Sri Lanka: Market for Articles Of Cellulose Fibre-Cement, Not Containing Asbestos 2024

Market Size for Articles Of Cellulose Fibre-Cement, Not Containing Asbestos in Sri Lanka

The Sri Lankan market for articles of cellulose fibre-cement, not containing asbestos contracted notably to $X in 2022, falling by -49.1% 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 faced a sharp shrinkage. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market failed to regain momentum.

Exports of Articles Of Cellulose Fibre-Cement, Not Containing Asbestos

Exports from Sri Lanka

In 2022, overseas shipments of articles of cellulose fibre-cement, not containing asbestos were finally on the rise to reach X kg for the first time since 2017, thus ending a four-year declining trend. In general, exports, however, faced a sharp decline. The most prominent rate of growth was recorded in 2016 with an increase of 529% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, exports of articles of cellulose fibre-cement, not containing asbestos shrank markedly to $X in 2022. Overall, exports, however, showed a significant contraction. The most prominent rate of growth was recorded in 2013 with an increase of 543%. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

India (X kg) was the main destination for exports of articles of cellulose fibre-cement, not containing asbestos from Sri Lanka, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to India was relatively modest.

In value terms, India ($X) emerged as the key foreign market for articles of cellulose fibre-cement, not containing asbestos exports from Sri Lanka.

From 2012 to 2022, the average annual growth rate of value to India totaled -18.1%.

Export Prices by Country

The average export price for articles of cellulose fibre-cement, not containing asbestos stood at $X per ton in 2022, with a decrease of -54.7% against the previous year. Overall, the export price showed a abrupt curtailment. The most prominent rate of growth was recorded in 2014 an increase of 20% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the average export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2022, the rate of growth in terms of prices for Australia amounted to +1.2% per year.

Imports of Articles Of Cellulose Fibre-Cement, Not Containing Asbestos

Imports into Sri Lanka

For the third year in a row, Sri Lanka recorded decline in supplies from abroad of articles of cellulose fibre-cement, not containing asbestos, which decreased by -46% to X tons in 2022. Overall, imports recorded a abrupt decline. The most prominent rate of growth was recorded in 2016 when imports increased by 256% against the previous year. As a result, imports reached the peak of X tons. From 2017 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of articles of cellulose fibre-cement, not containing asbestos shrank markedly to $X in 2022. Over the period under review, imports showed a significant curtailment. The growth pace was the most rapid in 2016 when imports increased by 189%. Over the period under review, imports of hit record highs at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, India (X tons) constituted the largest articles of cellulose fibre-cement, not containing asbestos supplier to Sri Lanka, with a 88% share of total imports. Moreover, imports of articles of cellulose fibre-cement, not containing asbestos from India exceeded the figures recorded by the second-largest supplier, China (X kg), more than tenfold. Italy (X kg) ranked third in terms of total imports with a 2.7% share.

From 2012 to 2022, the average annual growth rate of volume from India totaled -9.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-33.7% per year) and Italy (+20.6% per year).

In value terms, India ($X) constituted the largest supplier of articles of cellulose fibre-cement, not containing asbestos to Sri Lanka, comprising 74% of total imports. The second position in the ranking was taken by China ($X), with an 11% share of total imports. It was followed by Italy, with a 4.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value from India amounted to -9.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-25.7% per year) and Italy (+5.4% per year).

Import Prices by Country

In 2022, the average import price for articles of cellulose fibre-cement, not containing asbestos amounted to $X per ton, waning by -8.7% against the previous year. In general, the import price saw a abrupt shrinkage. The growth pace was the most rapid in 2018 when the average import price increased by 69%. The import price peaked at $X per ton in 2012; however, from 2013 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 China ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+64.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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