Sri Lanka: Market for Float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground 2024

Market Size for Float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground in Sri Lanka

The Sri Lankan market for float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground declined to $X in 2022, with a decrease of -5.4% 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). In general, consumption continues to indicate buoyant growth. As a result, consumption reached the peak level of $X, and then reduced in the following year.

Exports of Float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground

Exports from Sri Lanka

Exports of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground from Sri Lanka surged to X square meters in 2022, growing by 1,308% against 2021 figures. Overall, exports continue to indicate a significant increase. The growth pace was the most rapid in 2014 when exports increased by 1,595% against the previous year. Over the period under review, the exports of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout mass (body tinted), opacified, flashed or merely surface ground hit record highs in 2022 and are likely to see steady growth in the immediate term.

In value terms, exports of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground soared to $X in 2022. In general, exports showed a resilient increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Maldives (X square meters) was the main destination for exports of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground from Sri Lanka, accounting for a approx. 99.9% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Maldives stood at +35.3%.

In value terms, Maldives ($X) also remains the key foreign market for float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground exports from Sri Lanka.

From 2012 to 2022, the average annual growth rate of value to Maldives stood at +25.0%.

Export Prices by Country

In 2022, the average export price for float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground amounted to $X per square meter, waning by -12.1% against the previous year. In general, the export price faced a abrupt descent. The pace of growth was the most pronounced in 2021 when the average export price increased by 22%. The export price peaked at $X per square meter in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the rate of growth in terms of prices for Maldives amounted to -7.6% per year.

Imports of Float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground

Imports into Sri Lanka

In 2022, overseas purchases of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground increased by 2.6% to X square meters, rising for the second year in a row after three years of decline. Over the period under review, imports showed measured growth. The pace of growth was the most pronounced in 2021 when imports increased by 204% against the previous year. Over the period under review, imports of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout mass (body tinted), opacified, flashed or merely surface ground attained the maximum in 2022 and are likely to continue growth in the immediate term.

In value terms, imports of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground dropped to $X in 2022. Overall, imports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2021 with an increase of 211%. As a result, imports reached the peak of $X, and then fell in the following year.

Imports by Country

Pakistan (X square meters), Malaysia (X square meters) and China (X square meters) were the main suppliers of imports of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground to Sri Lanka, with a combined 82% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Malaysia (with a CAGR of +92.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Pakistan ($X), Malaysia ($X) and India ($X) were the largest float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground suppliers to Sri Lanka, with a combined 85% share of total imports.

In terms of the main suppliers, Malaysia, with a CAGR of +91.2%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground stood at $X per square meter in 2022, waning by -8.5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.9%. The pace of growth was the most pronounced in 2013 an increase of 41%. The import price peaked at $X per square meter in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

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 India ($X per square meter), while the price for Thailand ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+6.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform