
Sri Lanka - Industrial Bakery Machinery - Market Analysis, Forecast, Size, Trends and Insights
Sri Lanka: Industrial Bakery Machinery Market 2022
Industrial Bakery Machinery Market Size in Sri Lanka
In 2021, the Sri Lankan industrial bakery machinery market was finally on the rise to reach $X after two years of decline. Over the period under review, consumption showed a modest increase. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.
Industrial Bakery Machinery Exports
Exports from Sri Lanka
After three years of decline, shipments abroad of industrial bakery machinery increased by X% to X units in 2021. In general, exports recorded a strong expansion. Over the period under review, the exports attained the peak figure at X units in 2017; however, from 2018 to 2021, the exports failed to regain momentum.
In value terms, industrial bakery machinery exports soared to $X in 2021. Over the period under review, exports showed a modest increase. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports failed to regain momentum.
Exports by Country
India (X units) and Maldives (X units) were the main destinations of industrial bakery machinery exports from Sri Lanka.
From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by India (with a CAGR of +X value terms, India ($X) remains the key foreign market for industrial bakery machinery exports from Sri Lanka, comprising X% of total exports. The second position in the ranking was taken by Maldives ($X), with an X% share of total exports.
From 2012 to 2021, the average annual rate of growth in terms of value to India stood at +X%.
Export Prices by Country
In 2021, the average industrial bakery machinery export price amounted to $X per unit, shrinking by -X% against the previous year. In general, the export price saw a perceptible shrinkage. The pace of growth was the most pronounced in 2020 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per unit, and then declined dramatically in the following year.
Prices varied noticeably by the country of destination: the country with the highest price was India ($X per unit), while the average price for exports to Maldives stood at $X per unit.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Maldives (-X%).
Industrial Bakery Machinery Imports
Imports into Sri Lanka
In 2021, purchases abroad of industrial bakery machinery was finally on the rise to reach X units after two years of decline. In general, imports showed a buoyant expansion. The most prominent rate of growth was recorded in 2016 with an increase of X%. Imports peaked in 2021 and are expected to retain growth in the near future.
In value terms, industrial bakery machinery imports skyrocketed to $X in 2021. Over the period under review, imports, however, showed a noticeable setback. The most prominent rate of growth was recorded in 2016 when imports increased by X%. Imports peaked at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.
Imports by Country
In 2021, Japan (X units) constituted the largest supplier of industrial bakery machinery to Sri Lanka, accounting for a X% share of total imports. Moreover, industrial bakery machinery imports from Japan exceeded the figures recorded by the second-largest supplier, China (X units), twofold. The third position in this ranking was taken by Taiwan (Chinese) (X units), with a X% share.
From 2012 to 2021, the average annual growth rate of volume from Japan amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+X% per year) and Taiwan (Chinese) (-X% per year).
In value terms, Taiwan (Chinese) ($X), China ($X) and Japan ($X) appeared to be the largest industrial bakery machinery suppliers to Sri Lanka, with a combined X% share of total imports.
Japan, 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 more modest paces of growth.
Import Prices by Country
In 2021, the average industrial bakery machinery import price amounted to $X per unit, with a decrease of -X% against the previous year. Overall, the import price showed a deep downturn. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2016; however, from 2017 to 2021, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Italy ($X per unit), while the price for Japan ($X per unit) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+X%), while the prices for the other major suppliers experienced more modest paces of growth.
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2022 | 2012-2022 | 2023-2030 | US$, Tons |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the industrial bakery machinery market in Sri Lanka. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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