Sri Lanka: Photo-Copying Apparatus Market 2024

Photo-Copying Apparatus Market Size in Sri Lanka

In 2022, the Sri Lankan photo-copying apparatus market decreased by -59.5% to $X for the first time since 2019, thus ending a two-year rising trend. In general, consumption saw a abrupt decline. Photo-copying apparatus consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Photo-Copying Apparatus Exports

Exports from Sri Lanka

In 2022, photo-copying apparatus exports from Sri Lanka reduced rapidly to X units, with a decrease of -58.1% against the year before. In general, exports continue to indicate a perceptible curtailment. The growth pace was the most rapid in 2021 when exports increased by 270% against the previous year. Over the period under review, the exports hit record highs at X units in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, photo-copying apparatus exports shrank sharply to $X in 2022. Overall, exports, however, enjoyed a pronounced increase. The most prominent rate of growth was recorded in 2021 when exports increased by 469%. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

Maldives (X units), Bangladesh (X units) and Singapore (X units) were the main destinations of photo-copying apparatus exports from Sri Lanka, together accounting for 55% 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 Maldives (with a CAGR of +21.5%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for photo-copying apparatus exported from Sri Lanka were Japan ($X), Maldives ($X) and the United Arab Emirates ($X), with a combined 67% share of total exports.

Among the main countries of destination, Japan, with a CAGR of +144.7%, saw 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 photo-copying apparatus export price amounted to $X per unit, declining by -2% against the previous year. Over the period under review, the export price, however, enjoyed resilient growth. The pace of growth appeared the most rapid in 2019 when the average export price increased by 96% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2020 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per unit), while the average price for exports to the UK ($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 Japan (+119.3%), while the prices for the other major destinations experienced more modest paces of growth.

Photo-Copying Apparatus Imports

Imports into Sri Lanka

Photo-copying apparatus imports into Sri Lanka contracted markedly to X units in 2022, waning by -65.3% on the previous year's figure. In general, imports continue to indicate a abrupt slump. The growth pace was the most rapid in 2013 with an increase of 47%. Imports peaked at X units in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, photo-copying apparatus imports shrank dramatically to $X in 2022. Overall, imports recorded a deep setback. The pace of growth was the most pronounced in 2021 when imports increased by 70% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

China (X units), Italy (X units) and Portugal (X units) were the main suppliers of photo-copying apparatus imports to Sri Lanka, together comprising 69% of total imports.

From 2012 to 2022, the biggest increases were recorded for Portugal (with a CAGR of +67.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest photo-copying apparatus suppliers to Sri Lanka were Portugal ($X), China ($X) and Italy ($X), together comprising 71% of total imports.

Among the main suppliers, Portugal, with a CAGR of +84.1%, saw the highest growth rate of 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

The average photo-copying apparatus import price stood at $X per unit in 2022, increasing by 23% against the previous year. In general, import price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, photo-copying apparatus import price increased by +73.4% against 2019 indices. The pace of growth was the most pronounced in 2015 when the average import price increased by 43%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Singapore ($X per unit), while the price for Germany ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+10.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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