Sri Lanka: Market for Brooms, Brushes, And Mops 2024

Market Size for Brooms, Brushes, And Mops in Sri Lanka

The Sri Lankan broom, brush, and mop market fell notably to $X in 2022, waning by -17.1% against the previous year. In general, the total consumption indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -28.1% against 2020 indices. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Brooms, Brushes, And Mops in Sri Lanka

In value terms, broom, brush, and mop production expanded slightly to $X in 2022 estimated in export price. Over the period under review, the total production indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -11.7% against 2018 indices. The most prominent rate of growth was recorded in 2018 with an increase of 52%. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Exports of Brooms, Brushes, And Mops

Exports from Sri Lanka

In 2022, approx. X units of brooms, brushes, and mops were exported from Sri Lanka; picking up by 76% compared with the previous year's figure. Overall, exports continue to indicate a pronounced increase. Over the period under review, the exports attained the peak figure at X units in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, broom, brush, and mop exports soared to $X in 2022. In general, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of 95% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Japan (X units) was the main destination for broom, brush, and mop exports from Sri Lanka, accounting for a 36% share of total exports. Moreover, broom, brush, and mop exports to Japan exceeded the volume sent to the second major destination, the United States (X units), threefold. The third position in this ranking was taken by the UK (X units), with a 9.7% share.

From 2012 to 2022, the average annual growth rate of volume to Japan totaled +8.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+6.2% per year) and the UK (+8.5% per year).

In value terms, the largest markets for broom, brush, and mop exported from Sri Lanka were the United States ($X), the UK ($X) and Japan ($X), with a combined 58% share of total exports. France, the Netherlands, Belgium, the United Arab Emirates, Australia, Germany, Saudi Arabia and Malaysia lagged somewhat behind, together accounting for a further 32%.

Among the main countries of destination, the Netherlands, with a CAGR of +17.0%, saw the highest growth rate of 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 2022, the average broom, brush, and mop export price amounted to $X per unit, with a decrease of -28.1% against the previous year. In general, the export price continues to indicate a perceptible decrease. The pace of growth was the most pronounced in 2018 when the average export price increased by 66%. As a result, the export price attained the peak level of $X per unit. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Malaysia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+1.7%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Brooms, Brushes, And Mops

Imports into Sri Lanka

In 2022, imports of brooms, brushes, and mops into Sri Lanka contracted markedly to X units, waning by -17.5% compared with 2021. Overall, imports recorded a abrupt setback. The growth pace was the most rapid in 2021 when imports increased by 75% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, broom, brush, and mop imports reduced sharply to $X in 2022. In general, imports continue to indicate a noticeable decline. The growth pace was the most rapid in 2013 with an increase of 71%. Over the period under review, imports attained the peak figure at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

China (X units), India (X units) and Vietnam (X units) were the main suppliers of broom, brush, and mop imports to Sri Lanka, together accounting for 87% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +7.8%), while imports for the other leaders experienced mixed trend patterns.

In value terms, China ($X) constituted the largest supplier of brooms, brushes, and mops to Sri Lanka, comprising 31% of total imports. The second position in the ranking was taken by India ($X), with a 15% share of total imports. It was followed by Malaysia, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to -7.9%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+3.9% per year) and Malaysia (-2.1% per year).

Import Prices by Country

In 2022, the average broom, brush, and mop import price amounted to $X per unit, shrinking by -16.7% against the previous year. Over the period under review, import price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, broom, brush, and mop import price decreased by -35.5% against 2020 indices. The pace of growth was the most pronounced in 2013 when the average import price increased by 114% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+26.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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