Sri Lanka: Telephonic Switching Apparatus Market 2024

Telephonic Switching Apparatus Market Size in Sri Lanka

The Sri Lankan telephonic switching apparatus market reduced remarkably to $X in 2022, shrinking by -56.1% 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, however, saw a buoyant expansion. Telephonic switching apparatus consumption peaked at $X in 2021, and then declined sharply in the following year.

Telephonic Switching Apparatus Exports

Exports from Sri Lanka

In 2022, the amount of telephonic or telegraphic switching apparatus exported from Sri Lanka amounted to X units, with an increase of 15% compared with the previous year's figure. Overall, exports, however, recorded a deep setback. The most prominent rate of growth was recorded in 2020 when exports increased by 77% against the previous year. As a result, the exports reached the peak of X units. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, telephonic switching apparatus exports rose sharply to $X in 2022. In general, exports posted a slight expansion. The most prominent rate of growth was recorded in 2018 when exports increased by 81% against the previous year. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Switzerland (X units) was the main destination for telephonic switching apparatus exports from Sri Lanka, accounting for a 38% share of total exports. Moreover, telephonic switching apparatus exports to Switzerland exceeded the volume sent to the second major destination, Singapore (X units), twofold. The third position in this ranking was taken by the United Arab Emirates (X units), with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Switzerland stood at +7.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (+55.1% per year) and the United Arab Emirates (+20.8% per year).

In value terms, Switzerland ($X) emerged as the key foreign market for telephonic or telegraphic switching apparatus exports from Sri Lanka, comprising 38% of total exports. The second position in the ranking was held by Singapore ($X), with a 17% share of total exports. It was followed by the United Arab Emirates, with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Switzerland amounted to +9.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (+53.8% per year) and the United Arab Emirates (+32.3% per year).

Export Prices by Country

In 2022, the average telephonic switching apparatus export price amounted to $X per unit, with a decrease of -6.1% against the previous year. In general, the export price, however, showed a prominent increase. The most prominent rate of growth was recorded in 2013 when the average export price increased by 178%. The export price peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the United Arab Emirates ($X per unit) and Malaysia ($X per unit), while the average price for exports to Singapore ($X per unit) and Hungary ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hungary (+19.4%), while the prices for the other major destinations experienced more modest paces of growth.

Telephonic Switching Apparatus Imports

Imports into Sri Lanka

In 2022, telephonic switching apparatus imports into Sri Lanka reduced sharply to X units, falling by -55.8% compared with the year before. Over the period under review, imports, however, posted strong growth. The pace of growth appeared the most rapid in 2013 with an increase of 236% against the previous year. Over the period under review, imports attained the maximum at X units in 2021, and then dropped rapidly in the following year.

In value terms, telephonic switching apparatus imports declined markedly to $X in 2022. Overall, imports showed a slight curtailment. The pace of growth was the most pronounced in 2019 when imports increased by 82%. Imports peaked at $X in 2021, and then dropped sharply in the following year.

Imports by Country

In 2022, China (X units) constituted the largest telephonic switching apparatus supplier to Sri Lanka, with a 82% share of total imports. Moreover, telephonic switching apparatus imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), more than tenfold. The third position in this ranking was taken by Taiwan (Chinese) (X units), with a 2.5% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +2.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+7.7% per year) and Taiwan (Chinese) (+18.5% per year).

In value terms, China ($X) constituted the largest supplier of telephonic or telegraphic switching apparatus to Sri Lanka, comprising 82% of total imports. The second position in the ranking was taken by the United States ($X), with a 2.9% share of total imports. It was followed by Taiwan (Chinese), with a 2.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +2.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+7.5% per year) and Taiwan (Chinese) (+17.9% per year).

Import Prices by Country

In 2022, the average telephonic switching apparatus import price amounted to $X per unit, increasing by 6.6% against the previous year. Overall, the import price, however, saw a abrupt descent. The growth pace was the most rapid in 2019 when the average import price increased by 13%. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Sweden ($X per unit) and the United States ($X per unit), while the price for Singapore ($X per unit) and China ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+6.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :