Sri Lanka: Market for Building Blocks And Bricks Of Cement, Concrete Or Artificial Stone 2025

Market Size for Building Blocks And Bricks Of Cement, Concrete Or Artificial Stone in Sri Lanka

In 2021, the Sri Lankan market for building blocks and bricks of cement, concrete or artificial stone decreased by -1.1% to $X for the first time since 2011, thus ending a nine-year rising trend. In general, the total consumption indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +5.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +67.4% against 2012 indices. Over the period under review, the market reached the maximum level at $X in 2020, and then contracted in the following year.

Production of Building Blocks And Bricks Of Cement, Concrete Or Artificial Stone in Sri Lanka

In value terms, production of building blocks and bricks of cement, concrete or artificial stone amounted to $X in 2021 estimated in export price. Over the period under review, the total production indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +5.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -0.2% against 2019 indices. The growth pace was the most rapid in 2013 when the production volume increased by 20%. Production of peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Exports of Building Blocks And Bricks Of Cement, Concrete Or Artificial Stone

Exports from Sri Lanka

In 2021, overseas shipments of building blocks and bricks of cement, concrete or artificial stone decreased by -0.9% to X tons, falling for the fifth consecutive year after two years of growth. Overall, exports, however, recorded prominent growth. The pace of growth appeared the most rapid in 2016 when exports increased by 818% against the previous year. As a result, the exports attained the peak of X tons. From 2017 to 2021, the growth of the exports of remained at a lower figure.

In value terms, exports of building blocks and bricks of cement, concrete or artificial stone contracted to $X in 2021. Over the period under review, total exports indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +10.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -30.1% against 2017 indices. The pace of growth was the most pronounced in 2013 when exports increased by 216% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

Mali (X tons), Maldives (X tons) and Pakistan (X tons) were the main destinations of exports of building blocks and bricks of cement, concrete or artificial stone from Sri Lanka, with a combined 97% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Maldives (with a CAGR of +7.0%), while the other leaders experienced mixed trend patterns.

In value terms, Mali ($X), Maldives ($X) and Pakistan ($X) were the largest markets for building blocks and bricks of cement, concrete or artificial stone exported from Sri Lanka worldwide, together comprising 94% of total exports.

Maldives, with a CAGR of +7.4%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average export price for building blocks and bricks of cement, concrete or artificial stone stood at $X per ton in 2021, declining by -12.8% against the previous year. In general, the export price showed a slight descent. The pace of growth appeared the most rapid in 2013 an increase of 125% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Pakistan ($X per ton), while the average price for exports to Maldives ($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 Pakistan (+5.2%).

Imports of Building Blocks And Bricks Of Cement, Concrete Or Artificial Stone

Imports into Sri Lanka

In 2021, purchases abroad of building blocks and bricks of cement, concrete or artificial stone increased by 95% to X tons, rising for the fourth consecutive year after three years of decline. In general, imports showed a remarkable increase. The growth pace was the most rapid in 2014 with an increase of 253%. As a result, imports attained the peak of X tons. From 2015 to 2021, the growth of imports of failed to regain momentum.

In value terms, imports of building blocks and bricks of cement, concrete or artificial stone skyrocketed to $X in 2021. Overall, imports posted a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of building blocks and bricks of cement, concrete or artificial stone to Sri Lanka, with a 50% share of total imports. Moreover, imports of building blocks and bricks of cement, concrete or artificial stone from China exceeded the figures recorded by the second-largest supplier, India (X tons), threefold. The third position in this ranking was taken by Italy (X tons), with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +51.6%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-9.7% per year) and Italy (+48.9% per year).

In value terms, China ($X) constituted the largest supplier of building blocks and bricks of cement, concrete or artificial stone to Sri Lanka, comprising 73% of total imports. The second position in the ranking was held by Italy ($X), with a 19% share of total imports. It was followed by India, with a 3.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +95.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+63.3% per year) and India (-13.4% per year).

Import Prices by Country

In 2021, the average import price for building blocks and bricks of cement, concrete or artificial stone amounted to $X per ton, increasing by 103% against the previous year. Overall, the import price saw a buoyant expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was the United Arab Emirates ($X per ton), while the price for Japan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+28.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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