Sri Lanka: Market for Drawn Glass And Blown Glass 2025

Market Size for Drawn Glass And Blown Glass in Sri Lanka

The Sri Lankan market for drawn glass and blown glass surged to $X in 2021, growing by 30% 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, recorded a abrupt curtailment. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Exports of Drawn Glass And Blown Glass

Exports from Sri Lanka

In 2021, after two years of decline, there was significant growth in shipments abroad of drawn glass and blown glass, when their volume increased by 412% to X square meters. Overall, exports saw a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, drawn glass and blown glass exports skyrocketed to $X in 2021. In general, exports posted a resilient increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Maldives (X square meters) was the main destination for drawn glass and blown glass exports from Sri Lanka, with a 95% share of total exports. Moreover, drawn glass and blown glass exports to Maldives exceeded the volume sent to the second major destination, India (X square meters), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to Maldives totaled +70.2%.

In value terms, Maldives ($X) remains the key foreign market for drawn glass and blown glass exports from Sri Lanka, comprising 98% of total exports. The second position in the ranking was taken by India ($X), with a 2.1% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Maldives stood at +23.8%.

Export Prices by Country

The average export price for drawn glass and blown glass stood at $X per square meter in 2021, declining by -30.3% against the previous year. In general, the export price faced a abrupt descent. The pace of growth was the most pronounced in 2019 an increase of 74%. The export price peaked at $X per square meter in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Maldives ($X per square meter), while the average price for exports to India stood at $X per square meter.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to India (-5.9%).

Imports of Drawn Glass And Blown Glass

Imports into Sri Lanka

In 2021, approx. X square meters of drawn glass and blown glass were imported into Sri Lanka; jumping by 30% compared with 2020. Overall, imports, however, continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2014 when imports increased by 45% against the previous year. Over the period under review, imports hit record highs at X square meters in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, drawn glass and blown glass imports soared to $X in 2021. In general, imports, however, saw a abrupt slump. The pace of growth appeared the most rapid in 2017 when imports increased by 55%. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X square meters) constituted the largest drawn glass and blown glass supplier to Sri Lanka, with a 69% share of total imports. Moreover, drawn glass and blown glass imports from China exceeded the figures recorded by the second-largest supplier, Indonesia (X square meters), threefold. Iran (X square meters) ranked third in terms of total imports with a 9.4% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to -13.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (+9.2% per year) and Iran (+652.9% per year).

In value terms, Indonesia ($X), China ($X) and Iran ($X) constituted the largest drawn glass and blown glass suppliers to Sri Lanka, with a combined 95% share of total imports.

Among the main suppliers, Iran, with a CAGR of +488.2%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average import price for drawn glass and blown glass amounted to $X per square meter, flattening at the previous year. Over the period under review, the import price showed a mild increase. The pace of growth appeared the most rapid in 2018 an increase of 55%. As a result, import price attained the peak level of $X per square meter. From 2019 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 Indonesia ($X per square meter), while the price for Iran ($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 Thailand (+5.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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