Sri Lanka: Market for Prefabricated Structural Components Of Cement, Concrete Or Artificial Stone 2024

Market Size for Prefabricated Structural Components Of Cement, Concrete Or Artificial Stone in Sri Lanka

The Sri Lankan cement prefabricated structural components market was estimated at $X in 2022, with an increase of X% against the previous year. In general, the total consumption indicated a resilient increase from 2012 to 2022: its value 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, consumption decreased by X% against 2020 indices. Over the period under review, the market attained the peak level at $X in 2020; afterwards, it flattened through to 2022.

Production of Prefabricated Structural Components Of Cement, Concrete Or Artificial Stone in Sri Lanka

In value terms, cement prefabricated structural components production expanded slightly to $X in 2022 estimated in export price. Overall, the total production indicated a buoyant expansion from 2012 to 2022: its value 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, production decreased by X% against 2020 indices. The growth pace was the most rapid in 2015 when the production volume increased by X%. Cement prefabricated structural components production peaked at $X in 2020; afterwards, it flattened through to 2022.

Exports of Prefabricated Structural Components Of Cement, Concrete Or Artificial Stone

Exports from Sri Lanka

In 2022, after two years of decline, there was significant growth in overseas shipments of prefabricated structural components of cement, concrete or artificial stone, when their volume increased by X% to X tons. Over the period under review, exports, however, showed a precipitous descent. The pace of growth appeared the most rapid in 2016 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, cement prefabricated structural components exports soared to $X in 2022. In general, exports, however, saw a drastic downturn. The growth pace was the most rapid in 2016 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Maldives (X tons) was the main destination for cement prefabricated structural components exports from Sri Lanka, accounting for a approx. X% share of total exports.

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

In value terms, Maldives ($X) also remains the key foreign market for prefabricated structural components of cement, concrete or artificial stone exports from Sri Lanka.

From 2012 to 2022, the average annual growth rate of value to Maldives was relatively modest.

Export Prices by Country

The average cement prefabricated structural components export price stood at $X per ton in 2022, increasing by X% against the previous year. Over the period under review, the export price recorded a notable increase. The pace of growth was the most pronounced in 2020 when the average export price increased by X%. Over the period under review, the average export prices hit record highs at $X per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Maldives amounted to X% per year.

Imports of Prefabricated Structural Components Of Cement, Concrete Or Artificial Stone

Imports into Sri Lanka

In 2022, supplies from abroad of prefabricated structural components of cement, concrete or artificial stone decreased by X% to X tons, falling for the fifth year in a row after three years of growth. Overall, imports saw a deep downturn. The most prominent rate of growth was recorded in 2016 when imports increased by X%. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, cement prefabricated structural components imports plummeted to $X in 2022. In general, imports continue to indicate a abrupt descent. The growth pace was the most rapid in 2016 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

India (X tons), Greece (X tons) and Italy (X tons) were the main suppliers of cement prefabricated structural components imports to Sri Lanka, together comprising X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Greece (with a CAGR of X%), while purchases for the other leaders experienced a decline.

In value terms, the largest cement prefabricated structural components suppliers to Sri Lanka were India ($X), Greece ($X) and China ($X), with a combined X% share of total imports.

Greece, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average cement prefabricated structural components import price amounted to $X per ton, growing by X% against the previous year. Overall, the import price, however, saw a pronounced contraction. The pace of growth appeared the most rapid in 2019 an increase of X%. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 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 India ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Greece (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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