Sri Lanka: Stone Sawing Machine Market 2025

Stone Sawing Machine Market Size in Sri Lanka

After two years of decline, the Sri Lankan stone sawing machine market increased by 173% to $X in 2021. Over the period under review, consumption, however, showed a mild setback. Stone sawing machine consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Stone Sawing Machine Exports

Exports from Sri Lanka

In 2021, the amount of sawing machines for working stone, ceramics and concrete exported from Sri Lanka was estimated at X units, approximately mirroring the previous year. Overall, exports showed a deep contraction. The pace of growth appeared the most rapid in 2016 with an increase of 1,150% against the previous year. As a result, the exports attained the peak of X units. From 2017 to 2021, the growth of the exports remained at a lower figure.

In value terms, stone sawing machine exports soared to $X in 2021. Over the period under review, exports recorded a abrupt setback. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Oman (X units) was the main destination for stone sawing machine exports from Sri Lanka, accounting for a approx. 50% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Oman was relatively modest.

In value terms, India ($X) remains the key foreign market for sawing machines for working stone, ceramics and concrete exports from Sri Lanka, comprising 63% of total exports. The second position in the ranking was taken by Oman ($X), with a 30% share of total exports. It was followed by Thailand, with a 7.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to India totaled -6.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Oman (0.0% per year) and Thailand (-33.4% per year).

Export Prices by Country

In 2021, the average stone sawing machine export price amounted to $X per unit, dropping by -48.3% against the previous year. In general, the export price, however, showed a noticeable increase. The most prominent rate of growth was recorded in 2018 when the average export price increased by 477% against the previous year. The export price peaked at $X per unit in 2015; however, from 2016 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was India ($X per unit), while the average price for exports to Maldives ($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 India (+28.6%), while the prices for the other major destinations experienced a decline.

Stone Sawing Machine Imports

Imports into Sri Lanka

In 2021, purchases abroad of sawing machines for working stone, ceramics and concrete was finally on the rise to reach X units after three years of decline. Over the period under review, imports, however, continue to indicate a noticeable curtailment. Imports peaked at X units in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, stone sawing machine imports surged to $X in 2021. In general, imports saw a relatively flat trend pattern. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X units) constituted the largest stone sawing machine supplier to Sri Lanka, accounting for a 43% share of total imports. Moreover, stone sawing machine imports from China exceeded the figures recorded by the second-largest supplier, Japan (X units), threefold. India (X units) ranked third in terms of total imports with a 7.6% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled -4.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+35.0% per year) and India (-18.9% per year).

In value terms, China ($X), Turkey ($X) and Thailand ($X) constituted the largest stone sawing machine suppliers to Sri Lanka, together comprising 67% of total imports. These countries were followed by India, Spain, the United Arab Emirates, Japan and Singapore, which together accounted for a further 12%.

Japan, with a CAGR of +77.9%, recorded the highest growth rate of 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

In 2021, the average stone sawing machine import price amounted to $X per unit, surging by 30% against the previous year. In general, the import price recorded resilient growth. The growth pace was the most rapid in 2018 an increase of 86%. As a result, import price attained the peak level of $X per unit. From 2019 to 2021, the average import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+17.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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