Report Update Nov 1, 2024

Sri Lanka - Glass Fibre Mats - Market Analysis, Forecast, Size, Trends and Insights

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Sri Lanka: Glass Fibre Mat Market 2024

Glass Fibre Mat Market Size in Sri Lanka

The Sri Lankan glass fibre mat market contracted remarkably to $X in 2022, declining by -51.3% 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 relatively flat trend pattern. As a result, consumption reached the peak level of $X, and then dropped significantly in the following year.

Glass Fibre Mat Exports

Exports from Sri Lanka

In 2022, shipments abroad of glass fibre mats decreased by -95.6% to X kg, falling for the second year in a row after two years of growth. Over the period under review, exports saw a precipitous decrease. The growth pace was the most rapid in 2019 when exports increased by 1,361%. Over the period under review, the exports attained the maximum at X tons in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, glass fibre mat exports reduced sharply to $X in 2022. Overall, exports faced a dramatic contraction. The growth pace was the most rapid in 2019 with an increase of 915%. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

The UK (X kg) and Maldives (X kg) were the main destinations of glass fibre mat exports from Sri Lanka.

From 2012 to 2022, the biggest increases were recorded for the UK (with a CAGR of +2.5%).

In value terms, the largest markets for glass fibre mat exported from Sri Lanka were the UK ($X) and Maldives ($X).

Among the main countries of destination, the UK, with a CAGR of +16.2%, saw the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

The average glass fibre mat export price stood at $X per ton in 2022, which is down by -6.9% against the previous year. In general, the export price, however, saw a notable increase. The pace of growth was the most pronounced in 2018 when the average export price increased by 54%. As a result, the export price reached the peak level of $X per ton. From 2019 to 2022, the average export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+13.4%), while the prices for the other major destinations experienced mixed trend patterns.

Glass Fibre Mat Imports

Imports into Sri Lanka

In 2022, the amount of glass fibre mats imported into Sri Lanka dropped remarkably to X tons, shrinking by -53.2% on the previous year. Over the period under review, imports recorded a slight decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 126%. As a result, imports reached the peak of X tons, and then contracted rapidly in the following year.

In value terms, glass fibre mat imports declined dramatically to $X in 2022. In general, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 137%. As a result, imports attained the peak of $X, and then declined sharply in the following year.

Imports by Country

China (X tons) and Taiwan (Chinese) (X tons) were the main suppliers of glass fibre mat imports to Sri Lanka.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +2.2%).

In value terms, the largest glass fibre mat suppliers to Sri Lanka were China ($X) and Taiwan (Chinese) ($X).

In terms of the main suppliers, China, with a CAGR of +4.2%, recorded the highest growth rate of the value of imports, over the period under review.

Import Prices by Country

In 2022, the average glass fibre mat import price amounted to $X per ton, picking up by 4.8% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.8%. The pace of growth appeared the most rapid in 2016 an increase of 20% against the previous year. As a result, import price attained the peak level of $X per ton; afterwards, it flattened through to 2022.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the price for China amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+2.0%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for glass fibre mats in the world?

China remains the largest glass fibre mat consuming country worldwide, accounting for 19% of total volume. Moreover, glass fibre mat consumption in China exceeded the figures recorded by the second-largest consumer, India, twofold. The United States ranked third in terms of total consumption with an 8.4% share.

What are the largest producers of glass fibre mats in the world?

China constituted the country with the largest volume of glass fibre mat production, accounting for 33% of total volume. Moreover, glass fibre mat production in China exceeded the figures recorded by the second-largest producer, India, fourfold. The third position in this ranking was occupied by the United States, with a 7.5% share.

What are the leading suppliers of glass fibre mats to Sri Lanka?

In value terms, Taiwan Chinese) and China were the largest glass fibre mat suppliers to Sri Lanka.

What are the leading importers of glass fibre mats from Sri Lanka?

In value terms, Maldives remains the key foreign market for glass fibre mat exports from Sri Lanka, comprising 97% of total exports. The second position in the ranking was occupied by India $237), with a 3.3% share of total exports.

What is the average export price for glass fibre mats in Sri Lanka?

The average glass fibre mat export price stood at $1,758 per ton in 2021, reducing by -5% against the previous year.

What is the average import price for glass fibre mats in Sri Lanka?

In 2021, the average glass fibre mat import price amounted to $1,620 per ton, which is down by -5.3% against the previous year.

This report provides an in-depth analysis of the glass fibre mat market in Sri Lanka. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 23141162 - Glass fibre mats made of filaments
Prodcom 23141217 - Glass fibre mats made of glass wool
Prodcom 23141210 -
Prodcom 23141220 -

Country coverage:

Sri Lanka

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Sri Lanka
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023