Sri Lanka: Market for Flexible Tubes, Pipes and Hoses of Plastics, without Fittings 2024

Market Size for Flexible Tubes, Pipes and Hoses of Plastics, without Fittings in Sri Lanka

In 2022, the Sri Lankan market for flexible tubes, pipes and hoses of plastics, without fittings decreased by -63.3% to $X, falling for the second consecutive year after two years of growth. Overall, consumption, however, enjoyed a tangible expansion. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Exports of Flexible Tubes, Pipes and Hoses of Plastics, without Fittings

Exports from Sri Lanka

In 2022, overseas shipments of flexible tubes, pipes and hoses of plastics, without fittings decreased by -88.4% to X kg for the first time since 2017, thus ending a four-year rising trend. Over the period under review, exports saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 when exports increased by 184% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, exports of flexible tubes, pipes and hoses of plastics, without fittings fell significantly to $X in 2022. Overall, exports showed a precipitous setback. The most prominent rate of growth was recorded in 2020 when exports increased by 277% against the previous year. Over the period under review, the exports of reached the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Switzerland (X kg) was the main destination for exports of flexible tubes, pipes and hoses of plastics, without fittings from Sri Lanka, accounting for a 68% share of total exports. Moreover, exports of flexible tubes, pipes and hoses of plastics, without fittings to Switzerland exceeded the volume sent to the second major destination, China (X kg), threefold.

From 2012 to 2022, the average annual growth rate of volume to Switzerland amounted to +303.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+31.0% per year) and Maldives (-91.7% per year).

In value terms, China ($X), Switzerland ($X) and Maldives ($X) constituted the largest markets for flexible tubes, pipes and hoses of plastics, without fittings exported from Sri Lanka worldwide, with a combined 98% share of total exports.

Among the main countries of destination, Switzerland, with a CAGR of +493.5%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average export price for flexible tubes, pipes and hoses of plastics, without fittings amounted to $X per ton, which is down by -21.2% against the previous year. Overall, the export price continues to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2014 an increase of 56%. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Switzerland ($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 Switzerland (+47.2%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Flexible Tubes, Pipes and Hoses of Plastics, without Fittings

Imports into Sri Lanka

In 2022, purchases abroad of flexible tubes, pipes and hoses of plastics, without fittings decreased by -66.2% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by 149%. Over the period under review, imports of hit record highs at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of flexible tubes, pipes and hoses of plastics, without fittings shrank remarkably to $X in 2022. Overall, imports, however, showed a temperate increase. The pace of growth was the most pronounced in 2017 with an increase of 121% against the previous year. Imports peaked at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, India (X tons) constituted the largest flexible tubes, pipes and hoses of plastics, without fittings supplier to Sri Lanka, accounting for a 71% share of total imports. Moreover, imports of flexible tubes, pipes and hoses of plastics, without fittings from India exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. The third position in this ranking was held by Taiwan (Chinese) (X tons), with a 4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from India stood at +9.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-10.2% per year) and Taiwan (Chinese) (+9.3% per year).

In value terms, India ($X) constituted the largest supplier of flexible tubes, pipes and hoses of plastics, without fittings to Sri Lanka, comprising 63% of total imports. The second position in the ranking was held by China ($X), with a 13% share of total imports. It was followed by Taiwan (Chinese), with a 3.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value from India stood at +14.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-10.3% per year) and Taiwan (Chinese) (+12.9% per year).

Import Prices by Country

The average import price for flexible tubes, pipes and hoses of plastics, without fittings stood at $X per ton in 2022, picking up by 12% against the previous year. Over the last decade, it increased at an average annual rate of +3.3%. The growth pace was the most rapid in 2013 when the average import price increased by 53%. The import price peaked at $X per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+18.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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