Sri Lanka: Market for Multiple-Walled Insulating Units Of Glass 2024

Market Size for Multiple-Walled Insulating Units Of Glass in Sri Lanka

In 2021, the Sri Lankan multiple-walled insulating glass unit market decreased by -1.8% to $X for the first time since 2013, thus ending a seven-year rising trend. In general, the total consumption indicated a perceptible increase from 2012 to 2021: its value increased at an average annual rate of +4.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Multiple-walled insulating glass unit consumption peaked at $X in 2020, and then dropped slightly in the following year.

Production of Multiple-Walled Insulating Units Of Glass in Sri Lanka

In value terms, multiple-walled insulating glass unit production contracted modestly to $X in 2021 estimated in export price. Over the period under review, the total production indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +5.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +80.7% against 2013 indices. The growth pace was the most rapid in 2019 with an increase of 31% against the previous year. Over the period under review, production attained the peak level at $X in 2020, and then contracted slightly in the following year.

Exports of Multiple-Walled Insulating Units Of Glass

Exports from Sri Lanka

In 2021, the amount of multiple-walled insulating units of glass exported from Sri Lanka fell dramatically to X square meters, shrinking by -71.7% against the previous year. In general, exports faced a precipitous decrease. The growth pace was the most rapid in 2013 with an increase of 240% against the previous year. Over the period under review, the exports hit record highs at X square meters in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, multiple-walled insulating glass unit exports dropped remarkably to $X in 2021. Over the period under review, exports continue to indicate a significant decrease. The pace of growth appeared the most rapid in 2013 with an increase of 191%. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Maldives (X square meters) and India (X square meters) were the main destinations of multiple-walled insulating glass unit exports from Sri Lanka.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Maldives (with a CAGR of +28.2%).

In value terms, Maldives ($X) and India ($X) were the largest markets for multiple-walled insulating glass unit exported from Sri Lanka worldwide.

In terms of the main countries of destination, Maldives, with a CAGR of +25.9%, saw the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

In 2021, the average multiple-walled insulating glass unit export price amounted to $X per square meter, shrinking by -45.6% against the previous year. Overall, the export price, however, continues to indicate strong growth. The growth pace was the most rapid in 2019 when the average export price increased by 76% against the previous year. The export price peaked at $X per square meter in 2020, and then shrank rapidly in the following year.

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 India stood at $X per square meter.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to India (+4.9%).

Imports of Multiple-Walled Insulating Units Of Glass

Imports into Sri Lanka

After four years of growth, purchases abroad of multiple-walled insulating units of glass decreased by -47.7% to X square meters in 2021. Over the period under review, imports, however, saw a significant expansion. The pace of growth was the most pronounced in 2015 with an increase of 780% against the previous year. Over the period under review, imports hit record highs at X square meters in 2020, and then dropped remarkably in the following year.

In value terms, multiple-walled insulating glass unit imports contracted sharply to $X in 2021. Overall, imports, however, recorded a significant increase. The growth pace was the most rapid in 2015 with an increase of 731% against the previous year. Over the period under review, imports hit record highs at $X in 2020, and then shrank markedly in the following year.

Imports by Country

India (X square meters), China (X square meters) and Turkey (X square meters) were the main suppliers of multiple-walled insulating glass unit imports to Sri Lanka, with a combined 92% share of total imports. These countries were followed by Malaysia, which accounted for a further 6.4%.

From 2012 to 2021, the biggest increases were recorded for Malaysia (with a CAGR of +299.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), India ($X) and Turkey ($X) constituted the largest multiple-walled insulating glass unit suppliers to Sri Lanka, together comprising 90% of total imports. These countries were followed by Malaysia, which accounted for a further 6.6%.

Malaysia, with a CAGR of +410.6%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average multiple-walled insulating glass unit import price amounted to $X per square meter, shrinking by -25.4% against the previous year. In general, import price indicated a noticeable expansion from 2012 to 2021: its price increased at an average annual rate of +2.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 an increase of 40%. Over the period under review, average import prices reached the maximum at $X per square meter in 2020, and then dropped notably in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per square meter), while the price for Turkey ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+28.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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