Sri Lanka: Market for Float Glass And Surface Ground or Polished Glass 2024

Market Size for Float Glass And Surface Ground or Polished Glass in Sri Lanka

The Sri Lankan market for float glass and surface ground or polished glass contracted rapidly to $X in 2022, with a decrease of X% 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). Over the period under review, consumption, however, saw a moderate expansion. Consumption of peaked at $X in 2021, and then contracted remarkably in the following year.

Exports of Float Glass And Surface Ground or Polished Glass

Exports from Sri Lanka

In 2022, approx. X square meters of float glass and surface ground or polished glass were exported from Sri Lanka; picking up by X% compared with the previous year. Over the period under review, exports recorded a pronounced increase. The pace of growth appeared the most rapid in 2019 when exports increased by X%. The exports peaked at X square meters in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, exports of float glass and surface ground or polished glass fell remarkably to $X in 2022. Overall, exports, however, showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Maldives (X square meters) was the main destination for exports of float glass and surface ground or polished glass from Sri Lanka, with a X% share of total exports. It was followed by India (X square meters), with a X% share of total exports.

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

In value terms, Maldives ($X) emerged as the key foreign market for float glass and surface ground or polished glass exports from Sri Lanka, comprising X% of total exports. The second position in the ranking was held by India ($X), with less than X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Maldives totaled X%.

Export Prices by Country

In 2022, the average export price for float glass and surface ground or polished glass amounted to $X per square meter, which is down by X% against the previous year. Overall, the export price faced a abrupt downturn. The pace of growth was the most pronounced in 2018 when the average export price increased by X%. Over the period under review, the average export prices hit record highs at $X per square meter in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Maldives ($X per square meter), while the average price for exports to India amounted to $X per square meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Oman (X%), while the prices for the other major destinations experienced a decline.

Imports of Float Glass And Surface Ground or Polished Glass

Imports into Sri Lanka

Imports of float glass and surface ground or polished glass into Sri Lanka fell dramatically to X square meters in 2022, reducing by X% on the previous year. Overall, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. Imports peaked at X square meters in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, imports of float glass and surface ground or polished glass fell rapidly to $X in 2022. In general, imports, however, showed prominent growth. The growth pace was the most rapid in 2015 when imports increased by X% against the previous year. Imports peaked at $X in 2021, and then dropped significantly in the following year.

Imports by Country

In 2022, Pakistan (X square meters) constituted the largest float glass and surface ground or polished glass supplier to Sri Lanka, with a X% share of total imports. Moreover, imports of float glass and surface ground or polished glass from Pakistan exceeded the figures recorded by the second-largest supplier, Malaysia (X square meters), twofold. India (X square meters) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Pakistan totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (X% per year) and India (X% per year).

In value terms, Pakistan ($X), Malaysia ($X) and India ($X) constituted the largest float glass and surface ground or polished glass suppliers to Sri Lanka, together accounting for X% of total imports.

In terms of the main suppliers, Pakistan, with a CAGR of X%, 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

In 2022, the average import price for float glass and surface ground or polished glass amounted to $X per square meter, dropping by X% against the previous year. Over the period under review, import price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 an increase of X%. The import price peaked at $X per square meter in 2021, and then fell in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Saudi Arabia ($X per square meter), while the price for Thailand ($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 Saudi Arabia (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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