Sri Lanka: Market for Road-Sweepers, Mobile Workshops and Other Special Purpose Vehicles 2024

Market Size for Road-Sweepers, Mobile Workshops and Other Special Purpose Vehicles in Sri Lanka

The Sri Lankan market for road-sweepers, mobile workshops and other special purpose vehicles was finally on the rise to reach $X in 2021, after two years of decline. In general, consumption enjoyed moderate growth. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.

Exports of Road-Sweepers, Mobile Workshops and Other Special Purpose Vehicles

Exports from Sri Lanka

In 2021, approx. X units of road-sweepers, mobile workshops and other special purpose vehicles were exported from Sri Lanka; remaining relatively unchanged against the previous year's figure. In general, exports enjoyed buoyant growth. The pace of growth was the most pronounced in 2014 with an increase of 300%. Over the period under review, the exports of reached the maximum at X units in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of road-sweepers, mobile workshops and other special purpose vehicles stood at $X in 2021. Overall, exports saw buoyant growth. The most prominent rate of growth was recorded in 2014 when exports increased by 218%. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports of remained at a lower figure.

Exports by Country

Maldives (X units) was the main destination for exports of road-sweepers, mobile workshops and other special purpose vehicles from Sri Lanka, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Maldives stood at +9.1%.

In value terms, Maldives ($X) also remains the key foreign market for road-sweepers, mobile workshops and other special purpose vehicles exports from Sri Lanka.

From 2012 to 2021, the average annual growth rate of value to Maldives totaled +57.0%.

Export Prices by Country

The average export price for road-sweepers, mobile workshops and other special purpose vehicles stood at $X per unit in 2021, therefore, remained relatively stable against the previous year. In general, the export price, however, showed a noticeable contraction. The most prominent rate of growth was recorded in 2017 an increase of 54% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Maldives.

From 2012 to 2021, the rate of growth in terms of prices for Maldives amounted to +3.0% per year.

Imports of Road-Sweepers, Mobile Workshops and Other Special Purpose Vehicles

Imports into Sri Lanka

In 2021, overseas purchases of road-sweepers, mobile workshops and other special purpose vehicles increased by 39% to X units for the first time since 2018, thus ending a two-year declining trend. Overall, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when imports increased by 92%. As a result, imports reached the peak of X units. From 2015 to 2021, the growth of imports of failed to regain momentum.

In value terms, imports of road-sweepers, mobile workshops and other special purpose vehicles skyrocketed to $X in 2021. In general, imports recorded a moderate increase. The most prominent rate of growth was recorded in 2014 when imports increased by 88% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports of remained at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of road-sweepers, mobile workshops and other special purpose vehicles to Sri Lanka, accounting for a 28% share of total imports. Moreover, imports of road-sweepers, mobile workshops and other special purpose vehicles from China exceeded the figures recorded by the second-largest supplier, Japan (X units), twofold. Austria (X units) ranked third in terms of total imports with a 7.4% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +17.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-8.8% per year) and Austria (0.0% per year).

In value terms, the largest road-sweepers, mobile workshops and other special purpose vehicles suppliers to Sri Lanka were Austria ($X), China ($X) and Australia ($X), with a combined 54% share of total imports.

Australia, with a CAGR of +99.5%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average import price for road-sweepers, mobile workshops and other special purpose vehicles amounted to $X per unit, increasing by 9.3% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.8%. The pace of growth was the most pronounced in 2020 an increase of 24%. Over the period under review, average import prices attained the peak figure at $X per unit in 2017; however, from 2018 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Austria ($X per unit), while the price for Sudan ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+17.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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