Sri Lanka - Thermostats - Market Analysis, Forecast, Size, Trends and Insights
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View PricingThermostat Price in Sri Lanka - 2021
Contents:
- Thermostat Price in Sri Lanka (CIF) - 2022
- Thermostat Price in Sri Lanka (FOB) - 2022
- Thermostat Imports in Sri Lanka
- Thermostat Exports in Sri Lanka
Thermostat Price in Sri Lanka (CIF) - 2022
In 2022, the average thermostat import price amounted to $2.8 per unit, reducing by -6% against the previous year. Overall, the import price saw a abrupt downturn. The pace of growth was the most pronounced in 2014 when the average import price increased by 27%. As a result, import price attained the peak level of $7.4 per unit. From 2015 to 2022, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Slovakia ($15 per unit), while the price for South Korea ($1.3 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovakia (+14.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Thermostat Price in Sri Lanka (FOB) - 2022
The average thermostat export price stood at $7.4 per unit in 2022, with a decrease of -39.5% against the previous year. In general, the export price saw a deep contraction. The pace of growth was the most pronounced in 2017 an increase of 141%. As a result, the export price reached the peak level of $56 per unit. From 2018 to 2022, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Denmark ($21 per unit), while the average price for exports to the United Arab Emirates ($3.8 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 Denmark (-1.4%), while the prices for the other major destinations experienced a decline.
Thermostat Imports in Sri Lanka
In 2022, supplies from abroad of thermostats decreased by -4.4% to 503K units for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, showed a significant expansion. The growth pace was the most rapid in 2021 when imports increased by 61% against the previous year. As a result, imports attained the peak of 526K units, and then declined modestly in the following year.
In value terms, thermostat imports dropped to $1.4M in 2022. Over the period under review, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 12%. As a result, imports attained the peak of $1.5M, and then contracted in the following year.
Import of Thermostat in Sri Lanka (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 368 | 465 | 745 | 558 | 14.9% |
Czech Republic | N/A | N/A | N/A | 195 | 0% |
India | 102 | 55.0 | 118 | 46.5 | -23.0% |
South Korea | 24.6 | 21.0 | 20.4 | 46.2 | 23.4% |
Singapore | 165 | 102 | 87.9 | 31.7 | -42.3% |
Taiwan (Chinese) | 132 | 90.4 | 89.1 | 31.5 | -38.0% |
Others | 580 | 650 | 488 | 483 | -5.9% |
Total | 1,372 | 1,384 | 1,549 | 1,392 | 0.5% |
Top Suppliers of Thermostat to Sri Lanka in 2022:
- China (368.6K units)
- Czech Republic (53.5K units)
- South Korea (36.1K units)
- India (11.3K units)
- Singapore (7.8K units)
- Taiwan (Chinese) (7.7K units)
Thermostat Exports in Sri Lanka
In 2022, approx. 468 units of thermostats were exported from Sri Lanka; increasing by 42% on the year before. Over the period under review, exports saw significant growth. The pace of growth was the most pronounced in 2020 with an increase of 59%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.
In value terms, thermostat exports fell to $3.5K in 2022. In general, exports, however, continue to indicate a abrupt contraction. The smallest decline of -7.3% was in 2021. Over the period under review, the exports attained the maximum at $4.7K in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
Export of Thermostat in Sri Lanka (USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Maldives | 7.0 | 4.0 | 6.0 | 1,267 | 465.7% |
India | N/A | N/A | 2.0 | 937 | 46750.0% |
United Arab Emirates | 3.0 | 2.0 | 14.0 | 686 | 511.5% |
Denmark | N/A | N/A | 1.0 | 369 | 36800.0% |
Switzerland | 1,653 | 1,686 | 1,598 | N/A | -1.7% |
Germany | 2,943 | 2,556 | 2,284 | N/A | -11.9% |
Others | 93.0 | 108 | 134 | 212 | 31.6% |
Total | 4,699 | 4,356 | 4,039 | 3,471 | -9.6% |
Top Export Markets for Thermostat from Sri Lanka in 2022:
- India (200.0 units)
- United Arab Emirates (180.0 units)
- Maldives (64.0 units)
- Denmark (18.0 units)
This report provides an in-depth analysis of the thermostat 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 26517015 - Electronic thermostats
- Prodcom 26517019 - Non-electronic thermostats
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
-
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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Explore the top import markets for thermostats and their key statistics. Learn about the countries leading in the import of thermostats, backed by data from IndexBox market intelligence platform.
Global thermostat imports amounted to X tons in 2016, increasing by X% against the previous year figure. The total import volume increased at an average annual rate of +X% from 2007 to 2016- th...
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