Sri Lanka: Market for Metal Windows And Doors 2024

Market Size for Metal Windows And Doors in Sri Lanka

In 2022, after three years of decline, there was significant growth in the Sri Lankan metal window and door market, when its value increased by X% to $X. Over the period under review, consumption continues to indicate a buoyant expansion. Metal window and door consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Exports of Metal Windows And Doors

Exports from Sri Lanka

In 2022, exports of metal windows and doors from Sri Lanka shrank markedly to X tons, with a decrease of X% on the year before. In general, exports, however, saw significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons, and then shrank significantly in the following year.

In value terms, metal window and door exports fell remarkably to $X in 2022. Over the period under review, exports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by X%. As a result, the exports reached the peak of $X, and then shrank markedly in the following year.

Exports by Country

Maldives (X tons) was the main destination for metal window and door exports from Sri Lanka, with a X% share of total exports. Moreover, metal window and door exports to Maldives exceeded the volume sent to the second major destination, the United States (X tons), sixfold. India (X tons) ranked third in terms of total exports with a X% share.

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

In value terms, Maldives ($X) remains the key foreign market for metal windows and doors exports from Sri Lanka, comprising X% of total exports. The second position in the ranking was held by the United States ($X), with an X% share of total exports. It was followed by India, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Maldives totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and India (X% per year).

Export Prices by Country

In 2022, the average metal window and door export price amounted to $X per ton, remaining relatively unchanged against the previous year. In general, the export price, however, saw a mild decrease. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. The export price peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to Seychelles ($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 the United States (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Metal Windows And Doors

Imports into Sri Lanka

In 2022, purchases abroad of metal windows and doors was finally on the rise to reach X tons after three years of decline. Overall, imports showed a remarkable increase. The pace of growth appeared the most rapid in 2017 with an increase of X%. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, metal window and door imports reached $X in 2022. Over the period under review, imports showed a strong increase. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of metal window and door to Sri Lanka, accounting for a X% share of total imports. Moreover, metal window and door imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), twofold. South Korea (X tons) 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 South Korea (X% per year).

In value terms, China ($X) constituted the largest supplier of metal windows and doors to Sri Lanka, comprising X% of total imports. The second position in the ranking was held by India ($X), with a X% share of total imports. It was followed by South Korea, with a X% share.

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

Import Prices by Country

The average metal window and door import price stood at $X per ton in 2022, falling by X% against the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of X%. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

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 the UK ($X per ton), while the price for Oman ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :