Sri Lanka: Wooden Door Market 2024

Wooden Door Market Size in Sri Lanka

The Sri Lankan wooden door market contracted to $X in 2021, waning by -8.3% 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). Overall, consumption, however, saw a significant increase. Over the period under review, the market reached the peak level at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Wooden Door Exports

Exports from Sri Lanka

In 2021, shipments abroad of doors and their frames and thresholds of wood decreased by -43.6% to X units, falling for the second year in a row after two years of growth. Over the period under review, exports, however, continue to indicate a strong expansion. The pace of growth was the most pronounced in 2014 when exports increased by 919%. As a result, the exports attained the peak of X units. From 2015 to 2021, the growth of the exports remained at a lower figure.

In value terms, wooden door exports shrank markedly to $X in 2021. Overall, exports, however, continue to indicate a buoyant expansion. The pace of growth was the most pronounced in 2014 with an increase of 625%. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Maldives (X units), China (X units) and the Netherlands (X units) were the main destinations of wooden door exports from Sri Lanka, together accounting for 87% of total exports. The UK, Pakistan, Oman and Malaysia lagged somewhat behind, together comprising a further 8.8%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Malaysia (with a CAGR of +23.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for wooden door exported from Sri Lanka were Maldives ($X), China ($X) and Malaysia ($X), with a combined 87% share of total exports.

Malaysia, with a CAGR of +38.4%, saw 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

The average wooden door export price stood at $X per unit in 2021, approximately reflecting the previous year. Over the last nine-year period, it increased at an average annual rate of +2.3%. The growth pace was the most rapid in 2015 when the average export price increased by 33% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Malaysia ($X per unit), while the average price for exports to Oman ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+12.3%), while the prices for the other major destinations experienced more modest paces of growth.

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Wooden Door Imports

Imports into Sri Lanka

Wooden door imports into Sri Lanka contracted dramatically to X units in 2021, with a decrease of -18% against 2020. In general, imports, however, showed significant growth. The pace of growth appeared the most rapid in 2013 when imports increased by 655%. Imports peaked at X units in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, wooden door imports declined to $X in 2021. Overall, imports, however, recorded significant growth. The pace of growth was the most pronounced in 2013 when imports increased by 883%. Over the period under review, imports attained the maximum at $X in 2017; however, from 2018 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of wooden door to Sri Lanka, with a 64% share of total imports. Moreover, wooden door imports from China exceeded the figures recorded by the second-largest supplier, Malaysia (X units), threefold. The United Arab Emirates (X units) ranked third in terms of total imports with a 3.6% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +37.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+29.5% per year) and the United Arab Emirates (+71.0% per year).

In value terms, China ($X) constituted the largest supplier of doors and their frames and thresholds of wood to Sri Lanka, comprising 76% of total imports. The second position in the ranking was taken by Malaysia ($X), with a 6% share of total imports. It was followed by the United Arab Emirates, with a 5.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +44.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+27.4% per year) and the United Arab Emirates (+86.8% per year).

Import Prices by Country

The average wooden door import price stood at $X per unit in 2021, with an increase of 15% against the previous year. In general, import price indicated a noticeable increase from 2012 to 2021: its price increased at an average annual rate of +4.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, wooden door import price decreased by -19.2% against 2019 indices. The most prominent rate of growth was recorded in 2018 an increase of 36%. Over the period under review, average import prices hit record highs at $X per unit in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was the United Arab Emirates ($X per unit), while the price for Malaysia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+9.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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