Report Update: May 1, 2024

Sri Lanka - Cranks And Crankshafts - Market Analysis, Forecast, Size, Trends And Insights

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Cranks and Crankshafts Price in Sri Lanka - 2021

Cranks and Crankshafts Price in Sri Lanka (CIF) - 2022

The average cranks and crankshafts import price stood at $14,852 per ton in 2022, with an increase of 4.1% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2019 an increase of 143%. As a result, import price reached the peak level of $17,606 per ton. From 2020 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Taiwan (Chinese) ($15,075 per ton), while the price for the United Arab Emirates ($6,100 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+1.7%), while the prices for the other major suppliers experienced a decline.

Cranks and Crankshafts Price in Sri Lanka (FOB) - 2022

In 2022, the average cranks and crankshafts export price amounted to $16,782 per ton, reducing by -2.4% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 56%. Over the period under review, the average export prices reached the peak figure at $24,976 per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Australia ($19,500 per ton) and the Netherlands ($16,804 per ton), while the average price for exports to Singapore ($16,689 per ton) and Malaysia ($16,744 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+82.1%), while the prices for the other major destinations experienced more modest paces of growth.

Cranks and Crankshafts Imports in Sri Lanka

In 2022, purchases abroad of cranks and crankshafts decreased by -53.6% to 209 tons for the first time since 2018, thus ending a three-year rising trend. In general, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 87%. As a result, imports reached the peak of 449 tons, and then shrank rapidly in the following year.

In value terms, cranks and crankshafts imports dropped notably to $3.1M in 2022. Over the period under review, imports continue to indicate a deep setback. The growth pace was the most rapid in 2021 with an increase of 97%. As a result, imports attained the peak of $6.4M, and then shrank significantly in the following year.

Import of Cranks and Crankshafts in Sri Lanka (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
India	1,239	1,136	2,600	1,083	-4.4%
China	775	744	1,295	742	-1.4%
Germany	299	165	357	241	-6.9%
Italy	199	115	184	135	-12.1%
Japan	221	211	289	119	-18.6%
Denmark	38.4	68.2	88.7	111	42.5%
Singapore	138	148	497	100	-10.2%
Taiwan (Chinese)	89.6	63.8	98.0	78.8	-4.2%
Sweden	8.3	18.9	18.5	69.8	103.4%
United States	175	183	125	58.6	-30.6%
United Arab Emirates	48.2	46.4	18.5	31.5	-13.2%
Others	466	360	840	329	-11.0%
Total	3,696	3,259	6,410	3,099	-5.7%

Top Suppliers of Cranks and Crankshafts to Sri Lanka in 2022:

India (71.8 tons)
China (49.2 tons)
Germany (16.0 tons)
Italy (8.9 tons)
Japan (7.9 tons)
Denmark (7.4 tons)
Singapore (6.7 tons)
Taiwan (Chinese) (5.2 tons)
United Arab Emirates (5.2 tons)
Sweden (4.6 tons)
United States (3.9 tons)

Cranks and Crankshafts Exports in Sri Lanka

In 2022, approx. 858 kg of cranks and crankshafts were exported from Sri Lanka; jumping by 77% on the previous year's figure. In general, exports, however, continue to indicate a sharp downturn.

In value terms, cranks and crankshafts exports skyrocketed to $14K in 2022. Over the period under review, exports, however, continue to indicate a precipitous curtailment.

Export of Cranks and Crankshafts in Sri Lanka (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
India	N/A	1.6	1.5	3.9	56.1%
Maldives	9.8	N/A	1.4	3.5	-29.1%
Malaysia	N/A	N/A	N/A	3.3	0%
Netherlands	N/A	N/A	N/A	1.8	0%
Singapore	1.0	0.5	N/A	0.8	-7.2%
Bangladesh	N/A	N/A	N/A	0.7	0%
Philippines	N/A	N/A	N/A	0.3	0%
Japan	2.4	N/A	N/A	0.1	-65.3%
Seychelles	N/A	2.2	N/A	N/A	0%
South Korea	N/A	N/A	0.2	N/A	0%
Chile	2.1	1.0	N/A	N/A	-52.4%
South Africa	18.8	N/A	N/A	N/A	0%
Australia	2.4	N/A	N/A	N/A	0%
Others	1.9	5.3	5.1	N/A	63.8%
Total	38.5	10.5	8.3	14.4	-28.0%

Top Export Markets for Cranks and Crankshafts from Sri Lanka in 2022:

India (233.0 kg)
Maldives (209.0 kg)
Malaysia (195.0 kg)
Netherlands (107.0 kg)
Singapore (45.0 kg)
Bangladesh (42.0 kg)
Philippines (20.0 kg)
Japan (5.0 kg)
Australia (2.0 kg)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the cranks and crankshafts 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 28152230 - Cranks and crankshafts
Prodcom 28152250 - Cardan shafts
Prodcom 28152270 - Other shafts

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