Sri Lanka: Market for Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride 2024

Market Size for Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride in Sri Lanka

The Sri Lankan market for rigid tubes, pipes and hoses of polymers of vinyl chloride contracted remarkably to $X in 2022, reducing by -37% 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). Overall, consumption showed a abrupt slump. Over the period under review, the market reached the maximum level at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Exports of Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride

Exports from Sri Lanka

Vinyl chloride polymer rigid pipes exports from Sri Lanka contracted significantly to X tons in 2022, shrinking by -62.5% against 2021 figures. Over the period under review, exports, however, recorded significant growth. The pace of growth was the most pronounced in 2013 with an increase of 212%. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, vinyl chloride polymer rigid pipes exports dropped notably to $X in 2022. In general, exports, however, posted a significant increase. The growth pace was the most rapid in 2013 with an increase of 204%. Over the period under review, the exports attained the maximum at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Maldives (X tons) was the main destination for vinyl chloride polymer rigid pipes exports from Sri Lanka, with a 93% share of total exports. Moreover, vinyl chloride polymer rigid pipes exports to Maldives exceeded the volume sent to the second major destination, Seychelles (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Maldives totaled +26.1%.

In value terms, Maldives ($X) emerged as the key foreign market for rigid tubes, pipes and hoses of polymers of vinyl chloride exports from Sri Lanka, comprising 87% of total exports. The second position in the ranking was taken by Seychelles ($X), with a 13% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Maldives amounted to +25.9%.

Export Prices by Country

The average export price for rigid tubes, pipes and hoses of polymers of vinyl chloride stood at $X per ton in 2022, surging by 83% against the previous year. Over the period under review, export price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Seychelles ($X per ton), while the average price for exports to Maldives stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+30.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride

Imports into Sri Lanka

Vinyl chloride polymer rigid pipes imports into Sri Lanka fell significantly to X tons in 2022, declining by -39.1% compared with 2021. In general, imports continue to indicate a noticeable curtailment. The pace of growth was the most pronounced in 2021 with an increase of 62%. Over the period under review, imports reached the maximum at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, vinyl chloride polymer rigid pipes imports contracted remarkably to $X in 2022. Overall, imports continue to indicate a abrupt contraction. The growth pace was the most rapid in 2021 when imports increased by 61%. Over the period under review, imports reached the peak figure at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest vinyl chloride polymer rigid pipes supplier to Sri Lanka, with a 74% share of total imports. Moreover, vinyl chloride polymer rigid pipes imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), sixfold. The third position in this ranking was taken by Poland (X tons), with a 7.2% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +3.8%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-1.7% per year) and Poland (+31.4% per year).

In value terms, the largest vinyl chloride polymer rigid pipes suppliers to Sri Lanka were China ($X), India ($X) and Poland ($X), together accounting for 91% of total imports.

Poland, with a CAGR of +38.2%, 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 mixed trend patterns.

Import Prices by Country

In 2022, the average import price for rigid tubes, pipes and hoses of polymers of vinyl chloride amounted to $X per ton, reducing by -29.4% against the previous year. Overall, the import price continues to indicate a perceptible decrease. The growth pace was the most rapid in 2019 an increase of 25% against the previous year. The import price peaked at $X per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: 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 2022, the most notable rate of growth in terms of prices was attained by India (+6.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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