
Sri Lanka - Slag Wool, Rock Wool and Similar Mineral Wools and Mixtures - Market Analysis, Forecast, Size, Trends and Insights
Sri Lanka: Mineral Wool Market 2022
Mineral Wool Market Size in Sri Lanka
In 2021, the Sri Lankan mineral wool market increased by X% to $X, rising for the third year in a row after two years of decline. Over the period under review, consumption showed a temperate increase. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.
Mineral Wool Exports
Exports from Sri Lanka
In 2021, approx. X kg of slag wool, rock wool and similar mineral wools and mixtures were exported from Sri Lanka; which is down by -X% compared with the previous year's figure. Overall, exports faced a precipitous descent. The pace of growth was the most pronounced in 2017 with an increase of X%. As a result, the exports reached the peak of X tons. From 2018 to 2021, the growth of the exports failed to regain momentum.
In value terms, mineral wool exports shrank sharply to $X in 2021. In general, exports faced a abrupt contraction. The pace of growth was the most pronounced in 2017 with an increase of X%. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.
Exports by Country
Maldives (X kg) was the main destination for mineral wool exports from Sri Lanka, accounting for a approx. X% share of total exports.
From 2012 to 2021, the average annual growth rate of volume to Maldives totaled -X%.
From 2012 to 2021, the average annual growth rate of value to Maldives totaled -X%.
Export Prices by Country
The average mineral wool export price stood at $X per ton in 2021, jumping by X% against the previous year. Overall, the export price posted a prominent expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for Maldives.
From 2012 to 2021, the rate of growth in terms of prices for Maldives amounted to +X% per year.
Mineral Wool Imports
Imports into Sri Lanka
In 2021, purchases abroad of slag wool, rock wool and similar mineral wools and mixtures increased by X% to X tons, rising for the third year in a row after two years of decline. Overall, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2021, the growth of imports failed to regain momentum.
In value terms, mineral wool imports soared to $X in 2021. Over the period under review, imports saw a remarkable increase. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports remained at a lower figure.
Imports by Country
In 2021, India (X tons) constituted the largest supplier of mineral wool to Sri Lanka, accounting for a X% share of total imports. Moreover, mineral wool imports from India exceeded the figures recorded by the second-largest supplier, Japan (X tons), threefold. The third position in this ranking was taken by China (X tons), with a X% share.
From 2012 to 2021, the average annual rate of growth in terms of volume from India stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+X% per year) and China (-X% per year).
In value terms, India ($X) constituted the largest supplier of mineral wool to Sri Lanka, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports. It was followed by Japan, with an X% share.
From 2012 to 2021, the average annual growth rate of value from India stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-X% per year) and Japan (+X% per year).
Import Prices by Country
The average mineral wool import price stood at $X per ton in 2021, increasing by X% against the previous year. In general, the import price enjoyed a buoyant increase. The growth pace was the most rapid in 2014 an increase of X%. The import price peaked in 2021 and is expected to retain growth in years to come.
Prices varied noticeably country of origin: the country with the highest price was Poland ($X per ton), while the price for Japan ($X per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+X%), while the prices for the other major suppliers experienced more modest paces of growth.
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2022 | 2012-2022 | 2023-2030 | US$, Tons |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the mineral wool market in Sri Lanka. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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