Sri Lanka - Lifts, Elevators, Moving Stairways and Draglines - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Lift, Elevator, Stairway and Dragline in Sri Lanka - 2021
Contents:
- Price for Lift, Elevator, Stairway and Dragline in Sri Lanka (CIF) - 2022
- Price for Lift, Elevator, Stairway and Dragline in Sri Lanka (FOB) - 2022
- Imports of Lift, Elevator, Stairway and Dragline in Sri Lanka
- Exports of Lift, Elevator, Stairway and Dragline in Sri Lanka
Price for Lift, Elevator, Stairway and Dragline in Sri Lanka (CIF) - 2022
The average import price for lifts, elevators, moving stairways and draglines stood at $9,652 per unit in 2022, reducing by -7.6% against the previous year. Over the period under review, the import price saw a pronounced downturn. The most prominent rate of growth was recorded in 2014 when the average import price increased by 18% against the previous year. As a result, import price reached the peak level of $17,914 per unit. From 2015 to 2022, the average import prices remained at a somewhat 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 Thailand ($27,419 per unit), while the price for India ($3,952 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+16.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Lift, Elevator, Stairway and Dragline in Sri Lanka (FOB) - 2022
The average export price for lifts, elevators, moving stairways and draglines stood at $19,961 per unit in 2022, rising by 43% against the previous year. Overall, export price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of +7.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, lift, elevator, stairway and dragline export price increased by +47.0% against 2020 indices. The pace of growth was the most pronounced in 2014 when the average export price increased by 46%. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in the near future.
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 Guatemala ($63,679 per unit), while the average price for exports to Bahrain ($216 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 Paraguay (+1,172.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Lift, Elevator, Stairway and Dragline in Sri Lanka
In 2022, imports of lifts, elevators, moving stairways and draglines into Sri Lanka shrank notably to 1.7K units, with a decrease of -19.3% on 2021 figures. Overall, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 111%. As a result, imports attained the peak of 2.1K units, and then declined notably in the following year.
In value terms, lift, elevator, stairway and dragline imports fell notably to $17M in 2022. Over the period under review, imports faced a abrupt decline. The most prominent rate of growth was recorded in 2021 with an increase of 85% against the previous year. Imports peaked at $26M in 2019; however, from 2020 to 2022, imports failed to regain momentum.
Import of Lift, Elevator, Stairway and Dragline in Sri Lanka (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 9.3 | 6.2 | 11.5 | 7.6 | -6.5% |
Thailand | 3.9 | 2.1 | 2.8 | 5.1 | 9.4% |
India | 1.1 | 1.1 | 1.7 | 1.6 | 13.3% |
South Korea | 6.6 | 0.4 | 0.8 | 1.3 | -41.8% |
Japan | 0.4 | 0.2 | 0.2 | 0.5 | 7.7% |
Singapore | 0.8 | 0.8 | 1.0 | N/A | 11.8% |
Others | 4.3 | 1.2 | 4.2 | 0.4 | -54.7% |
Total | 26.4 | 12.0 | 22.2 | 16.6 | -14.3% |
Top Suppliers of Lift, Elevator, Stairway and Dragline to Sri Lanka in 2022:
- China (1054.0 units)
- India (397.0 units)
- Thailand (186.0 units)
- Japan (39.0 units)
- South Korea (13.0 units)
- Singapore (2.0 units)
Exports of Lift, Elevator, Stairway and Dragline in Sri Lanka
In 2022, overseas shipments of lifts, elevators, moving stairways and draglines decreased by -27.3% to 165 units, falling for the second consecutive year after two years of growth. In general, exports recorded a deep reduction. The pace of growth appeared the most rapid in 2020 when exports increased by 11%. As a result, the exports attained the peak of 258 units. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, lift, elevator, stairway and dragline exports expanded to $3.3M in 2022. Over the period under review, exports showed a slight contraction. The exports peaked at $3.5M in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.
Export of Lift, Elevator, Stairway and Dragline in Sri Lanka (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Denmark | 738 | 1,780 | 704 | 856 | 5.1% |
Guatemala | N/A | N/A | N/A | 828 | 0% |
France | 1,224 | 587 | 604 | 511 | -25.3% |
Malaysia | 225 | 67.8 | 194 | 502 | 30.7% |
India | 65.5 | 69.6 | 139 | 281 | 62.5% |
United States | 427 | 105 | 266 | 145 | -30.2% |
Paraguay | N/A | N/A | 1.3 | 50.7 | 3800.0% |
Bahrain | N/A | N/A | N/A | 0.9 | 0% |
Philippines | 120 | 58.5 | 2.1 | N/A | -86.8% |
Others | 601 | 837 | 1,265 | 118 | -41.9% |
Total | 3,399 | 3,504 | 3,175 | 3,294 | -1.0% |
Top Export Markets for Lift, Elevator, Stairway and Dragline from Sri Lanka in 2022:
- Denmark (46.0 units)
- France (39.0 units)
- Malaysia (20.0 units)
- India (15.0 units)
- United States (14.0 units)
- Guatemala (13.0 units)
- Bahrain (4.0 units)
- Paraguay (3.0 units)
This report provides an in-depth analysis of the market for lift, elevator, stairway and dragline 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 28221630 - Electrically operated lifts and skip hoists
- Prodcom 28221650 - Lifts and skip hoists (excluding electrically operated)
- Prodcom 28221670 - Escalators and moving walkways
- Prodcom 28221740 - Pneumatic elevators and conveyors
- Prodcom 28221820 - Teleferics, chair-lifts, ski-draglines and traction mechanisms for funiculars
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
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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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