Sri Lanka: Market for Plasticised Mixed Polyvinyl Chloride in Primary Forms 2024

Market Size for Plasticised Mixed Polyvinyl Chloride in Primary Forms in Sri Lanka

In 2022, the Sri Lankan market for plasticised mixed polyvinyl chloride in primary forms decreased by -23.8% to $X for the first time since 2019, thus ending a two-year rising trend. Overall, the total consumption indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Consumption of peaked at $X in 2021, and then shrank dramatically in the following year.

Exports of Plasticised Mixed Polyvinyl Chloride in Primary Forms

Exports from Sri Lanka

In 2022, overseas shipments of plasticised mixed polyvinyl chloride in primary forms decreased by -97.9% to X kg, falling for the second year in a row after four years of growth. Over the period under review, exports faced a sharp decrease. The pace of growth was the most pronounced in 2015 when exports increased by 356% against the previous year. As a result, the exports reached the peak of X tons. From 2016 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of plasticised mixed polyvinyl chloride in primary forms dropped dramatically to $X in 2022. In general, exports saw a significant decrease. The growth pace was the most rapid in 2015 when exports increased by 308% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2022, the growth of the exports of failed to regain momentum.

Exports by Country

Kenya (X kg) was the main destination for exports of plasticised mixed polyvinyl chloride in primary forms from Sri Lanka, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Kenya was relatively modest.

In value terms, Kenya ($X) emerged as the key foreign market for plasticised mixed polyvinyl chloride in primary forms exports from Sri Lanka.

From 2012 to 2022, the average annual growth rate of value to Kenya was relatively modest.

Export Prices by Country

The average export price for plasticised mixed polyvinyl chloride in primary forms stood at $X per ton in 2022, rising by 208% against the previous year. Over the period under review, the export price posted a remarkable increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Kenya.

From 2012 to 2022, the rate of growth in terms of prices for Singapore amounted to +1.8% per year.

Imports of Plasticised Mixed Polyvinyl Chloride in Primary Forms

Imports into Sri Lanka

In 2022, overseas purchases of plasticised mixed polyvinyl chloride in primary forms decreased by -28.4% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, total imports indicated a modest increase from 2012 to 2022: its volume increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -29.1% against 2020 indices. The growth pace was the most rapid in 2016 with an increase of 53%. As a result, imports reached the peak of X tons. From 2017 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of plasticised mixed polyvinyl chloride in primary forms reduced markedly to $X in 2022. In general, total imports indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 when imports increased by 31%. Over the period under review, imports of hit record highs at $X in 2021, and then reduced markedly in the following year.

Imports by Country

Vietnam (X tons), India (X tons) and Singapore (X tons) were the main suppliers of imports of plasticised mixed polyvinyl chloride in primary forms to Sri Lanka, with a combined 68% share of total imports. Malaysia, China and Thailand lagged somewhat behind, together comprising a further 31%.

From 2012 to 2022, the biggest increases were recorded for Malaysia (with a CAGR of +37.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest plasticised mixed polyvinyl chloride in primary forms suppliers to Sri Lanka were India ($X), Vietnam ($X) and Singapore ($X), together accounting for 71% of total imports. China, Malaysia and Thailand lagged somewhat behind, together comprising a further 28%.

Malaysia, with a CAGR of +41.9%, 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 2022, the average import price for plasticised mixed polyvinyl chloride in primary forms amounted to $X per ton, surging by 7.4% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.7%. The most prominent rate of growth was recorded in 2021 when the average import price increased by 29%. The import price peaked in 2022 and is expected to retain growth in the immediate term.

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 India ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+7.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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