Report Update: Apr 1, 2024

Sri Lanka - Statuettes And Other Ornamental Articles Of Plastic - Market Analysis, Forecast, Size, Trends And Insights

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Plastic Ornamental Articles Price in Sri Lanka - 2021

Plastic Ornamental Articles Price in Sri Lanka (FOB) - 2022

The average plastic ornamental articles export price stood at $7,888 per ton in 2022, with a decrease of -18.3% against the previous year. Over the last decade, it increased at an average annual rate of +1.5%. The growth pace was the most rapid in 2021 an increase of 36%. As a result, the export price attained the peak level of $9,657 per ton, and then declined dramatically in the following year.

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 the United States ($11,872 per ton), while the average price for exports to Australia ($757 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 the UK (+18.4%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Ornamental Articles Price in Sri Lanka (CIF) - 2022

In 2022, the average plastic ornamental articles import price amounted to $11,629 per ton, growing by 78% against the previous year. In general, the import price recorded buoyant 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 the Netherlands ($22,192 per ton), while the price for India ($1,790 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+14.3%), while the prices for the other major suppliers experienced a decline.

Plastic Ornamental Articles Exports in Sri Lanka

In 2022, overseas shipments of statuettes and other ornamental articles of plastic decreased by -28.9% to 112 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, posted a significant increase. The growth pace was the most rapid in 2021 when exports increased by 228% against the previous year. As a result, the exports attained the peak of 157 tons, and then shrank notably in the following year.

In value terms, plastic ornamental articles exports shrank remarkably to $881K in 2022. In general, exports, however, recorded a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 347% against the previous year. As a result, the exports reached the peak of $1.5M, and then dropped significantly in the following year.

Export of Plastic Ornamental Articles in Sri Lanka (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	35.2	201	1,288	726	174.2%
United Kingdom	80.1	68.6	81.0	97.1	6.6%
Hong Kong SAR	N/A	0.1	0.2	16.0	1164.9%
Australia	0.1	0.8	2.0	15.5	437.2%
Japan	0.3	0.3	0.5	2.0	88.2%
Saudi Arabia	N/A	N/A	8.4	N/A	0%
Others	63.7	69.6	138	25.0	-26.8%
Total	179	340	1,518	881	70.1%

Top Export Markets for Plastic Ornamental Articles from Sri Lanka in 2022:

United States (61.1 tons)
Australia (20.4 tons)
United Kingdom (18.8 tons)
Hong Kong SAR (5.3 tons)
Japan (2.1 tons)

Plastic Ornamental Articles Imports in Sri Lanka

For the third year in a row, Sri Lanka recorded decline in overseas purchases of statuettes and other ornamental articles of plastic, which decreased by -97.1% to 14 tons in 2022. Overall, imports continue to indicate a precipitous contraction. The smallest decline of -8.4% was in 2021.

In value terms, plastic ornamental articles imports contracted rapidly to $166K in 2022. Over the period under review, imports showed a significant decline. The pace of growth appeared the most rapid in 2021 when imports increased by 18% against the previous year.

Import of Plastic Ornamental Articles in Sri Lanka (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	3,347	1,429	2,669	143	-65.0%
Netherlands	52.0	2.0	43.3	13.3	-36.5%
Malaysia	30.9	39.1	34.6	3.1	-53.5%
Hong Kong SAR	313	544	129	2.0	-81.4%
India	142	47.8	28.8	0.5	-84.8%
Thailand	182	348	18.4	N/A	-68.2%
Japan	14.5	21.2	23.0	N/A	25.9%
Others	225	245	221	4.6	-72.7%
Total	4,307	2,676	3,167	166	-66.2%

Top Suppliers of Plastic Ornamental Articles to Sri Lanka in 2022:

Thailand (undefined tons)
China (12.4 tons)
Netherlands (0.6 tons)
Malaysia (0.6 tons)
India (0.3 tons)
Hong Kong SAR (0.2 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the plastic ornamental articles market in Sri Lanka. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 22292620 - Statuettes and other ornamental articles of plastic (including photograph, picture and similar frames)

Country coverage:

Sri Lanka

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Sri Lanka
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023