Sri Lanka: Stainless Steel Angle Market 2025

Stainless Steel Angle Market Size in Sri Lanka

In 2021, the Sri Lankan stainless steel angle market decreased by -22% to $X, falling for the second consecutive year after four years of growth. Over the period under review, consumption, however, enjoyed resilient growth. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Stainless Steel Angle Exports

Exports from Sri Lanka

In 2021, exports of angles, shapes and sections of stainless steel or other alloy steel from Sri Lanka dropped sharply to X tons, declining by -85.5% against 2020 figures. In general, exports recorded a noticeable slump. The pace of growth was the most pronounced in 2020 when exports increased by 333%. As a result, the exports attained the peak of X tons, and then declined notably in the following year.

In value terms, stainless steel angle exports shrank rapidly to $X in 2021. Over the period under review, exports, however, saw a resilient expansion. The most prominent rate of growth was recorded in 2017 when exports increased by 1,242% against the previous year. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Bangladesh (X tons) was the main destination for stainless steel angle exports from Sri Lanka, accounting for a 69% share of total exports. Moreover, stainless steel angle exports to Bangladesh exceeded the volume sent to the second major destination, Maldives (X kg), fourfold. Seychelles (X kg) ranked third in terms of total exports with a 6.6% share.

From 2012 to 2021, the average annual growth rate of volume to Bangladesh totaled +10.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Maldives (-17.7% per year) and Seychelles (+20.4% per year).

In value terms, Kuwait ($X), Bangladesh ($X) and Maldives ($X) were the largest markets for stainless steel angle exported from Sri Lanka worldwide, together accounting for 86% of total exports. Seychelles lagged somewhat behind, accounting for a further 8.3%.

Among the main countries of destination, Seychelles, with a CAGR of +51.4%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average stainless steel angle export price amounted to $X per ton, with an increase of 444% against the previous year. Overall, the export price posted buoyant growth. The pace of growth was the most pronounced in 2017 when the average export price increased by 478% against the previous year. The export price peaked in 2021 and is likely to see steady growth in the near future.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Kuwait ($X per ton), while the average price for exports to Bangladesh ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Seychelles (+25.7%), while the prices for the other major destinations experienced mixed trend patterns.

Stainless Steel Angle Imports

Imports into Sri Lanka

In 2021, supplies from abroad of angles, shapes and sections of stainless steel or other alloy steel decreased by -26.5% to X tons, falling for the second year in a row after four years of growth. Over the period under review, imports, however, continue to indicate a prominent increase. The pace of growth appeared the most rapid in 2017 with an increase of 553% against the previous year. Over the period under review, imports reached the maximum at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, stainless steel angle imports dropped to $X in 2021. In general, imports, however, saw a resilient expansion. The pace of growth was the most pronounced in 2017 when imports increased by 227%. Over the period under review, imports attained the maximum at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

Bahrain (X tons), China (X tons) and Indonesia (X tons) were the main suppliers of stainless steel angle imports to Sri Lanka, with a combined 95% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Bahrain (with a CAGR of +200.9%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Bahrain ($X), China ($X) and India ($X) were the largest stainless steel angle suppliers to Sri Lanka, with a combined 92% share of total imports.

Bahrain, with a CAGR of +237.5%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average stainless steel angle import price stood at $X per ton in 2021, growing by 18% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 an increase of 109% against the previous year. As a result, import price reached the peak level of $X per ton. From 2016 to 2021, the average import prices remained at a lower figure.

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 Taiwan (Chinese) ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bahrain (+12.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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