Sri Lanka: Personal Anti-Perspirants Market 2024

Personal Anti-Perspirants Market Size in Sri Lanka

The Sri Lankan personal anti-perspirants market contracted sharply to $X in 2022, which is down by X% 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, consumption showed a deep reduction. Over the period under review, the market hit record highs at $X in 2021, and then shrank remarkably in the following year.

Personal Anti-Perspirants Exports

Exports from Sri Lanka

In 2022, overseas shipments of personal deodorants and anti-perspirants increased by X% to X tons, rising for the second year in a row after five years of decline. Over the period under review, exports saw a tangible increase. The pace of growth was the most pronounced in 2015 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2016 to 2022, the growth of the exports failed to regain momentum.

In value terms, personal anti-perspirants exports skyrocketed to $X in 2022. Overall, exports, however, recorded a noticeable decline. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Maldives (X tons) was the main destination for personal anti-perspirants exports from Sri Lanka, accounting for a X% share of total exports. Moreover, personal anti-perspirants exports to Maldives exceeded the volume sent to the second major destination, Singapore (X tons), threefold.

From 2012 to 2022, the average annual growth rate of volume to Maldives totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (X% per year) and the United Arab Emirates (X% per year).

In value terms, the largest markets for personal anti-perspirants exported from Sri Lanka were Maldives ($X), Singapore ($X) and the United Arab Emirates ($X), with a combined X% share of total exports.

Maldives, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average personal anti-perspirants export price stood at $X per ton in 2022, dropping by X% against the previous year. Over the period under review, the export price showed a noticeable setback. The pace of growth was the most pronounced in 2017 when the average export price increased by X%. Over the period under review, the average export prices hit record highs at $X per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($X per ton), while the average price for exports to the United Arab Emirates ($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 the Philippines (X%), while the prices for the other major destinations experienced more modest paces of growth.

Personal Anti-Perspirants Imports

Imports into Sri Lanka

In 2022, the amount of personal deodorants and anti-perspirants imported into Sri Lanka declined sharply to X tons, reducing by X% against 2021 figures. Over the period under review, imports saw a perceptible descent. The growth pace was the most rapid in 2018 with an increase of X%. Imports peaked at X tons in 2021, and then dropped notably in the following year.

In value terms, personal anti-perspirants imports reduced rapidly to $X in 2022. In general, imports continue to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, imports attained the peak of $X, and then dropped notably in the following year.

Imports by Country

The Philippines (X tons), India (X tons) and the United Arab Emirates (X tons) were the main suppliers of personal anti-perspirants imports to Sri Lanka, together accounting for X% of total imports. The UK, Indonesia, Russia, Vietnam and Thailand lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Vietnam (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, India ($X), the Philippines ($X) and Vietnam ($X) appeared to be the largest personal anti-perspirants suppliers to Sri Lanka, together comprising X% of total imports.

Among the main suppliers, Vietnam, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average personal anti-perspirants import price stood at $X per ton in 2022, picking up by X% against the previous year. In general, the import price, however, continues to indicate a perceptible downturn. The pace of growth appeared the most rapid in 2017 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Vietnam ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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