Sri Lanka: Swivel Seat Market 2024

Swivel Seat Market Size in Sri Lanka

The Sri Lankan swivel seat market shrank to $X in 2022, with a decrease of -8.3% against the previous year. The market value increased at an average annual rate of +2.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Swivel seat consumption peaked at $X in 2021, and then reduced in the following year.

Swivel Seat Production in Sri Lanka

In value terms, swivel seat production totaled $X in 2022 estimated in export price. In general, the total production indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -1.0% against 2020 indices. The pace of growth appeared the most rapid in 2014 with an increase of 20% against the previous year. Swivel seat production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Swivel Seat Exports

Exports from Sri Lanka

In 2022, the amount of swivel seats with variable height adjustments exported from Sri Lanka skyrocketed to X units, increasing by 21% on 2021. In general, exports recorded a buoyant expansion. The pace of growth was the most pronounced in 2014 with an increase of 119% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, swivel seat exports rose markedly to $X in 2022. Over the period under review, exports continue to indicate a strong increase. The pace of growth appeared the most rapid in 2014 when exports increased by 114% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

India (X units) was the main destination for swivel seat exports from Sri Lanka, accounting for a 84% share of total exports. Moreover, swivel seat exports to India exceeded the volume sent to the second major destination, Ghana (X units), tenfold. The third position in this ranking was held by Seychelles (X units), with a 3.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to India amounted to +10.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ghana (0.0% per year) and Seychelles (+27.8% per year).

In value terms, India ($X) remains the key foreign market for swivel seats with variable height adjustments exports from Sri Lanka, comprising 95% of total exports. The second position in the ranking was taken by Kenya ($X), with a 3% share of total exports. It was followed by Ghana, with a 1.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value to India totaled +12.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kenya (+124.7% per year) and Ghana (0.0% per year).

Export Prices by Country

In 2022, the average swivel seat export price amounted to $X per unit, reducing by -8% against the previous year. Over the last decade, it increased at an average annual rate of +2.0%. The most prominent rate of growth was recorded in 2021 an increase of 26%. As a result, the export price attained the peak level of $X per unit, and then declined in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kenya (+10.6%), while the prices for the other major destinations experienced mixed trend patterns.

Swivel Seat Imports

Imports into Sri Lanka

In 2022, approx. X units of swivel seats with variable height adjustments were imported into Sri Lanka; which is down by -71.2% against the year before. Over the period under review, imports recorded a abrupt setback. The most prominent rate of growth was recorded in 2021 when imports increased by 242%. Imports peaked at X units in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, swivel seat imports fell remarkably to $X in 2022. Overall, imports saw a abrupt slump. The pace of growth appeared the most rapid in 2021 with an increase of 115%. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of swivel seat to Sri Lanka, accounting for a 78% share of total imports. Moreover, swivel seat imports from China exceeded the figures recorded by the second-largest supplier, Malaysia (X units), fourfold. The third position in this ranking was held by India (X units), with a 1.9% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to -4.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (-18.0% per year) and India (+20.0% per year).

In value terms, China ($X) constituted the largest supplier of swivel seats with variable height adjustments to Sri Lanka, comprising 62% of total imports. The second position in the ranking was held by Malaysia ($X), with a 30% share of total imports. It was followed by India, with a 3.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (-13.2% per year) and India (+1.8% per year).

Import Prices by Country

In 2022, the average swivel seat import price amounted to $X per unit, picking up by 29% against the previous year. Overall, the import price enjoyed a temperate expansion. The most prominent rate of growth was recorded in 2018 when the average import price increased by 49% against the previous year. As a result, import price attained the peak level of $X per unit. From 2019 to 2022, the average import prices remained at a somewhat 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 India ($X per unit), while the price for the Czech Republic ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+5.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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