Report Sri Lanka - Transmission Shafts and Cranks, Bearing Housings and Plain Shaft Bearings, Gears and Gearing and Articulated Link Chain - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Nov 1, 2024

Sri Lanka - Transmission Shafts and Cranks, Bearing Housings and Plain Shaft Bearings, Gears and Gearing and Articulated Link Chain - Market Analysis, Forecast, Size, Trends and Insights

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Sri Lanka: Transmission Shaft Market 2024

Transmission Shaft Market Size in Sri Lanka

After four years of growth, the Sri Lankan transmission shaft market decreased by -41.8% to $X in 2022. Over the period under review, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2021, and then contracted sharply in the following year.

Transmission Shaft Exports

Exports from Sri Lanka

In 2022, approx. X tons of transmission shafts and cranks, bearing housings and plain shaft bearings, gears and gearing and articulated link chain were exported from Sri Lanka; waning by -20.3% compared with 2021 figures. In general, exports saw a precipitous shrinkage. The most prominent rate of growth was recorded in 2016 when exports increased by 122% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, transmission shaft exports expanded remarkably to $X in 2022. Overall, exports recorded a drastic downturn. The growth pace was the most rapid in 2020 with an increase of 101% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Italy (X tons) was the main destination for transmission shaft exports from Sri Lanka, with a 36% share of total exports. Moreover, transmission shaft exports to Italy exceeded the volume sent to the second major destination, Seychelles (X tons), threefold. Maldives (X kg) ranked third in terms of total exports with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Italy totaled +73.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Seychelles (+27.8% per year) and Maldives (+4.1% per year).

In value terms, the largest markets for transmission shaft exported from Sri Lanka were Italy ($X), Maldives ($X) and Russia ($X), with a combined 77% share of total exports.

In terms of the main countries of destination, Russia, with a CAGR of +117.1%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average transmission shaft export price stood at $X per ton in 2022, increasing by 42% against the previous year. Over the period under review, the export price posted resilient growth. The pace of growth appeared the most rapid in 2019 an increase of 252%. Over the period under review, the average export prices hit record highs at $X per ton in 2020; however, from 2021 to 2022, 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 Russia ($X per ton), while the average price for exports to Denmark ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+18.0%), while the prices for the other major destinations experienced more modest paces of growth.

Transmission Shaft Imports

Imports into Sri Lanka

After two years of growth, supplies from abroad of transmission shafts and cranks, bearing housings and plain shaft bearings, gears and gearing and articulated link chain decreased by -36% to X tons in 2022. Over the period under review, imports continue to indicate a mild downturn. The growth pace was the most rapid in 2021 when imports increased by 42% against the previous year. As a result, imports reached the peak of X tons, and then shrank markedly in the following year.

In value terms, transmission shaft imports dropped significantly to $X in 2022. Overall, imports recorded a slight setback. The most prominent rate of growth was recorded in 2021 when imports increased by 43% against the previous year. As a result, imports reached the peak of $X, and then reduced rapidly in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of transmission shaft to Sri Lanka, with a 57% share of total imports. Moreover, transmission shaft imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), fourfold. The third position in this ranking was held by Germany (X tons), with a 5.3% share.

From 2012 to 2022, the average annual growth rate of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: India (-5.3% per year) and Germany (-2.0% per year).

In value terms, the largest transmission shaft suppliers to Sri Lanka were China ($X), India ($X) and Germany ($X), with a combined 64% share of total imports. Japan, Italy, Hong Kong SAR, South Korea, Taiwan (Chinese) and Singapore lagged somewhat behind, together comprising a further 19%.

Hong Kong SAR, with a CAGR of +20.4%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average transmission shaft import price amounted to $X per ton, reducing by -11.5% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the average import price increased by 35% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the average import prices remained at a 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 Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+3.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

The countries with the highest volumes of in 2021 were South Africa, China and Mexico, with a combined 63% share of global consumption.
China constituted the country with the largest volume of transmission shaft production, accounting for 47% of total volume. Moreover, transmission shaft production in China exceeded the figures recorded by the second-largest producer, Germany, fourfold. The third position in this ranking was occupied by Mexico, with an 8.8% share.
In value terms, the largest transmission shaft suppliers to Sri Lanka were India, China and Germany, together accounting for 59% of total imports. These countries were followed by Japan, Singapore, the United States, Italy and South Korea, which together accounted for a further 23%.
In value terms, Maldives, India and Germany were the largest markets for transmission shaft exported from Sri Lanka worldwide, with a combined 45% share of total exports. These countries were followed by South Korea, the Netherlands, Turkey, Malaysia, China, Singapore, Canada, Seychelles and Chile, which together accounted for a further 39%.
In 2021, the average transmission shaft export price amounted to $12,589 per ton, falling by -8.3% against the previous year.
In 2021, the average transmission shaft import price amounted to $9,847 per ton, rising by 14% against the previous year.

This report provides an in-depth analysis of the transmission shaft market in Sri Lanka. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 28152130 - Iron or steel roller chain of a kind used for cycles and motor cycles
  • Prodcom 28152150 - Iron or steel roller chain (excluding of a kind used for cycles or motor-cycles)
  • Prodcom 28152170 - Iron or steel articulated link chain (excluding roller chain)
  • Prodcom 28152230 - Cranks and crankshafts
  • Prodcom 28152250 - Cardan shafts
  • Prodcom 28152270 - Other shafts
  • Prodcom 28152330 - Bearing housings incorporating ball or roller bearings
  • Prodcom 28152350 - Bearing housings not incorporating ball or roller bearings, p lain shaft bearings
  • Prodcom 28152432 - Gear boxes for stationary equipment, spur and helical gear boxes
  • Prodcom 28152433 - Gear boxes ..., bevel and bevel/spur and helical gear boxes
  • Prodcom 28152434 - Gear boxes ..., worm gear boxes
  • Prodcom 28152440 - Other gear boxes
  • Prodcom 28152450 - Gearboxes and other speed changers for machinery and land/sea vehicles excluding gears and gearing
  • Prodcom 28152473 - Ball or roller screws
  • Prodcom 28152475 - Other transmission elements (excluding gears and gearing, b all or roller screws, gearboxes and other speed changers)
  • Prodcom 28152500 - Flywheels and pulleys (including pulley blocks)
  • Prodcom 28152600 - Clutches and shaft couplings (including universal joints)
  • Prodcom 28153930 - Parts of bearing housings
  • Prodcom 28153950 - Parts of transmission, cam and crankshafts, cranks, plain shaft bearings, gears, ball/roller screws, gearboxes, torque converters, flywheels, pulleys, clutches, shaft couplings, u niversal joints

Country coverage:

  • Sri Lanka

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Sri Lanka
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023

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