Sri Lanka - Household Hand Tools - Market Analysis, Forecast, Size, Trends And Insights
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View PricingHousehold Hand Tools Price in Sri Lanka - 2021
Contents:
- Household Hand Tools Price in Sri Lanka (CIF) - 2022
- Household Hand Tools Price in Sri Lanka (FOB) - 2022
- Household Hand Tools Imports in Sri Lanka
- Household Hand Tools Exports in Sri Lanka
Household Hand Tools Price in Sri Lanka (CIF) - 2022
The average household hand tools import price stood at $8,350 per ton in 2022, picking up by 13% against the previous year. In general, import price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of +8.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, household hand tools import price increased by +35.6% against 2018 indices. The growth pace was the most rapid in 2013 an increase of 29% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($13,468 per ton), while the price for the United Arab Emirates ($1,204 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+26.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Household Hand Tools Price in Sri Lanka (FOB) - 2022
In 2022, the average household hand tools export price amounted to $8,399 per ton, increasing by 29% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average export price increased by 96%. As a result, the export price reached the peak level of $15,479 per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($15,835 per ton), while the average price for exports to the UK ($1,151 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+40.7%), while the prices for the other major destinations experienced more modest paces of growth.
Household Hand Tools Imports in Sri Lanka
In 2022, the amount of household hand tools imported into Sri Lanka dropped rapidly to 9.7 tons, waning by -95.6% compared with 2021. Overall, imports faced a sharp curtailment. The growth pace was the most rapid in 2021 when imports increased by 55%. As a result, imports reached the peak of 219 tons, and then fell sharply in the following year.
In value terms, household hand tools imports fell rapidly to $81K in 2022. Over the period under review, imports showed a dramatic descent. The pace of growth appeared the most rapid in 2021 when imports increased by 47%. As a result, imports reached the peak of $1.6M, and then fell significantly in the following year.
| Import of Household Hand Tools in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 935 | 1,050 | 1,549 | 55.1 | -61.1% |
| India | 150 | 23.3 | 17.3 | 11.9 | -57.0% |
| Spain | 3.0 | N/A | N/A | 5.1 | 19.3% |
| United Kingdom | N/A | 2.8 | 11.1 | 2.6 | -3.6% |
| Hungary | 1.2 | N/A | 1.7 | 1.3 | 2.7% |
| United Arab Emirates | N/A | N/A | 1.0 | 0.6 | -40.0% |
| Others | 36.7 | 22.9 | 32.8 | 4.7 | -49.6% |
| Total | 1,127 | 1,100 | 1,613 | 81.3 | -58.4% |
Top Suppliers of Household Hand Tools to Sri Lanka in 2022:
- China (6.6 tons)
- India (1.5 tons)
- United Arab Emirates (0.5 tons)
- Spain (0.4 tons)
- Hungary (0.3 tons)
- United Kingdom (0.2 tons)
Household Hand Tools Exports in Sri Lanka
After three years of growth, overseas shipments of household hand tools decreased by -52.6% to 1.9 tons in 2022. Over the period under review, exports, however, recorded a strong increase. The pace of growth was the most pronounced in 2021 with an increase of 116%. As a result, the exports attained the peak of 4 tons, and then reduced dramatically in the following year.
In value terms, household hand tools exports shrank markedly to $16K in 2022. In general, exports, however, continue to indicate a buoyant expansion. The pace of growth was the most pronounced in 2021 with an increase of 41%. As a result, the exports attained the peak of $26K, and then fell markedly in the following year.
| Export of Household Hand Tools in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Maldives | 10.7 | N/A | 6.0 | 7.7 | -10.4% |
| India | N/A | 0.1 | 9.1 | 6.4 | 700.0% |
| United Kingdom | N/A | N/A | N/A | 0.8 | 0% |
| Canada | N/A | 1.2 | 0.2 | 0.5 | -35.5% |
| Thailand | N/A | 0.1 | N/A | 0.3 | 73.2% |
| Seychelles | 0.3 | 0.3 | 0.1 | 0.2 | -12.6% |
| United Arab Emirates | N/A | 0.2 | N/A | 0.1 | -29.3% |
| Costa Rica | N/A | N/A | 1.3 | N/A | 0% |
| Oman | N/A | N/A | 0.6 | N/A | 0% |
| Singapore | N/A | 14.3 | 0.7 | N/A | -95.1% |
| Others | 2.2 | 2.4 | 8.3 | 0.2 | -55.0% |
| Total | 13.4 | 18.7 | 26.4 | 16.1 | 6.3% |
Top Export Markets for Household Hand Tools from Sri Lanka in 2022:
- United Kingdom (685.0 kg)
- Maldives (496.0 kg)
- India (404.0 kg)
- Thailand (154.0 kg)
- United Arab Emirates (72.0 kg)
- Seychelles (63.0 kg)
- Canada (32.0 kg)
This report provides an in-depth analysis of the household hand tools 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 25733065 - Household hand tools
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
- 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
-
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
-
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
-
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
-
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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