Sri Lanka - Pickling Preparations for Metal Surfaces - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSri Lanka: Metal Pickling Preparations Market 2024
Metal Pickling Preparations Market Size in Sri Lanka
The Sri Lankan metal pickling preparations market skyrocketed to $X in 2021, picking up by 107% 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). In general, consumption continues to indicate buoyant growth. Metal pickling preparations consumption peaked in 2021 and is likely to see gradual growth in the near future.
Metal Pickling Preparations Exports
Exports from Sri Lanka
In 2021, shipments abroad of pickling preparations for metal surfaces decreased by -43.4% to X kg, falling for the second consecutive year after two years of growth. Overall, exports saw a slight curtailment. The growth pace was the most rapid in 2019 with an increase of 415%. As a result, the exports attained the peak of X kg. From 2020 to 2021, the growth of the exports remained at a lower figure.
In value terms, metal pickling preparations exports dropped markedly to $X in 2021. Over the period under review, exports saw a perceptible decline. The growth pace was the most rapid in 2019 when exports increased by 262% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports remained at a lower figure.
Exports by Country
Switzerland (X kg) was the main destination for metal pickling preparations exports from Sri Lanka, accounting for a 88% share of total exports. Moreover, metal pickling preparations exports to Switzerland exceeded the volume sent to the second major destination, Serbia (X kg), ninefold.
From 2012 to 2021, the average annual rate of growth in terms of volume to Switzerland totaled +95.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Serbia (0.0% per year) and Maldives (-35.0% per year).
In value terms, Switzerland ($X) emerged as the key foreign market for pickling preparations for metal surfaces exports from Sri Lanka, comprising 79% of total exports. The second position in the ranking was taken by Maldives ($X), with an 11% share of total exports.
From 2012 to 2021, the average annual rate of growth in terms of value to Switzerland stood at +105.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Maldives (-23.1% per year) and Serbia (0.0% per year).
Export Prices by Country
In 2021, the average metal pickling preparations export price amounted to $X per ton, surging by 28% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of 42% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Maldives ($X per ton), while the average price for exports to Switzerland ($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 Maldives (+17.7%), while the prices for the other major destinations experienced more modest paces of growth.
Metal Pickling Preparations Imports
Imports into Sri Lanka
Metal pickling preparations imports into Sri Lanka soared to X tons in 2021, jumping by 99% compared with the previous year's figure. In general, imports recorded buoyant growth. The most prominent rate of growth was recorded in 2016 when imports increased by 156%. As a result, imports attained the peak of X tons. From 2017 to 2021, the growth of imports failed to regain momentum.
In value terms, metal pickling preparations imports skyrocketed to $X in 2021. Over the period under review, imports enjoyed strong growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Imports by Country
The United Arab Emirates (X tons), China (X tons) and India (X tons) were the main suppliers of metal pickling preparations imports to Sri Lanka, with a combined 82% share of total imports. Indonesia, Singapore, Turkey and South Korea lagged somewhat behind, together comprising a further 15%.
From 2012 to 2021, the biggest increases were recorded for Indonesia (with a CAGR of +37.4%), while purchases for the other leaders experienced more modest paces of growth.
In value terms, the United Arab Emirates ($X) constituted the largest supplier of pickling preparations for metal surfaces to Sri Lanka, comprising 36% of total imports. The second position in the ranking was taken by China ($X), with an 11% share of total imports. It was followed by Indonesia, with an 11% share.
From 2012 to 2021, the average annual rate of growth in terms of value from the United Arab Emirates stood at +15.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+14.9% per year) and Indonesia (+38.9% per year).
Import Prices by Country
The average metal pickling preparations import price stood at $X per ton in 2021, surging by 4.8% against the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 36% against the previous year. The import price peaked in 2021 and is likely to see gradual growth in years to come.
There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Indonesia ($X per ton), while the price for China ($X per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+5.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Source: IndexBox Platform
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the metal pickling preparations 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:
- Prodcom 20595620 - Pickling preparations for metal surfaces
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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