Sri Lanka: Market for Chain Scoops, Sliders, Runners, End Pieces And Narrow Strips 2024

Market Size for Chain Scoops, Sliders, Runners, End Pieces And Narrow Strips in Sri Lanka

The Sri Lankan chain scoops and sliders market declined to $X in 2022, falling by -6.9% 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, however, continues to indicate a relatively flat trend pattern. Chain scoops and sliders consumption peaked at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Exports of Chain Scoops, Sliders, Runners, End Pieces And Narrow Strips

Exports from Sri Lanka

In 2022, shipments abroad of chain scoops, sliders, runners, end pieces and narrow strips decreased by -97% to X kg, falling for the seventh consecutive year after two years of growth. In general, exports showed a precipitous decrease. The growth pace was the most rapid in 2014 with an increase of 83% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, chain scoops and sliders exports contracted remarkably to $X in 2022. Over the period under review, exports recorded a significant decrease. The most prominent rate of growth was recorded in 2015 when exports increased by 74% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Maldives (X kg) was the main destination for chain scoops and sliders exports from Sri Lanka, accounting for a 95% share of total exports. Moreover, chain scoops and sliders exports to Maldives exceeded the volume sent to the second major destination, the UK (X kg), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Maldives stood at +5.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (-23.5% per year) and Germany (-38.3% per year).

In value terms, Maldives ($X) emerged as the key foreign market for chain scoops, sliders, runners, end pieces and narrow strips exports from Sri Lanka, comprising 97% of total exports. The second position in the ranking was held by Germany ($X), with a 2.1% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Maldives amounted to +6.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-45.0% per year) and the UK (-38.6% per year).

Export Prices by Country

In 2022, the average chain scoops and sliders export price amounted to $X per ton, rising by 30% against the previous year. Over the period under review, the export price, however, continues to indicate a perceptible slump. Over the period under review, the average export prices reached the peak figure at $X per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to the UK ($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 Vietnam (+26.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Chain Scoops, Sliders, Runners, End Pieces And Narrow Strips

Imports into Sri Lanka

In 2022, imports of chain scoops, sliders, runners, end pieces and narrow strips into Sri Lanka contracted dramatically to X tons, reducing by -26.4% against 2021 figures. Over the period under review, imports showed a noticeable reduction. The pace of growth appeared the most rapid in 2021 with an increase of 73% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, chain scoops and sliders imports reduced to $X in 2022. The total import value increased at an average annual rate of +1.9% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 64%. Imports peaked at $X in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Indonesia (X tons), China (X tons) and Taiwan (Chinese) (X tons) were the main suppliers of chain scoops and sliders imports to Sri Lanka, together comprising 78% of total imports. India, Japan and Vietnam lagged somewhat behind, together accounting for a further 19%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Vietnam (with a CAGR of +39.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Taiwan (Chinese) ($X), Indonesia ($X) and Vietnam ($X) constituted the largest chain scoops and sliders suppliers to Sri Lanka, together accounting for 59% of total imports.

In terms of the main suppliers, Vietnam, with a CAGR of +50.3%, saw the highest growth rate of 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

In 2022, the average chain scoops and sliders import price amounted to $X per ton, growing by 32% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +6.2%. 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 Taiwan (Chinese) ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+15.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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