Sri Lanka: Container Market 2024

Container Market Size in Sri Lanka

In 2022, after two years of growth, there was significant decline in the Sri Lankan container market, when its value decreased by X% to $X. Over the period under review, consumption, however, showed mild growth. Over the period under review, the market attained the peak level at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Container Production in Sri Lanka

In value terms, container production reduced slightly to $X in 2022 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Container Exports

Exports from Sri Lanka

Container exports from Sri Lanka soared to X units in 2022, rising by X% on 2021. Overall, exports continue to indicate a buoyant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, container exports soared to $X in 2022. Over the period under review, exports continue to indicate a resilient increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Guinea (X units), Bangladesh (X units) and the United Arab Emirates (X units) were the main destinations of container exports from Sri Lanka, with a combined X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Guinea (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for container exported from Sri Lanka were Bangladesh ($X), Guinea ($X) and the United Arab Emirates ($X), with a combined X% share of total exports.

Among the main countries of destination, Guinea, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average container export price stood at $X per unit in 2022, with an increase of X% against the previous year. Over the period under review, the export price recorded modest growth. The most prominent rate of growth was recorded in 2021 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2015; however, from 2016 to 2022, the 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 Iran ($X per unit), while the average price for exports to Indonesia (less than $X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Iraq (X%), while the prices for the other major destinations experienced more modest paces of growth.

Container Imports

Imports into Sri Lanka

In 2022, approx. X units of tanks, casks, drums, cans, boxes and similar containers were imported into Sri Lanka; with a decrease of X% on 2021. Over the period under review, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X units in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, container imports stood at $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when imports increased by X% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest supplier of container to Sri Lanka, accounting for a X% share of total imports. Moreover, container imports from China exceeded the figures recorded by the second-largest supplier, India (X units), threefold. The third position in this ranking was held by Jordan (X units), with a X% share.

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

In value terms, China ($X) constituted the largest supplier of tanks, casks, drums, cans, boxes and similar containers to Sri Lanka, comprising X% of total imports. The second position in the ranking was taken by India ($X), with a X% share of total imports. It was followed by Thailand, with a X% share.

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

Import Prices by Country

The average container import price stood at $X per unit in 2022, jumping by X% against the previous year. In general, import price indicated a moderate increase from 2012 to 2022: its price 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, container import price increased by X% against 2020 indices. The growth pace was the most rapid in 2017 an increase of X%. Over the period under review, average import prices hit record highs in 2022 and is likely to continue growth in the near future.

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 Hong Kong SAR ($X per unit), while the price for Chile ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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