Report Update: May 1, 2024

Sri Lanka - Machines For Working Wire - Market Analysis, Forecast, Size, Trends And Insights

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Working Wire Machine Price in Sri Lanka - 2021

Working Wire Machine Price in Sri Lanka (CIF) - 2022

The average working wire machine import price stood at $4,895 per unit in 2022, rising by 74% against the previous year. Over the period under review, the import price, however, continues to indicate a perceptible slump. The import price peaked at $11,090 per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Turkey ($10,678 per unit), while the price for India ($1,335 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (+10.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Working Wire Machine Price in Sri Lanka (FOB) - 2022

The average working wire machine export price stood at $32,812 per unit in 2022, waning by -4.7% against the previous year. Over the period under review, the export price, however, showed a remarkable increase. The most prominent rate of growth was recorded in 2016 when the average export price increased by 1,745%. The export price peaked at $34,416 per unit in 2021, and then contracted modestly in the following year.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2022, the rate of growth in terms of prices for Ghana amounted to +282.3% per year.

Working Wire Machine Imports in Sri Lanka

In 2022, after three years of growth, there was significant decline in supplies from abroad of machines for working wire, when their volume decreased by -85.7% to 84 units. In general, imports continue to indicate a abrupt downturn. The growth pace was the most rapid in 2021 with an increase of 438% against the previous year. As a result, imports attained the peak of 586 units, and then fell notably in the following year.

In value terms, working wire machine imports shrank significantly to $411K in 2022. Overall, imports saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 156% against the previous year. As a result, imports attained the peak of $1.7M, and then declined notably in the following year.

Import of Working Wire Machine in Sri Lanka (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	288	205	264	170	-16.1%
Japan	1.7	88.5	266	141	336.1%
Turkey	18.5	21.1	86.8	42.7	32.2%
India	13.4	52.3	97.5	30.4	31.4%
Italy	68.3	40.1	18.3	16.4	-37.8%
Germany	0.4	0.9	2.9	10.2	194.3%
Switzerland	0.8	0.9	277	N/A	1760.8%
United States	133	181	374	N/A	67.7%
Others	62.5	55.1	265	N/A	105.9%
Total	587	645	1,651	411	-11.2%

Top Suppliers of Working Wire Machine to Sri Lanka in 2022:

China (37.0 units)
India (23.0 units)
Japan (15.0 units)
Turkey (4.0 units)
Germany (3.0 units)
Italy (2.0 units)

Working Wire Machine Exports in Sri Lanka

In 2022, the amount of machines for working wire exported from Sri Lanka totaled 1 units, approximately reflecting 2021. In general, exports continue to indicate a relatively flat trend pattern. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in years to come.

In value terms, working wire machine exports declined to $33K in 2022. The total export value increased at an average annual rate of +5.1% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by 10% against the previous year. As a result, the exports reached the peak of $34K, and then fell modestly in the following year.

Export of Working Wire Machine in Sri Lanka (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
India	28.3	31.2	34.4	32.8	5.0%
Others	N/A	N/A	N/A	N/A	0%
Total	28.3	31.2	34.4	32.8	5.0%

Top Export Markets for Working Wire Machine from Sri Lanka in 2022:

India (1.0 units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the working wire machine 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 28413450 - Machines for working wire (excluding draw-benches, thread rolling machines)

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