Sri Lanka - Machine-Tools For Working Any Material By Removal Of Material - Market Analysis, Forecast, Size, Trends and Insights
Report Update: May 1, 2024

Sri Lanka - Machine-Tools For Working Any Material By Removal Of Material - Market Analysis, Forecast, Size, Trends and Insights

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Price for Machine-Tool for Removing Material in Sri Lanka - 2021

Contents:

  1. Price for Machine-Tool for Removing Material in Sri Lanka (CIF) - 2022
  2. Price for Machine-Tool for Removing Material in Sri Lanka (FOB) - 2022
  3. Imports of Machine-Tool for Removing Material in Sri Lanka
  4. Exports of Machine-Tool for Removing Material in Sri Lanka

Price for Machine-Tool for Removing Material in Sri Lanka (CIF) - 2022

The average machine-tool for removing material import price stood at $1,193 per unit in 2022, reducing by -12.6% against the previous year. Over the period under review, the import price showed a noticeable decrease. The most prominent rate of growth was recorded in 2013 when the average import price increased by 35% against the previous year. As a result, import price attained the peak level of $2,455 per unit. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Australia ($1,227 per unit), while the price for China ($708 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+1.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Machine-Tool for Removing Material in Sri Lanka (FOB) - 2022

The average machine-tool for removing material export price stood at $459 per unit in 2022, with an increase of 33% against the previous year. Overall, the export price, however, faced a abrupt setback. The pace of growth appeared the most rapid in 2019 when the average export price increased by 175%. The export price peaked at $4,938 per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($1,232 per unit), while the average price for exports to India ($57 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kenya (+62.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machine-Tool for Removing Material in Sri Lanka

In 2022, after three years of growth, there was significant decline in supplies from abroad of machine-tools for working any material by removal of material, when their volume decreased by -24.6% to 1.8K units. In general, imports, however, saw a significant increase. The pace of growth appeared the most rapid in 2020 when imports increased by 62%. Imports peaked at 2.4K units in 2021, and then reduced rapidly in the following year.

In value terms, machine-tool for removing material imports dropped remarkably to $2.1M in 2022. Overall, imports saw a perceptible descent. The growth pace was the most rapid in 2020 with an increase of 61% against the previous year. As a result, imports attained the peak of $3.7M. From 2021 to 2022, the growth of imports remained at a lower figure.

Import of Machine-Tool for Removing Material in Sri Lanka (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China6379001,1611,10520.2%
Australia0.94.111.7134430.0%
India35.511033.623.2-13.2%
Austria149468453N/A74.4%
Turkey274507576N/A45.0%
Others1,2321,7551,024887-10.4%
Total2,3293,7453,2592,149-2.6%

Top Suppliers of Machine-Tool for Removing Material to Sri Lanka in 2022:

  1. China (1561.0 units)
  2. Australia (109.0 units)
  3. India (31.0 units)

Exports of Machine-Tool for Removing Material in Sri Lanka

Machine-tool for removing material exports from Sri Lanka contracted sharply to 20 units in 2022, declining by -39.4% against the previous year. Over the period under review, exports showed a dramatic slump. The growth pace was the most rapid in 2021 when exports increased by 3.1%. Over the period under review, the exports reached the peak figure at 203 units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, machine-tool for removing material exports fell remarkably to $9.1K in 2022. Overall, exports faced a dramatic decline. Over the period under review, the exports hit record highs at $717K in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Export of Machine-Tool for Removing Material in Sri Lanka (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Kenya2.70.60.75.426.0%
VietnamN/AN/AN/A1.20%
Germany87.40.10.11.0-77.5%
United Arab Emirates0.1N/A0.10.681.7%
Bangladesh1.80.60.40.5-34.8%
India13312.50.30.1-90.9%
France6.20.31.2N/A-56.0%
South Africa3.1N/AN/AN/A0%
Singapore2.01.81.7N/A-7.8%
SeychellesN/AN/AN/AN/A0%
Others4817.67.20.4-90.6%
Total71723.411.69.1-76.7%

Top Export Markets for Machine-Tool for Removing Material from Sri Lanka in 2022:

  1. Kenya (14.0 units)
  2. United Arab Emirates (2.0 units)
  3. Bangladesh (1.0 units)
  4. India (1.0 units)
  5. Vietnam (1.0 units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for machine-tool for removing material 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 28411110 - Machine-tools for working any material by removal of material, operated by laser or other light or photon beam processes
  • Prodcom 28411130 - Machine-tools for working any material by removal of material, operated by ultrasonic processes (excluding machines for the manufacture of semiconductor devices or of electronic integrated circuits)
  • Prodcom 28411150 - Machine tools for working any material by removal of material, operated by electro-discharge processes
  • Prodcom 28411170 - Machine-tools for working any material by removal of material, operated by electro-chemical, electron-beam, ionicbeam or plasma arc processes

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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