Sri Lanka: Market for Electric Burglar Or Fire Alarms And Similar Apparatus 2024

Market Size for Electric Burglar Or Fire Alarms And Similar Apparatus in Sri Lanka

In 2022, the Sri Lankan market for electric burglar or fire alarms and similar apparatus decreased by X% to $X, falling for the third year in a row after five years of growth. Over the period under review, the total consumption indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2019 indices. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Exports of Electric Burglar Or Fire Alarms And Similar Apparatus

Exports from Sri Lanka

Electric burglar or fire alarm exports from Sri Lanka fell dramatically to X units in 2022, with a decrease of X% on 2021. Over the period under review, exports recorded a dramatic shrinkage. The pace of growth was the most pronounced in 2018 with an increase of X%. The exports peaked at X units in 2021, and then reduced sharply in the following year.

In value terms, electric burglar or fire alarm exports fell notably to $X in 2022. In general, exports faced a dramatic downturn. The growth pace was the most rapid in 2018 with an increase of X%. Over the period under review, the exports attained the peak figure at $X in 2021, and then dropped notably in the following year.

Exports by Country

The Dominican Republic (X units), Maldives (X units) and Papua New Guinea (X units) were the main destinations of electric burglar or fire alarm exports from Sri Lanka, together accounting for X% of total exports.

From 2012 to 2022, the biggest increases were recorded for Papua New Guinea (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for electric burglar or fire alarm exported from Sri Lanka were Maldives ($X), the Dominican Republic ($X) and Papua New Guinea ($X), together accounting for X% of total exports.

Among the main countries of destination, Maldives, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average export price for electric burglar or fire alarms and similar apparatus amounted to $X per unit, with an increase of X% against the previous year. Over the period under review, the export price recorded resilient growth. The pace of growth was the most pronounced in 2013 an increase of X%. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to continue growth in the near future.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Maldives ($X per unit), while the average price for exports to Papua New Guinea ($X 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 the UK (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Electric Burglar Or Fire Alarms And Similar Apparatus

Imports into Sri Lanka

In 2022, supplies from abroad of electric burglar or fire alarms and similar apparatus decreased by X% to X units, falling for the third year in a row after three years of growth. Overall, imports, however, continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2013 with an increase of X%. Imports peaked at X units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, electric burglar or fire alarm imports shrank to $X in 2022. In general, imports showed a noticeable slump. The growth pace was the most rapid in 2013 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest electric burglar or fire alarm supplier to Sri Lanka, accounting for a X% share of total imports. Moreover, electric burglar or fire alarm imports from China exceeded the figures recorded by the second-largest supplier, the UK (X units), sixfold. Japan (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (X% per year) and Japan (X% per year).

In value terms, China ($X) constituted the largest supplier of electric burglar or fire alarms and similar apparatus to Sri Lanka, comprising X% of total imports. The second position in the ranking was held by the UK ($X), with a X% share of total imports. It was followed by India, with an X% share.

From 2012 to 2022, the average annual growth rate of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (X% per year) and India (X% per year).

Import Prices by Country

The average import price for electric burglar or fire alarms and similar apparatus stood at $X per unit in 2022, with an increase of X% against the previous year. Overall, the import price, however, showed a deep contraction. The most prominent rate of growth was recorded in 2021 when the average import price increased by X% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, 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 2022, the most notable rate of growth in terms of prices was attained by Singapore (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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