Report Update Jan 1, 2025

Sri Lanka - Spades and Shovels - Market Analysis, Forecast, Size, Trends and Insights

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Sri Lanka: Spades And Shovels Market 2025

Spades And Shovels Market Size in Sri Lanka

The Sri Lankan spades and shovels market skyrocketed to $X in 2021, picking up by 330% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption showed a significant increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Spades And Shovels Exports

Exports from Sri Lanka

In 2021, shipments abroad of spades and shovels decreased by -49.1% to X kg, falling for the second year in a row after six years of growth. In general, exports saw a abrupt slump. The most prominent rate of growth was recorded in 2016 with an increase of 275% against the previous year. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, spades and shovels exports dropped notably to $X in 2021. Over the period under review, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when exports increased by 243% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Oman (X kg) was the main destination for spades and shovels exports from Sri Lanka, accounting for a 86% share of total exports. Moreover, spades and shovels exports to Oman exceeded the volume sent to the second major destination, Maldives (X kg), more than tenfold. Uganda (X kg) ranked third in terms of total exports with a 3.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Oman was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Maldives (-32.4% per year) and Uganda (-16.1% per year).

In value terms, Oman ($X) emerged as the key foreign market for spades and shovels exports from Sri Lanka, comprising 81% of total exports. The second position in the ranking was taken by Rwanda ($X), with a 7.9% share of total exports. It was followed by Maldives, with a 3.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Oman was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Rwanda (-22.6% per year) and Maldives (-28.9% per year).

Export Prices by Country

The average spades and shovels export price stood at $X per ton in 2021, surging by 15% against the previous year. Over the period under review, the export price posted prominent growth. The most prominent rate of growth was recorded in 2020 when the average export price increased by 111%. The export price peaked in 2021 and is likely to see steady growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Rwanda ($X per ton), while the average price for exports to Uganda ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Rwanda (+161.5%), while the prices for the other major destinations experienced more modest paces of growth.

Spades And Shovels Imports

Imports into Sri Lanka

In 2021, spades and shovels imports into Sri Lanka skyrocketed to X tons, jumping by 460% on the previous year. Over the period under review, imports posted a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, spades and shovels imports skyrocketed to $X in 2021. Overall, imports recorded significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) was the main supplier of spades and shovels to Sri Lanka, accounting for a approx. 100% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +20.8%.

In value terms, China ($X) constituted the largest supplier of spades and shovels to Sri Lanka.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +28.1%.

Import Prices by Country

The average spades and shovels import price stood at $X per ton in 2021, falling by -34.4% against the previous year. In general, the import price, however, posted a prominent increase. The pace of growth appeared the most rapid in 2020 an increase of 51%. As a result, import price reached the peak level of $X per ton, and then reduced remarkably in the following year.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2021, the rate of growth in terms of prices for China amounted to +6.0% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for spades and shovels in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, with a combined 36% share of global consumption. These countries were followed by Mexico, Japan, Germany, Indonesia, Togo, the UK, Brazil, Russia and Turkey, which together accounted for a further 25%.

What are the largest producers of spades and shovels in the world?

China constituted the country with the largest volume of spades and shovels production, comprising approx. 54% of total volume. Moreover, spades and shovels production in China exceeded the figures recorded by the second-largest producer, India, sevenfold. The third position in this ranking was occupied by Mexico, with a 6% share.

What are the leading suppliers of spades and shovels to Sri Lanka?

In value terms, China constituted the largest supplier of spades and shovels to Sri Lanka.

What are the leading importers of spades and shovels from Sri Lanka?

In value terms, Maldives $311) emerged as the key foreign market for spades and shovels exports from Sri Lanka, comprising 37% of total exports. The second position in the ranking was occupied by Canada $138), with a 16% share of total exports. It was followed by Singapore, with a 12% share.

What is the average export price for spades and shovels in Sri Lanka?

The average spades and shovels export price stood at $1,564 per ton in 2021, reducing by -27.9% against the previous year.

What is the average import price for spades and shovels in Sri Lanka?

In 2021, the average spades and shovels import price amounted to $2,238 per ton, declining by -15.8% against the previous year.

This report provides an in-depth analysis of the spades and shovels 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 25731010 - Spades and shovels

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