Sri Lanka: Market for Tailor Dummies And Automata 2024

Market Size for Tailor Dummies And Automata in Sri Lanka

The Sri Lankan tailor dummies and automata market was finally on the rise to reach $X in 2021, after three years of decline. Over the period under review, consumption enjoyed a mild expansion. Over the period under review, the market attained the maximum level at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Exports of Tailor Dummies And Automata

Exports from Sri Lanka

In 2021, overseas shipments of tailor dummies and automata were finally on the rise to reach X kg after two years of decline. Over the period under review, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 240% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, tailor dummies and automata exports skyrocketed to $X in 2021. Overall, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of 185% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Kuwait (X kg), Oman (X kg) and Maldives (X kg) were the main destinations of tailor dummies and automata exports from Sri Lanka, with a combined 57% share of total exports. These countries were followed by Australia, Papua New Guinea, the United Arab Emirates, Bangladesh, India, the Philippines, Singapore, Turkey, France and the UK, which together accounted for a further 27%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Bangladesh (with a CAGR of +26.8%), while the other leaders experienced more modest paces of growth.

In value terms, Bangladesh ($X) remains the key foreign market for tailor dummies and automata exports from Sri Lanka, comprising 33% of total exports. The second position in the ranking was held by Maldives ($X), with a 12% share of total exports. It was followed by Kuwait, with a 9.5% share.

From 2012 to 2021, the average annual growth rate of value to Bangladesh amounted to +51.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Maldives (+22.4% per year) and Kuwait (+8.4% per year).

Export Prices by Country

In 2021, the average tailor dummies and automata export price amounted to $X per ton, falling by -2% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 an increase of 69% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the average export prices remained at a lower figure.

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 Bangladesh ($X per ton), while the average price for exports to the UK ($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 Bangladesh (+22.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Tailor Dummies And Automata

Imports into Sri Lanka

In 2021, supplies from abroad of tailor dummies and automata was finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. In general, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 73% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, tailor dummies and automata imports skyrocketed to $X in 2021. Overall, imports posted measured growth. The pace of growth was the most pronounced in 2013 with an increase of 93% against the previous year. Over the period under review, imports reached the peak figure at $X in 2017; however, from 2018 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest tailor dummies and automata supplier to Sri Lanka, accounting for a 66% share of total imports. Moreover, tailor dummies and automata imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X tons), fivefold. The third position in this ranking was held by India (X tons), with an 8.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to -1.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+13.6% per year) and India (+0.4% per year).

In value terms, China ($X), Hong Kong SAR ($X) and India ($X) were the largest tailor dummies and automata suppliers to Sri Lanka, with a combined 77% share of total imports. Thailand lagged somewhat behind, accounting for a further 4.2%.

Among the main suppliers, Thailand, with a CAGR of +12.2%, 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 more modest paces of growth.

Import Prices by Country

In 2021, the average tailor dummies and automata import price amounted to $X per ton, surging by 15% against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.1%. The pace of growth appeared the most rapid in 2014 an increase of 31%. As a result, import price reached the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Hong Kong SAR ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+8.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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