrupt curtailment. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Non-Hydraulic Press Exports

Exports from Sri Lanka

In 2021, the amount of non-hydraulic presses for working metal exported from Sri Lanka surged to X units, growing by 25% on the previous year's figure. Overall, exports, however, showed a abrupt decline. The most prominent rate of growth was recorded in 2018 when exports increased by 700% against the previous year. The exports peaked at X units in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, non-hydraulic press exports skyrocketed to $X in 2021. Over the period under review, exports, however, saw a abrupt decline. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Maldives (X units), France (X units) and South Korea (X units) were the main destinations of non-hydraulic press exports from Sri Lanka.

From 2012 to 2021, the biggest increases were recorded for France (with a CAGR of 0.0%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, South Korea ($X) emerged as the key foreign market for non-hydraulic presses for working metal exports from Sri Lanka, comprising 98% of total exports. The second position in the ranking was taken by Maldives ($X), with a 1.4% share of total exports. It was followed by France, with a 0.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to South Korea totaled +172.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Maldives (-12.9% per year) and France (0.0% per year).

Export Prices by Country

In 2021, the average non-hydraulic press export price amounted to $X per unit, with an increase of 2,542% against the previous year. In general, the export price saw a modest increase. The export price peaked at $X per unit in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was India ($X per unit), while the average price for exports to France ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+308.2%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Hydraulic Press Imports

Imports into Sri Lanka

In 2021, approx. X units of non-hydraulic presses for working metal were imported into Sri Lanka; increasing by 437% against the previous year. Overall, imports, however, recorded a abrupt shrinkage. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, non-hydraulic press imports surged to $X in 2021. Over the period under review, imports, however, saw a deep setback. The most prominent rate of growth was recorded in 2019 with an increase of 600%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

India (X units), China (X units) and Taiwan (Chinese) (X units) were the main suppliers of non-hydraulic press imports to Sri Lanka, together accounting for 62% of total imports. These countries were followed by the United States, Japan, South Korea, Germany, the United Arab Emirates and Singapore, which together accounted for a further 34%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of +39.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of non-hydraulic presses for working metal to Sri Lanka, comprising 46% of total imports. The second position in the ranking was held by India ($X), with a 17% share of total imports. It was followed by Taiwan (Chinese), with a 15% share.

From 2012 to 2021, the average annual growth rate of value from China stood at +14.0%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+0.3% per year) and Taiwan (Chinese) (-11.7% per year).

Import Prices by Country

In 2021, the average non-hydraulic press import price amounted to $X per unit, waning by -3.6% against the previous year. In general, the import price, however, continues to indicate a buoyant expansion. The pace of growth was the most pronounced in 2019 when the average import price increased by 122% against the previous year. As a result, import price attained the peak level of $X per unit. From 2020 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+16.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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