Sri Lanka: Spectrometers And Spectrophotometers Market 2025

Spectrometers And Spectrophotometers Market Size in Sri Lanka

The Sri Lankan spectrometers and spectrophotometers market declined rapidly to $X in 2022, waning by X% 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). Over the period under review, consumption showed a mild slump. Spectrometers and spectrophotometers consumption peaked at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Spectrometers And Spectrophotometers Exports

Exports from Sri Lanka

In 2022, spectrometers and spectrophotometers exports from Sri Lanka reduced rapidly to X units, with a decrease of X% on the previous year. Overall, exports faced a abrupt setback. The most prominent rate of growth was recorded in 2019 with an increase of X%. As a result, the exports reached the peak of X units. From 2020 to 2022, the growth of the exports failed to regain momentum.

In value terms, spectrometers and spectrophotometers exports contracted rapidly to $X in 2022. Over the period under review, exports saw a abrupt downturn. The pace of growth was the most pronounced in 2015 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Hong Kong SAR (X units) and South Korea (X units) were the main destinations of spectrometers and spectrophotometers exports from Sri Lanka.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by South Korea (with a CAGR of X%).

In value terms, Hong Kong SAR ($X) emerged as the key foreign market for spectrometers and spectrophotometers exports from Sri Lanka, comprising X% of total exports. The second position in the ranking was taken by South Korea ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Hong Kong SAR amounted to X%.

Export Prices by Country

The average spectrometers and spectrophotometers export price stood at $X per unit in 2022, reducing by X% against the previous year. In general, the export price saw a pronounced curtailment. The pace of growth was the most pronounced in 2015 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per unit), while the average price for exports to South Korea amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (X%), while the prices for the other major destinations experienced more modest paces of growth.

Spectrometers And Spectrophotometers Imports

Imports into Sri Lanka

In 2022, approx. X units of spectrometers and spectrophotometers were imported into Sri Lanka; falling by X% compared with the previous year. Over the period under review, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Imports peaked at X units in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, spectrometers and spectrophotometers imports contracted sharply to $X in 2022. In general, imports showed a slight decrease. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then reduced sharply in the following year.

Imports by Country

India (X units), the United States (X units) and Japan (X units) were the main suppliers of spectrometers and spectrophotometers imports to Sri Lanka, together accounting for X% of total imports. Singapore, the Czech Republic, Germany, China and the UK lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Singapore (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest spectrometers and spectrophotometers suppliers to Sri Lanka were the United States ($X), China ($X) and Japan ($X), with a combined X% share of total imports. Singapore, Germany, India, the UK and the Czech Republic lagged somewhat behind, together comprising a further X%.

Singapore, with a CAGR of X%, saw 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

In 2022, the average spectrometers and spectrophotometers import price amounted to $X per unit, which is down by X% against the previous year. In general, the import price continues to indicate a slight descent. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. The import price peaked at $X per unit in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per unit), while the price for India ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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