Sri Lanka: Market for Soap And Organic Surface-Active Products In Bars Other Than For Toilet Use 2024

Market Size for Soap And Organic Surface-Active Products In Bars Other Than For Toilet Use in Sri Lanka

The Sri Lankan market for soap and organic surface-active products in bars other than for toilet use shrank slightly to $X in 2022, falling by -4.1% against the previous year. In general, consumption recorded a prominent expansion. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Production of Soap And Organic Surface-Active Products In Bars Other Than For Toilet Use in Sri Lanka

In value terms, production of soap and organic surface-active products in bars other than for toilet use reduced modestly to $X in 2022 estimated in export price. Over the period under review, production saw a resilient expansion. The pace of growth was the most pronounced in 2018 with an increase of 64%. Over the period under review, production of hit record highs at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Exports of Soap And Organic Surface-Active Products In Bars Other Than For Toilet Use

Exports from Sri Lanka

Exports of soap and organic surface-active products in bars other than for toilet use from Sri Lanka skyrocketed to X tons in 2022, growing by 23% compared with the previous year's figure. Over the period under review, exports, however, saw a sharp decline. The pace of growth was the most pronounced in 2018 with an increase of 245% against the previous year. Over the period under review, the exports of attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, exports of soap and organic surface-active products in bars other than for toilet use skyrocketed to $X in 2022. In general, exports, however, showed a drastic downturn. The pace of growth appeared the most rapid in 2020 when exports increased by 217% against the previous year. Over the period under review, the exports of reached the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Australia (X tons), France (X tons) and the UK (X tons) were the main destinations of exports of soap and organic surface-active products in bars other than for toilet use from Sri Lanka, with a combined 71% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Australia (with a CAGR of +60.9%), while the other leaders experienced more modest paces of growth.

In value terms, Australia ($X) emerged as the key foreign market for soap and organic surface-active products in bars other than for toilet use exports from Sri Lanka, comprising 39% of total exports. The second position in the ranking was held by France ($X), with an 18% share of total exports. It was followed by the UK, with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Australia stood at +64.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+58.7% per year) and the UK (+6.6% per year).

Export Prices by Country

In 2022, the average export price for soap and organic surface-active products in bars other than for toilet use amounted to $X per ton, with an increase of 31% against the previous year. Over the period under review, the export price enjoyed a resilient increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Czech Republic ($X per ton), while the average price for exports to Canada ($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 Pakistan (+34.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Soap And Organic Surface-Active Products In Bars Other Than For Toilet Use

Imports into Sri Lanka

In 2022, approx. X tons of soap and organic surface-active products in bars other than for toilet use were imported into Sri Lanka; falling by -97.5% compared with 2021 figures. Overall, imports recorded a significant decline. The pace of growth was the most pronounced in 2015 with an increase of 299%. As a result, imports attained the peak of X tons. From 2016 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of soap and organic surface-active products in bars other than for toilet use contracted markedly to $X in 2022. Over the period under review, imports showed a sharp slump. The most prominent rate of growth was recorded in 2014 with an increase of 262% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Turkey (X kg), the United Arab Emirates (X kg) and the UK (X kg) were the main suppliers of imports of soap and organic surface-active products in bars other than for toilet use to Sri Lanka, together comprising 88% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United Arab Emirates (with a CAGR of +119.4%), while imports for the other leaders experienced a decline.

In value terms, the United Arab Emirates ($X), the UK ($X) and Turkey ($X) constituted the largest soap in bars other than for toilet use suppliers to Sri Lanka, together comprising 90% of total imports.

In terms of the main suppliers, the United Arab Emirates, with a CAGR of +76.4%, 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 a decline.

Import Prices by Country

In 2022, the average import price for soap and organic surface-active products in bars other than for toilet use amounted to $X per ton, with an increase of 42% against the previous year. Over the period under review, import price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for soap and organic surface-active products in bars other than for toilet use decreased by -21.1% against 2019 indices. Over the period under review, average import prices reached the peak figure at $X per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+17.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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