Sri Lanka: Super-Heated Water Boiler Market 2022

Super-Heated Water Boiler Market Size in Sri Lanka

The Sri Lankan super-heated water boiler market expanded significantly to $X in 2021, growing 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). In general, consumption, however, saw a deep contraction. Super-heated water boiler consumption peaked at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Super-Heated Water Boiler Exports

Exports from Sri Lanka

Super-heated water boiler exports from Sri Lanka fell rapidly to X kg in 2021, waning by -X% compared with the year before. Over the period under review, exports saw a sharp contraction. The pace of growth was the most pronounced in 2020 when exports increased by X%. The exports peaked at X tons in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, super-heated water boiler exports declined dramatically to $X in 2021. Overall, exports continue to indicate a abrupt decrease. The growth pace was the most rapid in 2020 with an increase of X%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Maldives (X kg) was the main destination for super-heated water boiler exports from Sri Lanka, with a approx. X% share of total exports.

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

In value terms, Maldives ($X) also remains the key foreign market for super-heated water boiler exports from Sri Lanka.

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

Export Prices by Country

In 2021, the average super-heated water boiler export price amounted to $X per ton, surging by X% against the previous year. Overall, the export price continues to indicate a buoyant increase. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. The export price peaked in 2021 and is likely to see gradual growth in the near future.

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.

Super-Heated Water Boiler Imports

Imports into Sri Lanka

In 2021, the amount of super-heated water boilers imported into Sri Lanka skyrocketed to X tons, rising by X% against 2020 figures. Over the period under review, imports, however, saw a deep downturn. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, super-heated water boiler imports expanded modestly to $X in 2021. In general, imports, however, showed a abrupt curtailment. The pace of growth was the most pronounced in 2019 with an increase of X%. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

India (X tons), Malaysia (X tons) and South Korea (X tons) were the main suppliers of super-heated water boiler imports to Sri Lanka, together accounting for X% of total imports. The UK, Germany and China lagged somewhat behind, together accounting for a further X 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the UK (with a CAGR of +X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest super-heated water boiler suppliers to Sri Lanka were Germany ($X), India ($X) and Malaysia ($X), together comprising X% of total imports. The UK, China and South Korea lagged somewhat behind, together comprising a further X UK, 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 mixed trend patterns.

Import Prices by Country

In 2021, the average super-heated water boiler import price amounted to $X per ton, shrinking by -X% against the previous year. In general, the import price showed a deep reduction. The growth pace was the most rapid in 2020 an increase of X%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

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

Source: IndexBox Platform