Sri Lanka: Metal Self-Tapping Screw Market 2025

Metal Self-Tapping Screw Market Size in Sri Lanka

The Sri Lankan metal self-tapping screw market shrank remarkably to $X in 2022, which is down by -57.6% 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). In general, consumption, however, recorded mild growth. Metal self-tapping screw consumption peaked at $X in 2021, and then declined dramatically in the following year.

Metal Self-Tapping Screw Exports

Exports from Sri Lanka

In 2022, shipments abroad of iron or steel self-tapping screws increased by 1,645% to X tons, rising for the second year in a row after two years of decline. Overall, exports recorded significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, metal self-tapping screw exports surged to $X in 2022. In general, exports posted a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Seychelles (X tons) was the main destination for metal self-tapping screw exports from Sri Lanka, accounting for a 98% share of total exports. It was followed by Maldives (X kg), with a 0.6% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Seychelles amounted to +195.0%.

In value terms, Seychelles ($X) emerged as the key foreign market for iron or steel self-tapping screws exports from Sri Lanka, comprising 94% of total exports. The second position in the ranking was taken by Maldives ($X), with a 0.5% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Seychelles amounted to +184.5%.

Export Prices by Country

In 2022, the average metal self-tapping screw export price amounted to $X per ton, falling by -59% against the previous year. Overall, the export price showed a pronounced curtailment. The pace of growth appeared the most rapid in 2015 when the average export price increased by 77%. The export price peaked at $X per ton in 2021, and then plummeted in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+5.9%), while the prices for the other major destinations experienced a decline.

Metal Self-Tapping Screw Imports

Imports into Sri Lanka

In 2022, approx. X tons of iron or steel self-tapping screws were imported into Sri Lanka; falling by -42.3% compared with the previous year's figure. In general, imports, however, posted a strong expansion. The most prominent rate of growth was recorded in 2014 with an increase of 135%. Imports peaked at X tons in 2021, and then reduced notably in the following year.

In value terms, metal self-tapping screw imports contracted markedly to $X in 2022. Over the period under review, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 97%. Over the period under review, imports reached the peak figure at $X in 2021, and then contracted markedly in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest metal self-tapping screw supplier to Sri Lanka, accounting for a 85% share of total imports. Moreover, metal self-tapping screw imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), sevenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +5.3%.

In value terms, China ($X) and Taiwan (Chinese) ($X) appeared to be the largest metal self-tapping screw suppliers to Sri Lanka.

Taiwan (Chinese), with a CAGR of +4.9%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review.

Import Prices by Country

The average metal self-tapping screw import price stood at $X per ton in 2022, which is down by -32.6% against the previous year. Over the period under review, the import price continues to indicate a pronounced shrinkage. The most prominent rate of growth was recorded in 2018 an increase of 20%. The import price peaked at $X per ton in 2020; however, from 2021 to 2022, import prices remained at a 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 Taiwan (Chinese) ($X per ton), while the price for China stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+1.4%).

Source: IndexBox Platform

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