Sri Lanka: Market for Base Metal Automatic Door Closers 2024

Market Size for Base Metal Automatic Door Closers in Sri Lanka

The Sri Lankan metal automatic door closer market skyrocketed to $X in 2023, with an increase of 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). In general, consumption saw a slight increase. As a result, consumption reached the peak level of $X. From 2016 to 2023, the growth of the market failed to regain momentum.

Exports of Base Metal Automatic Door Closers

Exports from Sri Lanka

Metal automatic door closer exports from Sri Lanka skyrocketed to X tons in 2023, increasing by X% against the year before. Over the period under review, exports continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2016; however, from 2017 to 2023, the exports failed to regain momentum.

In value terms, metal automatic door closer exports surged to $X in 2023. In general, exports enjoyed a strong increase. The growth pace was the most rapid in 2014 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2016; however, from 2017 to 2023, the exports failed to regain momentum.

Exports by Country

Maldives (X tons), Oman (X tons) and India (X kg) were the main destinations of metal automatic door closer exports from Sri Lanka, with a combined X% share of total exports. Singapore and Bangladesh lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the biggest increases were recorded for Singapore (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X), Maldives ($X) and Oman ($X) appeared to be the largest markets for metal automatic door closer exported from Sri Lanka worldwide, together accounting for X% of total exports.

Singapore, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the average metal automatic door closer export price amounted to $X per ton, reducing by X% against the previous year. Overall, export price indicated a measured increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when the average export price increased by X%. The export price peaked at $X per ton in 2014; however, from 2015 to 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2023, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while the average price for exports to Oman ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (X%), while the prices for the other major destinations experienced a decline.

Imports of Base Metal Automatic Door Closers

Imports into Sri Lanka

In 2023, approx. X tons of base metal automatic door closers were imported into Sri Lanka; increasing by X% compared with 2022. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2016 to 2023, the growth of imports remained at a lower figure.

In value terms, metal automatic door closer imports skyrocketed to $X in 2023. Overall, imports recorded notable growth. The most prominent rate of growth was recorded in 2015 when imports increased by X%. As a result, imports reached the peak of $X. From 2016 to 2023, the growth of imports failed to regain momentum.

Imports by Country

In 2023, China (X tons) constituted the largest supplier of metal automatic door closer to Sri Lanka, accounting for a X% share of total imports. Moreover, metal automatic door closer imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), more than tenfold. Thailand (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2023, the average annual growth rate of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and Thailand (X% per year).

In value terms, China ($X) constituted the largest supplier of base metal automatic door closers to Sri Lanka, comprising X% of total imports. The second position in the ranking was held by India ($X), with a X% share of total imports. It was followed by Singapore, with an X% share.

From 2012 to 2023, the average annual rate of growth in terms of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and Singapore (X% per year).

Import Prices by Country

The average metal automatic door closer import price stood at $X per ton in 2023, with a decrease of X% against the previous year. Over the period under review, import price indicated temperate growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, metal automatic door closer import price increased by X% against 2018 indices. The pace of growth appeared the most rapid in 2016 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2017 to 2023, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform