Sri Lanka: Market for Clays For Construction and Industrial Use 2024

Market Size for Clays For Construction and Industrial Use in Sri Lanka

In 2022, the Sri Lankan market for clays for construction and industrial use was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. Overall, consumption continues to indicate mild growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Exports of Clays For Construction and Industrial Use

Exports from Sri Lanka

In 2022, shipments abroad of clays for construction and industrial use decreased by -59.4% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports, however, recorded strong growth. The most prominent rate of growth was recorded in 2020 when exports increased by 519% against the previous year. The exports peaked at X tons in 2021, and then fell dramatically in the following year.

In value terms, exports of clays for construction and industrial use reduced dramatically to $X in 2022. In general, exports, however, posted a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 545% against the previous year. Over the period under review, the exports of attained the maximum at $X in 2021, and then reduced remarkably in the following year.

Exports by Country

India (X tons), Canada (X tons) and the UK (X kg) were the main destinations of exports of clays for construction and industrial use from Sri Lanka, with a combined 94% share of total exports.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +149.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Canada ($X), India ($X) and the UK ($X) appeared to be the largest markets for clays for construction and industrial use exported from Sri Lanka worldwide, with a combined 95% share of total exports.

In terms of the main countries of destination, India, with a CAGR of +138.6%, 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

The average export price for clays for construction and industrial use stood at $X per ton in 2022, growing by 19% against the previous year. Over the period under review, the export price enjoyed buoyant growth. The growth pace was the most rapid in 2014 an increase of 180%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the average 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 Australia ($X per ton), while the average price for exports to Italy ($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 Canada (+26.7%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Clays For Construction and Industrial Use

Imports into Sri Lanka

After two years of decline, overseas purchases of clays for construction and industrial use increased by 123% to X tons in 2022. Over the period under review, imports, however, continue to indicate a pronounced decrease. The growth pace was the most rapid in 2019 with an increase of 158% against the previous year. Over the period under review, imports of reached the peak figure at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, imports of clays for construction and industrial use surged to $X in 2022. Overall, imports showed a moderate expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, the UK (X tons) constituted the largest supplier of clays for construction and industrial use to Sri Lanka, accounting for a 64% share of total imports. Moreover, imports of clays for construction and industrial use from the UK exceeded the figures recorded by the second-largest supplier, China (X tons), eightfold. The third position in this ranking was taken by Japan (X tons), with a 7.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the UK amounted to +5.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-7.2% per year) and Japan (-6.8% per year).

In value terms, the UK ($X) constituted the largest supplier of clays for construction and industrial use to Sri Lanka, comprising 62% of total imports. The second position in the ranking was taken by Japan ($X), with a 15% share of total imports. It was followed by China, with a 9.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the UK amounted to +11.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+0.6% per year) and China (+0.4% per year).

Import Prices by Country

The average import price for clays for construction and industrial use stood at $X per ton in 2022, increasing by 54% against the previous year. Overall, import price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 Japan ($X per ton), while the price for Portugal ($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 (+13.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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