Report Update Nov 1, 2024

Sri Lanka - Particle Board - Market Analysis, Forecast, Size, Trends and Insights

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Sri Lanka: Particle Board Market 2024

Particle Board Market Size in Sri Lanka

The Sri Lankan particle board market shrank rapidly to $X in 2022, which is down by -30.7% 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, however, saw a strong increase. As a result, consumption reached the peak level of $X, and then fell notably in the following year.

Particle Board Exports

Exports from Sri Lanka

In 2022, after three years of decline, there was significant growth in shipments abroad of particle board, when their volume increased by 972% to X cubic meters. Over the period under review, exports, however, saw a relatively flat trend pattern. The exports peaked at X cubic meters in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, particle board exports skyrocketed to $X in 2022. Overall, exports saw significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

India (X cubic meters), the UK (X cubic meters) and Canada (X cubic meters) were the main destinations of particle board exports from Sri Lanka, with a combined 99% share of total exports.

From 2012 to 2022, the biggest increases were recorded for the UK (with a CAGR of +229.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X) emerged as the key foreign market for particle board exports from Sri Lanka, comprising 87% of total exports. The second position in the ranking was held by India ($X), with a 7.3% share of total exports. It was followed by Canada, with a 4% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the UK stood at +400.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+5.6% per year) and Canada (0.0% per year).

Export Prices by Country

The average particle board export price stood at $X per cubic meter in 2022, growing by 146% against the previous year. In general, the export price saw significant growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per cubic meter), while the average price for exports to Maldives ($X per cubic meter) 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 (+51.8%), while the prices for the other major destinations experienced more modest paces of growth.

Particle Board Imports

Imports into Sri Lanka

In 2022, approx. X cubic meters of particle board were imported into Sri Lanka; with a decrease of -33.4% on 2021 figures. In general, imports, however, enjoyed a buoyant expansion. The pace of growth was the most pronounced in 2016 with an increase of 80% against the previous year. Over the period under review, imports reached the peak figure at X cubic meters in 2021, and then reduced remarkably in the following year.

In value terms, particle board imports fell remarkably to $X in 2022. Over the period under review, imports, however, saw a prominent increase. The most prominent rate of growth was recorded in 2021 with an increase of 100%. Imports peaked at $X in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, India (X cubic meters) constituted the largest supplier of particle board to Sri Lanka, with a 52% share of total imports. Moreover, particle board imports from India exceeded the figures recorded by the second-largest supplier, Malaysia (X cubic meters), twofold. Thailand (X cubic meters) ranked third in terms of total imports with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from India amounted to +45.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (-5.3% per year) and Thailand (+25.5% per year).

In value terms, India ($X) constituted the largest supplier of particle board to Sri Lanka, comprising 50% of total imports. The second position in the ranking was held by Malaysia ($X), with a 19% share of total imports. It was followed by Thailand, with a 16% share.

From 2012 to 2022, the average annual growth rate of value from India amounted to +48.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (-5.3% per year) and Thailand (+30.4% per year).

Import Prices by Country

In 2022, the average particle board import price amounted to $X per cubic meter, growing by 13% against the previous year. Over the last decade, it increased at an average annual rate of +1.7%. The pace of growth was the most pronounced in 2021 when the average import price increased by 14%. Over the period under review, average import prices reached the maximum in 2022 and is likely to see gradual growth in years to come.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were China ($X per cubic meter) and Thailand ($X per cubic meter), while the price for Malaysia ($X per cubic meter) and India ($X per cubic meter) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+7.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for particle boards in the world?

The countries with the highest volumes of particle board consumption in 2021 were China, the United States and Germany, with a combined 53% share of global consumption.

What are the largest producers of particle boards in the world?

The countries with the highest volumes of particle board production in 2021 were China, the United States and Canada, together accounting for 47% of global production.

What are the leading suppliers of particle boards to Sri Lanka?

In value terms, the largest particle board suppliers to Sri Lanka were India, Malaysia and China, together comprising 78% of total imports. Singapore, Thailand and the Netherlands lagged somewhat behind, together comprising a further 17%.

What are the leading importers of particle boards from Sri Lanka?

In value terms, India remains the key foreign market for particle board exports from Sri Lanka, comprising 90% of total exports. The second position in the ranking was occupied by Maldives, with a 6.1% share of total exports. It was followed by Pakistan, with a 1.9% share.

What is the average export price for particle boards in Sri Lanka?

The average particle board export price stood at $1,301 per cubic meter in 2021, waning by -58.7% against the previous year.

What is the average import price for particle boards in Sri Lanka?

The average particle board import price stood at $249 per cubic meter in 2021, rising by 3.3% against the previous year.

This report provides an in-depth analysis of the particle board market in Sri Lanka. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 1697 - Particle board
FCL 1606 - OSB

Country coverage:

Sri Lanka

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Sri Lanka
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023