Sri Lanka: Food Sorting Machine Market 2024

Food Sorting Machine Market Size in Sri Lanka

The Sri Lankan food sorting machine market expanded significantly to $X in 2022, with an increase of X% against the previous year. In general, consumption enjoyed resilient growth. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Food Sorting Machine Production in Sri Lanka

In value terms, food sorting machine production expanded markedly to $X in 2022 estimated in export price. In general, production showed a prominent expansion. The pace of growth was the most pronounced in 2013 when the production volume increased by X% against the previous year. Food sorting machine production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Food Sorting Machine Exports

Exports from Sri Lanka

In 2022, shipments abroad of machines for cleaning, sorting or grading eggs and fruit increased by X% to X units, rising for the second consecutive year after two years of decline. In general, exports showed a resilient expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, food sorting machine exports dropped markedly to $X in 2022. Overall, exports enjoyed a slight increase. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

India (X units), Ethiopia (X units) and Kenya (X units) were the main destinations of food sorting machine exports from Sri Lanka, together comprising X% of total exports. Belgium lagged somewhat behind, accounting for 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 Belgium (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Kenya ($X) emerged as the key foreign market for machines for cleaning, sorting or grading eggs and fruit exports from Sri Lanka, comprising X% of total exports. The second position in the ranking was taken by Ethiopia ($X), with a X% share of total exports. It was followed by Belgium, with a X% share.

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

Export Prices by Country

In 2022, the average food sorting machine export price amounted to $X per unit, reducing by X% against the previous year. Over the period under review, the export price continues to indicate a deep reduction. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2016 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kenya ($X per unit), while the average price for exports to India ($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 India (X%).

Food Sorting Machine Imports

Imports into Sri Lanka

After two years of growth, purchases abroad of machines for cleaning, sorting or grading eggs and fruit decreased by X% to X units in 2022. Over the period under review, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. As a result, imports attained the peak of X units. From 2016 to 2022, the growth of imports remained at a lower figure.

In value terms, food sorting machine imports declined rapidly to $X in 2022. Overall, imports, however, saw a perceptible increase. The most prominent rate of growth was recorded in 2015 with an increase of X%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

China (X units), South Korea (X units) and India (X units) were the main suppliers of food sorting machine imports to Sri Lanka, with a combined X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for South Korea (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), South Korea ($X) and India ($X) were the largest food sorting machine suppliers to Sri Lanka, with a combined X% share of total imports.

In terms of the main suppliers, South Korea, with a CAGR of X%, recorded 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 food sorting machine import price amounted to $X per unit, picking up by X% against the previous year. Over the period under review, the import price saw temperate growth. The growth pace was the most rapid in 2020 an increase of X%. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from India ($X per unit) and China ($X per unit), while the price for South Korea ($X per unit) and Spain ($X per unit) were amongst the lowest.

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

Source: IndexBox Platform

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