Sri Lanka: Pump For Liquid Market 2024

Pump For Liquid Market Size in Sri Lanka

In 2022, the Sri Lankan pump for liquid market decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. Overall, the total consumption indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2019 indices. As a result, consumption attained the peak level of $X, and then fell rapidly in the following year.

Pump For Liquid Production in Sri Lanka

In value terms, pump for liquid production fell slightly to $X in 2022 estimated in export price. Overall, production, however, saw a noticeable setback. The pace of growth appeared the most rapid in 2021 when the production volume increased by X% against the previous year. Pump for liquid production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Pump For Liquid Exports

Exports from Sri Lanka

Pump for liquid exports from Sri Lanka fell to X units in 2022, shrinking by X% compared with the previous year's figure. In general, exports recorded a abrupt descent. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, the exports reached the peak figure at X units in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, pump for liquid exports contracted remarkably to $X in 2022. Over the period under review, exports continue to indicate a mild shrinkage. The growth pace was the most rapid in 2014 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Maldives (X units), the United Arab Emirates (X units) and India (X units) were the main destinations of pump for liquid exports from Sri Lanka, together comprising X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United Arab Emirates (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, India ($X), Maldives ($X) and the United Arab Emirates ($X) constituted the largest markets for pump for liquid exported from Sri Lanka worldwide, with a combined X% share of total exports.

Among the main countries of destination, the United Arab Emirates, 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

In 2022, the average pump for liquid export price amounted to $X per unit, waning by X% against the previous year. In general, export price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, pump for liquid export price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of X%. As a result, the export price attained the peak level of $X per unit, and then shrank significantly in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was South Korea ($X per unit), while the average price for exports to Australia ($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 Malaysia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Pump For Liquid Imports

Imports into Sri Lanka

After two years of growth, overseas purchases of pumps for liquids and liquid elevators decreased by X% to X units in 2022. In general, imports, however, showed a resilient expansion. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of X units, and then reduced in the following year.

In value terms, pump for liquid imports fell sharply to $X in 2022. Overall, imports saw a pronounced slump. The growth pace was the most rapid in 2021 with an increase of X%. As a result, imports attained the peak of $X, and then fell notably in the following year.

Imports by Country

Vietnam (X units), China (X units) and India (X units) were the main suppliers of pump for liquid imports to Sri Lanka, together accounting for X% of total imports.

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

In value terms, China ($X) constituted the largest supplier of pumps for liquids and liquid elevators to Sri Lanka, comprising X% of total imports. The second position in the ranking was taken by Germany ($X), with a X% share of total imports. It was followed by India, with a X% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and India (X% per year).

Import Prices by Country

The average pump for liquid import price stood at $X per unit in 2022, declining by X% against the previous year. Over the period under review, the import price faced a deep contraction. The most prominent rate of growth was recorded in 2018 an increase of X%. Over the period under review, average import prices reached the peak figure at $X per unit in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Vietnam ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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