Sri Lanka: Metal Self-Tapping Screw Market 2024

Metal Self-Tapping Screw Market Size in Sri Lanka

The Sri Lankan metal self-tapping screw market fell markedly to $X in 2022, with a decrease of 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). In general, consumption recorded a mild reduction. Over the period under review, the market hit record highs at $X in 2021, and then contracted significantly in the following year.

Metal Self-Tapping Screw Exports

Exports from Sri Lanka

In 2022, overseas shipments of iron or steel self-tapping screws increased by X% to X tons, rising for the second year in a row after two years of decline. Overall, exports recorded a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, metal self-tapping screw exports surged to $X in 2022. Over the period under review, exports posted significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Seychelles (X tons) was the main destination for metal self-tapping screw exports from Sri Lanka, accounting for a X% share of total exports. It was followed by Maldives (X kg), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Seychelles stood at X%.

In value terms, Seychelles ($X) emerged as the key foreign market for iron or steel self-tapping screws exports from Sri Lanka, comprising X% of total exports. The second position in the ranking was taken by Maldives ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Seychelles totaled X%.

Export Prices by Country

In 2022, the average metal self-tapping screw export price amounted to $X per ton, dropping by X% against the previous year. Over the period under review, the export price recorded a perceptible shrinkage. The pace of growth was the most pronounced in 2021 an increase of X%. As a result, the export price attained the peak level of $X per ton, and then declined sharply in the following year.

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 Maldives ($X per ton), while the average price for exports to Seychelles stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Maldives (X%), while the prices for the other major destinations experienced mixed trend patterns.

Metal Self-Tapping Screw Imports

Imports into Sri Lanka

In 2022, the amount of iron or steel self-tapping screws imported into Sri Lanka fell remarkably to X tons, with a decrease of X% on the previous year. Over the period under review, imports showed a perceptible decline. The most prominent rate of growth was recorded in 2016 with an increase of X%. As a result, imports reached the peak of X tons. From 2017 to 2022, the growth of imports failed to regain momentum.

In value terms, metal self-tapping screw imports reduced remarkably to $X in 2022. In general, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2021, and then contracted notably in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of metal self-tapping screw to Sri Lanka, accounting for a X% share of total imports. Moreover, metal self-tapping screw imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), twofold. India (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: Taiwan (Chinese) (X% per year) and India (X% per year).

In value terms, China ($X), Taiwan (Chinese) ($X) and India ($X) were the largest metal self-tapping screw suppliers to Sri Lanka, together comprising X% of total imports.

India, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers 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 metal self-tapping screw import price amounted to $X per ton, surging by X% against the previous year. In general, import price indicated a measured expansion 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. Based on 2022 figures, metal self-tapping screw import price increased by X% against 2016 indices. The pace of growth was the most pronounced in 2018 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is likely to see gradual growth in the immediate term.

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 India ($X per ton), while the price for China ($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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