Sri Lanka: Market for Prefabricated Structural Components Of Cement, Concrete Or Artificial Stone 2024

Market Size for Prefabricated Structural Components Of Cement, Concrete Or Artificial Stone in Sri Lanka

In 2021, the Sri Lankan cement prefabricated structural components market decreased by -10.1% to $X for the first time since 2017, thus ending a three-year rising trend. In general, the total consumption indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +5.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +45.2% against 2017 indices. As a result, consumption attained the peak level of $X, and then reduced in the following year.

Production of Prefabricated Structural Components Of Cement, Concrete Or Artificial Stone in Sri Lanka

In value terms, cement prefabricated structural components production shrank to $X in 2021 estimated in export price. In general, the total production indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +5.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +46.1% against 2017 indices. The growth pace was the most rapid in 2020 when the production volume increased by 26%. As a result, production reached the peak level of $X, and then reduced in the following year.

Exports of Prefabricated Structural Components Of Cement, Concrete Or Artificial Stone

Exports from Sri Lanka

In 2021, overseas shipments of prefabricated structural components of cement, concrete or artificial stone decreased by -58.8% to X tons, falling for the third consecutive year after three years of growth. Overall, exports faced a deep setback. The pace of growth was the most pronounced in 2018 with an increase of 1,109%. As a result, the exports attained the peak of X tons. From 2019 to 2021, the growth of the exports failed to regain momentum.

In value terms, cement prefabricated structural components exports contracted significantly to $X in 2021. Over the period under review, exports continue to indicate a precipitous setback. The growth pace was the most rapid in 2018 with an increase of 823% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

The UK (X tons) was the main destination for cement prefabricated structural components exports from Sri Lanka, with a 100% share of total exports. It was followed by Maldives (X kg), with a 0.2% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to the UK amounted to -58.2%.

In value terms, the UK ($X) remains the key foreign market for prefabricated structural components of cement, concrete or artificial stone exports from Sri Lanka, comprising 100% of total exports. The second position in the ranking was held by Maldives ($X), with a 0.2% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to the UK amounted to -69.2%.

Export Prices by Country

In 2021, the average cement prefabricated structural components export price amounted to $X per ton, declining by -25.9% against the previous year. In general, the export price recorded a abrupt shrinkage. The growth pace was the most rapid in 2020 when the average export price increased by 96%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably for the major external markets. In 2021, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Maldives totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Maldives (-12.1%).

Imports of Prefabricated Structural Components Of Cement, Concrete Or Artificial Stone

Imports into Sri Lanka

Cement prefabricated structural components imports into Sri Lanka declined significantly to X tons in 2021, waning by -86.4% compared with 2020 figures. Overall, imports continue to indicate a deep setback. The pace of growth appeared the most rapid in 2015 with an increase of 861%. Over the period under review, imports reached the peak figure at X tons in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, cement prefabricated structural components imports dropped remarkably to $X in 2021. In general, imports saw a abrupt descent. The most prominent rate of growth was recorded in 2016 with an increase of 761%. Imports peaked at $X in 2020, and then reduced sharply in the following year.

Imports by Country

India (X tons), Greece (X tons) and China (X tons) were the main suppliers of cement prefabricated structural components imports to Sri Lanka, with a combined 59% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Greece (with a CAGR of +26.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest cement prefabricated structural components suppliers to Sri Lanka were India ($X), Greece ($X) and China ($X), with a combined 63% share of total imports. Thailand and Germany lagged somewhat behind, together comprising a further 2%.

Thailand, with a CAGR of +22.6%, saw 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

The average cement prefabricated structural components import price stood at $X per ton in 2021, picking up by 46% against the previous year. Overall, the import price, however, showed a mild slump. The most prominent rate of growth was recorded in 2019 an increase of 50% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was India ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+11.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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