Report Sri Lanka - Machines for Balancing Mechanical Parts - Market Analysis, Forecast, Size, Trends and Insights for 499$
Latest Report Update: Jun 29, 2022

Sri Lanka - Machines for Balancing Mechanical Parts - Market Analysis, Forecast, Size, Trends and Insights
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Sri Lanka: Market for Machines For Balancing Mechanical Parts 2022

Market Size for Machines For Balancing Mechanical Parts in Sri Lanka

After two years of decline, the Sri Lankan balancing mechanical parts machine market increased by X% to $X in 2021. In general, consumption enjoyed significant growth. Over the period under review, the market reached the peak level in 2021 and is expected to retain growth in years to come.

Exports of Machines For Balancing Mechanical Parts

Exports from Sri Lanka

After three years of decline, overseas shipments of machines for balancing mechanical parts increased by X% to X units in 2021. In general, exports, however, showed a precipitous decrease. The pace of growth was the most pronounced in 2017 when exports increased by X%. As a result, the exports reached the peak of X units. From 2018 to 2021, the growth of the exports failed to regain momentum.

In value terms, balancing mechanical parts machine exports dropped remarkably to $X in 2021. Overall, exports, however, continue to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

The United States (X units), Germany (X units) and Maldives (X units) were the main destinations of balancing mechanical parts machine exports from Sri Lanka, together accounting for X% of total exports. These countries were followed by India and Indonesia, which together accounted for a further X 2012 to 2021, the biggest increases were in India (with a CAGR of X%), while shipments for the other leaders experienced a decline.

In value terms, India ($X) remains the key foreign market for balancing mechanical parts machine exports from Sri Lanka, comprising X% of total exports. The second position in the ranking was occupied by Indonesia ($X), with a X% share of total exports. It was followed by the United States, with an X% share.

From 2012 to 2021, the average annual growth rate of value to India stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (-X% per year) and the United States (-X% per year).

Export Prices by Country

In 2021, the average balancing mechanical parts machine export price amounted to $X per unit, waning by -X% against the previous year. Overall, the export price, however, enjoyed a buoyant expansion. The growth pace was the most rapid in 2018 when the average export price increased by X% against the previous year. The export price peaked at $X per unit in 2020, and then declined sharply in the following year.

Prices varied noticeably by the country of destination: the country with the highest price was India ($X per unit), while the average price for exports to Germany ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to India (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machines For Balancing Mechanical Parts

Imports into Sri Lanka

In 2021, imports of machines for balancing mechanical parts into Sri Lanka soared to X units, rising by X% on the previous year. Overall, imports showed a significant expansion. The growth pace was the most rapid in 2015 with an increase of X%. Imports peaked in 2021 and are likely to see gradual growth in the near future.

In value terms, balancing mechanical parts machine imports soared to $X in 2021. In general, imports recorded a buoyant expansion. The pace of growth was the most pronounced in 2015 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of balancing mechanical parts machine to Sri Lanka, with a X% share of total imports. Moreover, balancing mechanical parts machine imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), fivefold.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +X%.

In value terms, China ($X) and Germany ($X) were the largest balancing mechanical parts machine suppliers to Sri Lanka.

In terms of the main suppliers, Germany, with a CAGR of +X%, saw the highest rates of growth with regard to the value of imports, over the period under review.

Import Prices by Country

In 2021, the average balancing mechanical parts machine import price amounted to $X per unit, reducing by -X% against the previous year. Over the period under review, the import price showed a abrupt curtailment. The growth pace was the most rapid in 2019 when the average import price increased by X%. Over the period under review, average import prices attained the peak figure at $X per unit in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per unit), while the price for China stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (-X%).

Source: IndexBox Platform

Base Year Historical Period Forecast Period Units
2021 2007-2021 2022-2030 US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for machines for balancing mechanical parts in the world?
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The countries with the highest volumes of in 2021 were China, the United States and Germany, together accounting for 44% of global consumption. These countries were followed by India, Japan, Russia, Thailand, Indonesia, Turkey, Mexico, Poland, Saudi Arabia and Italy, which together accounted for a further 33%.
What are the largest producers of machines for balancing mechanical parts in the world?
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The countries with the highest volumes of in 2021 were China, the United States and India, together accounting for 40% of global production. These countries were followed by Italy, Germany, Japan, Russia, Thailand, Indonesia, Mexico, Turkey, Saudi Arabia and Democratic Republic of the Congo, which together accounted for a further 48%.
What are the leading suppliers of machines for balancing mechanical parts to Sri Lanka?
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In value terms, China and Germany constituted the largest balancing mechanical parts machine suppliers to Sri Lanka.
What are the leading importers of machines for balancing mechanical parts from Sri Lanka?
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In value terms, India remains the key foreign market for balancing mechanical parts machine exports from Sri Lanka, comprising 62% of total exports. The second position in the ranking was occupied by Indonesia, with a 25% share of total exports. It was followed by the United States, with an 8.8% share.
What is the average export price for machines for balancing mechanical parts in Sri Lanka?
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In 2021, the average balancing mechanical parts machine export price amounted to $479 per unit, dropping by -34% against the previous year.
What is the average import price for machines for balancing mechanical parts in Sri Lanka?
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In 2021, the average balancing mechanical parts machine import price amounted to $80 per unit, falling by -11.7% against the previous year.

This report provides an in-depth analysis of the market for balancing mechanical parts machine 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.


Product coverage:
• Prodcom 28993970 - Machines for balancing mechanical parts
Country coverage:
• Sri Lanka

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Sri Lanka
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2012–2021
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2012–2021
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2021
Table 2:
Market Volume, In Physical Terms, 2012–2021
Table 3:
Market Value, 2012–2021
Table 4:
Per Capita Consumption In 2012–2021
Table 5:
Imports, In Physical Terms, By Country, 2012–2021
Table 6:
Imports, In Value Terms, By Country, 2012–2021
Table 7:
Import Prices, By Country Of Origin, 2012–2021
Table 8:
Exports, In Physical Terms, By Country, 2012–2021
Table 9:
Exports, In Value Terms, By Country, 2012–2021
Table 10:
Export Prices, By Country Of Destination, 2012–2021
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2021
Figure 2:
Market Value, 2012–2021
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012–2021
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012–2021
Figure 5:
Trade Balance, In Physical Terms, 2012–2021
Figure 6:
Trade Balance, In Value Terms, 2012–2021
Figure 7:
Per Capita Consumption, 2012–2021
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2012–2021
Figure 21:
Production, In Value Terms, 2012–2021
Figure 22:
Imports, In Physical Terms, 2012–2021
Figure 23:
Imports, In Value Terms, 2012–2021
Figure 24:
Imports, In Physical Terms, By Country, 2021
Figure 25:
Imports, In Physical Terms, By Country, 2012–2021
Figure 26:
Imports, In Value Terms, By Country, 2012–2021
Figure 27:
Import Prices, By Country Of Origin, 2012–2021
Figure 28:
Exports, In Physical Terms, 2012–2021
Figure 29:
Exports, In Value Terms, 2012–2021
Figure 30:
Exports, In Physical Terms, By Country, 2021
Figure 31:
Exports, In Physical Terms, By Country, 2012–2021
Figure 32:
Exports, In Value Terms, By Country, 2012–2021
Figure 33:
Export Prices, By Country Of Destination, 2012–2021
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