Sri Lanka: Safety Glass Market 2024

Safety Glass Market Size in Sri Lanka

The Sri Lankan safety glass market declined notably to $X in 2022, which is down by X% 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, the total consumption indicated modest growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X, and then dropped sharply in the following year.

Safety Glass Exports

Exports from Sri Lanka

In 2022, overseas shipments of safety glass increased by X% to X square meters, rising for the second year in a row after two years of decline. In general, exports saw resilient growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, safety glass exports skyrocketed to $X in 2022. Overall, exports recorded strong growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Maldives (X square meters) was the main destination for safety glass exports from Sri Lanka, with a X% share of total exports. It was followed by India (X square meters), with less than X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Maldives amounted to X%.

In value terms, Maldives ($X) remains the key foreign market for safety glass exports from Sri Lanka, comprising X% of total exports. The second position in the ranking was taken by India ($X), with less than X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Maldives totaled X%.

Export Prices by Country

The average safety glass export price stood at $X per square meter in 2022, reducing by X% against the previous year. Overall, export price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, safety glass export price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2018 an increase of X%. Over the period under review, the average export prices reached the maximum at $X per square meter in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Maldives ($X per square meter), while the average price for exports to India amounted to $X per square meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Maldives (X%).

Safety Glass Imports

Imports into Sri Lanka

In 2022, imports of safety glass into Sri Lanka fell rapidly to X square meters, waning by X% compared with the previous year. Over the period under review, total imports indicated a notable increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by X% against 2019 indices. The growth pace was the most rapid in 2017 when imports increased by X%. Imports peaked at X square meters in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, safety glass imports contracted sharply to $X in 2022. Overall, total imports indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of $X, and then contracted remarkably in the following year.

Imports by Country

China (X square meters), India (X square meters) and Japan (X square meters) were the main suppliers of safety glass imports to Sri Lanka, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of X%), while imports for the other leaders experienced mixed trend patterns.

In value terms, China ($X), India ($X) and Japan ($X) were the largest safety glass suppliers to Sri Lanka, with a combined X% share of total imports.

In terms of the main suppliers, India, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average safety glass import price amounted to $X per square meter, falling by X% against the previous year. In general, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the average import price increased by X%. Over the period under review, average import prices attained the peak figure at $X per square meter in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

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 Japan ($X per square meter), while the price for China ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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