Sri Lanka: Market for Plastics Bidets, Lavatory Pans and Flushing Cisterns 2024

Market Size for Plastics Bidets, Lavatory Pans and Flushing Cisterns in Sri Lanka

In 2021, the Sri Lankan market for plastics bidets, lavatory pans and flushing cisterns was finally on the rise to reach $X after two years of decline. Overall, the total consumption indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +5.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -12.1% against 2018 indices. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

Production of Plastics Bidets, Lavatory Pans and Flushing Cisterns in Sri Lanka

In value terms, production of plastics bidets, lavatory pans and flushing cisterns expanded sharply to $X in 2021 estimated in export price. Overall, production recorded a resilient increase. The growth pace was the most rapid in 2018 with an increase of 44% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2021, production of growth failed to regain momentum.

Exports of Plastics Bidets, Lavatory Pans and Flushing Cisterns

Exports from Sri Lanka

In 2021, approx. X units of plastics bidets, lavatory pans and flushing cisterns were exported from Sri Lanka; with an increase of 20% against the previous year. Overall, exports posted mild growth. The growth pace was the most rapid in 2014 with an increase of 170% against the previous year. Over the period under review, the exports of attained the maximum at X units in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of plastics bidets, lavatory pans and flushing cisterns soared to $X in 2021. Over the period under review, exports saw mild growth. The pace of growth appeared the most rapid in 2016 with an increase of 209% against the previous year. As a result, the exports reached the peak of $X. From 2017 to 2021, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

Australia (X units), Seychelles (X units) and Maldives (X units) were the main destinations of exports of plastics bidets, lavatory pans and flushing cisterns from Sri Lanka, with a combined 77% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Australia (with a CAGR of +88.7%), while the other leaders experienced more modest paces of growth.

In value terms, Maldives ($X), Switzerland ($X) and Australia ($X) constituted the largest markets for plastics bidets, lavatory pans and flushing cisterns exported from Sri Lanka worldwide, with a combined 74% share of total exports.

In terms of the main countries of destination, Switzerland, with a CAGR of +76.2%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for plastics bidets, lavatory pans and flushing cisterns stood at $X per unit in 2021, growing by 4.5% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 39%. The export price peaked at $X per unit in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Switzerland ($X per unit), while the average price for exports to Seychelles ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to India (+9.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Plastics Bidets, Lavatory Pans and Flushing Cisterns

Imports into Sri Lanka

Imports of plastics bidets, lavatory pans and flushing cisterns into Sri Lanka surged to X units in 2021, picking up by 120% on the previous year. In general, imports saw a strong expansion. Imports peaked at X units in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of plastics bidets, lavatory pans and flushing cisterns surged to $X in 2021. Over the period under review, imports saw a strong increase. The pace of growth appeared the most rapid in 2013 when imports increased by 196%. Over the period under review, imports of attained the peak figure at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest plastics bidets, lavatory pans and flushing cisterns supplier to Sri Lanka, accounting for a 42% share of total imports. Moreover, imports of plastics bidets, lavatory pans and flushing cisterns from China exceeded the figures recorded by the second-largest supplier, Malaysia (X units), threefold. India (X units) ranked third in terms of total imports with an 11% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +4.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+3.9% per year) and India (+21.2% per year).

In value terms, China ($X), Germany ($X) and India ($X) were the largest plastics bidets, lavatory pans and flushing cisterns suppliers to Sri Lanka, with a combined 68% share of total imports. These countries were followed by Malaysia, Vietnam, Turkey, Hong Kong SAR and Bangladesh, which together accounted for a further 16%.

Among the main suppliers, Vietnam, with a CAGR of +83.2%, saw the highest rates of growth with regard to 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

In 2021, the average import price for plastics bidets, lavatory pans and flushing cisterns amounted to $X per unit, dropping by -21.6% against the previous year. Overall, import price indicated perceptible growth from 2012 to 2021: its price increased at an average annual rate of +4.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 when the average import price increased by 36% against the previous year. The import price peaked at $X per unit in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Hong Kong SAR ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+8.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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