Sri Lanka - Non-Electrical Lamps And Lighting Fittings - Market Analysis, Forecast, Size, Trends And Insights
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View PricingNon-Electrical Lamp Price in Sri Lanka - 2021
Contents:
- Non-Electrical Lamp Price in Sri Lanka (CIF) - 2022
- Non-Electrical Lamp Price in Sri Lanka (FOB) - 2022
- Non-Electrical Lamp Imports in Sri Lanka
- Non-Electrical Lamp Exports in Sri Lanka
Non-Electrical Lamp Price in Sri Lanka (CIF) - 2022
The average non-electrical lamp import price stood at $2.1 per unit in 2022, jumping by 30% against the previous year. Overall, import price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, non-electrical lamp import price decreased by -8.6% against 2020 indices. The most prominent rate of growth was recorded in 2013 when the average import price increased by 33% against the previous year. The import price peaked at $2.7 per unit in 2014; however, from 2015 to 2022, import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($2.1 per unit), while the price for India totaled $1.4 per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Non-Electrical Lamp Price in Sri Lanka (FOB) - 2022
The average non-electrical lamp export price stood at $4.4 per unit in 2022, surging by 26% against the previous year. Overall, export price indicated strong 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, non-electrical lamp export price increased by +75.3% against 2019 indices. The most prominent rate of growth was recorded in 2021 an increase of 32% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to continue growth in years to come.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($4.8 per unit), while the average price for exports to Australia ($0.2 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 Myanmar (+38.0%), while the prices for the other major destinations experienced more modest paces of growth.
Non-Electrical Lamp Imports in Sri Lanka
In 2022, approx. 217K units of non-electrical lamps and lighting fittings were imported into Sri Lanka; declining by -56.5% against 2021 figures. Over the period under review, imports showed a deep reduction. The pace of growth appeared the most rapid in 2021 when imports increased by 222% against the previous year. As a result, imports attained the peak of 498K units, and then shrank rapidly in the following year.
In value terms, non-electrical lamp imports fell remarkably to $458K in 2022. Overall, imports recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by 127%. As a result, imports reached the peak of $814K, and then declined dramatically in the following year.
Import of Non-Electrical Lamp in Sri Lanka (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 315 | 176 | 284 | 409 | 9.1% |
India | 304 | 160 | 509 | 24.5 | -56.8% |
United States | 98.0 | 18.0 | 8.7 | N/A | -70.2% |
Others | 94.3 | 4.7 | 11.6 | 25.4 | -35.4% |
Total | 811 | 359 | 814 | 458 | -17.3% |
Top Suppliers of Non-Electrical Lamp to Sri Lanka in 2022:
- China (195.7K units)
- India (17.1K units)
Non-Electrical Lamp Exports in Sri Lanka
In 2022, approx. 80K units of non-electrical lamps and lighting fittings were exported from Sri Lanka; with a decrease of -65.7% against the year before. Over the period under review, exports showed a dramatic shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by 99%. The exports peaked at 234K units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, non-electrical lamp exports declined dramatically to $349K in 2022. In general, exports showed a abrupt descent. The most prominent rate of growth was recorded in 2021 with an increase of 164%. As a result, the exports attained the peak of $807K, and then reduced notably in the following year.
Export of Non-Electrical Lamp in Sri Lanka (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United Kingdom | 453 | 277 | 757 | 308 | -12.1% |
Mauritius | 9.9 | 6.2 | 7.0 | 16.9 | 19.5% |
United Arab Emirates | N/A | 5.4 | 0.3 | 11.1 | 43.4% |
New Zealand | 0.3 | 0.4 | 0.2 | 0.9 | 44.2% |
Australia | 0.4 | 0.2 | 2.1 | 0.2 | -20.6% |
Others | 120 | 16.7 | 39.8 | 11.7 | -54.0% |
Total | 583 | 306 | 807 | 349 | -15.7% |
Top Export Markets for Non-Electrical Lamp from Sri Lanka in 2022:
- United Kingdom (64.2K units)
- Mauritius (7.5K units)
- United Arab Emirates (2.4K units)
- Australia (1.4K units)
- New Zealand (1.3K units)
This report provides an in-depth analysis of the non-electrical lamp 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 27402300 - Non-electrical lamps and lighting fittings
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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