Sri Lanka: Vices And Clamps Market 2025

Vices And Clamps Market Size in Sri Lanka

The Sri Lankan vices and clamps market soared to $X in 2022, growing by 160% 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). Overall, consumption, however, saw a relatively flat trend pattern. Vices and clamps consumption peaked at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Vices And Clamps Exports

Exports from Sri Lanka

In 2022, the amount of vices and clamps exported from Sri Lanka declined remarkably to X kg, with a decrease of -98.5% against the previous year. Over the period under review, exports continue to indicate a perceptible downturn. The growth pace was the most rapid in 2018 when exports increased by 1,561% against the previous year. Over the period under review, the exports hit record highs at X tons in 2021, and then fell sharply in the following year.

In value terms, vices and clamps exports shrank rapidly to $X in 2022. Overall, exports continue to indicate a abrupt curtailment. The growth pace was the most rapid in 2018 with an increase of 2,003% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then shrank sharply in the following year.

Exports by Country

Maldives (X kg), India (X kg) and Seychelles (X kg) were the main destinations of vices and clamps exports from Sri Lanka, together accounting for 93% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Maldives (with a CAGR of +22.3%), while the other leaders experienced mixed trend patterns.

In value terms, Maldives ($X), Singapore ($X) and India ($X) constituted the largest markets for vices and clamps exported from Sri Lanka worldwide, together accounting for 82% of total exports.

In terms of the main countries of destination, Singapore, with a CAGR of +25.1%, 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 vices and clamps export price stood at $X per ton in 2022, rising by 5.5% against the previous year. Over the period under review, the export price, however, recorded a perceptible reduction. The pace of growth was the most pronounced in 2017 when the average export price increased by 35%. Over the period under review, the average export prices reached the maximum at $X per ton in 2020; however, from 2021 to 2022, 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 Singapore ($X per ton), while the average price for exports to India ($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 Singapore (+36.2%), while the prices for the other major destinations experienced more modest paces of growth.

Vices And Clamps Imports

Imports into Sri Lanka

In 2022, the amount of vices and clamps imported into Sri Lanka surged to X tons, jumping by 26% against the previous year's figure. Over the period under review, imports, however, showed a noticeable decrease. The growth pace was the most rapid in 2014 with an increase of 96%. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, vices and clamps imports expanded rapidly to $X in 2022. In general, imports continue to indicate a slight expansion. The growth pace was the most rapid in 2019 with an increase of 83% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of vices and clamps to Sri Lanka, accounting for a 72% share of total imports. Moreover, vices and clamps imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), threefold. The third position in this ranking was taken by Japan (X kg), with a 0.6% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled -2.7%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-3.7% per year) and Japan (-16.0% per year).

In value terms, China ($X) constituted the largest supplier of vices and clamps to Sri Lanka, comprising 65% of total imports. The second position in the ranking was held by India ($X), with a 22% share of total imports. It was followed by the United Arab Emirates, with a 1.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +6.3%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-0.7% per year) and the United Arab Emirates (+9.8% per year).

Import Prices by Country

In 2022, the average vices and clamps import price amounted to $X per ton, waning by -9% against the previous year. In general, import price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, vices and clamps import price increased by +21.1% against 2020 indices. The most prominent rate of growth was recorded in 2015 an increase of 46%. Over the period under review, average import prices attained the maximum at $X per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+20.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :