Sri Lanka: Non-Electric Pulley Tackle Market 2022

Non-Electric Pulley Tackle Market Size in Sri Lanka

The Sri Lankan non-electric pulley tackle market skyrocketed to $X in 2021, picking up 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). Overall, consumption enjoyed a buoyant increase. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market remained at a somewhat lower figure.

Non-Electric Pulley Tackle Exports

Exports from Sri Lanka

In 2021, exports of pulley tackle and hoists, non-powered by electric motor from Sri Lanka reduced markedly to X units, declining by -X% compared with the previous year's figure. Overall, exports, however, enjoyed a buoyant expansion. The growth pace was the most rapid in 2014 when exports increased by X%. As a result, the exports reached the peak of X units. From 2015 to 2021, the growth of the exports failed to regain momentum.

In value terms, non-electric pulley tackle exports reduced markedly to $X in 2021. In general, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2020, and then shrank markedly in the following year.

Exports by Country

India (X units), Maldives (X units) and Canada (X units) were the main destinations of non-electric pulley tackle exports from Sri Lanka, together comprising X% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Maldives (with a CAGR of +X%), while the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), India ($X) and Maldives ($X) were the largest markets for non-electric pulley tackle exported from Sri Lanka worldwide, with a combined X% share of total exports.

In terms of the main countries of destination, the UK, with a CAGR of +X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average non-electric pulley tackle export price stood at $X per unit in 2021, picking up by X% against the previous year. Overall, the export price posted buoyant growth. The most prominent rate of growth was recorded in 2019 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2020 to 2021, the the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was the UK ($X per unit), while the average price for exports to Canada ($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 the Netherlands (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Electric Pulley Tackle Imports

Imports into Sri Lanka

In 2021, imports of pulley tackle and hoists, non-powered by electric motor into Sri Lanka surged to X units, picking up by X% against the previous year. Over the period under review, imports posted strong growth. The growth pace was the most rapid in 2019 with an increase of X%. As a result, imports attained the peak of X units. From 2020 to 2021, the growth imports failed to regain momentum.

In value terms, non-electric pulley tackle imports skyrocketed to $X in 2021. Overall, imports recorded a prominent increase. The most prominent rate of growth was recorded in 2019 with an increase of X%. As a result, imports reached the peak of $X. From 2020 to 2021, the growth imports remained at a lower figure.

Imports by Country

China (X units), Austria (X units) and Japan (X units) were the main suppliers of non-electric pulley tackle imports to Sri Lanka, with a combined X% share of total imports.

From 2012 to 2021, the biggest increases were in Austria (with a CAGR of +X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest non-electric pulley tackle suppliers to Sri Lanka were Austria ($X), China ($X) and South Korea ($X), together comprising X% of total imports.

Austria, with a CAGR of +X%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average non-electric pulley tackle import price stood at $X per unit in 2021, dropping by -X% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the average import price increased by X%. As a result, import price attained the peak level of $X per unit. From 2017 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was South Korea ($X per unit), while the price for Denmark ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform