Sri Lanka: Bath Preparations Market 2024

Bath Preparations Market Size in Sri Lanka

The Sri Lankan bath preparations market rose markedly to $X in 2021, growing by 14% against the previous year. In general, consumption showed a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Bath Preparations Production in Sri Lanka

In value terms, bath preparations production soared to $X in 2021 estimated in export price. Overall, production recorded a relatively flat trend pattern. 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 maximum level at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

Bath Preparations Exports

Exports from Sri Lanka

In 2021, exports of perfumed bath salts and other bath preparations from Sri Lanka declined significantly to X tons, with a decrease of -35.5% against 2020 figures. In general, exports, however, continue to indicate a strong increase. The pace of growth appeared the most rapid in 2019 with an increase of 475% against the previous year. As a result, the exports attained the peak of X tons. From 2020 to 2021, the growth of the exports remained at a lower figure.

In value terms, bath preparations exports expanded remarkably to $X in 2021. Over the period under review, exports, however, continue to indicate a resilient increase. The pace of growth appeared the most rapid in 2019 with an increase of 498%. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Maldives (X tons), India (X tons) and Lebanon (X tons) were the main destinations of bath preparations exports from Sri Lanka, with a combined 72% share of total exports. These countries were followed by the United States, Myanmar, Oman, Germany, Hong Kong SAR and Canada, which together accounted for a further 23%.

From 2012 to 2021, the biggest increases were recorded for Oman (with a CAGR of +62.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Maldives ($X), India ($X) and the United States ($X) were the largest markets for bath preparations exported from Sri Lanka worldwide, together accounting for 73% of total exports. These countries were followed by Germany, Oman, Lebanon, Myanmar, Hong Kong SAR and Canada, which together accounted for a further 8.3%.

Oman, with a CAGR of +72.7%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average bath preparations export price amounted to $X per ton, surging by 70% against the previous year. In general, the export price saw a relatively flat trend pattern. The export price peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Germany ($X per ton), while the average price for exports to Lebanon ($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 (+6.5%), while the prices for the other major destinations experienced more modest paces of growth.

Bath Preparations Imports

Imports into Sri Lanka

In 2021, purchases abroad of perfumed bath salts and other bath preparations decreased by -86.9% to X tons, falling for the second year in a row after two years of growth. Overall, imports faced a abrupt setback. The growth pace was the most rapid in 2015 when imports increased by 352% against the previous year. Imports peaked at X tons in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, bath preparations imports contracted significantly to $X in 2021. In general, imports faced a deep downturn. The pace of growth was the most pronounced in 2015 when imports increased by 500% 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

Hong Kong SAR (X kg), Australia (X kg) and China (X kg) were the main suppliers of bath preparations imports to Sri Lanka, together comprising 76% of total imports. These countries were followed by the Philippines, Israel, Switzerland, Malaysia, India and Singapore, which together accounted for a further 17%.

From 2012 to 2021, the biggest increases were recorded for Switzerland (with a CAGR of +36.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest bath preparations suppliers to Sri Lanka were Hong Kong SAR ($X), the Philippines ($X) and Australia ($X), together accounting for 73% of total imports. Israel, China, Switzerland, Malaysia, India and Singapore lagged somewhat behind, together accounting for a further 13%.

Israel, with a CAGR of +33.9%, recorded the highest growth rate of the value of imports, among 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 bath preparations import price amounted to $X per ton, picking up by 77% against the previous year. Overall, import price indicated a noticeable increase from 2012 to 2021: its price increased at an average annual rate of +4.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price attained 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, the country with the highest price was the Philippines ($X per ton), while the price for Singapore ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+21.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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