Sri Lanka: Copper Screw Market 2024

Copper Screw Market Size in Sri Lanka

After two years of growth, the Sri Lankan copper screw market decreased by X% to $X in 2022. Overall, consumption, however, posted a strong expansion. Copper screw consumption peaked at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Copper Screw Exports

Exports from Sri Lanka

In 2022, the amount of copper screws, bolts and nuts exported from Sri Lanka skyrocketed to X tons, jumping by X% compared with 2021 figures. Overall, exports, however, showed a deep setback. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, copper screw exports surged to $X in 2022. Over the period under review, exports continue to indicate a perceptible increase. The pace of growth was the most pronounced in 2021 when exports increased by X%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Taiwan (Chinese) (X tons) was the main destination for copper screw exports from Sri Lanka, with a X% share of total exports. Moreover, copper screw exports to Taiwan (Chinese) exceeded the volume sent to the second major destination, Maldives (X kg), sixfold. India (X kg) ranked third in terms of total exports with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Taiwan (Chinese) was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Maldives (X% per year) and India (X% per year).

In value terms, Taiwan (Chinese) ($X) emerged as the key foreign market for copper screws, bolts and nuts exports from Sri Lanka, comprising X% of total exports. The second position in the ranking was taken by India ($X), with a X% share of total exports. It was followed by Maldives, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Taiwan (Chinese) was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: India (X% per year) and Maldives (X% per year).

Export Prices by Country

In 2022, the average copper screw export price amounted to $X per ton, jumping by X% against the previous year. In general, the export price saw a prominent increase. The growth pace was the most rapid in 2016 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2017 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to the Netherlands ($X 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 Seychelles (X%).

Copper Screw Imports

Imports into Sri Lanka

In 2022, supplies from abroad of copper screws, bolts and nuts decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, imports, however, saw a noticeable expansion. The most prominent rate of growth was recorded in 2016 with an increase of X%. As a result, imports attained the peak of X tons. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, copper screw imports declined modestly to $X in 2022. Over the period under review, imports, however, recorded a strong expansion. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then dropped slightly in the following year.

Imports by Country

India (X tons), China (X tons) and Austria (X tons) were the main suppliers of copper screw imports to Sri Lanka, with a combined X% share of total imports. The Netherlands, Australia, Taiwan (Chinese) and Singapore lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest copper screw suppliers to Sri Lanka were India ($X), China ($X) and Austria ($X), together comprising X% of total imports. Taiwan (Chinese), the Netherlands, Australia and Singapore lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, the Netherlands, 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 more modest paces of growth.

Import Prices by Country

In 2022, the average copper screw import price amounted to $X per ton, picking up by X% against the previous year. Overall, import price indicated prominent 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. The growth pace was the most rapid in 2017 an increase of X%. The import price peaked in 2022 and is likely to see steady growth in the near future.

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 Taiwan (Chinese) ($X per ton), while the price for Australia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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