Sri Lanka: Ceramic Tile Market 2024

Ceramic Tile Market Size in Sri Lanka

The Sri Lankan ceramic tile market declined notably to $X in 2023, 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). In general, consumption recorded a abrupt shrinkage. Over the period under review, the market attained the peak level at $X in 2016; however, from 2017 to 2023, consumption stood at a somewhat lower figure.

Ceramic Tile Exports

Exports from Sri Lanka

Ceramic tile exports from Sri Lanka soared to X square meters in 2023, growing by X% compared with 2022 figures. Overall, exports showed a relatively flat trend pattern. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, ceramic tile exports fell remarkably to $X in 2023. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2023, the exports failed to regain momentum.

Exports by Country

Australia (X square meters), the United States (X square meters) and Maldives (X square meters) were the main destinations of ceramic tile exports from Sri Lanka, together accounting for X% of total exports.

From 2012 to 2023, the biggest increases were recorded for the United States (with a CAGR of X%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Australia ($X), the United States ($X) and Maldives ($X) appeared to be the largest markets for ceramic tile exported from Sri Lanka worldwide, with a combined X% share of total exports.

Among the main countries of destination, the United States, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average ceramic tile export price stood at $X per square meter in 2023, waning by X% against the previous year. In general, the export price saw a mild decline. The pace of growth appeared the most rapid in 2013 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs at $X per square meter in 2022, and then dropped notably in the following year.

There were significant differences in the average prices for the major overseas markets. In 2023, amid the top suppliers, the country with the highest price was Canada ($X per square meter), while the average price for exports to Maldives ($X per square meter) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Pakistan (X%), while the prices for the other major destinations experienced mixed trend patterns.

Ceramic Tile Imports

Imports into Sri Lanka

In 2023, approx. X square meters of ceramic tiles were imported into Sri Lanka; falling by X% compared with the previous year's figure. Over the period under review, imports faced a deep contraction. The pace of growth was the most pronounced in 2021 when imports increased by X%. Imports peaked at X square meters in 2016; however, from 2017 to 2023, imports stood at a somewhat lower figure.

In value terms, ceramic tile imports shrank markedly to $X in 2023. In general, imports faced a abrupt setback. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2023, imports remained at a lower figure.

Imports by Country

In 2023, India (X square meters) constituted the largest ceramic tile supplier to Sri Lanka, accounting for a X% share of total imports. Moreover, ceramic tile imports from India exceeded the figures recorded by the second-largest supplier, China (X square meters), threefold. The third position in this ranking was taken by Portugal (X square meters), with a X% share.

From 2012 to 2023, the average annual growth rate of volume from India stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Portugal (X% per year).

In value terms, India ($X) constituted the largest supplier of ceramic tiles to Sri Lanka, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports. It was followed by Portugal, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value from India totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Portugal (X% per year).

Import Prices by Country

In 2023, the average ceramic tile import price amounted to $X per square meter, with an increase of X% against the previous year. In general, import price indicated modest growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, ceramic tile import price increased by X% against 2019 indices. The growth pace was the most rapid in 2013 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per square meter. From 2014 to 2023, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Indonesia ($X per square meter), while the price for Portugal ($X per square meter) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Thailand (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform