Report Update Jan 1, 2025

Sri Lanka - Composition Leather - Market Analysis, Forecast, Size, Trends and Insights

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Sri Lanka: Composition Leather Market 2025

Composition Leather Market Size in Sri Lanka

In 2021, the Sri Lankan composition leather market was finally on the rise to reach $X for the first time since 2014, thus ending a six-year declining trend. In general, consumption, however, saw a abrupt setback. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Composition Leather Production in Sri Lanka

In value terms, composition leather production totaled $X in 2021 estimated in export price. Overall, production, however, saw a drastic downturn. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Composition Leather Exports

Exports from Sri Lanka

In 2021, exports of composition leather from Sri Lanka surged to X square meters, jumping by 124% against the year before. In general, exports showed significant growth. The pace of growth was the most pronounced in 2020 with an increase of 891%. Over the period under review, the exports attained the peak figure in 2021 and are likely to see gradual growth in the immediate term.

In value terms, composition leather exports surged to $X in 2021. Over the period under review, exports enjoyed a resilient expansion. The pace of growth appeared the most rapid in 2020 with an increase of 736%. Over the period under review, the exports reached the maximum in 2021 and are likely to see steady growth in the near future.

Exports by Country

Maldives (X square meters) was the main destination for composition leather exports from Sri Lanka, with a approx. 99.9% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Maldives amounted to +38.0%.

In value terms, Maldives ($X) also remains the key foreign market for composition leather exports from Sri Lanka.

From 2012 to 2021, the average annual rate of growth in terms of value to Maldives totaled +27.3%.

Export Prices by Country

The average composition leather export price stood at $X per square meter in 2021, which is down by -16.1% against the previous year. Over the period under review, the export price recorded a deep contraction. The pace of growth appeared the most rapid in 2014 when the average export price increased by 252% against the previous year. As a result, the export price reached the peak level of $X per square meter. From 2015 to 2021, the average export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Maldives.

From 2012 to 2021, the rate of growth in terms of prices for Canada amounted to -1.4% per year.

Composition Leather Imports

Imports into Sri Lanka

In 2021, the amount of composition leather imported into Sri Lanka soared to X square meters, with an increase of 38% compared with the previous year. Over the period under review, imports, however, showed a sharp decline. The pace of growth appeared the most rapid in 2017 when imports increased by 941%. Imports peaked at X square meters in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, composition leather imports skyrocketed to $X in 2021. Overall, imports, however, recorded a significant curtailment. The pace of growth appeared the most rapid in 2017 when imports increased by 494%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

South Korea (X square meters), India (X square meters) and China (X square meters) were the main suppliers of composition leather imports to Sri Lanka, with a combined 87% share of total imports. These countries were followed by the United Arab Emirates, Singapore, Hong Kong SAR, Thailand, Australia and Pakistan, which together accounted for a further 12%.

From 2012 to 2021, the biggest increases were recorded for Singapore (with a CAGR of -14.2%), while purchases for the other leaders experienced a decline.

In value terms, the largest composition leather suppliers to Sri Lanka were India ($X), South Korea ($X) and China ($X), together accounting for 78% of total imports. These countries were followed by the United Arab Emirates, Hong Kong SAR, Thailand, Australia, Singapore and Pakistan, which together accounted for a further 17%.

The United Arab Emirates, with a CAGR of +0.9%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2021, the average composition leather import price amounted to $X per square meter, surging by 22% against the previous year. Overall, the import price, however, showed a perceptible setback. The pace of growth appeared the most rapid in 2013 when the average import price increased by 48%. As a result, import price attained the peak level of $X per square meter. From 2014 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Australia ($X per square meter), while the price for Pakistan ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+27.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for composition leather in the world?

The country with the largest volume of composition leather consumption was China, accounting for 21% of total volume. Moreover, composition leather consumption in China exceeded the figures recorded by the second-largest consumer, the U.S., twofold. Indonesia ranked third in terms of total consumption with a 3.4% share.

What are the largest producers of composition leather in the world?

China constituted the country with the largest volume of composition leather production, accounting for 22% of total volume. Moreover, composition leather production in China exceeded the figures recorded by the second-largest producer, the U.S., twofold. Indonesia ranked third in terms of total production with a 3.6% share.

What are the leading suppliers of composition leather to Sri Lanka?

In value terms, India, Australia and the United Arab Emirates $725) appeared to be the largest composition leather suppliers to Sri Lanka, together comprising 92% of total imports.

What are the leading importers of composition leather from Sri Lanka?

In value terms, Maldives remains the key foreign market for composition leather exports from Sri Lanka.

What is the average export price for composition leather in Sri Lanka?

In 2020, the average composition leather export price amounted to $4,753 per ton, waning by -28.1% against the previous year.

What is the average import price for composition leather in Sri Lanka?

In 2020, the average composition leather import price amounted to $2,796 per ton, reducing by -57.5% against the previous year.

This report provides an in-depth analysis of the composition leather market in Sri Lanka. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 15115200 - Composition leather with a basis of leather or leather fibre, in slabs, sheets or strips

Country coverage:

Sri Lanka

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Sri Lanka
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024