Sri Lanka: Vulcanised Rubber Mats Market 2024

Vulcanised Rubber Mats Market Size in Sri Lanka

The Sri Lankan vulcanised rubber mats market dropped to $X in 2022, waning by X% against the previous year. Overall, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Vulcanised Rubber Mats Production in Sri Lanka

In value terms, vulcanised rubber mats production dropped to $X in 2022 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the production volume increased by X%. Vulcanised rubber mats production peaked at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Vulcanised Rubber Mats Exports

Exports from Sri Lanka

In 2022, vulcanised rubber mats exports from Sri Lanka was estimated at X tons, surging by X% on the previous year. Over the period under review, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2019 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2020 to 2022, the growth of the exports remained at a lower figure.

In value terms, vulcanised rubber mats exports shrank to $X in 2022. In general, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for vulcanised rubber mats exports from Sri Lanka, accounting for a X% share of total exports. Moreover, vulcanised rubber mats exports to the United States exceeded the volume sent to the second major destination, France (X tons), threefold. The third position in this ranking was held by Germany (X tons), with a X% share.

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

In value terms, the United States ($X) emerged as the key foreign market for floor coverings and mats of vulcanised rubber exports from Sri Lanka, comprising X% of total exports. The second position in the ranking was held by France ($X), with a X% share of total exports. It was followed by Australia, with a X% share.

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

Export Prices by Country

In 2022, the average vulcanised rubber mats export price amounted to $X per ton, which is down by X% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

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 Norway ($X per ton), while the average price for exports to France ($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 Norway (X%), while the prices for the other major destinations experienced more modest paces of growth.

Vulcanised Rubber Mats Imports

Imports into Sri Lanka

In 2022, supplies from abroad of floor coverings and mats of vulcanised rubber increased by X% to X tons, rising for the second year in a row after two years of decline. Over the period under review, imports, however, faced a deep setback. The pace of growth was the most pronounced in 2021 when imports increased by X%. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, vulcanised rubber mats imports skyrocketed to $X in 2022. In general, imports, however, recorded a abrupt slump. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest vulcanised rubber mats supplier to Sri Lanka, accounting for a X% share of total imports. Moreover, vulcanised rubber mats imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), fivefold. The third position in this ranking was held by the UK (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms 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 the UK (X% per year).

In value terms, China ($X) constituted the largest supplier of floor coverings and mats of vulcanised rubber to Sri Lanka, comprising X% of total imports. The second position in the ranking was held by the UK ($X), with a X% share of total imports. It was followed by India, 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: the UK (X% per year) and India (X% per year).

Import Prices by Country

The average vulcanised rubber mats import price stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period under review, the import price continues to indicate strong growth. The pace of growth appeared the most rapid in 2015 an increase of X%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Indonesia ($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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