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

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