Sri Lanka: Disc Harrow Market 2022

Disc Harrow Market Size in Sri Lanka

The Sri Lankan disc harrow market fell significantly to $X in 2021, reducing by -X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, saw a prominent expansion. As a result, consumption attained the peak level of $X, and then plummeted in the following year.

Disc Harrow Exports

Exports from Sri Lanka

In 2021, the amount of disc harrows exported from Sri Lanka was estimated at less than X units, leveling off at 2020 figures. Overall, exports showed a relatively flat trend pattern. The exports peaked at X units in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, disc harrow exports amounted to less than $X in 2021. In general, exports recorded a relatively flat trend pattern. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

Exports by Country

Uganda (X units) was the main destination for disc harrow exports from Sri Lanka, with a approx. X% share of total exports.

From 2012 to 2015, the average annual growth rate of volume to Uganda was relatively modest.

From 2012 to 2015, the average annual growth rate of value to Uganda was relatively modest.

Export Prices by Country

The average disc harrow export price stood at $X per unit in 2015, stabilizing at the previous year. Overall, the export price showed a relatively flat trend pattern. The export price peaked in 2015 and is expected to retain growth in years to come.

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

From 2012 to 2015, the rate of growth in terms of prices for Uganda amounted to X% per year.

Disc Harrow Imports

Imports into Sri Lanka

Disc harrow imports into Sri Lanka fell notably to X units in 2021, which is down by -X% on the year before. Over the period under review, imports, however, saw a prominent increase. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at X units in 2020, and then shrank remarkably in the following year.

In value terms, disc harrow imports shrank markedly to $X in 2021. In general, imports, however, showed a remarkable increase. The pace of growth was the most pronounced in 2020 with an increase of X%. As a result, imports attained the peak of $X, and then plummeted in the following year.

Imports by Country

In 2021, India (X units) constituted the largest supplier of disc harrow to Sri Lanka, accounting for a X% share of total imports. Moreover, disc harrow imports from India exceeded the figures recorded by the second-largest supplier, Pakistan (X units), fourfold. China (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from India totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Pakistan (X% per year) and China (+X% per year).

In value terms, India ($X) constituted the largest supplier of disc harrow to Sri Lanka, comprising X% of total imports. The second position in the ranking was occupied by Pakistan ($X), with a X% share of total imports. It was followed by China, with a X% share.

From 2012 to 2021, the average annual growth rate of value from India amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Pakistan (+X% per year) and China (+X% per year).

Import Prices by Country

In 2021, the average disc harrow import price amounted to $X per unit, falling by -X% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2015 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2016 to 2021, the average 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 Pakistan ($X per unit), while the price for Thailand ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform