Report Update Nov 1, 2024

Sri Lanka - Polishes for Coachwork - Market Analysis, Forecast, Size, Trends and Insights

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Sri Lanka: Polishes For Coachwork Market 2024

Polishes For Coachwork Market Size in Sri Lanka

The Sri Lankan polishes for coachwork market dropped notably to $X in 2022, waning by -51.8% 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 continues to indicate a mild reduction. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Polishes For Coachwork Exports

Exports from Sri Lanka

In 2022, shipments abroad of polishes for coachwork was finally on the rise to reach X kg for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports showed resilient growth. The pace of growth was the most pronounced in 2016 with an increase of 457%. The exports peaked at X kg in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, polishes for coachwork exports surged to $X in 2022. In general, exports continue to indicate a significant increase. The pace of growth was the most pronounced in 2016 when exports increased by 427% against the previous year. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

Maldives (X kg) was the main destination for polishes for coachwork exports from Sri Lanka, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Maldives totaled +34.2%.

In value terms, Maldives ($X) emerged as the key foreign market for polishes for coachwork exports from Sri Lanka.

From 2012 to 2022, the average annual rate of growth in terms of value to Maldives amounted to +45.1%.

Export Prices by Country

In 2022, the average polishes for coachwork export price amounted to $X per ton, increasing by 47% against the previous year. In general, the export price posted a remarkable increase. The growth pace was the most rapid in 2013 an increase of 122% against the previous year. The export price peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Maldives amounted to +8.1% per year.

Polishes For Coachwork Imports

Imports into Sri Lanka

Polishes for coachwork imports into Sri Lanka declined rapidly to X tons in 2022, with a decrease of -44.6% compared with 2021 figures. In general, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when imports increased by 198%. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, polishes for coachwork imports reduced remarkably to $X in 2022. Overall, imports showed a mild contraction. The most prominent rate of growth was recorded in 2013 when imports increased by 184%. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

The United States (X tons), the UK (X tons) and Malaysia (X tons) were the main suppliers of polishes for coachwork imports to Sri Lanka, together accounting for 58% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Malaysia (with a CAGR of +52.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest polishes for coachwork suppliers to Sri Lanka were the United States ($X), the UK ($X) and Germany ($X), together accounting for 62% of total imports. Malaysia, Singapore, China, India and Japan lagged somewhat behind, together accounting for a further 24%.

In terms of the main suppliers, Malaysia, with a CAGR of +25.7%, recorded 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

The average polishes for coachwork import price stood at $X per ton in 2022, reducing by -16.3% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 an increase of 46% against the previous year. The import price peaked at $X per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+4.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for polishes for coachwork in the world?

China constituted the country with the largest volume of polishes for coachwork consumption, comprising approx. 30% of total volume. Moreover, polishes for coachwork consumption in China exceeded the figures recorded by the second-largest consumer, the United States, threefold. The third position in this ranking was occupied by Japan, with a 6.1% share.

What are the largest producers of polishes for coachwork in the world?

The country with the largest volume of polishes for coachwork production was China, comprising approx. 33% of total volume. Moreover, polishes for coachwork production in China exceeded the figures recorded by the second-largest producer, the United States, twofold. The third position in this ranking was occupied by Japan, with a 6.3% share.

What are the leading suppliers of polishes for coachwork to Sri Lanka?

In value terms, the largest polishes for coachwork suppliers to Sri Lanka were the UK, the United States and Germany, together accounting for 63% of total imports. Indonesia, China, India and the Netherlands lagged somewhat behind, together comprising a further 22%.

What are the leading importers of polishes for coachwork from Sri Lanka?

In value terms, Maldives remains the key foreign market for polishes for coachwork exports from Sri Lanka.

What is the average export price for polishes for coachwork in Sri Lanka?

In 2021, the average polishes for coachwork export price amounted to $10,876 per ton, picking up by 5.2% against the previous year.

What is the average import price for polishes for coachwork in Sri Lanka?

The average polishes for coachwork import price stood at $6,006 per ton in 2021, approximately reflecting the previous year.

This report provides an in-depth analysis of the polishes for coachwork 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 20414370 - Polishes and similar preparations, for coachwork (excluding artificial and prepared waxes, metal polishes)

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023