Report Update: Apr 1, 2024

Sri Lanka - Spectrometers And Spectrophotometers - Market Analysis, Forecast, Size, Trends And Insights

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Spectrometers and Spectrophotometers Price in Sri Lanka - 2021

Spectrometers and Spectrophotometers Price in Sri Lanka (CIF) - 2022

The average spectrometers and spectrophotometers import price stood at $2,319 per unit in 2022, rising by 30% against the previous year. Overall, import price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, spectrometers and spectrophotometers import price increased by +77.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of 36% against the previous year. Over the period under review, average import prices hit record highs at $2,685 per unit in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Singapore ($13,576 per unit), while the price for China ($452 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+19.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Spectrometers and Spectrophotometers Price in Sri Lanka (FOB) - 2022

In 2022, the average spectrometers and spectrophotometers export price amounted to $2,599 per unit, approximately mirroring the previous year. Over the period under review, the export price saw a modest increase. The pace of growth appeared the most rapid in 2015 when the average export price increased by 95% against the previous year. The export price peaked at $7,508 per unit in 2018; however, from 2019 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 ($25,404 per unit), while the average price for exports to the Netherlands ($87 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 Finland (+32.2%), while the prices for the other major destinations experienced more modest paces of growth.

Spectrometers and Spectrophotometers Imports in Sri Lanka

In 2022, after three years of growth, there was significant decline in purchases abroad of spectrometers and spectrophotometers, when their volume decreased by -38% to 1.2K units. In general, imports recorded a abrupt contraction. The pace of growth was the most pronounced in 2021 when imports increased by 19%. As a result, imports reached the peak of 2K units, and then dropped rapidly in the following year.

In value terms, spectrometers and spectrophotometers imports dropped remarkably to $2.8M in 2022. Overall, imports saw a slight reduction. The most prominent rate of growth was recorded in 2021 when imports increased by 62%. As a result, imports reached the peak of $3.5M, and then shrank notably in the following year.

Import of Spectrometers and Spectrophotometers in Sri Lanka (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	486	310	705	521	2.3%
Singapore	295	106	573	424	12.9%
Japan	458	311	568	420	-2.8%
United States	506	336	450	373	-9.7%
China	156	413	316	278	21.2%
United Kingdom	156	190	184	160	0.8%
India	86.6	45.7	179	133	15.4%
Australia	125	27.8	9.2	45.9	-28.4%
Thailand	N/A	1.6	N/A	N/A	0%
Others	668	433	538	493	-9.6%
Total	2,937	2,174	3,523	2,848	-1.0%

Top Suppliers of Spectrometers and Spectrophotometers to Sri Lanka in 2022:

China (615.0 units)
India (211.0 units)
United States (89.0 units)
Germany (80.0 units)
Japan (68.0 units)
United Kingdom (48.0 units)
Singapore (31.0 units)
Australia (8.0 units)

Spectrometers and Spectrophotometers Exports in Sri Lanka

In 2022, spectrometers and spectrophotometers exports from Sri Lanka dropped markedly to 45 units, with a decrease of -22.4% compared with the year before. Overall, exports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 152%. As a result, the exports reached the peak of 58 units, and then reduced dramatically in the following year.

In value terms, spectrometers and spectrophotometers exports fell sharply to $118K in 2022. In general, total exports indicated a mild increase from 2019 to 2022: its value increased at an average annual rate of +1.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +37.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 75% against the previous year. As a result, the exports attained the peak of $150K, and then contracted dramatically in the following year.

Export of Spectrometers and Spectrophotometers in Sri Lanka (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United Kingdom	1.5	23.6	54.0	48.2	217.9%
Singapore	28.9	25.4	34.1	30.4	1.7%
Hong Kong SAR	26.7	7.2	9.0	11.0	-25.6%
China	16.7	12.5	12.5	10.8	-13.5%
Germany	8.6	7.5	8.7	7.7	-3.6%
Finland	15.7	7.5	3.1	6.8	-24.3%
United States	0.4	0.7	3.0	2.7	89.0%
Italy	9.5	0.6	N/A	N/A	-93.7%
Others	4.2	0.7	25.5	0.1	-71.2%
Total	112	85.6	150	118	1.8%

Top Export Markets for Spectrometers and Spectrophotometers from Sri Lanka in 2022:

United Kingdom (32.0 units)
United States (4.0 units)
Hong Kong SAR (4.0 units)
Singapore (1.0 units)
Finland (1.0 units)
Germany (1.0 units)
China (1.0 units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the spectrometers and spectrophotometers 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 26515330 - Spectrometers, spectrophotometers... using optical radiations

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