Sri Lanka: Market for Domestic Electro-Thermic Appliances other than Heaters, Dryers, Irons, Ovens, Toasters and Coffee Machines 2024

Market Size for Domestic Electro-Thermic Appliances other than Heaters, Dryers, Irons, Ovens, Toasters and Coffee Machines in Sri Lanka

After two years of growth, the Sri Lankan market for domestic electro-thermic appliances other than heaters, dryers, irons, ovens, toasters and coffee machines decreased by X% to $X in 2022. In general, consumption saw a noticeable descent. Consumption of peaked at $X in 2021, and then declined rapidly in the following year.

Exports of Domestic Electro-Thermic Appliances other than Heaters, Dryers, Irons, Ovens, Toasters and Coffee Machines

Exports from Sri Lanka

In 2022, overseas shipments of domestic electro-thermic appliances other than heaters, dryers, irons, ovens, toasters and coffee machines increased by X% to X units for the first time since 2018, thus ending a three-year declining trend. Over the period under review, exports posted a significant expansion. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. The exports peaked at X units in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, exports of domestic electro-thermic appliances other than heaters, dryers, irons, ovens, toasters and coffee machines skyrocketed to $X in 2022. Overall, exports posted a significant increase. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, the exports of reached the maximum at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Maldives (X units), the United Arab Emirates (X units) and Malaysia (X units) were the main destinations of exports of domestic electro-thermic appliances other than heaters, dryers, irons, ovens, toasters and coffee machines from Sri Lanka, together accounting for X% of total exports. Central African Republic, Jordan, Singapore, Vietnam, Indonesia, the Netherlands, New Zealand, Saudi Arabia, South Africa and Bahrain lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Central African Republic (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for domestic electro-thermic appliances other than heaters, dryers, irons, ovens, toasters and coffee machines exported from Sri Lanka were the United Arab Emirates ($X), Maldives ($X) and Indonesia ($X), together accounting for X% of total exports. Malaysia, Singapore, Jordan, Saudi Arabia, Vietnam, New Zealand, Bahrain, the Netherlands, Central African Republic and South Africa lagged somewhat behind, together comprising a further X%.

Saudi Arabia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for domestic electro-thermic appliances other than heaters, dryers, irons, ovens, toasters and coffee machines stood at $X per unit in 2022, picking up by X% against the previous year. Overall, export price indicated prominent growth from 2012 to 2022: its price 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. The pace of growth was the most pronounced in 2019 when the average export price increased by X%. Over the period under review, the average export prices attained the maximum in 2022 and is likely to continue growth in years to come.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($X per unit), while the average price for exports to Central African Republic ($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 Saudi Arabia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Domestic Electro-Thermic Appliances other than Heaters, Dryers, Irons, Ovens, Toasters and Coffee Machines

Imports into Sri Lanka

In 2022, after two years of growth, there was significant decline in supplies from abroad of domestic electro-thermic appliances other than heaters, dryers, irons, ovens, toasters and coffee machines, when their volume decreased by X% to X units. Over the period under review, imports saw a pronounced slump. The pace of growth was the most pronounced in 2018 with an increase of X%. Imports peaked at X units in 2021, and then fell significantly in the following year.

In value terms, imports of domestic electro-thermic appliances other than heaters, dryers, irons, ovens, toasters and coffee machines contracted sharply to $X in 2022. In general, imports saw a deep setback. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2016 to 2022, the growth of imports of remained at a lower figure.

Imports by Country

In 2022, China (X units) was the main domestic electro-thermic appliances other than heaters, dryers, irons, ovens, toasters and coffee machines supplier to Sri Lanka, with a approx. X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled X%.

In value terms, China ($X) constituted the largest supplier of domestic electro-thermic appliances other than heaters, dryers, irons, ovens, toasters and coffee machines to Sri Lanka.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled X%.

Import Prices by Country

In 2022, the average import price for domestic electro-thermic appliances other than heaters, dryers, irons, ovens, toasters and coffee machines amounted to $X per unit, surging by X% against the previous year. Overall, the import price, however, continues to indicate a mild decline. The most prominent rate of growth was recorded in 2015 when the average import price increased by X%. Over the period under review, average import prices reached the peak figure at $X per unit in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to X% per year.

Source: IndexBox Platform

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