Sri Lanka: Drawing Chalk Market 2024

Drawing Chalk Market Size in Sri Lanka

After four years of decline, the Sri Lankan drawing chalk market increased by 19% to $X in 2021. Overall, consumption continues to indicate a prominent increase. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.

Drawing Chalk Exports

Exports from Sri Lanka

Drawing chalk exports from Sri Lanka skyrocketed to X units in 2021, rising by 24% compared with the previous year. In general, exports, however, saw a perceptible contraction. The most prominent rate of growth was recorded in 2016 when exports increased by 143%. Over the period under review, the exports reached the maximum at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, drawing chalk exports reached $X in 2021. Overall, exports, however, continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2016 when exports increased by 81% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (X units) was the main destination for drawing chalk exports from Sri Lanka, accounting for a 60% share of total exports. Moreover, drawing chalk exports to the United States exceeded the volume sent to the second major destination, Ukraine (X units), threefold. Ethiopia (X units) ranked third in terms of total exports with a 4.6% share.

From 2012 to 2021, the average annual growth rate of volume to the United States stood at +127.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (0.0% per year) and Ethiopia (+35.7% per year).

In value terms, the United States ($X) emerged as the key foreign market for pastels, drawing charcoals, writing or drawing chalks exports from Sri Lanka, comprising 74% of total exports. The second position in the ranking was held by Ethiopia ($X), with an 11% share of total exports. It was followed by Maldives, with a 2.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States totaled +73.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ethiopia (+14.1% per year) and Maldives (-4.6% per year).

Export Prices by Country

The average drawing chalk export price stood at $X per unit in 2021, which is down by -17% against the previous year. Over the period under review, the export price recorded a abrupt decrease. The most prominent rate of growth was recorded in 2018 when the average export price increased by 104% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Ethiopia ($X per unit), while the average price for exports to Ukraine ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Maldives (+2.0%), while the prices for the other major destinations experienced a decline.

Drawing Chalk Imports

Imports into Sri Lanka

In 2021, overseas purchases of pastels, drawing charcoals, writing or drawing chalks increased by 55% to X units for the first time since 2014, thus ending a six-year declining trend. Over the period under review, imports saw resilient growth. The pace of growth was the most pronounced in 2014 when imports increased by 351% against the previous year. As a result, imports attained the peak of X units. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, drawing chalk imports amounted to $X in 2021. In general, imports recorded strong growth. The pace of growth appeared the most rapid in 2013 with an increase of 239% against the previous year. Over the period under review, imports hit record highs at $X in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest drawing chalk supplier to Sri Lanka, accounting for a 63% share of total imports. Moreover, drawing chalk imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), tenfold. The third position in this ranking was taken by Taiwan (Chinese) (X units), with a 6.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +9.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+63.4% per year) and Taiwan (Chinese) (+13.7% per year).

In value terms, China ($X) constituted the largest supplier of pastels, drawing charcoals, writing or drawing chalks to Sri Lanka, comprising 32% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with an 11% share of total imports. It was followed by Vietnam, with a 7.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +11.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+21.7% per year) and Vietnam (+2.0% per year).

Import Prices by Country

In 2021, the average drawing chalk import price amounted to $X per unit, which is down by -34.4% against the previous year. In general, import price indicated measured growth from 2012 to 2021: its price increased at an average annual rate of +2.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 when the average import price increased by 48%. The import price peaked at $X per unit in 2020, and then reduced rapidly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Vietnam ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+7.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform