Sri Lanka: Market for Non-PVC Floor, Wall and Ceiling Coverings 2024

Market Size for Non-PVC Floor, Wall and Ceiling Coverings in Sri Lanka

In 2022, after seven years of decline, there was significant growth in the Sri Lankan market for non-PVC floor, wall and ceiling coverings, when its value increased by X% to $X. In general, consumption, however, faced a deep setback. Consumption of peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Exports of Non-PVC Floor, Wall and Ceiling Coverings

Exports from Sri Lanka

Exports of non-PVC floor, wall and ceiling coverings from Sri Lanka declined notably to X square meters in 2022, shrinking by X% on the previous year. Over the period under review, exports recorded a dramatic descent. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, the exports attained the peak of X square meters, and then declined remarkably in the following year.

In value terms, exports of non-PVC floor, wall and ceiling coverings dropped remarkably to $X in 2022. Overall, exports showed a dramatic descent. The pace of growth appeared the most rapid in 2021 when exports increased by X%. Over the period under review, the exports of hit record highs at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

Maldives (X square meters) was the main destination for exports of non-PVC floor, wall and ceiling coverings from Sri Lanka, accounting for a X% share of total exports. Moreover, exports of non-PVC floor, wall and ceiling coverings to Maldives exceeded the volume sent to the second major destination, the United Arab Emirates (X square meters), sixfold. The third position in this ranking was held by Canada (X square meters), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Maldives stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Canada (X% per year).

In value terms, Maldives ($X) remains the key foreign market for non-PVC floor, wall and ceiling coverings exports from Sri Lanka, comprising X% of total exports. The second position in the ranking was held by Canada ($X), with a X% share of total exports. It was followed by the United Arab Emirates, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Maldives amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (X% per year) and the United Arab Emirates (X% per year).

Export Prices by Country

The average export price for non-PVC floor, wall and ceiling coverings stood at $X per square meter in 2022, surging by X% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of X%. As a result, the export price attained the peak level of $X per square meter. From 2021 to 2022, the average 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 Canada ($X per square meter), while the average price for exports to the United Arab Emirates ($X per square meter) was amongst the lowest.

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

Imports of Non-PVC Floor, Wall and Ceiling Coverings

Imports into Sri Lanka

In 2022, after five years of decline, there was growth in overseas purchases of non-PVC floor, wall and ceiling coverings, when their volume increased by X% to X square meters. In general, imports, however, saw a abrupt curtailment. The most prominent rate of growth was recorded in 2013 with an increase of X%. Imports peaked at X square meters in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, imports of non-PVC floor, wall and ceiling coverings reduced to $X in 2022. Over the period under review, imports, however, saw a drastic downturn. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports of remained at a lower figure.

Imports by Country

In 2022, China (X square meters) constituted the largest non-PVC floor, wall and ceiling coverings supplier to Sri Lanka, accounting for a X% share of total imports. Moreover, imports of non-PVC floor, wall and ceiling coverings from China exceeded the figures recorded by the second-largest supplier, Thailand (X square meters), twofold. Germany (X square meters) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (X% per year) and Germany (X% per year).

In value terms, China ($X) constituted the largest supplier of non-PVC floor, wall and ceiling coverings to Sri Lanka, comprising X% of total imports. The second position in the ranking was held by Thailand ($X), with a X% share of total imports. It was followed by Germany, 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: Thailand (X% per year) and Germany (X% per year).

Import Prices by Country

In 2022, the average import price for non-PVC floor, wall and ceiling coverings amounted to $X per square meter, waning by X% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 an increase of X% against the previous year. Over the period under review, average import prices attained the peak figure at $X per square meter in 2021, and then fell in the following year.

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 Germany ($X per square meter), while the price for Thailand ($X per square meter) 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 a decline.

Source: IndexBox Platform

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