Sri Lanka: Moulds For Metal Market 2024

Moulds For Metal Market Size in Sri Lanka

The Sri Lankan moulds for metal market contracted sharply to $X in 2022, which is down by -18% 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). Overall, consumption enjoyed perceptible growth. Over the period under review, the market reached the peak level at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Moulds For Metal Exports

Exports from Sri Lanka

In 2022, the amount of moulds for metals exported from Sri Lanka soared to X tons, increasing by 83% on the year before. Overall, exports showed a resilient increase. The pace of growth appeared the most rapid in 2018 with an increase of 1,120% against the previous year. As a result, the exports reached the peak of X tons. From 2019 to 2022, the growth of the exports remained at a lower figure.

In value terms, moulds for metal exports skyrocketed to $X in 2022. Over the period under review, exports showed significant growth. The most prominent rate of growth was recorded in 2016 when exports increased by 206% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

India (X tons) was the main destination for moulds for metal exports from Sri Lanka, with a 54% share of total exports. Moreover, moulds for metal exports to India exceeded the volume sent to the second major destination, Germany (X tons), threefold. The UK (X tons) ranked third in terms of total exports with a 15% share.

From 2012 to 2022, the average annual growth rate of volume to India stood at +25.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+186.7% per year) and the UK (+30.2% per year).

In value terms, the UK ($X) remains the key foreign market for moulds for metals exports from Sri Lanka, comprising 66% of total exports. The second position in the ranking was taken by India ($X), with an 11% share of total exports. It was followed by Germany, with a 6% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the UK stood at +40.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+10.1% per year) and Germany (+199.8% per year).

Export Prices by Country

The average moulds for metal export price stood at $X per ton in 2022, with a decrease of -17.3% against the previous year. In general, the export price, however, continues to indicate a remarkable increase. The pace of growth appeared the most rapid in 2019 when the average export price increased by 2,640%. As a result, the export price reached the peak level of $X per ton. From 2020 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+7.7%), while the prices for the other major destinations experienced more modest paces of growth.

Moulds For Metal Imports

Imports into Sri Lanka

Moulds for metal imports into Sri Lanka rose to X tons in 2022, with an increase of 4.5% against 2021. Overall, imports posted moderate growth. The most prominent rate of growth was recorded in 2017 with an increase of 235%. As a result, imports reached the peak of X tons. From 2018 to 2022, the growth of imports remained at a lower figure.

In value terms, moulds for metal imports reduced remarkably to $X in 2022. Over the period under review, imports enjoyed tangible growth. The most prominent rate of growth was recorded in 2017 with an increase of 103% against the previous year. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest moulds for metal supplier to Sri Lanka, accounting for a 66% share of total imports. Moreover, moulds for metal imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), fourfold. Germany (X tons) ranked third in terms of total imports with a 14% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +12.7%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-5.1% per year) and Germany (+75.4% per year).

In value terms, China ($X) constituted the largest supplier of moulds for metals to Sri Lanka, comprising 60% of total imports. The second position in the ranking was taken by Germany ($X), with a 15% share of total imports. It was followed by India, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +11.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+59.4% per year) and India (-4.1% per year).

Import Prices by Country

In 2022, the average moulds for metal import price amounted to $X per ton, declining by -28.4% against the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 47% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+33.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform