Report Update Nov 1, 2024

Sri Lanka - Bituminous Mixtures - Market Analysis, Forecast, Size, Trends and Insights

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Sri Lanka: Bituminous Mixtures Market 2024

Bituminous Mixtures Market Size in Sri Lanka

After four years of growth, the Sri Lankan bituminous mixtures market decreased by -2.3% to $X in 2021. Overall, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2020, and then fell in the following year.

Bituminous Mixtures Production in Sri Lanka

In value terms, bituminous mixtures production contracted to $X in 2021 estimated in export price. In general, production recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of 25%. Over the period under review, production attained the peak level at $X in 2020, and then contracted in the following year.

Bituminous Mixtures Exports

Exports from Sri Lanka

In 2020, approx. X tons of bituminous mixtures were exported from Sri Lanka; therefore, remained relatively stable against 2019. In general, exports faced a sharp curtailment. The smallest decline of 99.9% was in 2017. The exports peaked at X tons in 2016; however, from 2017 to 2020, the exports failed to regain momentum.

In value terms, bituminous mixtures exports amounted to $X in 2020. Overall, exports recorded a significant decline. The smallest decline of 99.9% was in 2017. Over the period under review, the exports attained the peak figure at $X in 2016; however, from 2017 to 2020, the exports failed to regain momentum.

Exports by Country

Maldives (X tons) was the main destination for bituminous mixtures exports from Sri Lanka, accounting for a approx. 99.9% share of total exports.

From 2016 to 2020, the average annual rate of growth in terms of volume to Maldives stood at -66.5%.

From 2016 to 2020, the average annual rate of growth in terms of value to Maldives amounted to -53.9%.

Export Prices by Country

In 2020, the average bituminous mixtures export price amounted to $X per ton, stabilizing at the previous year. Over the period under review, the export price enjoyed a significant expansion. The pace of growth appeared the most rapid in 2017 when the average export price decreased by 99.9%. Over the period under review, the average export prices reached the maximum in 2020 and is expected to retain growth in the near future.

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

From 2016 to 2020, the rate of growth in terms of prices for Maldives amounted to +37.6% per year.

Bituminous Mixtures Imports

Imports into Sri Lanka

Bituminous mixtures imports into Sri Lanka surged to X tons in 2021, with an increase of 60% against 2020. In general, imports continue to indicate strong growth. The pace of growth appeared the most rapid in 2018 with an increase of 253%. Over the period under review, imports reached the peak figure at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, bituminous mixtures imports skyrocketed to $X in 2021. Overall, imports continue to indicate tangible growth. The growth pace was the most rapid in 2018 with an increase of 129% against the previous year. Over the period under review, imports attained the peak figure at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

Thailand (X tons), India (X tons) and South Korea (X tons) were the main suppliers of bituminous mixtures imports to Sri Lanka, together accounting for 90% of total imports. These countries were followed by the United Arab Emirates, Japan, the United States and Germany, which together accounted for a further 6.5%.

From 2012 to 2021, the biggest increases were recorded for Japan (with a CAGR of +31.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), India ($X) and South Korea ($X) appeared to be the largest bituminous mixtures suppliers to Sri Lanka, together comprising 79% of total imports. Japan, Germany, the United Arab Emirates and the United States lagged somewhat behind, together accounting for a further 15%.

In terms of the main suppliers, Japan, with a CAGR of +29.5%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average bituminous mixtures import price stood at $X per ton in 2021, shrinking by -25.3% against the previous year. In general, the import price continues to indicate a pronounced contraction. The growth pace was the most rapid in 2016 an increase of 25% against the previous year. The import price peaked at $X per ton in 2017; however, from 2018 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was South Korea ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+7.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for bituminous mixtures in the world?

China remains the largest bituminous mixtures consuming country worldwide, accounting for 23% of total volume. Moreover, bituminous mixtures consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. The third position in this ranking was occupied by India, with a 7.8% share.

What are the largest producers of bituminous mixtures in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, together comprising 39% of global production. Japan, France, Russia, Brazil, Indonesia, Italy, the UK, South Korea, Iran and Saudi Arabia lagged somewhat behind, together comprising a further 33%.

What are the leading suppliers of bituminous mixtures to Sri Lanka?

In value terms, Thailand constituted the largest supplier of bituminous mixtures to Sri Lanka, comprising 63% of total imports. The second position in the ranking was occupied by the United States, with a 14% share of total imports.

What are the leading importers of bituminous mixtures from Sri Lanka?

In value terms, Maldives remains the key foreign market for bituminous mixtures exports from Sri Lanka.

What is the average export price for bituminous mixtures in Sri Lanka?

In 2021, the average bituminous mixtures export price amounted to $2,239 per ton, dropping by -15.5% against the previous year.

What is the average import price for bituminous mixtures in Sri Lanka?

The average bituminous mixtures import price stood at $1,382 per ton in 2021, growing by 13% against the previous year.

This report provides an in-depth analysis of the bituminous mixtures 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 23991310 - Bituminous mixtures based on natural and artificial aggregate and bitumen or natural asphalt as a binder

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