Report Update Nov 1, 2024

Sri Lanka - Winches and Capstans - Market Analysis, Forecast, Size, Trends and Insights

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Sri Lanka: Winche And Capstan Market 2024

Winche And Capstan Market Size in Sri Lanka

The Sri Lankan winche and capstan market fell sharply to $X in 2021, which is down by -46.2% 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 saw a abrupt setback. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Winche And Capstan Exports

Exports from Sri Lanka

Winche and capstan exports from Sri Lanka skyrocketed to X units in 2021, increasing by 354% on 2020. Over the period under review, exports saw significant growth. The pace of growth appeared the most rapid in 2013 when exports increased by 4,000% against the previous year. As a result, the exports attained the peak of X units. From 2014 to 2021, the growth of the exports remained at a lower figure.

In value terms, winche and capstan exports soared to $X in 2021. Overall, exports showed a significant increase. The most prominent rate of growth was recorded in 2013 when exports increased by 3,136% against the previous year. The exports peaked in 2021 and are likely to see gradual growth in the immediate term.

Exports by Country

The United States (X units) was the main destination for winche and capstan exports from Sri Lanka, with a 75% share of total exports. Moreover, winche and capstan exports to the United States exceeded the volume sent to the second major destination, Germany (X units), sixfold. The third position in this ranking was held by India (X units), with a 6.8% share.

From 2012 to 2021, the average annual growth rate of volume to the United States amounted to +145.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+5.2% per year) and India (0.0% per year).

In value terms, the largest markets for winche and capstan exported from Sri Lanka were Germany ($X), the United States ($X) and India ($X), together accounting for 84% of total exports.

Among the main countries of destination, Germany, with a CAGR of +86.5%, recorded the highest rates of growth with regard to 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

In 2021, the average winche and capstan export price amounted to $X per unit, declining by -20.1% against the previous year. Overall, the export price, however, saw buoyant growth. The pace of growth was the most pronounced in 2016 when the average export price increased by 290% against the previous year. The export price peaked at $X per unit in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Germany ($X per unit), while the average price for exports to the United States ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (+15.0%), while the prices for the other major destinations experienced more modest paces of growth.

Winche And Capstan Imports

Imports into Sri Lanka

In 2021, imports of winches and capstans into Sri Lanka contracted remarkably to X units, with a decrease of -57.3% on the previous year. In general, imports saw a abrupt decrease. The pace of growth was the most pronounced in 2013 with an increase of 82%. As a result, imports reached the peak of X units. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, winche and capstan imports shrank sharply to $X in 2021. Overall, imports continue to indicate a abrupt shrinkage. The growth pace was the most rapid in 2013 when imports increased by 63% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports remained at a lower figure.

Imports by Country

China (X units), the Netherlands (X units) and India (X units) were the main suppliers of winche and capstan imports to Sri Lanka, together accounting for 39% of total imports.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +68.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest winche and capstan suppliers to Sri Lanka were India ($X), the Netherlands ($X) and China ($X), with a combined 38% share of total imports.

The Netherlands, with a CAGR of +50.1%, 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 2021, the average winche and capstan import price amounted to $X per unit, growing by 75% against the previous year. Over the period under review, the import price posted a resilient increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was Italy ($X per unit), while the price for Japan ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+11.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for winches and capstans in the world?

The United States remains the largest winche and capstan consuming country worldwide, comprising approx. 62% of total volume. Moreover, winche and capstan consumption in the United States exceeded the figures recorded by the second-largest consumer, China, sevenfold. The third position in this ranking was occupied by India, with a 3.3% share.

What are the largest producers of winches and capstans in the world?

The countries with the highest volumes of winche and capstan production in 2020 were the United States, China and India, together comprising 80% of global production. Japan, South Korea and Germany lagged somewhat behind, together comprising a further 5.9%.

What are the leading suppliers of winches and capstans to Sri Lanka?

In value terms, the largest winche and capstan suppliers to Sri Lanka were China, Japan and Singapore, with a combined 66% share of total imports. Italy, India, the United States and South Korea lagged somewhat behind, together accounting for a further 29%.

What are the leading importers of winches and capstans from Sri Lanka?

In value terms, the largest markets for winche and capstan exported from Sri Lanka were Oman, India and Maldives, with a combined 92% share of total exports.

What is the average export price for winches and capstans in Sri Lanka?

In 2020, the average winche and capstan export price amounted to $724 per unit, which is down by -30.6% against the previous year.

What is the average import price for winches and capstans in Sri Lanka?

In 2020, the average winche and capstan import price amounted to $472 per unit, falling by -23% against the previous year.

This report provides an in-depth analysis of the winche and capstan 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 28221200 - Winches and capstans (excluding those for raising vehicles)

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:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
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. 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. 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. 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. 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. 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. 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. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
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
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