Sri Lanka: Telephone Apparatus Market 2024

Telephone Apparatus Market Size in Sri Lanka

The Sri Lankan telephone apparatus market dropped rapidly to $X in 2022, reducing by -71.3% 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). In general, consumption showed a noticeable downturn. As a result, consumption reached the peak level of $X, and then fell markedly in the following year.

Telephone Apparatus Exports

Exports from Sri Lanka

In 2022, shipments abroad of telephone apparatus decreased by -10.9% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, exports showed a abrupt descent. The growth pace was the most rapid in 2019 with an increase of 126% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, telephone apparatus exports amounted to $X in 2022. In general, exports showed a slight shrinkage. The growth pace was the most rapid in 2018 when exports increased by 100% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Hong Kong SAR (X tons) was the main destination for telephone apparatus exports from Sri Lanka, accounting for a 126% share of total exports. Moreover, telephone apparatus exports to Hong Kong SAR exceeded the volume sent to the second major destination, Malaysia (X tons), eightfold. Switzerland (X tons) ranked third in terms of total exports with an 8.2% share.

From 2012 to 2021, the average annual growth rate of volume to Hong Kong SAR stood at +24.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+26.3% per year) and Switzerland (+1.2% per year).

In value terms, Hong Kong SAR ($X) emerged as the key foreign market for telephone apparatus exports from Sri Lanka, comprising 42% of total exports. The second position in the ranking was taken by Switzerland ($X), with an 18% share of total exports. It was followed by Singapore, with an 8.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Hong Kong SAR totaled +7.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (+2.7% per year) and Singapore (+40.9% per year).

Export Prices by Country

The average telephone apparatus export price stood at $X per ton in 2021, picking up by 57% against the previous year. Overall, the export price enjoyed strong growth. The growth pace was the most rapid in 2013 an increase of 144% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Malaysia ($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 Russia (+37.0%), while the prices for the other major destinations experienced more modest paces of growth.

Telephone Apparatus Imports

Imports into Sri Lanka

In 2022, approx. X tons of telephone apparatus were imported into Sri Lanka; which is down by -66.9% on the year before. Over the period under review, imports showed a abrupt slump. The pace of growth appeared the most rapid in 2021 when imports increased by 151% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, telephone apparatus imports declined notably to $X in 2022. In general, imports saw a perceptible descent. The most prominent rate of growth was recorded in 2021 when imports increased by 150% against the previous year. As a result, imports reached the peak of $X, and then reduced sharply in the following year.

Imports by Country

In 2021, China (X tons) constituted the largest telephone apparatus supplier to Sri Lanka, with a 24% share of total imports. Moreover, telephone apparatus imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (X tons), ninefold. India (X tons) ranked third in terms of total imports with a 1.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +6.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+35.1% per year) and India (+8.0% per year).

In value terms, China ($X) constituted the largest supplier of telephone apparatus to Sri Lanka, comprising 73% of total imports. The second position in the ranking was taken by Vietnam ($X), with a 21% share of total imports. It was followed by India, with a 2.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +13.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+45.2% per year) and India (+14.0% per year).

Import Prices by Country

In 2021, the average telephone apparatus import price amounted to $X per ton, flattening at the previous year. In general, import price indicated a pronounced increase from 2012 to 2021: its price increased at an average annual rate of +3.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, telephone apparatus import price decreased by -1.1% against 2019 indices. The pace of growth appeared the most rapid in 2019 an increase of 37%. As a result, import price reached the peak level of $X per ton. From 2020 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Vietnam ($X per ton), while the price for Sweden ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+14.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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