Sri Lanka: Room Deodorants Market 2024

Room Deodorants Market Size in Sri Lanka

The Sri Lankan room deodorants market contracted modestly to $X in 2022, waning by -4.4% against the previous year. In general, the total consumption indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +1.1% against 2020 indices. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Room Deodorants Production in Sri Lanka

In value terms, room deodorants production shrank modestly to $X in 2022 estimated in export price. Overall, production, however, showed a prominent expansion. The pace of growth appeared the most rapid in 2018 when the production volume increased by 48% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Room Deodorants Exports

Exports from Sri Lanka

In 2022, after two years of decline, there was significant growth in shipments abroad of preparations for perfuming or deodorising rooms, when their volume increased by 33% to X tons. In general, exports, however, recorded a deep contraction. The pace of growth appeared the most rapid in 2019 when exports increased by 599% against the previous year. As a result, the exports attained the peak of X tons. From 2020 to 2022, the growth of the exports remained at a lower figure.

In value terms, room deodorants exports surged to $X in 2022. Overall, exports, however, recorded a abrupt decline. The pace of growth appeared the most rapid in 2015 with an increase of 294%. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

The UK (X tons), the United Arab Emirates (X tons) and Maldives (X tons) were the main destinations of room deodorants exports from Sri Lanka, together comprising 55% of total exports. France, India, Japan, Ghana, Germany and Hong Kong SAR lagged somewhat behind, together accounting for a further 37%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by India (with a CAGR of +142.1%), while the other leaders experienced more modest paces of growth.

In value terms, the UK ($X) remains the key foreign market for preparations for perfuming or deodorising rooms exports from Sri Lanka, comprising 34% of total exports. The second position in the ranking was taken by Japan ($X), with a 15% share of total exports. It was followed by India, with an 8% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the UK totaled +72.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+26.7% per year) and India (+150.2% per year).

Export Prices by Country

The average room deodorants export price stood at $X per ton in 2022, picking up by 18% against the previous year. Over the period under review, the export price continues to indicate modest growth. The most prominent rate of growth was recorded in 2018 when the average export price increased by 112%. As a result, the export price attained the peak level of $X per ton. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to the United Arab Emirates ($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 Japan (+11.7%), while the prices for the other major destinations experienced more modest paces of growth.

Room Deodorants Imports

Imports into Sri Lanka

In 2022, purchases abroad of preparations for perfuming or deodorising rooms decreased by -67.2% to X tons, falling for the third year in a row after two years of growth. In general, imports showed a significant decline. The growth pace was the most rapid in 2019 when imports increased by 92% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, room deodorants imports shrank dramatically to $X in 2022. Overall, imports saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 with an increase of 62%. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, India (X tons) constituted the largest room deodorants supplier to Sri Lanka, with a 87% share of total imports. Moreover, room deodorants imports from India exceeded the figures recorded by the second-largest supplier, Indonesia (X tons), more than tenfold. The third position in this ranking was held by the UK (X tons), with a 4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from India stood at -23.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (-18.3% per year) and the UK (+54.6% per year).

In value terms, India ($X) constituted the largest supplier of preparations for perfuming or deodorising rooms to Sri Lanka, comprising 91% of total imports. The second position in the ranking was taken by the UK ($X), with a 3.4% share of total imports. It was followed by Indonesia, with a 2.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value from India totaled -12.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+68.1% per year) and Indonesia (-16.0% per year).

Import Prices by Country

The average room deodorants import price stood at $X per ton in 2022, growing by 52% against the previous year. Overall, the import price showed a buoyant increase. As a result, import price attained the peak level and is likely to continue 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 the United Arab Emirates ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+13.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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