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

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

The Sri Lankan market for PVC floor, wall and ceiling coverings declined significantly to $X in 2022, which is down 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). Overall, consumption showed a abrupt slump. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market remained at a lower figure.

Exports of PVC Floor, Wall and Ceiling Coverings

Exports from Sri Lanka

In 2022, the amount of PVC floor, wall and ceiling coverings exported from Sri Lanka fell rapidly to X square meters, shrinking by X% against 2021 figures. Over the period under review, exports continue to indicate a deep downturn. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. The exports peaked at X square meters in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, exports of PVC floor, wall and ceiling coverings contracted sharply to $X in 2022. Overall, exports recorded a deep downturn. The growth pace was the most rapid in 2017 with an increase of X%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Timor-Leste (X square meters) was the main destination for exports of PVC floor, wall and ceiling coverings from Sri Lanka, with a X% share of total exports. Moreover, exports of PVC floor, wall and ceiling coverings to Timor-Leste exceeded the volume sent to the second major destination, Maldives (X square meters), sixfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Timor-Leste was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Maldives (X% per year) and Central African Republic (X% per year).

In value terms, Timor-Leste ($X) emerged as the key foreign market for PVC floor, wall and ceiling coverings exports from Sri Lanka, comprising X% of total exports. The second position in the ranking was held by Maldives ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Timor-Leste was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Maldives (X% per year) and Central African Republic (X% per year).

Export Prices by Country

The average export price for PVC floor, wall and ceiling coverings stood at $X per square meter in 2022, waning 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 2018 an increase of X%. As a result, the export price reached the peak level of $X per square meter. From 2019 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Maldives ($X per square meter), while the average price for exports to Central African Republic ($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 Nepal (X%), while the prices for the other major destinations experienced a decline.

Imports of PVC Floor, Wall and Ceiling Coverings

Imports into Sri Lanka

In 2022, the amount of PVC floor, wall and ceiling coverings imported into Sri Lanka reduced dramatically to X square meters, which is down by X% compared with 2021 figures. In general, imports saw a abrupt downturn. The pace of growth was the most pronounced in 2015 with an increase of X%. Over the period under review, imports of hit record highs at X square meters in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of PVC floor, wall and ceiling coverings contracted remarkably to $X in 2022. Overall, imports recorded a abrupt downturn. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2016 to 2022, the growth of imports of failed to regain momentum.

Imports by Country

Malaysia (X square meters), India (X square meters) and China (X square meters) were the main suppliers of imports of PVC floor, wall and ceiling coverings to Sri Lanka, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Malaysia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest PVC floor, wall and ceiling coverings suppliers to Sri Lanka were China ($X), India ($X) and the United States ($X), together comprising X% of total imports. Malaysia, Sweden, South Korea and Thailand lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Malaysia, with a CAGR of X%, saw the highest rates of growth with regard to 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

The average import price for PVC floor, wall and ceiling coverings stood at $X per square meter in 2022, falling by X% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average import price increased by X%. Over the period under review, average import prices attained the maximum at $X per square meter in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Sweden ($X per square meter), while the price for Malaysia ($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 China (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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