Sri Lanka: Curtains Market 2024

Curtains Market Size in Sri Lanka

The Sri Lankan curtains market was estimated at $X in 2023, therefore, remained relatively stable against the previous year. In general, the total consumption indicated a temperate expansion from 2012 to 2023: its value 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, consumption decreased by X% against 2021 indices. Curtains consumption peaked at $X in 2017; however, from 2018 to 2023, consumption stood at a somewhat lower figure.

Curtains Production in Sri Lanka

In value terms, curtains production shrank to $X in 2023 estimated in export price. Over the period under review, the total production indicated a measured increase from 2012 to 2023: its value 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, production decreased by X% against 2020 indices. The growth pace was the most rapid in 2015 when the production volume increased by X% against the previous year. Curtains production peaked at $X in 2017; however, from 2018 to 2023, production remained at a lower figure.

Curtains Exports

Exports from Sri Lanka

In 2023, shipments abroad of curtains and interior blinds increased by X% to X square meters, rising for the third consecutive year after three years of decline. In general, exports showed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The exports peaked in 2023 and are expected to retain growth in the immediate term.

In value terms, curtains exports expanded to $X in 2023. Over the period under review, exports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The exports peaked in 2023 and are likely to see gradual growth in the near future.

Exports by Country

Germany (X square meters) was the main destination for curtains exports from Sri Lanka, accounting for a X% share of total exports. Moreover, curtains exports to Germany exceeded the volume sent to the second major destination, Maldives (X square meters), more than tenfold. The third position in this ranking was held by Oman (X square meters), with a X% share.

From 2012 to 2023, the average annual growth rate of volume to Germany stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Maldives (X% per year) and Oman (X% per year).

In value terms, Germany ($X) emerged as the key foreign market for curtains and interior blinds exports from Sri Lanka, comprising X% of total exports. The second position in the ranking was held by Maldives ($X), with a X% share of total exports. It was followed by the United States, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value to Germany stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Maldives (X% per year) and the United States (X% per year).

Export Prices by Country

The average curtains export price stood at $X per square meter in 2023, declining by X% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 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 square meter in 2017; however, from 2018 to 2023, the export prices remained at a lower figure.

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 the United States ($X per square meter), while the average price for exports to the United Arab Emirates ($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 Oman (X%), while the prices for the other major destinations experienced more modest paces of growth.

Curtains Imports

Imports into Sri Lanka

In 2023, approx. X square meters of curtains and interior blinds were imported into Sri Lanka; dropping by X% on the year before. In general, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when imports increased by X%. Over the period under review, imports reached the peak figure at X square meters in 2014; however, from 2015 to 2023, imports failed to regain momentum.

In value terms, curtains imports contracted notably to $X in 2023. Over the period under review, imports recorded a noticeable decline. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2023, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2023, China (X square meters) constituted the largest curtains supplier to Sri Lanka, accounting for a X% share of total imports. Moreover, curtains imports from China exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X square meters), sixfold. The third position in this ranking was held by Turkey (X square meters), with a X% share.

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

In value terms, the largest curtains suppliers to Sri Lanka were China ($X), Turkey ($X) and the United Arab Emirates ($X), with a combined X% share of total imports.

Turkey, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the average curtains import price amounted to $X per square meter, reducing by X% against the previous year. In general, the import price showed a perceptible setback. The pace of growth appeared the most rapid in 2016 an increase of X%. As a result, import price reached the peak level of $X per square meter. From 2017 to 2023, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Turkey ($X per square meter), while the price for China ($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 Turkey (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform