Report Update: Apr 1, 2024

Sri Lanka - Parachutes And Rotochutes - Market Analysis, Forecast, Size, Trends And Insights

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Parachute Price in Sri Lanka - 2021

Parachute Price in Sri Lanka (FOB) - 2022

In 2022, the average parachute export price amounted to $203,558 per ton, therefore, remained relatively stable against the previous year. Over the period under review, export price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, parachute export price decreased by -0.1% against 2020 indices. The most prominent rate of growth was recorded in 2013 when the average export price increased by 21% against the previous year. The export price peaked at $203,842 per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Switzerland ($303,901 per ton), while the average price for exports to Brazil ($92,969 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 South Africa (+15.8%), while the prices for the other major destinations experienced more modest paces of growth.

Parachute Price in Sri Lanka (CIF) - 2022

The average parachute import price stood at $83,740 per ton in 2022, falling by -15.9% against the previous year. Over the period under review, the import price saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2014 when the average import price increased by 62% against the previous year. As a result, import price attained the peak level of $231,117 per ton. From 2015 to 2022, the average import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for South Africa.

From 2012 to 2022, the rate of growth in terms of prices for Germany amounted to +5.1% per year.

Parachute Exports in Sri Lanka

In 2022, overseas shipments of parachutes and rotochutes were finally on the rise to reach 47 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, saw a abrupt decrease.

In value terms, parachute exports skyrocketed to $9.6M in 2022. In general, exports, however, recorded a deep downturn.

Export of Parachute in Sri Lanka (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Japan	374	467	130	4,528	129.6%
Brazil	54.2	14.5	5.7	1,820	222.6%
Switzerland	833	821	212	1,760	28.3%
New Zealand	76.4	100	23.5	750	114.1%
Turkey	63.8	7.9	22.5	390	82.8%
South Africa	26.1	8.8	8.0	369	141.8%
Germany	2,762	3,907	954	N/A	-41.2%
Austria	4,203	3,179	1,140	N/A	-47.9%
Slovenia	448	474	174	N/A	-37.7%
United States	506	862	343	N/A	-17.7%
France	1,246	1,311	376	N/A	-45.1%
Czech Republic	634	497	236	N/A	-39.0%
Others	474	736	3,222	N/A	160.7%
Total	11,701	12,385	6,845	9,615	-6.3%

Top Export Markets for Parachute from Sri Lanka in 2022:

Brazil (19.6 tons)
Japan (15.3 tons)
Switzerland (5.8 tons)
New Zealand (2.7 tons)
South Africa (2.0 tons)
Turkey (1.9 tons)

Parachute Imports in Sri Lanka

In 2022, imports of parachutes and rotochutes into Sri Lanka skyrocketed to 7.4 tons, rising by 33% compared with the year before. In general, imports, however, showed a pronounced downturn.

In value terms, parachute imports reached $618K in 2022. Over the period under review, imports, however, saw a deep setback.

Import of Parachute in Sri Lanka (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
South Africa	405	83.7	5.4	618	15.1%
South Korea	41.4	66.2	116	N/A	67.4%
Germany	17.9	21.0	29.7	N/A	28.8%
United States	436	484	261	N/A	-22.6%
Others	65.0	27.1	142	N/A	47.8%
Total	966	682	554	618	-13.8%

Top Suppliers of Parachute to Sri Lanka in 2022:

South Africa (7.4 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the parachute 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 13922300 - Parachutes and rotochutes, parts and accessories (including dirigible parachutes)

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