Sri Lanka: Market for Refractory Products of Siliceous or Diatomite Earths 2024

Market Size for Refractory Products of Siliceous or Diatomite Earths in Sri Lanka

The Sri Lankan market for refractory products of siliceous or diatomite earths rose slightly to $X in 2022, with an increase of X% against the previous year. Overall, consumption, however, saw a perceptible reduction. The most prominent rate of growth was recorded in 2020 when the market value increased by X% against the previous year. Consumption of peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Production of Refractory Products of Siliceous or Diatomite Earths in Sri Lanka

In value terms, production of refractory products of siliceous or diatomite earths expanded slightly to $X in 2022 estimated in export price. Over the period under review, production, however, showed a perceptible decrease. The most prominent rate of growth was recorded in 2020 when the production volume increased by X%. Over the period under review, production of hit record highs at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Exports of Refractory Products of Siliceous or Diatomite Earths

Exports from Sri Lanka

In 2022, overseas shipments of refractory products of siliceous or diatomite earths were finally on the rise to reach X tons for the first time since 2015, thus ending a six-year declining trend. Overall, exports saw a strong increase. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of refractory products of siliceous or diatomite earths fell slightly to $X in 2022. Over the period under review, exports, however, recorded a abrupt decline. The most prominent rate of growth was recorded in 2015 with an increase of X%. As a result, the exports attained the peak of $X. From 2016 to 2022, the growth of the exports of failed to regain momentum.

Exports by Country

Maldives (X tons) was the main destination for exports of refractory products of siliceous or diatomite earths from Sri Lanka, accounting for a approx. X% share of total exports.

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

In value terms, Maldives ($X) also remains the key foreign market for refractory products of siliceous or diatomite earths exports from Sri Lanka.

From 2012 to 2022, the average annual growth rate of value to Maldives amounted to X%.

Export Prices by Country

The average export price for refractory products of siliceous or diatomite earths stood at $X per ton in 2022, with a decrease of X% against the previous year. Over the period under review, the export price faced a abrupt slump. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, the average export prices reached the maximum at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

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 Refractory Products of Siliceous or Diatomite Earths

Imports into Sri Lanka

In 2022, supplies from abroad of refractory products of siliceous or diatomite earths was finally on the rise to reach X tons after three years of decline. Over the period under review, imports, however, recorded a deep setback. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, imports of attained the peak figure at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, imports of refractory products of siliceous or diatomite earths skyrocketed to $X in 2022. In general, imports, however, showed a abrupt decrease. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, imports of hit record highs at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, India (X tons) constituted the largest refractory products of siliceous or diatomite earths supplier to Sri Lanka, accounting for a X% share of total imports. Moreover, imports of refractory products of siliceous or diatomite earths from India exceeded the figures recorded by the second-largest supplier, China (X tons), threefold.

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

In value terms, the largest refractory products of siliceous or diatomite earths suppliers to Sri Lanka were India ($X), China ($X) and the United Arab Emirates ($X), together comprising X% of total imports.

India, 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 mixed trend patterns.

Import Prices by Country

The average import price for refractory products of siliceous or diatomite earths stood at $X per ton in 2022, growing by X% against the previous year. Overall, the import price recorded a resilient expansion. The pace of growth appeared the most rapid in 2015 an increase of X% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in years to come.

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 China ($X per ton), while the price for the United Arab Emirates ($X per ton) 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 more modest paces of growth.

Source: IndexBox Platform

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