Sri Lanka: Market for Building Blocks And Bricks Of Cement, Concrete Or Artificial Stone 2024

Market Size for Building Blocks And Bricks Of Cement, Concrete Or Artificial Stone in Sri Lanka

The Sri Lankan market for building blocks and bricks of cement, concrete or artificial stone was estimated at $X in 2022, approximately mirroring the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Consumption of peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Building Blocks And Bricks Of Cement, Concrete Or Artificial Stone in Sri Lanka

In value terms, production of building blocks and bricks of cement, concrete or artificial stone declined modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, production of attained the peak level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

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Exports of Building Blocks And Bricks Of Cement, Concrete Or Artificial Stone

Exports from Sri Lanka

In 2022, overseas shipments of building blocks and bricks of cement, concrete or artificial stone decreased by X% to X tons, falling for the second consecutive year after two years of growth. Overall, exports, however, recorded a remarkable increase. The pace of growth appeared the most rapid in 2013 when exports increased by X%. Over the period under review, the exports of attained the peak figure at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of building blocks and bricks of cement, concrete or artificial stone surged to $X in 2022. Over the period under review, exports, however, saw a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of X%. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

Maldives (X tons) was the main destination for exports of building blocks and bricks of cement, concrete or artificial stone from Sri Lanka, with a X% share of total exports. Moreover, exports of building blocks and bricks of cement, concrete or artificial stone to Maldives exceeded the volume sent to the second major destination, Australia (X tons), fourfold.

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

In value terms, Australia ($X) emerged as the key foreign market for building blocks and bricks of cement, concrete or artificial stone exports from Sri Lanka, comprising X% of total exports. The second position in the ranking was held by Maldives ($X), with an X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Australia amounted to X%.

Export Prices by Country

The average export price for building blocks and bricks of cement, concrete or artificial stone stood at $X per ton in 2022, increasing by X% against the previous year. In general, the export price enjoyed a strong expansion. 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 Australia ($X per ton), while the average price for exports to Maldives totaled $X per ton.

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

Imports of Building Blocks And Bricks Of Cement, Concrete Or Artificial Stone

Imports into Sri Lanka

In 2022, imports of building blocks and bricks of cement, concrete or artificial stone into Sri Lanka shrank remarkably to X tons, reducing by X% on 2021. Over the period under review, imports, however, recorded a moderate increase. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons, and then shrank sharply in the following year.

In value terms, imports of building blocks and bricks of cement, concrete or artificial stone declined significantly to $X in 2022. Overall, imports saw a slight slump. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of $X, and then reduced rapidly in the following year.

Imports by Country

In 2022, India (X tons) was the main building blocks and bricks of cement, concrete or artificial stone supplier to Sri Lanka, with a approx. X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from India stood at X%.

In value terms, India ($X) constituted the largest supplier of building blocks and bricks of cement, concrete or artificial stone to Sri Lanka.

From 2012 to 2022, the average annual rate of growth in terms of value from India was relatively modest.

Import Prices by Country

In 2022, the average import price for building blocks and bricks of cement, concrete or artificial stone amounted to $X per ton, falling by X% against the previous year. Overall, the import price saw a abrupt decline. The growth pace was the most rapid in 2016 an increase of X%. The import price peaked at $X per ton in 2021, and then dropped notably in the following year.

As there is only one major supplying country, the average price level is determined by prices for India.

From 2012 to 2022, the rate of growth in terms of prices for Italy amounted to X% per year.

Source: IndexBox Platform

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