Sri Lanka: Market for Brooms, Brushes, And Mops 2024

Market Size for Brooms, Brushes, And Mops in Sri Lanka

The Sri Lankan broom, brush, and mop market contracted rapidly to $X in 2022, which is down by X% against the previous year. Overall, the total consumption indicated a modest expansion 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. Based on 2022 figures, consumption decreased by X% against 2020 indices. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Brooms, Brushes, And Mops in Sri Lanka

In value terms, broom, brush, and mop production rose modestly to $X in 2022 estimated in export price. In general, the total production indicated a resilient 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. Based on 2022 figures, production decreased by X% against 2018 indices. The growth pace was the most rapid in 2018 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Exports of Brooms, Brushes, And Mops

Exports from Sri Lanka

In 2022, shipments abroad of brooms, brushes, and mops increased by X% to X units, rising for the second consecutive year after two years of decline. Overall, exports enjoyed a resilient expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, broom, brush, and mop exports skyrocketed to $X in 2022. Over the period under review, exports continue to indicate buoyant growth. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Japan (X units) was the main destination for broom, brush, and mop exports from Sri Lanka, accounting for a X% share of total exports. Moreover, broom, brush, and mop exports to Japan exceeded the volume sent to the second major destination, the United States (X units), threefold. The third position in this ranking was held by the UK (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Japan stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and the UK (X% per year).

In value terms, the United States ($X), the UK ($X) and Japan ($X) constituted the largest markets for broom, brush, and mop exported from Sri Lanka worldwide, together accounting for X% of total exports. France, the Netherlands, Belgium, the United Arab Emirates, Australia, Germany, Saudi Arabia, Malaysia, Canada and Taiwan (Chinese) lagged somewhat behind, together accounting for a further X%.

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

Export Prices by Country

In 2022, the average broom, brush, and mop export price amounted to $X per unit, declining by X% against the previous year. In general, the export price showed a perceptible downturn. The most prominent rate of growth was recorded in 2018 an increase of X%. As a result, the export price reached the peak level of $X per unit. 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 export markets. In 2022, amid the top suppliers, the country with the highest price was Australia ($X per unit), while the average price for exports to Malaysia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Australia (X%), while the prices for the other major destinations experienced a decline.

Imports of Brooms, Brushes, And Mops

Imports into Sri Lanka

In 2022, approx. X units of brooms, brushes, and mops were imported into Sri Lanka; falling by X% compared with the previous year. Over the period under review, imports saw a abrupt contraction. The pace of growth was the most pronounced in 2017 with an increase of X%. As a result, imports reached the peak of X units. From 2018 to 2022, the growth of imports failed to regain momentum.

In value terms, broom, brush, and mop imports dropped sharply to $X in 2022. Overall, imports recorded a perceptible shrinkage. The pace of growth was the most pronounced in 2013 with an increase of X%. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of broom, brush, and mop to Sri Lanka, with a X% share of total imports. Moreover, broom, brush, and mop imports from China exceeded the figures recorded by the second-largest supplier, India (X units), sevenfold. Vietnam (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and Vietnam (X% per year).

In value terms, China ($X) constituted the largest supplier of brooms, brushes, and mops to Sri Lanka, comprising X% of total imports. The second position in the ranking was taken by India ($X), with a X% share of total imports. It was followed by Malaysia, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and Malaysia (X% per year).

Import Prices by Country

The average broom, brush, and mop import price stood at $X per unit in 2022, growing by X% against the previous year. Over the period under review, import price indicated strong 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, broom, brush, and mop import price decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per unit in 2020; afterwards, it flattened through to 2022.

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

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

Source: IndexBox Platform