Sri Lanka: Market for Granules, Chippings And Powder Of Monumental Stone 2022

Market Size for Granules, Chippings And Powder Of Monumental Stone in Sri Lanka

The Sri Lankan market for granules, chippings and powder of monumental stone rose to $X in 2021, surging by X% 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). Over the period under review, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2016; however, from 2017 to 2021, consumption stood at a somewhat lower figure.

Exports of Granules, Chippings And Powder Of Monumental Stone

Exports from Sri Lanka

In 2021, the amount of granules, chippings and powder of monumental stone exported from Sri Lanka reduced to X kg, dropping by -X% against the previous year. Overall, exports continue to indicate a deep slump. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2021, the growth of the exports remained at a lower figure.

In value terms, monumental stone granules and powder exports expanded slightly to $X in 2021. In general, exports recorded a abrupt decrease. The most prominent rate of growth was recorded in 2014 when exports increased by X%. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Maldives (X kg) was the main destination for monumental stone granules and powder exports from Sri Lanka, accounting for a approx. X% share of total exports.

From 2012 to 2020, the average annual growth rate of volume to Maldives amounted to +X%.

In value terms, Maldives ($X) also remains the key foreign market for monumental stone granules and powder exports from Sri Lanka.

From 2012 to 2020, the average annual growth rate of value to Maldives was relatively modest.

Export Prices by Country

In 2020, the average export price for granules, chippings and powder of monumental stone amounted to $X per ton, which is down by -X% against the previous year. Over the period under review, the export price, however, saw a slight increase. The pace of growth was the most pronounced in 2013 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2020, the the average export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Maldives.

From 2012 to 2020, the rate of growth in terms of prices for Maldives amounted to -X% per year.

Imports of Granules, Chippings And Powder Of Monumental Stone

Imports into Sri Lanka

In 2021, imports of granules, chippings and powder of monumental stone into Sri Lanka stood at X tons, growing by X% compared with the previous year. Overall, imports showed a temperate increase. The pace of growth appeared the most rapid in 2016 with an increase of X%. As a result, imports attained the peak of X tons. From 2017 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, monumental stone granules and powder imports amounted to $X in 2021. In general, imports, however, showed a slight decline. The most prominent rate of growth was recorded in 2019 with an increase of X%. Imports peaked at $X in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Malaysia (X tons), India (X tons) and Italy (X tons) were the main suppliers of monumental stone granules and powder imports to Sri Lanka, with a combined X% share of total imports.

From 2012 to 2020, the biggest increases were in India (with a CAGR of +X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X), Italy ($X) and India ($X) were the largest monumental stone granules and powder suppliers to Sri Lanka, together accounting for X% of total imports.

Among the main suppliers, India, 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 2020, the average import price for granules, chippings and powder of monumental stone amounted to $X per ton, waning by -X% against the previous year. In general, the import price recorded a abrupt decline. The most prominent rate of growth was recorded in 2017 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2020, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2020, the countries with the highest prices were Malaysia ($X per ton) and Jordan ($X per ton), while the price for India ($X per ton) and Pakistan ($X per ton) were amongst the lowest.

From 2012 to 2020, 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 Market Intelligence Platform

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