Sri Lanka: Market for Snow-Ploughs And Snow-Blowers 2022

Market Size for Snow-Ploughs And Snow-Blowers in Sri Lanka

In 2021, the Sri Lankan snow ploughs and blowers market decreased by -X% to $X for the first time since 2017, thus ending a three-year rising trend. In general, consumption recorded a abrupt contraction. Snow ploughs and blowers consumption peaked at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Production of Snow-Ploughs And Snow-Blowers in Sri Lanka

In value terms, snow ploughs and blowers production declined to $X in 2021 estimated in export price. Overall, production continues to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, production reached the maximum level at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Exports of Snow-Ploughs And Snow-Blowers

Exports from Sri Lanka

In 2021, overseas shipments of snow-ploughs and snow-blowers decreased by -X% to X units for the first time since 2011, thus ending a nine-year rising trend. Overall, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. As a result, the exports attained the peak of X units, and then contracted markedly in the following year.

In value terms, snow ploughs and blowers exports declined markedly to $X in 2021. Over the period under review, exports, however, continue to indicate a significant expansion. The growth pace was the most rapid in 2020 with an increase of X%. As a result, the exports attained the peak of $X, and then contracted sharply in the following year.

Exports by Country

Maldives (X units) was the main destination for snow ploughs and blowers exports from Sri Lanka, accounting for a approx. X% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Maldives totaled +X%.

In value terms, Maldives ($X) also remains the key foreign market for snow ploughs and blowers exports from Sri Lanka.

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

Export Prices by Country

The average snow ploughs and blowers export price stood at $X per unit in 2021, dropping by -X% against the previous year. Over the period under review, the export price showed a abrupt decline. The pace of growth was the most pronounced in 2017 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs 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 -X% per year.

Imports of Snow-Ploughs And Snow-Blowers

Imports into Sri Lanka

In 2021, snow ploughs and blowers imports into Sri Lanka was estimated at X units, standing approx. at 2020 figures. Over the period under review, imports showed a resilient expansion. The pace of growth appeared the most rapid in 2020 when imports increased by X%. Imports peaked at X units in 2016; however, from 2017 to 2021, imports failed to regain momentum.

In value terms, snow ploughs and blowers imports fell remarkably to $X in 2021. In general, imports saw a significant expansion. The pace of growth appeared the most rapid in 2016 when imports increased by X%. As a result, imports reached the peak of $X. From 2017 to 2021, the growth imports remained at a somewhat lower figure.

Imports by Country

In 2021, Japan (X units) constituted the largest snow ploughs and blowers supplier to Sri Lanka, with a approx. X% share of total imports.

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

In value terms, Japan ($X) constituted the largest supplier of snow ploughs and blowers to Sri Lanka.

From 2012 to 2021, the average annual rate of growth in terms of value from Japan totaled +X%.

Import Prices by Country

The average snow ploughs and blowers import price stood at $X per unit in 2021, which is down by -X% against the previous year. In general, the import price, however, saw a remarkable increase. The growth pace was the most rapid in 2013 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2014 to 2021, the average import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for Japan.

From 2012 to 2021, the rate of growth in terms of prices for Japan amounted to -X% per year.

Source: IndexBox Platform