Sri Lanka: Market for Scouring Pastes And Powders 2025

Market Size for Scouring Pastes And Powders in Sri Lanka

The Sri Lankan scouring pastes and powders market skyrocketed to $X in 2021, rising by 27% 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 recorded pronounced growth. Over the period under review, the market reached the maximum level in 2021 and is likely to see gradual growth in years to come.

Exports of Scouring Pastes And Powders

Exports from Sri Lanka

After two years of decline, overseas shipments of scouring pastes and powders increased by 377% to X tons in 2021. Overall, exports posted a significant expansion. The most prominent rate of growth was recorded in 2015 when exports increased by 982%. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, scouring pastes and powders exports skyrocketed to $X in 2021. Over the period under review, exports recorded significant growth. The most prominent rate of growth was recorded in 2016 when exports increased by 990%. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

Sweden (X tons) was the main destination for scouring pastes and powders exports from Sri Lanka, with a 82% share of total exports. Moreover, scouring pastes and powders exports to Sweden exceeded the volume sent to the second major destination, Maldives (X kg), fivefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Sweden was relatively modest.

In value terms, Sweden ($X) emerged as the key foreign market for scouring pastes and powders exports from Sri Lanka, comprising 76% of total exports. The second position in the ranking was taken by Maldives ($X), with a 20% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Sweden was relatively modest.

Export Prices by Country

The average scouring pastes and powders export price stood at $X per ton in 2021, falling by -23.6% against the previous year. In general, the export price, however, showed buoyant growth. The growth pace was the most rapid in 2013 when the average export price increased by 365% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Maldives ($X per ton), while the average price for exports to Sweden totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Iceland (+79.6%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Scouring Pastes And Powders

Imports into Sri Lanka

In 2021, the amount of scouring pastes and powders imported into Sri Lanka skyrocketed to X tons, with an increase of 30% on 2020 figures. Over the period under review, imports posted modest growth. The growth pace was the most rapid in 2019 when imports increased by 609%. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, scouring pastes and powders imports surged to $X in 2021. In general, imports posted a temperate expansion. The most prominent rate of growth was recorded in 2019 when imports increased by 648%. Imports peaked in 2021 and are likely to continue growth in the immediate term.

Imports by Country

In 2021, India (X tons) constituted the largest supplier of scouring pastes and powders to Sri Lanka, accounting for a 49% share of total imports. Moreover, scouring pastes and powders imports from India exceeded the figures recorded by the second-largest supplier, Indonesia (X tons), threefold. The third position in this ranking was taken by China (X tons), with a 12% share.

From 2012 to 2021, the average annual growth rate of volume from India amounted to -2.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (+47.0% per year) and China (+33.8% per year).

In value terms, the largest scouring pastes and powders suppliers to Sri Lanka were India ($X), Japan ($X) and the United States ($X), together accounting for 48% of total imports. Italy, Indonesia, China and Germany lagged somewhat behind, together comprising a further 35%.

Italy, with a CAGR of +64.7%, recorded the highest growth rate of the value of imports, among 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 2021, the average scouring pastes and powders import price amounted to $X per ton, leveling off at the previous year. In general, import price indicated slight growth from 2012 to 2021: its price increased at an average annual rate of +1.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, scouring pastes and powders import price decreased by -16.1% against 2017 indices. The pace of growth appeared the most rapid in 2017 an increase of 47% against the previous year. As a result, import price reached the peak level of $X per ton. From 2018 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per ton), while the price for India ($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 United States (+7.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :