Sri Lanka: Manostat Market 2022

Manostat Market Size in Sri Lanka

In 2021, the Sri Lankan manostat market was finally on the rise to reach $X after three years of decline. In general, consumption posted a buoyant increase. Manostat consumption peaked at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Manostat Exports

Exports from Sri Lanka

In 2021, approx. X units of manostats were exported from Sri Lanka; growing by X% compared with 2020. Over the period under review, exports, however, saw a pronounced descent. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. The exports peaked at X units in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, manostat exports surged to $X in 2021. Overall, exports, however, recorded a slight setback. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Maldives (X units) was the main destination for manostat exports from Sri Lanka, with a X% share of total exports. Moreover, manostat exports to Maldives exceeded the volume sent to the second major destination, Germany (X units), fivefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Maldives stood at -X%.

In value terms, Germany ($X) remains the key foreign market for manostat exports from Sri Lanka, comprising X% of total exports. The second position in the ranking was occupied by Maldives ($X), with a X% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany was relatively modest.

Export Prices by Country

In 2021, the average manostat export price amounted to $X per unit, jumping by X% against the previous year. Over the period under review, the export price showed mild growth. The pace of growth appeared the most rapid in 2014 when the average export price increased by X%. As a result, the export price attained the peak level of $X per unit. From 2015 to 2021, the the average export prices remained at a somewhat lower figure.

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

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

Manostat Imports

Imports into Sri Lanka

In 2021, purchases abroad of manostats increased by X% to X units for the first time since 2017, thus ending a three-year declining trend. Over the period under review, imports saw a slight expansion. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X units in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, manostat imports soared to $X in 2021. Overall, imports showed a strong expansion. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2021, imports remained at a lower figure.

Imports by Country

Italy (X units), China (X units) and Turkey (X units) were the main suppliers of manostat imports to Sri Lanka, with a combined X% share of total imports. Japan, India, Singapore, Poland and Germany lagged somewhat behind, together comprising a further X 2012 to 2021, the biggest increases were in Japan (with a CAGR of +X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of manostat to Sri Lanka, comprising X% of total imports. The second position in the ranking was occupied by Japan ($X), with a X% share of total imports. It was followed by India, with a X% share.

From 2012 to 2021, the average annual growth rate of value from Germany stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+X% per year) and India (+X% per year).

Import Prices by Country

In 2021, the average manostat import price amounted to $X per unit, surging by X% against the previous year. Overall, the import price continues to indicate a buoyant expansion. The pace of growth was the most pronounced in 2018 an increase of X%. The import price peaked in 2021 and is expected to retain growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform