Sri Lanka: Market for Non-Refractory Clay Constructional Products 2024

Market Size for Non-Refractory Clay Constructional Products in Sri Lanka

The Sri Lankan non-refractory clay constructional products market reduced to $X in 2022, shrinking by -5% against the previous year. Overall, consumption saw a abrupt contraction. Non-refractory clay constructional products consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Non-Refractory Clay Constructional Products in Sri Lanka

In value terms, non-refractory clay constructional products production contracted to $X in 2022 estimated in export price. In general, production saw a abrupt decrease. The pace of growth appeared the most rapid in 2021 with an increase of 14% against the previous year. Non-refractory clay constructional products production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Non-Refractory Clay Constructional Products

Exports from Sri Lanka

In 2022, approx. X tons of non-refractory clay constructional products were exported from Sri Lanka; which is down by -7.4% against 2021. Overall, exports, however, enjoyed resilient growth. The growth pace was the most rapid in 2020 when exports increased by 2,200%. As a result, the exports attained the peak of X tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, non-refractory clay constructional products exports shrank rapidly to $X in 2022. In general, exports recorded a noticeable decline. The pace of growth was the most pronounced in 2020 with an increase of 2,122%. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Australia (X tons), the United Arab Emirates (X tons) and Maldives (X kg) were the main destinations of non-refractory clay constructional products exports from Sri Lanka, with a combined 91% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Australia (with a CAGR of +100.1%), while the other leaders experienced more modest paces of growth.

In value terms, Australia ($X) emerged as the key foreign market for non-refractory clay constructional products exports from Sri Lanka, comprising 53% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 21% share of total exports. It was followed by Maldives, with a 14% share.

From 2012 to 2022, the average annual growth rate of value to Australia totaled +90.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (0.0% per year) and Maldives (-16.1% per year).

Export Prices by Country

The average non-refractory clay constructional products export price stood at $X per ton in 2022, shrinking by -46.1% against the previous year. Over the period under review, the export price showed a deep downturn. The pace of growth was the most pronounced in 2018 an increase of 116%. Over the period under review, the average export prices reached the maximum at $X per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Sweden ($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 Austria (+14.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Refractory Clay Constructional Products

Imports into Sri Lanka

In 2022, approx. X tons of non-refractory clay constructional products were imported into Sri Lanka; waning by -23.2% compared with the year before. In general, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when imports increased by 831% against the previous year. As a result, imports reached the peak of X tons. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, non-refractory clay constructional products imports shrank to $X in 2022. Overall, imports continue to indicate a noticeable contraction. The most prominent rate of growth was recorded in 2016 when imports increased by 746%. As a result, imports attained the peak of $X. From 2017 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of non-refractory clay constructional products to Sri Lanka, with a 71% share of total imports. Moreover, non-refractory clay constructional products imports from China exceeded the figures recorded by the second-largest supplier, India (X kg), twofold.

From 2012 to 2022, the average annual growth rate of volume from China totaled +47.8%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+34.3% per year) and Italy (-39.9% per year).

In value terms, China ($X) constituted the largest supplier of non-refractory clay constructional products to Sri Lanka, comprising 87% of total imports. The second position in the ranking was held by India ($X), with a 12% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China amounted to +52.3%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+25.0% per year) and Italy (-39.4% per year).

Import Prices by Country

The average non-refractory clay constructional products import price stood at $X per ton in 2022, surging by 19% against the previous year. Overall, the import price, however, recorded a noticeable slump. The pace of growth appeared the most rapid in 2020 when the average import price increased by 88% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+111.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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