Sri Lanka: Transmission Apparatus Market 2025

Transmission Apparatus Market Size in Sri Lanka

In 2021, the Sri Lankan transmission apparatus market increased by 47% to $X, rising for the second consecutive year after two years of decline. In general, consumption recorded a strong expansion. Transmission apparatus consumption peaked in 2021 and is likely to continue growth in years to come.

Transmission Apparatus Exports

Exports from Sri Lanka

In 2021, approx. X tons of transmission apparatus incorporating reception apparatus were exported from Sri Lanka; shrinking by -29% against 2020 figures. Overall, exports, however, saw a buoyant increase. The growth pace was the most rapid in 2013 with an increase of 356% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, transmission apparatus exports declined significantly to $X in 2021. In general, exports, however, continue to indicate a prominent expansion. The growth pace was the most rapid in 2020 with an increase of 225%. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

Exports by Country

Oman (X kg), the United Arab Emirates (X kg) and Hong Kong SAR (X kg) were the main destinations of transmission apparatus exports from Sri Lanka, with a combined 84% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Oman (with a CAGR of +103.3%), while the other leaders experienced more modest paces of growth.

In value terms, Oman ($X) emerged as the key foreign market for transmission apparatus incorporating reception apparatus exports from Sri Lanka, comprising 57% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 21% share of total exports. It was followed by Hong Kong SAR, with a 7.3% share.

From 2012 to 2021, the average annual growth rate of value to Oman totaled +94.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+54.3% per year) and Hong Kong SAR (-14.4% per year).

Export Prices by Country

The average transmission apparatus export price stood at $X per ton in 2021, with a decrease of -41.4% against the previous year. Overall, the export price recorded a deep slump. The pace of growth was the most pronounced in 2020 when the average export price increased by 229%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, 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 Maldives ($X per ton), while the average price for exports to Thailand ($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 Maldives (+7.5%), while the prices for the other major destinations experienced more modest paces of growth.

Transmission Apparatus Imports

Imports into Sri Lanka

In 2021, supplies from abroad of transmission apparatus incorporating reception apparatus increased by 37% to X tons, rising for the second consecutive year after three years of decline. Overall, imports enjoyed a prominent increase. The growth pace was the most rapid in 2015 with an increase of 75% against the previous year. Imports peaked in 2021 and are likely to continue growth in the near future.

In value terms, transmission apparatus imports soared to $X in 2021. Over the period under review, imports saw strong growth. The growth pace was the most rapid in 2015 when imports increased by 58% against the previous year. Imports peaked in 2021 and are likely to continue growth in years to come.

Imports by Country

China (X tons), Vietnam (X tons) and India (X tons) were the main suppliers of transmission apparatus imports to Sri Lanka, with a combined 76% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Vietnam (with a CAGR of +33.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest transmission apparatus suppliers to Sri Lanka were China ($X), Vietnam ($X) and India ($X), with a combined 78% share of total imports.

In terms of the main suppliers, Vietnam, with a CAGR of +43.2%, recorded the highest growth rate of 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 transmission apparatus import price amounted to $X per ton, picking up by 11% against the previous year. Overall, import price indicated strong growth from 2012 to 2021: its price increased at an average annual rate of +7.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, transmission apparatus import price decreased by -6.0% against 2018 indices. The most prominent rate of growth was recorded in 2018 when the average import price increased by 33%. As a result, import price reached the peak level of $X per ton. From 2019 to 2021, the average import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from Singapore ($X per ton) and India ($X per ton), while the price for Hong Kong SAR ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+8.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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