Report Update Apr 1, 2024

Sri Lanka - Iron or Steel Gas Domestic Appliances - Market Analysis, Forecast, Size, Trends and Insights

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Sri Lanka: Metal Gas Appliances Market 2024

Metal Gas Appliances Market Size in Sri Lanka

The Sri Lankan metal gas appliances market rose sharply to $X in 2022, with an increase of 14% 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). Over the period under review, consumption saw resilient growth. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Metal Gas Appliances Exports

Exports from Sri Lanka

Metal gas appliances exports from Sri Lanka surged to X units in 2022, rising by 107% on the year before. In general, exports showed a significant expansion. The most prominent rate of growth was recorded in 2017 when exports increased by 200% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, metal gas appliances exports rose modestly to $X in 2022. Over the period under review, exports recorded a significant increase. The most prominent rate of growth was recorded in 2016 when exports increased by 266%. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in years to come.

Exports by Country

India (X units), Bangladesh (X units) and Maldives (X units) were the main destinations of metal gas appliances exports from Sri Lanka.

From 2012 to 2022, the biggest increases were recorded for Bangladesh (with a CAGR of +34.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Bangladesh ($X) remains the key foreign market for iron or steel gas domestic appliances exports from Sri Lanka, comprising 91% of total exports. The second position in the ranking was taken by India ($X), with a 4.6% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Bangladesh totaled +34.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+11.8% per year) and Maldives (+9.2% per year).

Export Prices by Country

The average metal gas appliances export price stood at $X per unit in 2022, reducing by -49.7% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the average export price increased by 72%. Over the period under review, the average export prices attained the peak figure at $X per unit in 2021, and then shrank rapidly in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Bangladesh ($X per unit), while the average price for exports to India ($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 Bangladesh (-0.0%), while the prices for the other major destinations experienced a decline.

Metal Gas Appliances Imports

Imports into Sri Lanka

In 2022, overseas purchases of iron or steel gas domestic appliances increased by 70% to X units, rising for the third year in a row after two years of decline. In general, imports continue to indicate a prominent expansion. The pace of growth appeared the most rapid in 2017 with an increase of 867% against the previous year. As a result, imports reached the peak of X units. From 2018 to 2022, the growth of imports remained at a lower figure.

In value terms, metal gas appliances imports fell sharply to $X in 2022. Over the period under review, imports enjoyed a tangible increase. The growth pace was the most rapid in 2017 with an increase of 1,036% against the previous year. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest metal gas appliances supplier to Sri Lanka, accounting for a 82% share of total imports. Moreover, metal gas appliances imports from China exceeded the figures recorded by the second-largest supplier, India (X units), fivefold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +32.2%.

In value terms, China ($X) constituted the largest supplier of iron or steel gas domestic appliances to Sri Lanka, comprising 66% of total imports. The second position in the ranking was held by India ($X), with a 31% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +32.4%.

Import Prices by Country

In 2022, the average metal gas appliances import price amounted to $X per unit, dropping by -71.5% against the previous year. Overall, the import price saw a deep contraction. The pace of growth appeared the most rapid in 2016 when the average import price increased by 108%. The import price peaked at $X per unit in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

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 India ($X per unit), while the price for China totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+5.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for iron or steel gas domestic appliances in the world?

The countries with the highest volumes of consumption in 2022 were the United States, China and India, with a combined 37% share of global consumption. Japan, Germany, Brazil, Mexico, Thailand, Bangladesh, the UK, Canada, France and the Czech Republic lagged somewhat behind, together comprising a further 30%.

What are the largest producers of iron or steel gas domestic appliances in the world?

The country with the largest volume of metal gas appliances production was China, comprising approx. 33% of total volume. Moreover, metal gas appliances production in China exceeded the figures recorded by the second-largest producer, India, threefold. Japan ranked third in terms of total production with a 5.4% share.

What are the leading suppliers of iron or steel gas domestic appliances to Sri Lanka?

In value terms, China constituted the largest supplier of iron or steel gas domestic appliances to Sri Lanka, comprising 66% of total imports. The second position in the ranking was held by India, with a 31% share of total imports.

What are the leading importers of iron or steel gas domestic appliances from Sri Lanka?

In value terms, Bangladesh remains the key foreign market for iron or steel gas domestic appliances exports from Sri Lanka, comprising 91% of total exports. The second position in the ranking was taken by India, with a 4.6% share of total exports.

What is the average export price for iron or steel gas domestic appliances in Sri Lanka?

In 2022, the average metal gas appliances export price amounted to $101 per unit, waning by -49.7% against the previous year.

What is the average import price for iron or steel gas domestic appliances in Sri Lanka?

In 2022, the average metal gas appliances import price amounted to $20 per unit, dropping by -71.5% against the previous year.

This report provides an in-depth analysis of the metal gas appliances market in Sri Lanka. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 27521234 - Iron or steel gas domestic appliances, including heaters, g rates, fires and braziers, for both gas and other fuels radiators (excluding cooking appliances and plate warmers )

Country coverage:

Sri Lanka

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Sri Lanka
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023