Sri Lanka - Electric Soldering Irons And Guns - Market Analysis, Forecast, Size, Trends And Insights
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View PricingElectric Soldering Iron Price in Sri Lanka - 2021
Contents:
- Electric Soldering Iron Price in Sri Lanka (CIF) - 2022
- Electric Soldering Iron Price in Sri Lanka (FOB) - 2022
- Electric Soldering Iron Imports in Sri Lanka
- Electric Soldering Iron Exports in Sri Lanka
Electric Soldering Iron Price in Sri Lanka (CIF) - 2022
The average electric soldering iron import price stood at $140 per unit in 2022, falling by -23% against the previous year. Over the period under review, the import price, however, showed a resilient increase. The pace of growth appeared the most rapid in 2019 an increase of 267% against the previous year. Over the period under review, average import prices attained the peak figure at $181 per unit in 2021, and then contracted sharply in the following year.
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 China ($302 per unit), while the price for Japan ($26 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+29.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Electric Soldering Iron Price in Sri Lanka (FOB) - 2022
In 2022, the average electric soldering iron export price amounted to $16 per unit, which is down by -76.5% against the previous year. Overall, the export price saw a abrupt curtailment. The growth pace was the most rapid in 2019 when the average export price increased by 184% against the previous year. As a result, the export price attained the peak level of $69 per unit. From 2020 to 2022, the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Ethiopia ($62 per unit), while the average price for exports to Maldives ($10 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 the Netherlands (+82.5%), while the prices for the other major destinations experienced more modest paces of growth.
Electric Soldering Iron Imports in Sri Lanka
Electric soldering iron imports into Sri Lanka declined to 950 units in 2022, which is down by -10.5% against the previous year. Over the period under review, imports recorded a sharp downturn. The most prominent rate of growth was recorded in 2021 with an increase of 33% against the previous year. Over the period under review, imports hit record highs at 3K units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, electric soldering iron imports fell notably to $133K in 2022. In general, imports continue to indicate a abrupt curtailment. The growth pace was the most rapid in 2021 when imports increased by 87%. As a result, imports attained the peak of $193K, and then declined significantly in the following year.
Import of Electric Soldering Iron in Sri Lanka (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 81.7 | 71.6 | 141 | 91.4 | 3.8% |
Japan | 8.8 | 10.8 | 9.6 | 14.2 | 17.3% |
Hong Kong SAR | 1.7 | 0.1 | 0.5 | 0.9 | -19.1% |
India | 0.4 | 1.0 | 6.4 | 0.7 | 20.5% |
United Arab Emirates | N/A | N/A | N/A | 0.5 | 0% |
Singapore | 2.8 | 0.9 | 1.8 | 0.4 | -47.7% |
Austria | 54.4 | 0.1 | 0.2 | N/A | -93.9% |
Canada | 0.2 | N/A | N/A | N/A | 0% |
Others | 25.9 | 18.3 | 33.1 | 24.5 | -1.8% |
Total | 176 | 103 | 193 | 133 | -8.9% |
Top Suppliers of Electric Soldering Iron to Sri Lanka in 2022:
- Japan (537.0 units)
- China (303.0 units)
- Hong Kong SAR (27.0 units)
- United Arab Emirates (17.0 units)
- India (17.0 units)
- Singapore (16.0 units)
Electric Soldering Iron Exports in Sri Lanka
Electric soldering iron exports from Sri Lanka surged to 168 units in 2022, with an increase of 54% on the previous year's figure. Over the period under review, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 1,717%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.
In value terms, electric soldering iron exports contracted rapidly to $2.6K in 2022. Overall, exports saw a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 2,000%. As a result, the exports reached the peak of $7.3K, and then plummeted in the following year.
Export of Electric Soldering Iron in Sri Lanka (USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United Arab Emirates | N/A | N/A | N/A | 1,933 | 0% |
Ethiopia | 29.0 | 247 | 629 | 370 | 133.7% |
Singapore | N/A | N/A | N/A | 97.0 | 0% |
India | N/A | N/A | N/A | 89.0 | 0% |
Maldives | 36.0 | N/A | 236 | 70.0 | 24.8% |
Seychelles | N/A | N/A | 48.0 | 48.0 | 0.0% |
Switzerland | 1,077 | N/A | 2,705 | N/A | 58.5% |
Netherlands | N/A | N/A | 3,689 | N/A | 0% |
Others | 95.0 | 101 | N/A | 40.0 | -25.0% |
Total | 1,237 | 348 | 7,307 | 2,647 | 28.9% |
Top Export Markets for Electric Soldering Iron from Sri Lanka in 2022:
- United Arab Emirates (140.0 units)
- Maldives (7.0 units)
- Ethiopia (6.0 units)
- Singapore (5.0 units)
- India (5.0 units)
- Seychelles (2.0 units)
This report provides an in-depth analysis of the electric soldering iron 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 27903109 - Electric soldering irons and guns
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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