Price for Wood; Posts and Beams in Sri Lanka - 2021

Contents:

  1. Price for Wood; Posts and Beams in Sri Lanka (FOB) - 2022
  2. Price for Wood; Posts and Beams in Sri Lanka (CIF) - 2022
  3. Exports of Wood; Posts and Beams in Sri Lanka
  4. Imports of Wood; Posts and Beams in Sri Lanka

Price for Wood; Posts and Beams in Sri Lanka (FOB) - 2022

In 2022, the average wood; posts and beams export price amounted to $457 per ton, growing by 9.4% against the previous year. Over the period under review, the export price, however, recorded a abrupt setback. The pace of growth was the most pronounced in 2017 an increase of 36% against the previous year. Over the period under review, the average export prices reached the maximum at $2,559 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($6,000 per ton), while the average price for exports to Maldives totaled $344 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+29.8%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Wood; Posts and Beams in Sri Lanka (CIF) - 2022

The average wood; posts and beams import price stood at $12,475 per ton in 2022, increasing by 1,342% against the previous year. In general, the import price continues to indicate a significant expansion. As a result, import price reached 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 Poland ($13,395 per ton), while the price for Malaysia ($1,095 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+14.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Exports of Wood; Posts and Beams in Sri Lanka

In 2022, overseas shipments of wood; posts and beamses were finally on the rise to reach 398 kg after two years of decline. Overall, exports, however, saw a abrupt shrinkage.

In value terms, wood; posts and beams exports expanded rapidly to $182 in 2022. Over the period under review, exports, however, faced a deep reduction.

Export of Wood; Posts and Beams in Sri Lanka (USD)
COUNTRY2019202020212022CAGR,
2019-2022
Maldives2.075.0126134306.2%
Netherlands5.095.040.048.0112.5%
India33628.0N/AN/A-91.7%
OthersN/AN/AN/AN/A0%
Total343198166182-19.0%

Top Export Markets for Wood; Posts and Beams from Sri Lanka in 2022:

  1. Maldives (390.0 kg)
  2. Netherlands (8.0 kg)

Imports of Wood; Posts and Beams in Sri Lanka

Wood; posts and beams imports into Sri Lanka declined notably to 6.3 tons in 2022, falling by -26.7% on 2021 figures. Over the period under review, imports saw a sharp setback. The growth pace was the most rapid in 2021 with an increase of 238% against the previous year.

In value terms, wood; posts and beams imports skyrocketed to $79K in 2022. In general, imports, however, saw a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Wood; Posts and Beams in Sri Lanka (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
PolandN/AN/AN/A77.80%
Australia0.7N/AN/A0.84.6%
Malaysia12.50.91.70.1-80.0%
France1.60.20.9N/A-25.0%
India6.11.14.7N/A-12.2%
Others2.00.10.2N/A-68.4%
Total22.82.37.478.751.1%

Top Suppliers of Wood; Posts and Beams to Sri Lanka in 2022:

  1. Poland (5.8 tons)
  2. Australia (0.4 tons)
  3. Malaysia (0.1 tons)

Source: IndexBox Market Intelligence Platform

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