Sri Lanka - Machinery For The Preparation Or Manufacture Of Food Or Drink - Market Analysis, Forecast, Size, Trends And Insights
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View PricingFood Manufacture Machinery Price in Sri Lanka - 2021
Contents:
- Food Manufacture Machinery Price in Sri Lanka (CIF) - 2022
- Food Manufacture Machinery Price in Sri Lanka (FOB) - 2022
- Food Manufacture Machinery Imports in Sri Lanka
- Food Manufacture Machinery Exports in Sri Lanka
Food Manufacture Machinery Price in Sri Lanka (CIF) - 2022
In 2022, the average food manufacture machinery import price amounted to $4,904 per unit, with an increase of 20% against the previous year. Overall, the import price enjoyed a strong expansion. The growth pace was the most rapid in 2017 when the average import price increased by 74%. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in years to come.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Germany ($4,907 per unit) and India ($4,907 per unit), while the price for China ($4,907 per unit) and Taiwan (Chinese) ($4,907 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+25.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Food Manufacture Machinery Price in Sri Lanka (FOB) - 2022
In 2022, the average food manufacture machinery export price amounted to $5,295 per unit, waning by -7.9% against the previous year. In general, export price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, food manufacture machinery export price increased by +72.2% against 2017 indices. The most prominent rate of growth was recorded in 2020 an increase of 38% against the previous year. The export price peaked at $5,750 per unit in 2021, and then shrank in the following year.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Japan ($5,296 per unit) and Tanzania ($5,295 per unit), while the average price for exports to Portugal ($5,295 per unit) and Norway ($5,295 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 Ethiopia (+30.8%), while the prices for the other major destinations experienced more modest paces of growth.
Food Manufacture Machinery Imports in Sri Lanka
For the third year in a row, Sri Lanka recorded decline in purchases abroad of machinery for the preparation or manufacture of food or drink, which decreased by -56.2% to 1.2K units in 2022. Overall, imports faced a dramatic contraction. The smallest decline of -13.9% was in 2021. Over the period under review, imports attained the maximum at 3.8K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, food manufacture machinery imports contracted markedly to $5.7M in 2022. Over the period under review, imports showed a drastic downturn. The pace of growth appeared the most rapid in 2020 with an increase of 22%. Imports peaked at $11M in 2021, and then declined markedly in the following year.
Import of Food Manufacture Machinery in Sri Lanka (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 0.9 | 2.3 | 4.2 | 3.9 | 63.0% |
India | 2.4 | 6.0 | 2.1 | 1.1 | -22.9% |
United States | 0.1 | 0.1 | 0.2 | 0.2 | 26.0% |
Taiwan (Chinese) | 0.6 | 1.4 | 2.8 | 0.2 | -30.7% |
United Kingdom | 1.8 | N/A | 0.1 | 0.1 | -61.8% |
Others | 2.6 | 0.5 | 1.5 | 0.3 | -51.3% |
Total | 8.4 | 10.3 | 10.8 | 5.7 | -12.1% |
Top Suppliers of Food Manufacture Machinery to Sri Lanka in 2022:
- China (804.0 units)
- India (221.0 units)
- United States (42.0 units)
- Taiwan (Chinese) (31.0 units)
- United Kingdom (11.0 units)
Food Manufacture Machinery Exports in Sri Lanka
In 2022, approx. 35 units of machinery for the preparation or manufacture of food or drink were exported from Sri Lanka; dropping by -67% against 2021. Over the period under review, exports recorded a precipitous curtailment. The growth pace was the most rapid in 2021 with an increase of 49% against the previous year. The exports peaked at 120 units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, food manufacture machinery exports reduced remarkably to $188K in 2022. Overall, exports showed a sharp setback. The pace of growth was the most pronounced in 2021 with an increase of 82%. As a result, the exports reached the peak of $609K, and then contracted markedly in the following year.
Export of Food Manufacture Machinery in Sri Lanka (Thousand USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Norway | N/A | N/A | N/A | 40.5 | 0% |
Denmark | N/A | N/A | N/A | 31.8 | 0% |
India | 39.8 | 62.3 | 132 | 24.9 | -14.5% |
Tanzania | 9.0 | N/A | N/A | 20.4 | 31.4% |
Philippines | 0.4 | N/A | 3.9 | 17.9 | 255.0% |
Kenya | 95.0 | N/A | 57.6 | 16.3 | -44.4% |
Portugal | N/A | N/A | N/A | 13.1 | 0% |
United Arab Emirates | N/A | N/A | N/A | 12.8 | 0% |
Indonesia | 224 | 0.9 | 5.9 | 0.1 | -92.4% |
Rwanda | 17.3 | N/A | 30.8 | N/A | 33.4% |
Ethiopia | N/A | 81.7 | 365 | N/A | 346.8% |
Others | 23.3 | 189 | 13.9 | 9.9 | -24.8% |
Total | 409 | 334 | 609 | 188 | -22.8% |
Top Export Markets for Food Manufacture Machinery from Sri Lanka in 2022:
- Norway (8.0 units)
- Denmark (6.0 units)
- India (5.0 units)
- Tanzania (4.0 units)
- Kenya (3.0 units)
- Philippines (3.0 units)
- Portugal (2.0 units)
- United Arab Emirates (2.0 units)
This report provides an in-depth analysis of the food manufacture machinery 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 28931770 - Machinery for the preparation or manufacture of food or drink, n .e.c.
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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