Sri Lanka: Market for Ceramic Wares For Laboratory Or Technical Uses 2024

Market Size for Ceramic Wares For Laboratory Or Technical Uses in Sri Lanka

The Sri Lankan market for ceramic wares for laboratory or technical uses totaled $X in 2022, surging by 2.1% 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). Overall, consumption, however, continues to indicate a resilient expansion. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market failed to regain momentum.

Exports of Ceramic Wares For Laboratory Or Technical Uses

Exports from Sri Lanka

Exports of ceramic wares for laboratory or technical uses from Sri Lanka declined markedly to X kg in 2022, reducing by -71.1% against 2021 figures. Over the period under review, exports, however, posted prominent growth. The pace of growth appeared the most rapid in 2020 with an increase of 240% against the previous year. As a result, the exports reached the peak of X tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of ceramic wares for laboratory or technical uses fell rapidly to $X in 2022. In general, exports, however, recorded mild growth. The most prominent rate of growth was recorded in 2013 when exports increased by 208%. Over the period under review, the exports of hit record highs at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The UK (X kg) was the main destination for exports of ceramic wares for laboratory or technical uses from Sri Lanka, with a 90% share of total exports. Moreover, exports of ceramic wares for laboratory or technical uses to the UK exceeded the volume sent to the second major destination, the United Arab Emirates (X kg), more than tenfold. The third position in this ranking was held by Australia (X kg), with a 1.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the UK stood at +41.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (-2.5% per year) and Australia (0.0% per year).

In value terms, the UK ($X) emerged as the key foreign market for ceramic wares for laboratory or technical uses exports from Sri Lanka, comprising 86% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 9.2% share of total exports. It was followed by Australia, with a 2.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the UK stood at +33.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+0.6% per year) and Australia (0.0% per year).

Export Prices by Country

The average export price for ceramic wares for laboratory or technical uses stood at $X per ton in 2022, reducing by -51% against the previous year. Over the period under review, the export price saw a deep setback. The pace of growth was the most pronounced in 2021 when the average export price increased by 96% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to the UK ($X per ton) 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 Arab Emirates (+3.2%), while the prices for the other major destinations experienced a decline.

Imports of Ceramic Wares For Laboratory Or Technical Uses

Imports into Sri Lanka

In 2022, overseas purchases of ceramic wares for laboratory or technical uses decreased by -26.6% to X tons, falling for the second consecutive year after two years of growth. Overall, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 563%. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, imports of ceramic wares for laboratory or technical uses rose notably to $X in 2022. In general, imports, however, showed a buoyant increase. The pace of growth appeared the most rapid in 2017 when imports increased by 466%. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports of remained at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest ceramic wares for laboratory or technical uses supplier to Sri Lanka, with a 35% share of total imports. Moreover, imports of ceramic wares for laboratory or technical uses from China exceeded the figures recorded by the second-largest supplier, Spain (X tons), twofold. The third position in this ranking was taken by Thailand (X tons), with a 15% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +18.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+9.9% per year) and Thailand (+19.3% per year).

In value terms, Thailand ($X) constituted the largest supplier of ceramic wares for laboratory or technical uses to Sri Lanka, comprising 47% of total imports. The second position in the ranking was held by China ($X), with a 22% share of total imports. It was followed by Germany, with a 5.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Thailand stood at +24.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+23.5% per year) and Germany (+6.9% per year).

Import Prices by Country

The average import price for ceramic wares for laboratory or technical uses stood at $X per ton in 2022, picking up by 53% against the previous year. Over the period under review, the import price enjoyed a remarkable increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+5.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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