Sri Lanka: Market for Non-Domestic Heat Exchange Units 2024

Market Size for Non-Domestic Heat Exchange Units in Sri Lanka

The Sri Lankan non-domestic heat exchange unit market dropped to $X in 2022, falling 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). Over the period under review, consumption continues to indicate a mild shrinkage. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Exports of Non-Domestic Heat Exchange Units

Exports from Sri Lanka

Non-domestic heat exchange unit exports from Sri Lanka shrank sharply to X units in 2022, with a decrease of X% on the previous year's figure. In general, exports, however, posted a mild increase. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. The exports peaked at X units in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, non-domestic heat exchange unit exports contracted dramatically to $X in 2022. Over the period under review, exports showed a sharp setback. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Belgium (X units) was the main destination for non-domestic heat exchange unit exports from Sri Lanka, accounting for a X% share of total exports. Moreover, non-domestic heat exchange unit exports to Belgium exceeded the volume sent to the second major destination, Singapore (X units), tenfold. India (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Belgium was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (X% per year) and India (X% per year).

In value terms, Belgium ($X), Singapore ($X) and Maldives ($X) appeared to be the largest markets for non-domestic heat exchange unit exported from Sri Lanka worldwide, with a combined X% share of total exports.

In terms of the main countries of destination, Singapore, 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 mixed trend patterns.

Export Prices by Country

In 2022, the average non-domestic heat exchange unit export price amounted to $X per unit, waning by X% against the previous year. Overall, the export price recorded a precipitous contraction. The most prominent rate of growth was recorded in 2018 an increase of X%. Over the period under review, the average export prices attained the peak figure at $X per unit in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

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 Singapore ($X per unit), while the average price for exports to India ($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 Singapore (X%), while the prices for the other major destinations experienced a decline.

Imports of Non-Domestic Heat Exchange Units

Imports into Sri Lanka

Non-domestic heat exchange unit imports into Sri Lanka shrank to X units in 2022, waning by X% on the previous year. In general, imports continue to indicate a slight reduction. The pace of growth was the most pronounced in 2019 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, non-domestic heat exchange unit imports contracted remarkably to $X in 2022. Overall, imports recorded a noticeable setback. The most prominent rate of growth was recorded in 2019 when imports increased by X%. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest non-domestic heat exchange unit supplier to Sri Lanka, with a X% share of total imports. Moreover, non-domestic heat exchange unit imports from China exceeded the figures recorded by the second-largest supplier, India (X units), fivefold. Thailand (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 totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and Thailand (X% per year).

In value terms, China ($X), India ($X) and Malaysia ($X) were the largest non-domestic heat exchange unit suppliers to Sri Lanka, together accounting for X% of total imports.

India, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average non-domestic heat exchange unit import price amounted to $X per unit, falling by X% against the previous year. In general, the import price continues to indicate a slight contraction. The growth pace was the most rapid in 2015 an increase of X%. Over the period under review, average import prices hit record highs at $X per unit in 2017; however, from 2018 to 2022, 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 Malaysia ($X per unit), while the price for China ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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