Sri Lanka: Market for Plastics Tubes, Pipes And Hoses, And Fitting 2025

Market Size for Plastics Tubes, Pipes And Hoses, And Fitting in Sri Lanka

The Sri Lankan plastic pipe and hose market shrank rapidly to $X in 2022, falling 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). In general, consumption recorded a perceptible setback. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Exports of Plastics Tubes, Pipes And Hoses, And Fitting

Exports from Sri Lanka

Plastic pipe and hose exports from Sri Lanka dropped notably to X tons in 2022, waning by X% compared with the previous year. Overall, exports, however, recorded notable growth. The growth pace was the most rapid in 2015 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, plastic pipe and hose exports dropped modestly to $X in 2022. Over the period under review, exports, however, saw prominent growth. The most prominent rate of growth was recorded in 2018 when exports increased by X%. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Maldives (X tons) was the main destination for plastic pipe and hose exports from Sri Lanka, accounting for a X% share of total exports. Moreover, plastic pipe and hose exports to Maldives exceeded the volume sent to the second major destination, Australia (X tons), threefold. Seychelles (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Maldives amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (X% per year) and Seychelles (X% per year).

In value terms, the largest markets for plastic pipe and hose exported from Sri Lanka were Maldives ($X), Australia ($X) and Seychelles ($X), together accounting for X% of total exports.

Australia, with a CAGR of X%, saw 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

The average plastic pipe and hose export price stood at $X per ton in 2022, with an increase of X% against the previous year. Overall, the export price recorded a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Australia ($X per ton), while the average price for exports to the United Arab Emirates ($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 Kenya (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Plastics Tubes, Pipes And Hoses, And Fitting

Imports into Sri Lanka

Plastic pipe and hose imports into Sri Lanka declined notably to X tons in 2022, which is down by X% on 2021 figures. Overall, imports recorded a noticeable descent. The pace of growth was the most pronounced in 2017 when imports increased by X%. Over the period under review, imports reached the maximum at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, plastic pipe and hose imports contracted notably to $X in 2022. Over the period under review, imports continue to indicate a slight decline. The pace of growth was the most pronounced in 2021 with an increase of X%. Imports peaked at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

China (X tons), India (X tons) and Thailand (X tons) were the main suppliers of plastic pipe and hose imports to Sri Lanka, with a combined X% share of total imports. Spain, Malaysia, Italy, the United Arab Emirates, the Netherlands and Belgium lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, India ($X), China ($X) and Italy ($X) were the largest plastic pipe and hose suppliers to Sri Lanka, with a combined X% share of total imports. Thailand, Malaysia, Spain, the United Arab Emirates, the Netherlands and Belgium lagged somewhat behind, together accounting for a further X%.

Spain, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average plastic pipe and hose import price stood at $X per ton in 2022, jumping by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

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

Source: IndexBox Platform

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