Report Update Feb 1, 2025

Sri Lanka - Ships, Vessels, Ferry-Boats for the Transport of Persons - Market Analysis, Forecast, Size, Trends and Insights

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Sri Lanka: Shipping Market 2025

Shipping Market Size in Sri Lanka

The Sri Lankan shipping market expanded rapidly to $X in 2021, picking up by 7% against the previous year. In general, consumption, however, saw a buoyant expansion. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market failed to regain momentum.

Shipping Production in Sri Lanka

In value terms, shipping production rose significantly to $X in 2021 estimated in export price. Overall, production, however, continues to indicate resilient growth. The pace of growth appeared the most rapid in 2019 with an increase of 193% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2021, production growth remained at a somewhat lower figure.

Shipping Exports

Exports from Sri Lanka

In 2021, approx. X units of ships, vessels, ferry-boats for the transport of persons were exported from Sri Lanka; approximately mirroring the previous year's figure. In general, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when exports increased by 200% against the previous year. As a result, the exports reached the peak of X units. From 2020 to 2021, the growth of the exports remained at a lower figure.

In value terms, shipping exports contracted markedly to $X in 2021. Overall, exports saw a significant increase. The pace of growth appeared the most rapid in 2016 when exports increased by 9,039%. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Maldives (X units) was the main destination for shipping exports from Sri Lanka, with a approx. 50% share of total exports.

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

In value terms, India ($X) remains the key foreign market for ships, vessels, ferry-boats for the transport of persons exports from Sri Lanka, comprising 99% of total exports. The second position in the ranking was taken by Maldives ($X), with a 1.2% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to India stood at +37.4%.

Export Prices by Country

In 2021, the average shipping export price amounted to $X per unit, which is down by -34.9% against the previous year. Overall, the export price, however, showed a significant increase. The pace of growth appeared the most rapid in 2016 when the average export price increased by 15,245%. The export price peaked at $X per unit in 2020, and then dropped remarkably in the following year.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was India ($X per unit), while the average price for exports to Maldives amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Seychelles (+7,932.6%), while the prices for the other major destinations experienced more modest paces of growth.

Shipping Imports

Imports into Sri Lanka

After two years of decline, overseas purchases of ships, vessels, ferry-boats for the transport of persons decreased by 0% to X units in 2021. Overall, imports enjoyed a mild expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 200%. Imports peaked at X units in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, shipping imports surged to $X in 2021. Over the period under review, imports recorded a abrupt curtailment. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

The United States (X units), Singapore (X units) and India (X units) were the main suppliers of shipping imports to Sri Lanka, with a combined 93% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Singapore (with a CAGR of +22.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, India ($X), Singapore ($X) and the United States ($X) constituted the largest shipping suppliers to Sri Lanka, together accounting for 98% of total imports.

Among the main suppliers, Singapore, with a CAGR of +3.4%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average shipping import price stood at $X per unit in 2021, with a decrease of -82.7% against the previous year. In general, the import price showed a abrupt shrinkage. The pace of growth was the most pronounced in 2016 an increase of 110% against the previous year. The import price peaked at $X per unit in 2020, and then declined significantly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($X per unit), while the price for the United States ($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 (+47.4%), 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 ships, vessels, ferry-boats for the transport of persons in the world?

The countries with the highest volumes of shipping consumption in 2021 were Italy, France and China, together accounting for 51% of global consumption.

What are the largest producers of ships, vessels, ferry-boats for the transport of persons in the world?

The country with the largest volume of shipping production was Italy, accounting for 50% of total volume. Moreover, shipping production in Italy exceeded the figures recorded by the second-largest producer, France, fivefold. The third position in this ranking was occupied by China, with a 10% share.

What are the leading suppliers of ships, vessels, ferry-boats for the transport of persons to Sri Lanka?

In value terms, India, Singapore and the United Arab Emirates were the largest shipping suppliers to Sri Lanka, together accounting for 99% of total imports.

What are the leading importers of ships, vessels, ferry-boats for the transport of persons from Sri Lanka?

In value terms, India remains the key foreign market for shipping exports from Sri Lanka, comprising 100% of total exports. The second position in the ranking was occupied by Maldives, with a 0.3% share of total exports.

What is the average export price for ships, vessels, ferry-boats for the transport of persons in Sri Lanka?

In 2021, the average shipping export price amounted to $4,161 per unit, shrinking by -16.8% against the previous year.

What is the average import price for ships, vessels, ferry-boats for the transport of persons in Sri Lanka?

In 2021, the average shipping import price amounted to $2,986 per unit, shrinking by -98.3% against the previous year.

This report provides an in-depth analysis of the shipping 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 30112130 - Cruise vessels
Prodcom 30112150 - Ferries

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 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
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 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
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, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024