Sri Lanka: Cellulose Fibrecement Sheet Market 2024

Cellulose Fibrecement Sheet Market Size in Sri Lanka

The Sri Lankan cellulose fibrecement sheet market dropped to $X in 2022, shrinking by -13.6% against the previous year. In general, consumption saw a abrupt downturn. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Cellulose Fibrecement Sheet Production in Sri Lanka

In value terms, cellulose fibrecement sheet production amounted to $X in 2022 estimated in export price. Overall, production, however, showed a abrupt decrease. The most prominent rate of growth was recorded in 2018 with an increase of 46% against the previous year. Over the period under review, production reached the peak level at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Cellulose Fibrecement Sheet Exports

Exports from Sri Lanka

For the fourth consecutive year, Sri Lanka recorded growth in overseas shipments of sheets, panels and tiles of cellulose fibrecement, which increased by 53% to X tons in 2022. Over the period under review, exports saw significant growth. The growth pace was the most rapid in 2021 when exports increased by 2,251% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to see steady growth in the immediate term.

In value terms, cellulose fibrecement sheet exports surged to $X in 2022. In general, exports enjoyed a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 2,126% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

Pakistan (X tons) was the main destination for cellulose fibrecement sheet exports from Sri Lanka, with a 71% share of total exports. Moreover, cellulose fibrecement sheet exports to Pakistan exceeded the volume sent to the second major destination, the UK (X tons), fourfold. The United Arab Emirates (X tons) ranked third in terms of total exports with a 3.7% share.

From 2012 to 2022, the average annual growth rate of volume to Pakistan stood at +685.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (-48.7% per year) and the United Arab Emirates (+49.9% per year).

In value terms, Pakistan ($X) emerged as the key foreign market for sheets, panels and tiles of cellulose fibrecement exports from Sri Lanka, comprising 66% of total exports. The second position in the ranking was held by the UK ($X), with a 21% share of total exports. It was followed by the United Arab Emirates, with a 4.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Pakistan amounted to +695.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (-51.3% per year) and the United Arab Emirates (+43.2% per year).

Export Prices by Country

In 2022, the average cellulose fibrecement sheet export price amounted to $X per ton, shrinking by -9.1% against the previous year. Over the period under review, the export price showed a deep contraction. The pace of growth was the most pronounced in 2018 when the average export price increased by 53%. As a result, the export price attained the peak level of $X per ton. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Mauritius ($X per ton), while the average price for exports to Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Africa (+107.9%), while the prices for the other major destinations experienced more modest paces of growth.

Cellulose Fibrecement Sheet Imports

Imports into Sri Lanka

In 2022, overseas purchases of sheets, panels and tiles of cellulose fibrecement decreased by -71.8% to X tons, falling for the seventh consecutive year after two years of growth. Overall, imports saw a precipitous curtailment. The growth pace was the most rapid in 2014 when imports increased by 19% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, cellulose fibrecement sheet imports shrank remarkably to $X in 2022. In general, imports recorded a dramatic shrinkage. The most prominent rate of growth was recorded in 2015 with an increase of 8.3%. Imports peaked at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

Thailand (X tons), Greece (X tons) and Malaysia (X tons) were the main suppliers of cellulose fibrecement sheet imports to Sri Lanka, with a combined 74% share of total imports. Indonesia, Iran, India and Singapore lagged somewhat behind, together comprising a further 22%.

From 2012 to 2022, the biggest increases were recorded for Iran (with a CAGR of 0.0%), while purchases for the other leaders experienced a decline.

In value terms, the largest cellulose fibrecement sheet suppliers to Sri Lanka were Thailand ($X), Greece ($X) and Iran ($X), together comprising 63% of total imports.

Iran, with a CAGR of 0.0%, 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 a decline.

Import Prices by Country

The average cellulose fibrecement sheet import price stood at $X per ton in 2022, surging by 64% against the previous year. Overall, the import price enjoyed strong growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Iran ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+22.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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