Sri Lanka: Market for Aluminium Doors, Thresholds For Doors And Windows 2024

Market Size for Aluminium Doors, Thresholds For Doors And Windows in Sri Lanka

The Sri Lankan aluminium window and door market reached $X in 2021, approximately mirroring the previous year. Overall, consumption, however, posted a strong expansion. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Production of Aluminium Doors, Thresholds For Doors And Windows in Sri Lanka

In value terms, aluminium window and door production reached $X in 2021 estimated in export price. In general, production, however, saw a strong expansion. The growth pace was the most rapid in 2018 with an increase of 54% against the previous year. Aluminium window and door production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Exports of Aluminium Doors, Thresholds For Doors And Windows

Exports from Sri Lanka

In 2021, aluminium window and door exports from Sri Lanka skyrocketed to X tons, rising by 830% compared with the previous year. Over the period under review, exports enjoyed strong growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, aluminium window and door exports skyrocketed to $X in 2021. Overall, exports posted a buoyant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Canada (X tons), Maldives (X tons) and Japan (X tons) were the main destinations of aluminium window and door exports from Sri Lanka, together accounting for 95% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Maldives (with a CAGR of +45.5%), while the other leaders experienced mixed trend patterns.

In value terms, the largest markets for aluminium window and door exported from Sri Lanka were Canada ($X), Maldives ($X) and Japan ($X), together comprising 91% of total exports.

Maldives, with a CAGR of +34.9%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average aluminium window and door export price amounted to $X per ton, with a decrease of -22.2% against the previous year. Overall, the export price showed a mild setback. The most prominent rate of growth was recorded in 2018 an increase of 70% against the previous year. The export price peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major overseas markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Maldives ($X per ton) and India ($X per ton), while the average price for exports to Canada ($X per ton) and Japan ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Japan (-1.0%), while the prices for the other major destinations experienced a decline.

Imports of Aluminium Doors, Thresholds For Doors And Windows

Imports into Sri Lanka

In 2021, purchases abroad of aluminium doors, thresholds for doors and windows decreased by -42.7% to X tons, falling for the third consecutive year after two years of growth. Over the period under review, imports, however, enjoyed a strong increase. The pace of growth appeared the most rapid in 2014 with an increase of 97%. Over the period under review, imports reached the peak figure at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, aluminium window and door imports dropped sharply to $X in 2021. Overall, imports, however, saw strong growth. The pace of growth appeared the most rapid in 2014 with an increase of 97%. Imports peaked at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of aluminium window and door to Sri Lanka, accounting for a 75% share of total imports. Moreover, aluminium window and door imports from China exceeded the figures recorded by the second-largest supplier, Oman (X tons), eightfold. India (X tons) ranked third in terms of total imports with a 4.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +8.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Oman (+21.0% per year) and India (+31.3% per year).

In value terms, China ($X) constituted the largest supplier of aluminium doors, thresholds for doors and windows to Sri Lanka, comprising 52% of total imports. The second position in the ranking was held by India ($X), with an 8.5% share of total imports. It was followed by Oman, with a 1.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +11.7%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+47.0% per year) and Oman (+20.8% per year).

Import Prices by Country

The average aluminium window and door import price stood at $X per ton in 2021, jumping by 29% against the previous year. In general, import price indicated a notable expansion from 2012 to 2021: its price increased at an average annual rate of +2.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, aluminium window and door import price decreased by -9.4% against 2018 indices. The growth pace was the most rapid in 2016 when the average import price increased by 78%. Over the period under review, average import prices hit record highs at $X per ton in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was India ($X per ton), while the price for Oman ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+59.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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