Sri Lanka: Market for Electric Generating Sets And Rotary Converters 2024

Market Size for Electric Generating Sets And Rotary Converters in Sri Lanka

The Sri Lankan market for electric generating sets and rotary converters skyrocketed to $X in 2021, rising 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, recorded a noticeable downturn. Consumption of peaked at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Exports of Electric Generating Sets And Rotary Converters

Exports from Sri Lanka

In 2021, approx. X units of electric generating sets and rotary converters were exported from Sri Lanka; picking up by X% on 2020 figures. In general, total exports indicated a resilient increase from 2012 to 2021: its volume increased at an average annual rate of X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2015 with an increase of X%. The exports peaked at X units in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of electric generating sets and rotary converters contracted to $X in 2021. Over the period under review, exports recorded a buoyant increase. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. The exports peaked at $X in 2020, and then fell in the following year.

Exports by Country

The United Arab Emirates (X units), Thailand (X units) and Maldives (X units) were the main destinations of exports of electric generating sets and rotary converters from Sri Lanka.

From 2012 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Italy (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X) emerged as the key foreign market for electric generating sets and rotary converters exports from Sri Lanka, comprising X% of total exports. The second position in the ranking was taken by Italy ($X), with a X% share of total exports. It was followed by Maldives, with a X% share.

From 2012 to 2020, the average annual growth rate of value to the United Arab Emirates totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (X% per year) and Maldives (X% per year).

Export Prices by Country

In 2020, the average export price for electric generating sets and rotary converters amounted to $X per unit, growing by X% against the previous year. Over the period under review, the export price posted a prominent increase. The pace of growth was the most pronounced in 2013 an increase of X% against the previous year. The export price peaked in 2020 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per unit), while the average price for exports to Thailand ($X per unit) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Electric Generating Sets And Rotary Converters

Imports into Sri Lanka

In 2021, the amount of electric generating sets and rotary converters imported into Sri Lanka skyrocketed to X units, picking up by X% against the previous year. Over the period under review, imports, however, continue to indicate a pronounced downturn. Over the period under review, imports of attained the maximum at X units in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of electric generating sets and rotary converters fell to $X in 2021. Overall, imports, however, showed a slight contraction. The pace of growth was the most pronounced in 2013 with an increase of X%. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports of remained at a somewhat lower figure.

Imports by Country

In 2020, China (X units) was the main electric generating set and rotary converter supplier to Sri Lanka, accounting for a X% share of total imports. Moreover, imports of electric generating sets and rotary converters from China exceeded the figures recorded by the second-largest supplier, Japan (X units), fourfold. The third position in this ranking was held by the United Arab Emirates (X units), with a X% share.

From 2012 to 2020, the average annual rate of growth in terms of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (X% per year) and the United Arab Emirates (X% per year).

In value terms, China ($X), the United Arab Emirates ($X) and India ($X) were the largest electric generating set and rotary converter suppliers to Sri Lanka, with a combined X% share of total imports. Japan, South Korea, Denmark and Thailand lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Denmark, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average import price for electric generating sets and rotary converters stood at $X per unit in 2020, rising by X% against the previous year. Overall, the import price enjoyed a prominent expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by India (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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