Sri Lanka: Market for Pigments, Opacifiers And Colours For Ceramics, Enamelling Or Glass 2024

Market Size for Pigments, Opacifiers And Colours For Ceramics, Enamelling Or Glass in Sri Lanka

The Sri Lankan pigments, opacifiers and colours market reduced dramatically to $X in 2022, which is down by -48.7% 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). Over the period under review, consumption, however, enjoyed a buoyant expansion. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Exports of Pigments, Opacifiers And Colours For Ceramics, Enamelling Or Glass

Exports from Sri Lanka

In 2022, the amount of pigments, opacifiers and colours for ceramics, enamelling or glass exported from Sri Lanka soared to X tons, jumping by 254% on the previous year. In general, exports enjoyed a strong expansion. The pace of growth was the most pronounced in 2017 with an increase of 711% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, pigments, opacifiers and colours exports skyrocketed to $X in 2022. Overall, exports posted a significant increase. The most prominent rate of growth was recorded in 2017 with an increase of 828% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Kenya (X tons) was the main destination for pigments, opacifiers and colours exports from Sri Lanka, accounting for a 95% share of total exports. Moreover, pigments, opacifiers and colours exports to Kenya exceeded the volume sent to the second major destination, Japan (X kg), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Kenya stood at +4,259.1%.

In value terms, Kenya ($X) emerged as the key foreign market for pigments, opacifiers and colours for ceramics, enamelling or glass exports from Sri Lanka, comprising 76% of total exports. The second position in the ranking was taken by Japan ($X), with a 24% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Kenya amounted to +5,988.8%.

Export Prices by Country

The average pigments, opacifiers and colours export price stood at $X per ton in 2022, rising by 113% against the previous year. Overall, the export price posted a strong increase. 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 Japan ($X per ton), while the average price for exports to Kenya amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+106.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Pigments, Opacifiers And Colours For Ceramics, Enamelling Or Glass

Imports into Sri Lanka

In 2022, approx. X tons of pigments, opacifiers and colours for ceramics, enamelling or glass were imported into Sri Lanka; reducing by -62.8% compared with the year before. In general, imports, however, recorded a strong increase. The most prominent rate of growth was recorded in 2019 when imports increased by 156% against the previous year. As a result, imports reached the peak of X tons. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, pigments, opacifiers and colours imports contracted markedly to $X in 2022. Overall, imports, however, recorded prominent growth. The pace of growth was the most pronounced in 2019 when imports increased by 41%. Over the period under review, imports reached the maximum at $X in 2021, and then shrank significantly in the following year.

Imports by Country

In 2022, Spain (X tons) constituted the largest pigments, opacifiers and colours supplier to Sri Lanka, with a 65% share of total imports. Moreover, pigments, opacifiers and colours imports from Spain exceeded the figures recorded by the second-largest supplier, Italy (X tons), fivefold. The United States (X tons) ranked third in terms of total imports with a 14% share.

From 2012 to 2022, the average annual growth rate of volume from Spain totaled +9.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+8.7% per year) and the United States (+77.1% per year).

In value terms, Spain ($X) constituted the largest supplier of pigments, opacifiers and colours for ceramics, enamelling or glass to Sri Lanka, comprising 54% of total imports. The second position in the ranking was held by the United States ($X), with a 19% share of total imports. It was followed by Italy, with a 5.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Spain amounted to +8.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+75.1% per year) and Italy (-4.0% per year).

Import Prices by Country

The average pigments, opacifiers and colours import price stood at $X per ton in 2022, jumping by 91% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $X per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+12.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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