Sri Lanka: Market for Electronic Instruments And Machines For Measuring Geometrical Quantities 2024

Market Size for Electronic Instruments And Machines For Measuring Geometrical Quantities in Sri Lanka

The Sri Lankan geometrical quantities electronic measurer market stood at $X in 2022, increasing by X% against the previous year. In general, consumption recorded a strong increase. Geometrical quantities electronic measurer consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Production of Electronic Instruments And Machines For Measuring Geometrical Quantities in Sri Lanka

In value terms, geometrical quantities electronic measurer production rose rapidly to $X in 2022 estimated in export price. In general, production enjoyed a prominent expansion. The growth pace was the most rapid in 2018 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Electronic Instruments And Machines For Measuring Geometrical Quantities

Exports from Sri Lanka

In 2022, shipments abroad of electronic instruments and machines for measuring geometrical quantities increased by X% to X units, rising for the second consecutive year after three years of decline. Over the period under review, exports posted a noticeable increase. Over the period under review, the exports attained the peak figure at X units in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, geometrical quantities electronic measurer exports soared to $X in 2022. In general, exports recorded a prominent increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X units), the United States (X units) and China (X units) were the main destinations of geometrical quantities electronic measurer exports from Sri Lanka, with a combined X% share of total exports. Switzerland, Mexico, the UK, Hungary, India, Sweden and South Korea 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 Switzerland (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for geometrical quantities electronic measurer exported from Sri Lanka were Germany ($X), the United States ($X) and the UK ($X), together comprising X% of total exports. China, Mexico, Switzerland, India, Sweden, Hungary and South Korea lagged somewhat behind, together accounting for a further X%.

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

Export Prices by Country

In 2022, the average geometrical quantities electronic measurer export price amounted to $X per unit, falling by X% against the previous year. In general, the export price, however, enjoyed noticeable growth. The pace of growth was the most pronounced in 2018 an increase of X%. Over the period under review, the average export prices reached the maximum at $X per unit in 2021, and then declined in the following year.

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 the UK ($X per unit), while the average price for exports to Hungary ($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 Electronic Instruments And Machines For Measuring Geometrical Quantities

Imports into Sri Lanka

Geometrical quantities electronic measurer imports into Sri Lanka shrank sharply to X units in 2022, with a decrease of X% on 2021 figures. Over the period under review, imports continue to indicate a noticeable contraction. The pace of growth appeared the most rapid in 2015 when imports increased by X%. Over the period under review, imports attained the peak figure at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, geometrical quantities electronic measurer imports expanded markedly to $X in 2022. Overall, total imports indicated a tangible increase 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. The most prominent rate of growth was recorded in 2015 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of geometrical quantities electronic measurer to Sri Lanka, accounting for a X% share of total imports. Moreover, geometrical quantities electronic measurer imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), threefold. The third position in this ranking was taken by India (X units), with a X% share.

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

In value terms, the largest geometrical quantities electronic measurer suppliers to Sri Lanka were France ($X), the United States ($X) and the UK ($X), with a combined X% share of total imports. China, Germany, Japan, India, Canada and Slovakia lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Slovakia, with a CAGR of X%, saw the highest rates of growth with regard to 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

In 2022, the average geometrical quantities electronic measurer import price amounted to $X per unit, increasing by X% against the previous year. Overall, the import price showed a strong expansion. The most prominent rate of growth was recorded in 2018 an increase of X%. As a result, import price attained the peak level of $X per unit. From 2019 to 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($X per unit), while the price for China ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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