Sri Lanka: Market for Safety glass, toughened (tempered), of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vessels 2022

Market Size for Safety glass, toughened (tempered), of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vessels in Sri Lanka

After four years of decline, the Sri Lankan market for safety glass, toughened (tempered), of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vesselses increased by X% to $X in 2020. Over the period under review, consumption, however, saw a mild contraction. Consumption peaked at $X in 2011; however, from 2012 to 2020, consumption stood at a somewhat lower figure.

Exports of Safety glass, toughened (tempered), of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vessels

Exports from Sri Lanka

In 2020, shipments abroad of safety glass, toughened (tempered), of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vesselses increased by X% to X square meters, rising for the second year in a row after two years of decline. In general, exports recorded a significant expansion. The pace of growth was the most pronounced in 2016 with an increase of X% year-to-year. Exports peaked in 2020 and are expected to retain growth in the immediate term.

In value terms, exports of safety glass, toughened (tempered), of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vesselses skyrocketed to $X in 2020. Overall, exports enjoyed buoyant growth. The pace of growth appeared the most rapid in 2014 with an increase of X% y-o-y. Over the period under review, exports reached the peak figure at $X in 2016; however, from 2017 to 2020, exports stood at a somewhat lower figure.

Exports by Country

Maldives (X square meters) was the main destination for exports of safety glass, toughened (tempered), of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vesselses from Sri Lanka, with a X% share of total exports. Moreover, exports of safety glass, toughened (tempered), of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vesselses to Maldives exceeded the volume sent to the second major destination, Hong Kong SAR (X square meters), more than tenfold.

From 2007 to 2020, the average annual growth rate of volume to Maldives totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (+X% per year) and Japan (+X% per year).

In value terms, Maldives ($X) remains the key foreign market for safety glass, toughened (tempered), of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vessels exports from Sri Lanka, comprising X% of total exports. The second position in the ranking was occupied by Japan ($X), with a X% share of total exports.

From 2007 to 2020, the average annual growth rate of value to Maldives amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+X% per year) and Hong Kong SAR (+X% per year).

Export Prices by Country

In 2020, the average export price for safety glass, toughened (tempered), of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vesselses amounted to $X per square meter, which is down by -X% against the previous year. Over the period under review, the export price showed a abrupt decline. The growth pace was the most rapid in 2018 when the average export price increased by X% y-o-y. Over the period under review, average export prices reached the maximum at $X per square meter in 2012; however, from 2013 to 2020, export prices failed to regain the momentum.

There were significant differences in the average prices for the major overseas markets. In 2020, the country with the highest price was Maldives ($X per square meter), while the average price for exports to Hong Kong SAR ($X per square meter) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR, while the prices for the other major destinations experienced a decline.

Imports of Safety glass, toughened (tempered), of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vessels

Imports into Sri Lanka

In 2020, after four years of decline, there was significant growth in purchases abroad of safety glass, toughened (tempered), of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vesselses, when their volume increased by X% to X square meters. In general, imports, however, continue to indicate a perceptible reduction. Over the period under review, imports attained the maximum at X square meters in 2011; however, from 2012 to 2020, imports remained at a lower figure.

In value terms, imports of safety glass, toughened (tempered), of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vesselses soared to $X in 2020. Over the period under review, imports, however, showed a relatively flat trend pattern. Over the period under review, imports hit record highs at $X in 2011; however, from 2012 to 2020, imports remained at a lower figure.

Imports by Country

In 2020, China (X square meters) constituted the largest supplier of safety glass, toughened (tempered), of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vessels to Sri Lanka, accounting for a X% share of total imports. Moreover, imports of safety glass, toughened (tempered), of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vesselses from China exceeded the figures recorded by the second-largest supplier, Japan (X square meters), sixfold.

From 2007 to 2020, the average annual growth rate of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-X% per year) and India (+X% per year).

In value terms, the largest safety glass, toughened (tempered), of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vessels suppliers to Sri Lanka were China ($X), India ($X) and Japan ($X), together accounting for X% of total imports.

In terms of the main suppliers, India recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2020, the average import price for safety glass, toughened (tempered), of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vesselses amounted to $X per square meter, remaining relatively unchanged against the previous year. Over the period under review, import price indicated a measured increase from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, import price for safety glass, toughened (tempered), of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vesselses decreased by -X% against 2018 indices. The pace of growth appeared the most rapid in 2015 an increase of X% y-o-y. The import price peaked at $X per square meter in 2018; however, from 2019 to 2020, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was India ($X per square meter), while the price for China ($X per square meter) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Japan, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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