Sri Lanka: Common Pottery Market 2024

Common Pottery Market Size in Sri Lanka

The Sri Lankan common pottery market fell to $X in 2022, which is down by -10% against the previous year. In general, consumption, however, continues to indicate a strong increase. Common pottery consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Common Pottery Production in Sri Lanka

In value terms, common pottery production reduced to $X in 2022 estimated in export price. In general, production, however, saw strong growth. The growth pace was the most rapid in 2015 with an increase of 53% against the previous year. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Common Pottery Exports

Exports from Sri Lanka

In 2022, overseas shipments of common pottery increased by 39% to X tons, rising for the second consecutive year after two years of decline. Overall, exports showed a resilient increase. The most prominent rate of growth was recorded in 2021 when exports increased by 198% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, common pottery exports skyrocketed to $X in 2022. In general, exports continue to indicate a resilient increase. The growth pace was the most rapid in 2021 when exports increased by 175%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

Exports by Country

Sweden (X tons), Qatar (X tons) and Latvia (X tons) were the main destinations of common pottery exports from Sri Lanka, with a combined 48% share 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 Sweden (with a CAGR of +101.2%), while the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X), the UK ($X) and Latvia ($X) appeared to be the largest markets for common pottery exported from Sri Lanka worldwide, with a combined 52% share of total exports.

Sweden, with a CAGR of +103.0%, saw 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 more modest paces of growth.

Export Prices by Country

The average common pottery export price stood at $X per ton in 2022, increasing by 8.4% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.0%. The growth pace was the most rapid in 2019 an increase of 21%. As a result, the export price reached the peak level of $X per ton. 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 Denmark ($X per ton), while the average price for exports to Qatar ($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 Latvia (+10.4%), while the prices for the other major destinations experienced more modest paces of growth.

Common Pottery Imports

Imports into Sri Lanka

Common pottery imports into Sri Lanka shrank remarkably to X tons in 2022, with a decrease of -50.4% on 2021. In general, imports continue to indicate a drastic downturn. The pace of growth was the most pronounced in 2016 when imports increased by 254%. As a result, imports attained the peak of X tons. From 2017 to 2022, the growth of imports remained at a lower figure.

In value terms, common pottery imports surged to $X in 2022. Overall, imports showed a pronounced curtailment. The most prominent rate of growth was recorded in 2016 with an increase of 283% against the previous year. As a result, imports attained the peak of $X. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) was the main common pottery supplier to Sri Lanka, accounting for a 94% share of total imports. Moreover, common pottery imports from China exceeded the figures recorded by the second-largest supplier, Japan (X tons), more than tenfold. The third position in this ranking was taken by the United Arab Emirates (X tons), with a 0.6% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled -5.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-0.4% per year) and the United Arab Emirates (-12.8% per year).

In value terms, China ($X) constituted the largest supplier of common pottery to Sri Lanka, comprising 96% of total imports. The second position in the ranking was taken by Japan ($X), with a 2.7% share of total imports. It was followed by the United Arab Emirates, with a 0.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled -2.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-0.5% per year) and the United Arab Emirates (-8.9% per year).

Import Prices by Country

In 2022, the average common pottery import price amounted to $X per ton, jumping by 134% against the previous year. Overall, the import price enjoyed notable growth. The import price peaked at $X per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

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 China ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+4.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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