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Report Sri Lanka - Planes, Chisels and Gouges for Working Wood - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Feb 1, 2025

Sri Lanka - Planes, Chisels and Gouges for Working Wood - Market Analysis, Forecast, Size, Trends and Insights

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Sri Lanka: Gouges And Chisels Market 2025

Gouges And Chisels Market Size in Sri Lanka

The Sri Lankan gouges and chisels market dropped significantly to $X in 2022, waning by -81.7% 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 deep setback. Over the period under review, the market attained the maximum level at $X in 2021, and then fell notably in the following year.

Gouges And Chisels Exports

Exports from Sri Lanka

In 2022, gouges and chisels exports from Sri Lanka surged to X tons, rising by 367% on the previous year's figure. Over the period under review, exports enjoyed prominent growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, gouges and chisels exports surged to $X in 2022. In general, exports enjoyed a notable expansion. The pace of growth was the most pronounced in 2021 with an increase of 404% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

Seychelles (X tons) and Maldives (X tons) were the main destinations of gouges and chisels exports from Sri Lanka.

From 2012 to 2022, the biggest increases were recorded for Seychelles (with a CAGR of +39.5%).

In value terms, the largest markets for gouges and chisels exported from Sri Lanka were Maldives ($X) and Seychelles ($X).

Among the main countries of destination, Seychelles, with a CAGR of +37.3%, recorded the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

In 2022, the average gouges and chisels export price amounted to $X per ton, dropping by -65.2% against the previous year. Overall, the export price showed a abrupt shrinkage. The growth pace was the most rapid in 2021 when the average export price increased by 61% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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 Maldives ($X per ton), while the average price for exports to Seychelles amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Seychelles (-1.6%), while the prices for the other major destinations experienced a decline.

Gouges And Chisels Imports

Imports into Sri Lanka

Gouges and chisels imports into Sri Lanka dropped markedly to X tons in 2022, shrinking by -79.5% on 2021 figures. Overall, imports showed a deep slump. The pace of growth appeared the most rapid in 2021 when imports increased by 234% against the previous year. As a result, imports attained the peak of X tons, and then reduced rapidly in the following year.

In value terms, gouges and chisels imports shrank sharply to $X in 2022. Over the period under review, imports recorded a perceptible setback. The most prominent rate of growth was recorded in 2017 when imports increased by 204%. Imports peaked at $X in 2021, and then fell remarkably in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of gouges and chisels to Sri Lanka, with a 76% share of total imports. Moreover, gouges and chisels imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), fourfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to -7.3%.

In value terms, China ($X) constituted the largest supplier of planes, chisels and gouges for working wood to Sri Lanka, comprising 72% of total imports. The second position in the ranking was taken by India ($X), with an 18% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at -2.4%.

Import Prices by Country

In 2022, the average gouges and chisels import price amounted to $X per ton, declining by -9.7% against the previous year. Over the period under review, the import price, however, showed a moderate increase. The most prominent rate of growth was recorded in 2013 when the average import price increased by 98% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while the price for India stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.3%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

The countries with the highest volumes of in 2021 were China, the United States and India, together accounting for 44% of global consumption. These countries were followed by Japan, Malaysia, Mexico, the UK, Turkey, Indonesia, the Netherlands, Spain and Oman, which together accounted for a further 23%.
China constituted the country with the largest volume of gouges and chisels production, accounting for 60% of total volume. Moreover, gouges and chisels production in China exceeded the figures recorded by the second-largest producer, India, fivefold. The third position in this ranking was occupied by Japan, with a 4.8% share.
In value terms, China constituted the largest supplier of gouges and chisels to Sri Lanka, comprising 72% of total imports. The second position in the ranking was occupied by South Korea, with a 4% share of total imports.
In value terms, Maldives remains the key foreign market for gouges and chisels exports from Sri Lanka, comprising 71% of total exports. The second position in the ranking was occupied by Spain, with a 21% share of total exports. It was followed by India, with a 3.2% share.
The average gouges and chisels export price stood at $3,926 per ton in 2021, declining by -6% against the previous year.
In 2021, the average gouges and chisels import price amounted to $6,329 per ton, increasing by 2.8% against the previous year.

This report provides an in-depth analysis of the gouges and chisels market in Sri Lanka. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 25733057 - Planes, chisels, gouges and similar cutting tools for working wood

Country coverage:

  • Sri Lanka

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Sri Lanka
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2024
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2024
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2024
    2. Market Volume, In Physical Terms, 2012–2024
    3. Market Value, 2012–2024
    4. Per Capita Consumption In 2012-2024
    5. Imports, In Physical Terms, By Country, 2012–2024
    6. Imports, In Value Terms, By Country, 2012–2024
    7. Import Prices, By Country Of Origin, 2012–2024
    8. Exports, In Physical Terms, By Country, 2012–2024
    9. Exports, In Value Terms, By Country, 2012–2024
    10. Export Prices, By Country Of Destination, 2012–2024

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2024
    2. Market Value, 2012–2024
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
    5. Trade Balance, In Physical Terms, 2012-2024
    6. Trade Balance, In Value Terms, 2012-2024
    7. Per Capita Consumption, 2012-2024
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2024
    22. Production, In Value Terms, 2012–2024
    23. Imports, In Physical Terms, 2012–2024
    24. Imports, In Value Terms, 2012–2024
    25. Imports, In Physical Terms, By Country, 2024
    26. Imports, In Physical Terms, By Country, 2012–2024
    27. Imports, In Value Terms, By Country, 2012–2024
    28. Import Prices, By Country Of Origin, 2012–2024
    29. Exports, In Physical Terms, 2012–2024
    30. Exports, In Value Terms, 2012–2024
    31. Exports, In Physical Terms, By Country, 2024
    32. Exports, In Physical Terms, By Country, 2012–2024
    33. Exports, In Value Terms, By Country, 2012–2024
    34. Export Prices, By Country Of Destination, 2012–2024

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