Report Update Nov 1, 2024

Sri Lanka - Rotary Converters - Market Analysis, Forecast, Size, Trends and Insights

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Sri Lanka: Electric Rotary Converter Market 2024

Electric Rotary Converter Market Size in Sri Lanka

The Sri Lankan electric rotary converter market soared to $X in 2021, rising by 3,096% against the previous year. In general, consumption recorded a pronounced increase. Electric rotary converter consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Electric Rotary Converter Production in Sri Lanka

In value terms, electric rotary converter production fell to $X in 2021 estimated in export price. Over the period under review, the total production indicated perceptible growth from 2012 to 2021: its value increased at an average annual rate of +3.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +33.9% against 2017 indices. The growth pace was the most rapid in 2020 with an increase of 24% against the previous year. As a result, production attained the peak level of $X, and then dropped in the following year.

Electric Rotary Converter Exports

Exports from Sri Lanka

In 2020, shipments abroad of electric rotary converters increased by 6,400% to X units, rising for the fifth year in a row after three years of decline. In general, exports posted a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, electric rotary converter exports skyrocketed to $X in 2020. Over the period under review, exports posted a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

From 2012 to 2021, the average annual rate of growth in terms of volume to No country was relatively modest.

In value terms, India ($X) emerged as the key foreign market for electric rotary converters exports from Sri Lanka, comprising 89% of total exports. The second position in the ranking was taken by Maldives ($X), with a 7.8% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to India stood at -35.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Maldives (+36.1% per year) and Germany (-35.5% per year).

Export Prices by Country

In 2020, the average electric rotary converter export price amounted to $X per unit, rising by 50% against the previous year. Overall, the export price continues to indicate a perceptible increase. The pace of growth was the most pronounced in 2019 when the average export price increased by 62%. The export price peaked in 2020 and is expected to retain growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was Denmark ($X per unit), while the average price for exports to the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Maldives (+21.0%), while the prices for the other major destinations experienced a decline.

Electric Rotary Converter Imports

Imports into Sri Lanka

In 2021, the amount of electric rotary converters imported into Sri Lanka fell sharply to X units, which is down by -53.2% against the year before. Overall, imports, however, enjoyed a resilient increase. The pace of growth appeared the most rapid in 2014 when imports increased by 492%. Imports peaked at X units in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, electric rotary converter imports dropped dramatically to $X in 2021. In general, imports, however, saw modest growth. The growth pace was the most rapid in 2014 with an increase of 390%. Imports peaked at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

India (X units), Japan (X units) and Hong Kong SAR (X units) were the main suppliers of electric rotary converter imports to Sri Lanka, with a combined 50% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Hong Kong SAR (with a CAGR of +24.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest electric rotary converter suppliers to Sri Lanka were the United States ($X), India ($X) and Japan ($X), with a combined 44% share of total imports.

India, with a CAGR of +101.8%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average electric rotary converter import price stood at $X per unit in 2021, dropping by -35.5% against the previous year. Overall, the import price continues to indicate a perceptible decrease. The pace of growth appeared the most rapid in 2018 when the average import price increased by 38%. The import price peaked at $X per unit in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was France ($X per unit), while the price for Hong Kong SAR ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+82.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for electric rotary converters in the world?

The United States constituted the country with the largest volume of electric rotary converter consumption, comprising approx. 39% of total volume. Moreover, electric rotary converter consumption in the United States exceeded the figures recorded by the second-largest consumer, Mozambique, fourfold. The Netherlands ranked third in terms of total consumption with an 8.2% share.

What are the largest producers of electric rotary converters in the world?

The country with the largest volume of electric rotary converter production was Germany, accounting for 38% of total volume. Moreover, electric rotary converter production in Germany exceeded the figures recorded by the second-largest producer, Hong Kong SAR, twofold. The third position in this ranking was occupied by Vietnam, with a 12% share.

What are the leading suppliers of electric rotary converters to Sri Lanka?

In value terms, the largest electric rotary converter suppliers to Sri Lanka were India, France and Japan, with a combined 42% share of total imports.

What is the average export price for electric rotary converters in Sri Lanka?

The average electric rotary converter export price stood at $1,602 per unit in 2020, which is down by -6.8% against the previous year.

What is the average import price for electric rotary converters in Sri Lanka?

In 2020, the average electric rotary converter import price amounted to $2,120 per unit, with an increase of 2.4% against the previous year.

This report provides an in-depth analysis of the electric rotary converter 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 27113270 - Rotary converters

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:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
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. 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. 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. 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. 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. 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. 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. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
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, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023