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Sri Lanka - Electrical Lighting Or Visual Signaling Equipment For Motor Vehicles And Cycles - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Lighting Equipment for Motor Vehicles in Sri Lanka - 2021
Contents:
- Price for Lighting Equipment for Motor Vehicles in Sri Lanka (CIF) - 2022
- Price for Lighting Equipment for Motor Vehicles in Sri Lanka (FOB) - 2022
- Imports of Lighting Equipment for Motor Vehicles in Sri Lanka
- Exports of Lighting Equipment for Motor Vehicles in Sri Lanka
Price for Lighting Equipment for Motor Vehicles in Sri Lanka (CIF) - 2022
The average import price for electrical lighting or visual signaling equipment for motor vehicles and cycles stood at $2.8 per unit in 2022, dropping by -11.6% against the previous year. Overall, import price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, lighting equipment for motor vehicles import price decreased by -17.2% against 2020 indices. The most prominent rate of growth was recorded in 2013 when the average import price increased by 36% against the previous year. Over the period under review, average import prices hit record highs at $3.4 per unit in 2020; however, from 2021 to 2022, import prices remained at a 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 Japan ($8.2 per unit), while the price for Hong Kong SAR ($1 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+10.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Lighting Equipment for Motor Vehicles in Sri Lanka (FOB) - 2022
In 2022, the average export price for electrical lighting or visual signaling equipment for motor vehicles and cycles amounted to $7.2 per unit, dropping by -6.5% against the previous year. Over the period under review, the export price saw a abrupt slump. The pace of growth was the most pronounced in 2014 when the average export price increased by 56% against the previous year. The export price peaked at $17 per unit in 2018; however, from 2019 to 2022, the export prices remained at a 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 Australia ($82 per unit), while the average price for exports to Saudi Arabia ($0.5 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 Australia (+23.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Lighting Equipment for Motor Vehicles in Sri Lanka
In 2022, lighting equipment for motor vehicles imports into Sri Lanka contracted sharply to 1.1M units, dropping by -60.4% compared with the year before. Over the period under review, imports continue to indicate a deep contraction. The pace of growth appeared the most rapid in 2021 with an increase of 63%. As a result, imports attained the peak of 2.8M units, and then contracted rapidly in the following year.
In value terms, lighting equipment for motor vehicles imports contracted notably to $3.2M in 2022. In general, imports recorded a precipitous setback. The pace of growth was the most pronounced in 2021 when imports increased by 52% against the previous year. As a result, imports reached the peak of $9M, and then fell remarkably in the following year.
Import of Lighting Equipment for Motor Vehicles in Sri Lanka (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
India | 2,310 | 2,529 | 4,355 | 1,232 | -18.9% |
China | 983 | 855 | 1,590 | 731 | -9.4% |
Japan | 1,595 | 1,259 | 1,243 | 486 | -32.7% |
Hong Kong SAR | 12.3 | 63.3 | 119 | 147 | 128.6% |
Thailand | 229 | 229 | 267 | 66.0 | -33.9% |
Taiwan (Chinese) | 163 | 152 | 131 | 26.7 | -45.3% |
Others | 872 | 841 | 1,322 | 473 | -18.4% |
Total | 6,164 | 5,928 | 9,027 | 3,161 | -20.0% |
Top Suppliers of Lighting Equipment for Motor Vehicles to Sri Lanka in 2022:
- India (471.2K units)
- China (376.5K units)
- Hong Kong SAR (152.9K units)
- Japan (59.5K units)
- Thailand (14.5K units)
- Taiwan (Chinese) (7.8K units)
Exports of Lighting Equipment for Motor Vehicles in Sri Lanka
In 2022, shipments abroad of electrical lighting or visual signaling equipment for motor vehicles and cycles decreased by -56.8% to 3K units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, showed a resilient increase. The pace of growth was the most pronounced in 2021 when exports increased by 144%. As a result, the exports reached the peak of 7K units, and then reduced rapidly in the following year.
In value terms, lighting equipment for motor vehicles exports contracted markedly to $22K in 2022. Overall, exports, however, showed a temperate expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 76% against the previous year. As a result, the exports attained the peak of $54K, and then declined sharply in the following year.
Export of Lighting Equipment for Motor Vehicles in Sri Lanka (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Maldives | 2.0 | 4.9 | 8.5 | 6.9 | 51.1% |
Australia | 0.1 | 0.3 | 1.7 | 5.9 | 289.3% |
Oman | N/A | 10.7 | 18.5 | 2.4 | -52.6% |
Germany | 2.1 | 5.0 | 7.9 | 1.9 | -3.3% |
United Arab Emirates | 1.7 | 0.7 | 1.9 | 1.3 | -8.6% |
Saudi Arabia | N/A | N/A | 3.9 | 0.4 | -89.7% |
United Kingdom | 0.3 | 0.5 | 2.0 | 0.1 | -30.7% |
Netherlands | 3.0 | N/A | N/A | 0.1 | -67.8% |
Denmark | 0.9 | N/A | N/A | N/A | 0% |
China | 3.2 | 2.8 | 6.9 | N/A | 46.8% |
India | 0.3 | 0.2 | 0.8 | N/A | 63.3% |
Mali | 4.5 | 0.4 | 0.4 | N/A | -70.2% |
Bangladesh | 0.1 | 0.1 | 0.2 | N/A | 41.4% |
Others | 2.5 | 5.3 | 1.6 | 3.0 | 6.3% |
Total | 20.7 | 30.9 | 54.3 | 22.0 | 2.1% |
Top Export Markets for Lighting Equipment for Motor Vehicles from Sri Lanka in 2022:
- Maldives (1287.0 units)
- Saudi Arabia (704.0 units)
- Germany (500.0 units)
- Oman (195.0 units)
- United Arab Emirates (104.0 units)
- Australia (72.0 units)
- Netherlands (61.0 units)
- United Kingdom (10.0 units)
- Bangladesh (2.0 units)
This report provides an in-depth analysis of the market for lighting equipment for motor vehicles 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 27403910 - Electrical lighting or visual signalling equipment for motor vehicles (excluding electric filament or discharge lamps, s ealed beam lamp units, ultraviolet, infrared and arc lamps)
- Prodcom 29312310 - Electrical or battery operated lighting or visual signalling of a kind used on bicycles
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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