Sri Lanka - Iron Or Steel Wool - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMetal Wool Price in Sri Lanka - 2021
Contents:
- Metal Wool Price in Sri Lanka (CIF) - 2022
- Metal Wool Price in Sri Lanka (FOB) - 2022
- Metal Wool Imports in Sri Lanka
- Metal Wool Exports in Sri Lanka
Metal Wool Price in Sri Lanka (CIF) - 2022
The average metal wool import price stood at $7,284 per ton in 2022, rising by 68% against the previous year. Overall, import price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of +11.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, metal wool import price increased by +81.1% against 2020 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($15,202 per ton), while the price for the Philippines ($3,263 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+13.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Metal Wool Price in Sri Lanka (FOB) - 2022
In 2022, the average metal wool export price amounted to $3,981 per ton, which is down by -37.3% against the previous year. Overall, the export price, however, enjoyed temperate growth. The pace of growth was the most pronounced in 2016 when the average export price increased by 176% against the previous year. As a result, the export price attained the peak level of $7,660 per ton. From 2017 to 2022, the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Australia ($12,622 per ton), while the average price for exports to Maldives amounted to $2,821 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Maldives (-3.5%), while the prices for the other major destinations experienced a decline.
Metal Wool Imports in Sri Lanka
Metal wool imports into Sri Lanka reduced markedly to 7.2 tons in 2022, declining by -96.5% compared with the year before. Over the period under review, imports recorded a significant contraction. The growth pace was the most rapid in 2021 with an increase of 96%.
In value terms, metal wool imports fell dramatically to $53K in 2022. Overall, imports recorded a precipitous shrinkage. The pace of growth was the most pronounced in 2021 with an increase of 111% against the previous year.
| Import of Metal Wool in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 10.6 | 3.0 | 15.6 | 20.6 | 24.8% |
| China | 744 | 301 | 886 | 18.8 | -70.7% |
| Netherlands | N/A | 57.0 | N/A | 7.7 | -63.2% |
| South Korea | 6.4 | 0.2 | N/A | 3.4 | -19.0% |
| Philippines | N/A | N/A | N/A | 1.1 | 0% |
| Germany | 276 | 2.5 | N/A | N/A | -99.1% |
| Others | 11.3 | 63.4 | 1.4 | 1.2 | -52.6% |
| Total | 1,048 | 427 | 903 | 52.7 | -63.1% |
Top Suppliers of Metal Wool to Sri Lanka in 2022:
- China (3.9 tons)
- India (1.4 tons)
- Netherlands (1.3 tons)
- South Korea (0.4 tons)
- Philippines (0.3 tons)
Metal Wool Exports in Sri Lanka
In 2022, metal wool exports from Sri Lanka skyrocketed to 415 kg, picking up by 35% compared with 2021 figures. Over the period under review, total exports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +7.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -19.6% against 2020 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 54%. As a result, the exports attained the peak of 516 kg. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, metal wool exports declined dramatically to $1.7K in 2022. In general, exports, however, faced a abrupt descent. The most prominent rate of growth was recorded in 2020 with an increase of 34% against the previous year. As a result, the exports attained the peak of $3.1K. From 2021 to 2022, the growth of the exports remained at a lower figure.
| Export of Metal Wool in Sri Lanka (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Maldives | 1,058 | N/A | 1.0 | 1,027 | -1.0% |
| Australia | N/A | N/A | N/A | 568 | 0% |
| Canada | 1,160 | 46.0 | 6.0 | 57.0 | -63.4% |
| Oman | N/A | 372 | N/A | N/A | 0% |
| Saudi Arabia | N/A | 2,224 | 1,901 | N/A | -14.5% |
| Others | 91.0 | 449 | 48.0 | N/A | -27.4% |
| Total | 2,309 | 3,091 | 1,956 | 1,652 | -10.6% |
Top Export Markets for Metal Wool from Sri Lanka in 2022:
- Maldives (364.0 kg)
- Australia (45.0 kg)
- Canada (6.0 kg)
This report provides an in-depth analysis of the metal 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.
Product coverage:
- Prodcom 25991280 - Iron or steel wool, pot scourers and scouring or polishing pads, and gloves and the like
Country coverage:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Sri Lanka
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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