Sri Lanka: Market for Ceramic Sinks, Baths, Water Closet Pans and Similar Sanitary Fixtures of Porcelain or China 2025

Market Size for Ceramic Sinks, Baths, Water Closet Pans and Similar Sanitary Fixtures of Porcelain or China in Sri Lanka

The Sri Lankan market for ceramic sinks, baths, water closet pans and similar sanitary fixtures of porcelain or china reduced remarkably to $X in 2022, with a decrease of -22.4% 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 recorded a deep slump. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Exports of Ceramic Sinks, Baths, Water Closet Pans and Similar Sanitary Fixtures of Porcelain or China

Exports from Sri Lanka

In 2022, after three years of growth, there was significant decline in shipments abroad of ceramic sinks, baths, water closet pans and similar sanitary fixtures of porcelain or china, when their volume decreased by -17.3% to X units. Overall, exports, however, posted significant growth. The growth pace was the most rapid in 2019 with an increase of 3,660%. The exports peaked at X units in 2021, and then declined sharply in the following year.

In value terms, exports of ceramic sinks, baths, water closet pans and similar sanitary fixtures of porcelain or china fell rapidly to $X in 2022. Over the period under review, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2019 when exports increased by 6,902%. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

Hungary (X units), the UK (X units) and Qatar (X units) were the main destinations of exports of ceramic sinks, baths, water closet pans and similar sanitary fixtures of porcelain or china from Sri Lanka, together accounting for 92% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the UK (with a CAGR of +80.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for ceramic sinks, baths, water closet pans and similar sanitary fixtures of porcelain or china exported from Sri Lanka were Hungary ($X), the UK ($X) and India ($X), together comprising 98% of total exports.

Among the main countries of destination, the UK, with a CAGR of +81.1%, recorded 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 export price for ceramic sinks, baths, water closet pans and similar sanitary fixtures of porcelain or china amounted to $X per unit, falling by -5.4% against the previous year. Overall, the export price, however, continues to indicate strong growth. The pace of growth was the most pronounced in 2019 an increase of 86% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2020 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Qatar ($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 South Africa (+110.5%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Ceramic Sinks, Baths, Water Closet Pans and Similar Sanitary Fixtures of Porcelain or China

Imports into Sri Lanka

In 2022, imports of ceramic sinks, baths, water closet pans and similar sanitary fixtures of porcelain or china into Sri Lanka contracted significantly to X units, waning by -20.7% compared with the previous year's figure. Overall, imports continue to indicate a abrupt setback. The growth pace was the most rapid in 2013 when imports increased by 538% against the previous year. As a result, imports attained the peak of X units. From 2014 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of ceramic sinks, baths, water closet pans and similar sanitary fixtures of porcelain or china reduced notably to $X in 2022. In general, imports continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2013 when imports increased by 651% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports of failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest supplier of ceramic sinks, baths, water closet pans and similar sanitary fixtures of porcelain or china to Sri Lanka, with a 69% share of total imports. Moreover, imports of ceramic sinks, baths, water closet pans and similar sanitary fixtures of porcelain or china from China exceeded the figures recorded by the second-largest supplier, India (X units), sixfold. Hong Kong SAR (X units) ranked third in terms of total imports with a 9.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at -13.8%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-15.4% per year) and Hong Kong SAR (+25.3% per year).

In value terms, China ($X) constituted the largest supplier of ceramic sinks, baths, water closet pans and similar sanitary fixtures of porcelain or china to Sri Lanka, comprising 74% of total imports. The second position in the ranking was taken by Hong Kong SAR ($X), with an 11% share of total imports. It was followed by the Czech Republic, with a 3.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled -5.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (+25.0% per year) and the Czech Republic (-4.3% per year).

Import Prices by Country

In 2022, the average import price for ceramic sinks, baths, water closet pans and similar sanitary fixtures of porcelain or china amounted to $X per unit, declining by -2.4% against the previous year. Overall, import price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for ceramic sinks, baths, water closet pans and similar sanitary fixtures of porcelain or china decreased by -5.0% against 2019 indices. The pace of growth appeared the most rapid in 2014 when the average import price increased by 50% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Thailand ($X per unit), while the price for India ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+12.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform