Report Update: May 1, 2024

Sri Lanka - Clutches And Shaft Couplings - Market Analysis, Forecast, Size, Trends And Insights

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Shaft Coupling Price in Sri Lanka - 2021

Shaft Coupling Price in Sri Lanka (CIF) - 2022

The average shaft coupling import price stood at $27,584 per ton in 2022, declining by -4.9% against the previous year. In general, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of 8.1%. The import price peaked at $30,343 per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Denmark ($27,591 per ton) and Malaysia ($27,590 per ton), while the price for the UK ($27,578 per ton) and the United States ($27,579 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (-0.8%), while the prices for the other major suppliers experienced a decline.

Shaft Coupling Price in Sri Lanka (FOB) - 2022

In 2022, the average shaft coupling export price amounted to $35,029 per ton, with an increase of 58% against the previous year. Overall, the export price, however, saw a pronounced curtailment. The pace of growth appeared the most rapid in 2019 an increase of 87%. Over the period under review, the average export prices hit record highs at $49,333 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat 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 Russia ($35,119 per ton), while the average price for exports to Seychelles ($18,000 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Denmark (+45.0%), while the prices for the other major destinations experienced more modest paces of growth.

Shaft Coupling Imports in Sri Lanka

In 2022, imports of clutches and shaft couplings into Sri Lanka declined sharply to 48 tons, waning by -18.4% compared with the year before. Over the period under review, total imports indicated noticeable growth from 2019 to 2022: its volume increased at an average annual rate of +4.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +38.4% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 69% against the previous year. As a result, imports reached the peak of 59 tons, and then reduced remarkably in the following year.

In value terms, shaft coupling imports contracted sharply to $1.3M in 2022. In general, total imports indicated a temperate increase from 2019 to 2022: its value increased at an average annual rate of +4.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +29.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 66%. As a result, imports reached the peak of $1.7M, and then declined remarkably in the following year.

Import of Shaft Coupling in Sri Lanka (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
India	263	214	400	415	16.4%
China	124	138	299	212	19.6%
Germany	134	108	204	177	9.7%
Finland	0.7	0.5	31.5	76.7	378.5%
United States	33.5	14.3	64.9	51.6	15.5%
Denmark	13.4	23.8	36.5	50.9	56.0%
Taiwan (Chinese)	42.7	30.0	47.9	47.3	3.5%
Austria	0.5	0.8	1.2	42.9	341.1%
United Kingdom	29.1	27.4	29.9	41.6	12.7%
Japan	48.0	51.2	114	37.7	-7.7%
Italy	20.6	14.6	28.1	34.3	18.5%
Singapore	32.9	30.9	44.1	25.9	-7.7%
Malaysia	5.8	2.7	21.0	22.6	57.4%
Others	429	377	400	101	-38.3%
Total	1,177	1,034	1,722	1,337	4.3%

Top Suppliers of Shaft Coupling to Sri Lanka in 2022:

India (15.1 tons)
China (7.7 tons)
Germany (6.4 tons)
Finland (2.8 tons)
United States (1.9 tons)
Denmark (1.8 tons)
Taiwan (Chinese) (1.7 tons)
Austria (1.6 tons)
United Kingdom (1.5 tons)
Japan (1.4 tons)
Italy (1.2 tons)
Singapore (0.9 tons)
Malaysia (0.8 tons)

Shaft Coupling Exports in Sri Lanka

In 2022, overseas shipments of clutches and shaft couplings were finally on the rise to reach 718 kg after two years of decline. Over the period under review, exports recorded a tangible increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, shaft coupling exports surged to $25K in 2022. In general, exports continue to indicate a pronounced increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Export of Shaft Coupling in Sri Lanka (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Russia	N/A	N/A	N/A	13.8	0%
Maldives	1.9	0.2	N/A	10.5	76.8%
Singapore	0.1	0.2	N/A	0.5	71.0%
Denmark	1.4	0.9	0.1	N/A	-73.3%
Germany	1.5	N/A	N/A	N/A	0%
United Kingdom	1.8	1.2	0.1	N/A	-76.4%
India	6.8	1.2	N/A	N/A	-82.4%
Oman	5.4	N/A	N/A	N/A	0%
Canada	0.6	0.3	N/A	N/A	-50.0%
Others	3.7	3.2	0.6	0.3	-56.7%
Total	23.2	7.1	0.9	25.2	2.8%

Top Export Markets for Shaft Coupling from Sri Lanka in 2022:

Russia (394.0 kg)
Maldives (300.0 kg)
Singapore (14.0 kg)
India (1.0 kg)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the shaft coupling 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 28152600 - Clutches and shaft couplings (including universal joints)

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023