Sri Lanka: Market for Non-Motorised Hand-Operated Mechanical Floor Sweepers 2024

Market Size for Non-Motorised Hand-Operated Mechanical Floor Sweepers in Sri Lanka

The Sri Lankan mechanical hand floor sweeper market skyrocketed to $X in 2022, with an increase of 15% against the previous year. Over the period under review, consumption continues to indicate a relatively flat trend pattern. Mechanical hand floor sweeper consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Production of Non-Motorised Hand-Operated Mechanical Floor Sweepers in Sri Lanka

In value terms, mechanical hand floor sweeper production contracted slightly to $X in 2022 estimated in export price. Overall, production saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 29% against the previous year. Mechanical hand floor sweeper production peaked at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Exports of Non-Motorised Hand-Operated Mechanical Floor Sweepers

Exports from Sri Lanka

In 2022, the amount of non-motorised hand-operated mechanical floor sweepers exported from Sri Lanka dropped markedly to X units, reducing by -96.2% compared with the year before. In general, exports, however, enjoyed a significant increase. The pace of growth appeared the most rapid in 2017 with an increase of 649% against the previous year. The exports peaked at X units in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, mechanical hand floor sweeper exports dropped notably to $X in 2022. Over the period under review, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2017 with an increase of 612% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Germany (X units), Australia (X units) and the United States (X units) were the main destinations of mechanical hand floor sweeper exports from Sri Lanka, with a combined 60% share of total exports. The Netherlands, Belgium, the United Arab Emirates and France lagged somewhat behind, together accounting for a further 28%.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of +63.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Australia ($X) and the United States ($X) were the largest markets for mechanical hand floor sweeper exported from Sri Lanka worldwide, together accounting for 63% of total exports.

Among the main countries of destination, Germany, with a CAGR of +322.1%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average mechanical hand floor sweeper export price amounted to $X per unit, growing by 93% against the previous year. Over the period under review, the export price recorded a slight expansion. The pace of growth was the most pronounced in 2019 an increase of 335% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Australia ($X per unit), while the average price for exports to the United Arab Emirates ($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 the Netherlands (+9.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Motorised Hand-Operated Mechanical Floor Sweepers

Imports into Sri Lanka

In 2022, overseas purchases of non-motorised hand-operated mechanical floor sweepers increased by 14% to X units for the first time since 2018, thus ending a three-year declining trend. Overall, imports, however, showed a deep reduction. The pace of growth appeared the most rapid in 2018 when imports increased by 186% against the previous year. As a result, imports reached the peak of X units. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, mechanical hand floor sweeper imports skyrocketed to $X in 2022. Over the period under review, imports, however, recorded a perceptible slump. The growth pace was the most rapid in 2018 when imports increased by 284%. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of mechanical hand floor sweeper to Sri Lanka, accounting for a 64% share of total imports. Moreover, mechanical hand floor sweeper imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), sevenfold. The third position in this ranking was held by India (X units), with a 5.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +3.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+10.4% per year) and India (-18.5% per year).

In value terms, China ($X) constituted the largest supplier of non-motorised hand-operated mechanical floor sweepers to Sri Lanka, comprising 64% of total imports. The second position in the ranking was held by the United States ($X), with a 9.4% share of total imports. It was followed by India, with a 5.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +5.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+12.2% per year) and India (-17.1% per year).

Import Prices by Country

The average mechanical hand floor sweeper import price stood at $X per unit in 2022, approximately mirroring the previous year. Over the last decade, it increased at an average annual rate of +1.7%. The pace of growth appeared the most rapid in 2018 an increase of 34% against the previous year. As a result, import price reached the peak level of $X per unit. From 2019 to 2022, the average import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were India ($X per unit) and the United States ($X per unit), while the price for Singapore ($X per unit) and Canada ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Greece (+2.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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