Sri Lanka: Market for PVC Floor, Wall and Ceiling Coverings 2024

Market Size for PVC Floor, Wall and Ceiling Coverings in Sri Lanka

The Sri Lankan market for PVC floor, wall and ceiling coverings fell significantly to $X in 2022, shrinking by -70.1% 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). In general, consumption showed a drastic downturn. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market failed to regain momentum.

Exports of PVC Floor, Wall and Ceiling Coverings

Exports from Sri Lanka

In 2022, the amount of PVC floor, wall and ceiling coverings exported from Sri Lanka contracted dramatically to X square meters, with a decrease of -59.9% against 2021 figures. Over the period under review, exports recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of 699%. Over the period under review, the exports of hit record highs at X square meters in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, exports of PVC floor, wall and ceiling coverings reduced notably to $X in 2022. Overall, exports showed a deep slump. The most prominent rate of growth was recorded in 2017 when exports increased by 502%. Over the period under review, the exports of attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Timor-Leste (X square meters) was the main destination for exports of PVC floor, wall and ceiling coverings from Sri Lanka, accounting for a 84% share of total exports. Moreover, exports of PVC floor, wall and ceiling coverings to Timor-Leste exceeded the volume sent to the second major destination, Maldives (X square meters), sixfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Timor-Leste was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Maldives (-7.6% per year) and Central African Republic (0.0% per year).

In value terms, Timor-Leste ($X) emerged as the key foreign market for PVC floor, wall and ceiling coverings exports from Sri Lanka, comprising 79% of total exports. The second position in the ranking was held by Maldives ($X), with a 20% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Timor-Leste was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Maldives (-11.0% per year) and Central African Republic (0.0% per year).

Export Prices by Country

In 2022, the average export price for PVC floor, wall and ceiling coverings amounted to $X per square meter, declining by -10.5% against the previous year. Overall, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 96%. As a result, the export price attained the peak level of $X per square meter. From 2015 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Maldives ($X per square meter), while the average price for exports to Central African Republic ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Nepal (+22.2%), while the prices for the other major destinations experienced a decline.

Imports of PVC Floor, Wall and Ceiling Coverings

Imports into Sri Lanka

Imports of PVC floor, wall and ceiling coverings into Sri Lanka fell significantly to X square meters in 2022, declining by -66.8% on 2021. Overall, imports continue to indicate a deep downturn. The growth pace was the most rapid in 2015 when imports increased by 206%. Imports peaked at X square meters in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of PVC floor, wall and ceiling coverings declined sharply to $X in 2022. In general, imports showed a abrupt contraction. The pace of growth was the most pronounced in 2015 with an increase of 210% against the previous year. As a result, imports attained the peak of $X. From 2016 to 2022, the growth of imports of remained at a lower figure.

Imports by Country

Malaysia (X square meters), India (X square meters) and China (X square meters) were the main suppliers of imports of PVC floor, wall and ceiling coverings to Sri Lanka, together accounting for 69% of total imports.

From 2012 to 2022, the biggest increases were recorded for Malaysia (with a CAGR of +61.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest PVC floor, wall and ceiling coverings suppliers to Sri Lanka were China ($X), India ($X) and the United States ($X), together accounting for 63% of total imports. Malaysia, Sweden, South Korea and Thailand lagged somewhat behind, together accounting for a further 25%.

Malaysia, with a CAGR of +47.5%, recorded the highest rates of growth with regard to the value of imports, in terms of 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 PVC floor, wall and ceiling coverings amounted to $X per square meter, falling by -13.1% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 36%. As a result, import price reached the peak level of $X per square meter. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

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 Sweden ($X per square meter), while the price for Malaysia ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+3.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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