Sri Lanka - Brooms And Brushes Of Twigs - Market Analysis, Forecast, Size, Trends And Insights
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View PricingTwig Broom Price in Sri Lanka - 2021
Contents:
- Twig Broom Price in Sri Lanka (FOB) - 2022
- Twig Broom Price in Sri Lanka (CIF) - 2022
- Twig Broom Exports in Sri Lanka
- Twig Broom Imports in Sri Lanka
Twig Broom Price in Sri Lanka (FOB) - 2022
In 2022, the average twig broom export price amounted to $0.7 per unit, with a decrease of -19.4% against the previous year. Overall, the export price continues to indicate a noticeable slump. The most prominent rate of growth was recorded in 2018 when the average export price increased by 13%. As a result, the export price reached the peak level of $0.9 per unit. From 2019 to 2022, the average export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($1.9 per unit), while the average price for exports to Malaysia ($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 Saudi Arabia (-1.4%), while the prices for the other major destinations experienced a decline.
Twig Broom Price in Sri Lanka (CIF) - 2022
The average twig broom import price stood at $1 per unit in 2022, dropping by -27.2% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.4%. The growth pace was the most rapid in 2013 an increase of 34% against the previous year. Over the period under review, average import prices reached the maximum at $1.3 per unit in 2016; however, from 2017 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Taiwan (Chinese) ($5.4 per unit), while the price for Indonesia ($0.2 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+1.6%), while the prices for the other major suppliers experienced a decline.
Twig Broom Exports in Sri Lanka
In 2022, approx. 47M units of brooms and brushes of twigs were exported from Sri Lanka; with an increase of 106% compared with 2021. In general, exports showed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, twig broom exports surged to $31M in 2022. Over the period under review, exports recorded prominent growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
Export of Twig Broom in Sri Lanka (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 6.5 | 4.5 | 6.2 | 9.5 | 13.5% |
United Kingdom | 3.4 | 2.4 | 3.8 | 5.4 | 16.7% |
Japan | 3.2 | 2.1 | 2.2 | 4.0 | 7.7% |
France | 1.3 | 0.8 | 1.3 | 2.4 | 22.7% |
Netherlands | 0.7 | 0.7 | 0.9 | 1.6 | 31.7% |
United Arab Emirates | 0.8 | 0.6 | 0.9 | 1.5 | 23.3% |
Belgium | 0.8 | 0.6 | 0.7 | 1.4 | 20.5% |
Saudi Arabia | 0.5 | 0.3 | 0.2 | 1.0 | 26.0% |
Malaysia | 0.7 | 0.5 | 0.4 | 0.9 | 8.7% |
Germany | 0.4 | 0.3 | 0.4 | 0.5 | 7.7% |
Taiwan (Chinese) | 0.2 | 0.1 | 0.1 | 0.2 | 0.0% |
Others | 2.3 | 1.8 | 1.9 | 3.1 | 10.5% |
Total | 20.8 | 14.8 | 18.9 | 31.4 | 14.7% |
Top Export Markets for Twig Broom from Sri Lanka in 2022:
- Japan (18.3M units)
- United States (5.1M units)
- United Kingdom (4.8M units)
- Malaysia (4.4M units)
- France (2.6M units)
- United Arab Emirates (2.2M units)
- Netherlands (1.9M units)
- Belgium (1.4M units)
- Saudi Arabia (1.0M units)
- Germany (0.8M units)
- Taiwan (Chinese) (0.7M units)
Twig Broom Imports in Sri Lanka
In 2022, approx. 85K units of brooms and brushes of twigs were imported into Sri Lanka; rising by 385% on the previous year's figure. In general, imports recorded pronounced growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, twig broom imports skyrocketed to $82K in 2022. Over the period under review, imports, however, showed a noticeable decline. Imports peaked at $91K in 2019; however, from 2020 to 2022, imports remained at a lower figure.
Import of Twig Broom in Sri Lanka (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Taiwan (Chinese) | 17.5 | 6.0 | 8.9 | 40.5 | 32.3% |
China | 26.9 | 3.5 | 3.4 | 35.5 | 9.7% |
Netherlands | 3.9 | 0.6 | 3.0 | 2.6 | -12.6% |
India | 0.9 | 0.4 | 0.3 | 2.1 | 32.6% |
Thailand | 12.5 | 0.5 | 2.0 | N/A | -60.0% |
Indonesia | 3.2 | 0.2 | 0.1 | N/A | -82.3% |
Others | 25.8 | 5.3 | 5.4 | 1.2 | -64.0% |
Total | 90.7 | 16.5 | 23.2 | 82.0 | -3.3% |
Top Suppliers of Twig Broom to Sri Lanka in 2022:
- Indonesia (undefinedK units)
- China (74.2K units)
- Taiwan (Chinese) (7.5K units)
- India (2.1K units)
- Netherlands (0.6K units)
This report provides an in-depth analysis of the twig broom 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 32911110 - Brooms and brushes of twigs or other vegetable materials, b ound together
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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