Sri Lanka: Pump For Liquid Market 2024

Pump For Liquid Market Size in Sri Lanka

The Sri Lankan pump for liquid market soared to $X in 2021, surging by 58% against the previous year. In general, the total consumption indicated a perceptible expansion from 2012 to 2021: its value increased at an average annual rate of +3.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Pump For Liquid Production in Sri Lanka

In value terms, pump for liquid production stood at $X in 2021 estimated in export price. Overall, production, however, saw a noticeable slump. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Pump For Liquid Exports

Exports from Sri Lanka

In 2021, exports of pumps for liquids and liquid elevators from Sri Lanka skyrocketed to X units, surging by 464% against the year before. Over the period under review, exports saw buoyant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, pump for liquid exports skyrocketed to $X in 2021. In general, exports enjoyed a resilient increase. The growth pace was the most rapid in 2017 with an increase of 88%. As a result, the exports attained the peak of $X. From 2018 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Israel (X units), South Korea (X units) and Germany (X units) were the main destinations of pump for liquid exports from Sri Lanka, together accounting for 58% of total exports. Kenya, Oman, Rwanda and Maldives lagged somewhat behind, together comprising a further 25%.

From 2012 to 2021, the biggest increases were recorded for Kenya (with a CAGR of +140.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for pump for liquid exported from Sri Lanka were Maldives ($X), South Korea ($X) and Oman ($X), with a combined 17% share of total exports. These countries were followed by Kenya, Germany, Rwanda, Israel and Malaysia, which together accounted for a further 11%.

Kenya, with a CAGR of +113.2%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average pump for liquid export price stood at $X per unit in 2021, declining by -74.6% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the average export price increased by 212% against the previous year. As a result, the export price reached the peak level of $X per unit, and then contracted significantly in the following year.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Maldives ($X per unit), while the average price for exports to Israel ($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 Nigeria (+283.0%), while the prices for the other major destinations experienced more modest paces of growth.

Pump For Liquid Imports

Imports into Sri Lanka

In 2021, approx. X units of pumps for liquids and liquid elevators were imported into Sri Lanka; picking up by 59% on the previous year's figure. In general, imports showed a measured increase. The most prominent rate of growth was recorded in 2013 when imports increased by 99%. As a result, imports attained the peak of X units. From 2014 to 2021, the growth of imports remained at a lower figure.

In value terms, pump for liquid imports soared to $X in 2021. Overall, total imports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +7.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

India (X units), China (X units) and Japan (X units) were the main suppliers of pump for liquid imports to Sri Lanka, together accounting for 70% of total imports. These countries were followed by Taiwan (Chinese), Vietnam, South Korea and Singapore, which together accounted for a further 13%.

From 2012 to 2021, the biggest increases were recorded for Vietnam (with a CAGR of +28.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of pumps for liquids and liquid elevators to Sri Lanka, comprising 36% of total imports. The second position in the ranking was held by India ($X), with a 13% share of total imports. It was followed by Japan, with an 8% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to +5.8%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+11.2% per year) and Japan (+22.2% per year).

Import Prices by Country

The average pump for liquid import price stood at $X per unit in 2021, therefore, remained relatively stable against the previous year. In general, import price indicated a temperate increase from 2012 to 2021: its price increased at an average annual rate of +3.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, pump for liquid import price decreased by -18.6% against 2019 indices. The growth pace was the most rapid in 2014 when the average import price increased by 70%. Over the period under review, average import prices hit record highs at $X per unit in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

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 Singapore ($X per unit), while the price for Vietnam ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+13.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform