Report Update May 1, 2024

Sri Lanka - Concrete or Mortar Mixers - Market Analysis, Forecast, Size, Trends and Insights

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Sri Lanka: Concrete Mixer Market 2024

Concrete Mixer Market Size in Sri Lanka

In 2021, the Sri Lankan concrete mixer market increased by 54% to $X, rising for the second year in a row after two years of decline. Overall, consumption saw prominent growth. Over the period under review, the market reached the peak level at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Concrete Mixer Exports

Exports from Sri Lanka

In 2021, overseas shipments of concrete or mortar mixers increased by 14% to X units, rising for the second year in a row after two years of decline. Overall, exports, however, recorded a abrupt setback. The growth pace was the most rapid in 2014 with an increase of 1,144%. Over the period under review, the exports reached the maximum at X units in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, concrete mixer exports surged to $X in 2021. In general, exports, however, continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2014 when exports increased by 136% against the previous year. Over the period under review, the exports attained the maximum at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

Maldives (X units), Seychelles (X units) and Uganda (X units) were the main destinations of concrete mixer exports from Sri Lanka, with a combined 96% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Uganda (with a CAGR of +20.1%), while the other leaders experienced mixed trend patterns.

In value terms, Maldives ($X) remains the key foreign market for concrete or mortar mixers exports from Sri Lanka, comprising 59% of total exports. The second position in the ranking was taken by Seychelles ($X), with a 21% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Maldives stood at +5.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Seychelles (-11.0% per year) and Uganda (+15.0% per year).

Export Prices by Country

The average concrete mixer export price stood at $X per unit in 2021, picking up by 6.6% against the previous year. In general, the export price continues to indicate mild growth. The growth pace was the most rapid in 2015 when the average export price increased by 399% against the previous year. The export price peaked at $X per unit in 2016; however, from 2017 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Uganda ($X per unit), while the average price for exports to Seychelles ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to India (+265.3%), while the prices for the other major destinations experienced a decline.

Concrete Mixer Imports

Imports into Sri Lanka

In 2021, supplies from abroad of concrete or mortar mixers increased by 118% to X units, rising for the second consecutive year after three years of decline. In general, imports recorded prominent growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, concrete mixer imports totaled $X in 2021. Over the period under review, imports continue to indicate a slight increase. The most prominent rate of growth was recorded in 2020 when imports increased by 143% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, India (X units) constituted the largest supplier of concrete mixer to Sri Lanka, accounting for a 39% share of total imports. Moreover, concrete mixer imports from India exceeded the figures recorded by the second-largest supplier, Vietnam (X units), threefold. The third position in this ranking was held by China (X units), with a 5.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from India amounted to +46.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+13.5% per year) and China (-7.5% per year).

In value terms, Vietnam ($X), China ($X) and Italy ($X) were the largest concrete mixer suppliers to Sri Lanka, with a combined 50% share of total imports. These countries were followed by Germany, India, Maldives, Thailand, Singapore and Japan, which together accounted for a further 27%.

In terms of the main suppliers, Germany, with a CAGR of +114.1%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average concrete mixer import price stood at $X per unit in 2021, dropping by -50.4% against the previous year. Over the period under review, the import price recorded a deep slump. The most prominent rate of growth was recorded in 2020 when the average import price increased by 61%. The import price peaked at $X per unit in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Singapore ($X per unit), while the price for Japan ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+20.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for concrete or mortar mixers in the world?

The countries with the highest volumes of consumption in 2021 were China, the United States and India, together comprising 35% of global consumption. These countries were followed by Japan, Pakistan, Russia, Brazil, Nigeria, France, Germany, Mexico, Turkey and South Korea, which together accounted for a further 30%.

What are the largest producers of concrete or mortar mixers in the world?

China constituted the country with the largest volume of concrete mixer production, accounting for 27% of total volume. Moreover, concrete mixer production in China exceeded the figures recorded by the second-largest producer, Turkey, threefold. The United States ranked third in terms of total production with a 7.9% share.

What are the leading suppliers of concrete or mortar mixers to Sri Lanka?

In value terms, the largest concrete mixer suppliers to Sri Lanka were Vietnam, China and Italy, together accounting for 50% of total imports. These countries were followed by Germany, India, Maldives, Thailand, Singapore and Japan, which together accounted for a further 27%.

What are the leading importers of concrete or mortar mixers from Sri Lanka?

In value terms, Maldives remains the key foreign market for concrete or mortar mixers exports from Sri Lanka, comprising 59% of total exports. The second position in the ranking was taken by Seychelles, with a 21% share of total exports.

What is the average export price for concrete or mortar mixers in Sri Lanka?

The average concrete mixer export price stood at $1,562 per unit in 2021, surging by 6.6% against the previous year.

What is the average import price for concrete or mortar mixers in Sri Lanka?

In 2021, the average concrete mixer import price amounted to $449 per unit, with a decrease of -50.4% against the previous year.

This report provides an in-depth analysis of the concrete mixer 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 28924050 - Concrete or mortar mixers

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