Sri Lanka: Remote Control Apparatus Market 2025

Remote Control Apparatus Market Size in Sri Lanka

In 2021, after two years of growth, there was significant decline in the Sri Lankan remote control apparatus market, when its value decreased by -21.8% to $X. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X, and then declined sharply in the following year.

Remote Control Apparatus Production in Sri Lanka

In value terms, remote control apparatus production shrank markedly to $X in 2021 estimated in export price. In general, production, however, saw a mild increase. The pace of growth was the most pronounced in 2020 with an increase of 92% against the previous year. As a result, production reached the peak level of $X, and then declined significantly in the following year.

Remote Control Apparatus Exports

Exports from Sri Lanka

In 2021, overseas shipments of radio remote control apparatus were finally on the rise to reach X kg for the first time since 2018, thus ending a two-year declining trend. Overall, exports, however, saw a dramatic descent. The most prominent rate of growth was recorded in 2017 when exports increased by 167% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, remote control apparatus exports skyrocketed to $X in 2021. In general, exports, however, continue to indicate a precipitous descent. The pace of growth was the most pronounced in 2018 with an increase of 408% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Switzerland (X kg) and Germany (X kg) were the main destinations of remote control apparatus exports from Sri Lanka. Moreover, remote control apparatus exports in Switzerland exceeded the figures recorded by the second-largest exporter, Germany, twofold.

From 2012 to 2021, the biggest increases were recorded for Switzerland (with a CAGR of 0.0%).

In value terms, Germany ($X) remains the key foreign market for radio remote control apparatus exports from Sri Lanka, comprising 88% of total exports. The second position in the ranking was taken by Switzerland ($X), with a 3.5% share of total exports. It was followed by Poland, with a 0.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany amounted to +40.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (+10.0% per year) and Poland (-58.3% per year).

Export Prices by Country

In 2021, the average remote control apparatus export price amounted to $X per kg, which is down by -6.1% against the previous year. Over the period under review, the export price, however, enjoyed a significant increase. The pace of growth was the most pronounced in 2015 an increase of 779%. Over the period under review, the average export prices hit record highs at $X per kg in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Germany ($X per kg), while the average price for exports to Switzerland ($X per kg) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+55.7%), while the prices for the other major destinations experienced more modest paces of growth.

Remote Control Apparatus Imports

Imports into Sri Lanka

In 2021, remote control apparatus imports into Sri Lanka contracted significantly to X kg, with a decrease of -36.2% against 2020. Over the period under review, imports, however, recorded a noticeable increase. The most prominent rate of growth was recorded in 2020 with an increase of 385%. Over the period under review, imports hit record highs at X tons in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, remote control apparatus imports reduced dramatically to $X in 2021. In general, imports, however, posted modest growth. The pace of growth appeared the most rapid in 2020 when imports increased by 310%. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

Imports by Country

France (X kg), Japan (X kg) and Austria (X kg) were the main suppliers of remote control apparatus imports to Sri Lanka, together accounting for 43% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of +58.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Israel ($X) and Japan ($X) were the largest remote control apparatus suppliers to Sri Lanka, with a combined 46% share of total imports.

In terms of the main suppliers, France, with a CAGR of +62.5%, saw the highest rates of growth with regard to 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 remote control apparatus import price stood at $X per ton in 2021, surging by 12% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average import price increased by 64% against the previous year. As a result, import price attained the peak level of $X per ton. From 2018 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Israel ($X per ton), while the price for Tanzania ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Israel (+9.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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