Sri Lanka: Market for Base Metal Automatic Door Closers 2025

Market Size for Base Metal Automatic Door Closers in Sri Lanka

In 2021, the Sri Lankan metal automatic door closer market was finally on the rise to reach $X after three years of decline. Overall, consumption saw resilient growth. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market remained at a somewhat lower figure.

Exports of Base Metal Automatic Door Closers

Exports from Sri Lanka

After two years of decline, overseas shipments of base metal automatic door closers increased by 128% to X tons in 2021. Over the period under review, exports, however, recorded a abrupt decrease. The most prominent rate of growth was recorded in 2015 with an increase of 260%. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, metal automatic door closer exports soared to $X in 2021. Overall, exports, however, showed a noticeable curtailment. The most prominent rate of growth was recorded in 2015 with an increase of 191% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Oman (X tons) was the main destination for metal automatic door closer exports from Sri Lanka, with a 76% share of total exports. Moreover, metal automatic door closer exports to Oman exceeded the volume sent to the second major destination, Maldives (X kg), sixfold. India (X kg) ranked third in terms of total exports with a 4.3% share.

From 2012 to 2021, the average annual growth rate of volume to Oman amounted to -13.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Maldives (+29.6% per year) and India (+0.2% per year).

In value terms, Oman ($X) remains the key foreign market for base metal automatic door closers exports from Sri Lanka, comprising 35% of total exports. The second position in the ranking was taken by Maldives ($X), with a 13% share of total exports. It was followed by India, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Oman stood at -11.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Maldives (+27.4% per year) and India (+23.0% per year).

Export Prices by Country

The average metal automatic door closer export price stood at $X per ton in 2021, with a decrease of -2% against the previous year. Overall, the export price, however, enjoyed a strong increase. The pace of growth appeared the most rapid in 2014 an increase of 79%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bangladesh ($X per ton), while the average price for exports to Oman ($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 India (+22.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Base Metal Automatic Door Closers

Imports into Sri Lanka

In 2021, after two years of decline, there was significant growth in overseas purchases of base metal automatic door closers, when their volume increased by 22% to X tons. Over the period under review, total imports indicated a noticeable increase from 2012 to 2021: its volume increased at an average annual rate of +2.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2015 with an increase of 115% against the previous year. As a result, imports reached the peak of X tons. From 2016 to 2021, the growth of imports remained at a lower figure.

In value terms, metal automatic door closer imports skyrocketed to $X in 2021. In general, imports continue to indicate a prominent expansion. The pace of growth was the most pronounced in 2015 with an increase of 117%. As a result, imports attained the peak of $X. From 2016 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest metal automatic door closer supplier to Sri Lanka, with a 75% share of total imports. Moreover, metal automatic door closer imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X tons), more than tenfold. The third position in this ranking was taken by Singapore (X tons), with a 6.1% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +6.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (-11.2% per year) and Singapore (+22.7% per year).

In value terms, the largest metal automatic door closer suppliers to Sri Lanka were Singapore ($X), China ($X) and India ($X), with a combined 66% share of total imports.

Singapore, with a CAGR of +45.5%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average metal automatic door closer import price amounted to $X per ton, leveling off at the previous year. Over the last nine-year period, it increased at an average annual rate of +3.9%. The growth pace was the most rapid in 2014 when the average import price increased by 20%. Over the period under review, average import prices hit record highs in 2021 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Singapore ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+18.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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