Sri Lanka: Market for Non-Soap Surface-Active Washing and Cleaning Preparations 2024

Market Size for Non-Soap Surface-Active Washing and Cleaning Preparations in Sri Lanka

The Sri Lankan market for non-soap surface-active washing and cleaning preparations skyrocketed to $X in 2021, increasing by 23% 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, the total consumption indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +5.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level in 2021 and is likely to see gradual growth in the immediate term.

Exports of Non-Soap Surface-Active Washing and Cleaning Preparations

Exports from Sri Lanka

In 2021, overseas shipments of non-soap surface-active washing and cleaning preparations increased by 0.1% to X tons, rising for the third year in a row after two years of decline. Over the period under review, exports saw a remarkable increase. The pace of growth was the most pronounced in 2014 with an increase of 150%. The exports peaked at X tons in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, exports of non-soap surface-active washing and cleaning preparations surged to $X in 2021. In general, exports enjoyed measured growth. The pace of growth was the most pronounced in 2014 when exports increased by 156%. The exports peaked at $X in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Bangladesh (X tons), Oman (X tons) and Maldives (X tons) were the main destinations of exports of non-soap surface-active washing and cleaning preparations from Sri Lanka, together comprising 76% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Oman (with a CAGR of +61.7%), while the other leaders experienced more modest paces of growth.

In value terms, Bangladesh ($X) remains the key foreign market for non-soap surface-active washing and cleaning preparations exports from Sri Lanka, comprising 43% of total exports. The second position in the ranking was taken by Maldives ($X), with an 11% share of total exports. It was followed by Oman, with a 9.4% share.

From 2012 to 2021, the average annual growth rate of value to Bangladesh stood at +16.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Maldives (-11.9% per year) and Oman (+83.7% per year).

Export Prices by Country

The average export price for non-soap surface-active washing and cleaning preparations stood at $X per ton in 2021, with an increase of 28% against the previous year. Over the period under review, the export price, however, showed a perceptible decline. The export price peaked at $X per ton in 2017; however, from 2018 to 2021, 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 Ethiopia ($X per ton), while the average price for exports to Oman ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Oman (+13.6%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Non-Soap Surface-Active Washing and Cleaning Preparations

Imports into Sri Lanka

In 2021, after four years of growth, there was decline in overseas purchases of non-soap surface-active washing and cleaning preparations, when their volume decreased by -0.1% to X tons. In general, total imports indicated a buoyant expansion from 2012 to 2021: its volume increased at an average annual rate of +5.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +56.3% against 2012 indices. The most prominent rate of growth was recorded in 2015 with an increase of 17%. Imports peaked at X tons in 2020, and then dropped slightly in the following year.

In value terms, imports of non-soap surface-active washing and cleaning preparations surged to $X in 2021. Overall, total imports indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +5.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, India (X tons) constituted the largest supplier of non-soap surface-active washing and cleaning preparations to Sri Lanka, accounting for a 65% share of total imports. Moreover, imports of non-soap surface-active washing and cleaning preparations from India exceeded the figures recorded by the second-largest supplier, China (X tons), sevenfold. Germany (X tons) ranked third in terms of total imports with a 6% share.

From 2012 to 2021, the average annual growth rate of volume from India stood at +5.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+16.3% per year) and Germany (+11.8% per year).

In value terms, India ($X) constituted the largest supplier of non-soap surface-active washing and cleaning preparations to Sri Lanka, comprising 48% of total imports. The second position in the ranking was taken by Germany ($X), with a 12% share of total imports. It was followed by China, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value from India totaled +4.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+13.0% per year) and China (+21.0% per year).

Import Prices by Country

In 2021, the average import price for non-soap surface-active washing and cleaning preparations amounted to $X per ton, surging by 29% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Singapore ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+5.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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