Sri Lanka: Market for Floor, Wall Or Ceiling Coverings Of Plastics 2024

Market Size for Floor, Wall Or Ceiling Coverings Of Plastics in Sri Lanka

The Sri Lankan market for floor, wall or ceiling coverings of plastics fell markedly to $X in 2022, reducing by -60.6% 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 saw a deep slump. Consumption of peaked at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Exports of Floor, Wall Or Ceiling Coverings Of Plastics

Exports from Sri Lanka

In 2022, the amount of floor, wall or ceiling coverings of plastics exported from Sri Lanka dropped notably to X square meters, with a decrease of -84.2% compared with the year before. Over the period under review, exports continue to indicate a abrupt slump. The growth pace was the most rapid in 2021 with an increase of 316% against the previous year. The exports peaked at X square meters in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, exports of floor, wall or ceiling coverings of plastics fell remarkably to $X in 2022. In general, exports continue to indicate a abrupt contraction. The pace of growth was the most pronounced in 2021 when exports increased by 261% against the previous year. Over the period under review, the exports of attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Timor-Leste (X square meters) was the main destination for exports of floor, wall or ceiling coverings of plastics from Sri Lanka, with a 78% share of total exports. Moreover, exports of floor, wall or ceiling coverings of plastics to Timor-Leste exceeded the volume sent to the second major destination, Maldives (X square meters), fourfold. Central African Republic (X square meters) ranked third in terms of total exports with a 1.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Timor-Leste was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Maldives (+25.1% per year) and Central African Republic (0.0% per year).

In value terms, Timor-Leste ($X) emerged as the key foreign market for floor, wall or ceiling coverings of plastics exports from Sri Lanka, comprising 74% of total exports. The second position in the ranking was taken by Maldives ($X), with a 24% share of total exports. It was followed by Central African Republic, with a 1.4% share.

From 2012 to 2022, the average annual growth rate of value to Timor-Leste was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Maldives (+22.1% per year) and Central African Republic (0.0% per year).

Export Prices by Country

The average export price for floor, wall or ceiling coverings of plastics stood at $X per square meter in 2022, jumping by 24% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 an increase of 25%. As a result, the export price reached the peak level of $X per square meter. From 2017 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Maldives ($X per square meter), while the average price for exports to the United Arab Emirates ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+82.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Floor, Wall Or Ceiling Coverings Of Plastics

Imports into Sri Lanka

For the fifth consecutive year, Sri Lanka recorded decline in supplies from abroad of floor, wall or ceiling coverings of plastics, which decreased by -59.4% to X square meters in 2022. Overall, imports continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2015 with an increase of 25% against the previous year. As a result, imports reached the peak of X square meters. From 2016 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of floor, wall or ceiling coverings of plastics dropped sharply to $X in 2022. Over the period under review, imports faced a abrupt setback. The growth pace was the most rapid in 2014 with an increase of 38% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

China (X square meters), Malaysia (X square meters) and India (X square meters) were the main suppliers of imports of floor, wall or ceiling coverings of plastics to Sri Lanka, with a combined 70% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Malaysia (with a CAGR of +61.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of floor, wall or ceiling coverings of plastics to Sri Lanka, comprising 37% of total imports. The second position in the ranking was taken by India ($X), with a 15% share of total imports. It was followed by the United States, with a 9.5% share.

From 2012 to 2022, the average annual growth rate of value from China stood at -12.4%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-15.5% per year) and the United States (+5.4% per year).

Import Prices by Country

The average import price for floor, wall or ceiling coverings of plastics stood at $X per square meter in 2022, dropping by -8.4% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.2%. The pace of growth appeared the most rapid in 2014 when the average import price increased by 28% against the previous year. The import price peaked at $X per square meter in 2021, and then reduced in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Sweden ($X per square meter), while the price for Malaysia ($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 (+4.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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