Sri Lanka: Market for Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene 2024

Market Size for Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene in Sri Lanka

The Sri Lankan ethylene polymer rigid pipes market soared to $X in 2021, with an increase of 73% 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 saw a remarkable increase. Over the period under review, the market reached the peak level at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Exports of Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene

Exports from Sri Lanka

For the third year in a row, Sri Lanka recorded decline in overseas shipments of rigid tubes, pipes and hoses of polymers of ethylene, which decreased by -20.6% to X tons in 2021. In general, exports, however, enjoyed a pronounced increase. The pace of growth appeared the most rapid in 2018 with an increase of 849% against the previous year. 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, ethylene polymer rigid pipes exports dropped markedly to $X in 2021. Over the period under review, exports continue to indicate a noticeable decline. The growth pace was the most rapid in 2018 with an increase of 744% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Jordan (X tons) was the main destination for ethylene polymer rigid pipes exports from Sri Lanka, accounting for a 84% share of total exports. Moreover, ethylene polymer rigid pipes exports to Jordan exceeded the volume sent to the second major destination, Maldives (X tons), eightfold. Ethiopia (X kg) ranked third in terms of total exports with a 2.2% share.

From 2012 to 2021, the average annual growth rate of volume to Jordan totaled +1,282.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Maldives (-19.5% per year) and Ethiopia (+37.4% per year).

In value terms, Jordan ($X), the UK ($X) and Maldives ($X) appeared to be the largest markets for ethylene polymer rigid pipes exported from Sri Lanka worldwide, together comprising 96% of total exports.

In terms of the main countries of destination, Jordan, with a CAGR of +463.6%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average ethylene polymer rigid pipes export price amounted to $X per ton, which is down by -14.8% against the previous year. Over the period under review, the export price saw a abrupt decrease. The pace of growth appeared the most rapid in 2017 an increase of 17% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2018 to 2021, 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 the UK ($X per ton), while the average price for exports to Jordan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to India (+1.4%), while the prices for the other major destinations experienced a decline.

Imports of Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene

Imports into Sri Lanka

In 2021, ethylene polymer rigid pipes imports into Sri Lanka skyrocketed to X tons, jumping by 59% compared with 2020 figures. In general, imports saw buoyant growth. The most prominent rate of growth was recorded in 2017 when imports increased by 99%. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, ethylene polymer rigid pipes imports soared to $X in 2021. Overall, imports continue to indicate a buoyant expansion. The growth pace was the most rapid in 2015 with an increase of 80% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2021, the growth of imports failed to regain momentum.

Imports by Country

India (X tons), China (X tons) and Spain (X tons) were the main suppliers of ethylene polymer rigid pipes imports to Sri Lanka, with a combined 90% 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 Spain (with a CAGR of +425.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, India ($X), China ($X) and Spain ($X) were the largest ethylene polymer rigid pipes suppliers to Sri Lanka, with a combined 88% share of total imports.

Among the main suppliers, Spain, with a CAGR of +304.6%, 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

The average ethylene polymer rigid pipes import price stood at $X per ton in 2021, picking up by 10% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the average import price increased by 32%. The import price peaked at $X per ton in 2015; however, from 2016 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 Spain ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+24.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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