Sri Lanka: Overhead Travelling Crane Market 2024

Overhead Travelling Crane Market Size in Sri Lanka

The Sri Lankan overhead travelling crane market soared to $X in 2023, jumping by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption saw a perceptible increase. Over the period under review, the market attained the peak level at $X in 2017; however, from 2018 to 2023, consumption remained at a lower figure.

Overhead Travelling Crane Exports

Exports from Sri Lanka

In 2019, overseas shipments of overhead travelling cranes on fixed support decreased by X% to X units, falling for the second year in a row after two years of growth. In general, exports showed a significant expansion. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure in 2019 and are expected to retain growth in the near future.

In value terms, overhead travelling crane exports amounted to $X in 2019. Overall, exports continue to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2019, the exports failed to regain momentum.

Exports by Country

Oman (X units), Uganda (X units) and Japan (X units) were the main destinations of overhead travelling crane exports from Sri Lanka, together comprising X% of total exports.

From 2012 to 2019, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Oman (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

It was followed by Oman, with an X% share.

From 2012 to 2019, the average annual rate of growth in terms of value to Uganda amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Seychelles (X% per year) and Oman (X% per year).

Export Prices by Country

In 2019, the average overhead travelling crane export price amounted to $X per unit, almost unchanged from the previous year. Over the period under review, the export price showed a dramatic setback. The pace of growth appeared the most rapid in 2013 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2016; however, from 2017 to 2019, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Uganda ($X per unit), while the average price for exports to Japan ($X per unit) was amongst the lowest.

From 2012 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Seychelles (X%), while the prices for the other major destinations experienced a decline.

Overhead Travelling Crane Imports

Imports into Sri Lanka

In 2023, overseas purchases of overhead travelling cranes on fixed support increased by X% to X units, rising for the second year in a row after two years of decline. Overall, total imports indicated a moderate increase from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2021 indices. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Imports peaked at X units in 2019; however, from 2020 to 2023, imports failed to regain momentum.

In value terms, overhead travelling crane imports skyrocketed to $X in 2023. Over the period under review, imports saw a temperate expansion. Over the period under review, imports attained the peak figure at $X in 2017; however, from 2018 to 2023, imports failed to regain momentum.

Imports by Country

China (X units), Norway (X units) and India (X units) were the main suppliers of overhead travelling crane imports to Sri Lanka, with a combined X% share of total imports. Moreover, overhead travelling crane imports in China exceeded the figures recorded by the second-largest supplier, Norway, twofold.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of overhead travelling cranes on fixed support to Sri Lanka, comprising X% of total imports. The second position in the ranking was held by India ($X), with an X% share of total imports. It was followed by Iran, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and Iran (X% per year).

Import Prices by Country

The average overhead travelling crane import price stood at $X per unit in 2023, rising by X% against the previous year. Over the period under review, the import price showed noticeable growth. Over the period under review, average import prices hit record highs at $X per unit in 2013; however, from 2014 to 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was China ($X per unit), while the price for Denmark ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Norway (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform