Crude and rifted sheets or splittings mica market in Sri Lanka

Earlier Report Observations

The market for crude and rifted mica sheets in Sri Lanka expanded significantly from 2018 to 2021. In physical terms, market volume rose from 525 t in 2018 to 1 186 t in 2021, an increase of over 125%. In value, the market grew from 277 thousand US dollars to 759 thousand US dollars over the same period. This growth occurred while domestic production held steady at 1 500 t annually, indicating that reduced export volumes freed up more material for domestic consumption.

The trend reversed in 2022, when market volume fell to 939 t and value dropped to 636 thousand US dollars. This contraction coincided with a rebound in exports, which increased to 561 t from 314 t the previous year. With imports remaining negligible throughout the period, changes in export levels were the primary driver of domestic market size fluctuations.

Available trade data for 2023 and 2024 shows export volumes continuing to rise, reaching 624 t and 1 038 t respectively, while imports remained minimal. Without full market size figures for these years, the data suggests a sustained focus on external markets, which likely kept domestic supply tight.

Production crude and rifted sheets or splittings mica in Sri Lanka

In kind, 2017-2020, t

From 2017 to 2020, Sri Lanka ranked 22nd globally in the production of crude and rifted sheets or splittings mica.

Top producers of crude and rifted sheets or splittings mica, 2017-2020

World map of production of crude and rifted sheets or splittings mica, 2017-2020

In 2020, Sri Lanka produced 1 500 tonnes of crude and rifted sheets or splittings mica, showing no significant change from the previous year. Over the period from 2017 to 2020, production increased by 5.5%, which translates to an annualized growth rate of 1.8%. The highest production level was recorded in 2018 at 1 500 tonnes, while the largest decline occurred in 2019 with a 0.0% decrease. The most substantial increase was also in 2018, with a 5.5% rise.

Annual dynamics of production in Sri Lanka in kind, 2017-2020, t

In value, 2017-2020, K $ US

Sri Lanka's production of crude and rifted sheets or splittings mica increased in value for the second consecutive year. In 2020, the output was valued at 898.5 thousand US dollars, representing a 2.1% increase compared to the previous year. From 2017 to 2020, production value grew by 6.7%, with a compound annual growth rate of 2.2%. The lowest value was recorded in 2018 at 791.3 thousand US dollars, which also saw the largest decline of 6.0%. The most significant increase occurred in 2019, with an 11.2% rise.

Annual dynamics of production in Sri Lanka in value, 2017-2020, K $ US

Exports crude and rifted sheets or splittings mica from Sri Lanka

Exports in kind, t

Sri Lanka's volume of crude and rifted sheets or splittings mica exports declined for the third consecutive year. In 2020, the country exported 593 tonnes, marking an abrupt drop of 30.9% compared to 2019. Between 2017 and 2020, exports decreased by 42.3%, equating to an annualized decline rate of 16.8%.

Annual dynamics of product's exports from Sri Lanka in kind, 2017-2020, t

From 2017 to 2020, Japan remained the primary market for Sri Lanka's exports in kind, accounting for 87.9% of total flows. The remaining volume was distributed across various other destinations.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Sri Lanka in kind, 2017-2020

Exports in value, K $ US

Crude and rifted sheets or splittings mica exports from Sri Lanka declined in value for the third consecutive year. In 2020, exports amounted to 355.2 thousand US dollars, down by 29.4% from the previous year. Between 2017 and 2020, export value decreased by 41.7%, with an annualized decline rate of 16.4%.

Annual dynamics of product's exports from Sri Lanka in value, 2017-2020, K $ US

From 2017 to 2020, the partner base for exports in value terms was extremely narrow, with Japan alone responsible for 92.5% of total flows.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Sri Lanka in value, 2017-2020

Imports crude and rifted sheets or splittings mica to Sri Lanka

Imports in kind, t

Market performance showed noticeable fluctuations during the period. Imports peaked in 2017 and reached their lowest point in 2019, with an 84 002-fold difference between these years. In 2020, Sri Lanka imported approximately 0.3 tonnes of crude and rifted sheets or splittings mica, marking a sharp increase of 59 900.0% compared to 2019. The minimum value was recorded in 2019 at 0.0 tonnes, which also saw the largest decline of 99.9%.

Annual dynamics of product's imports to Sri Lanka in kind, 2017-2020, t

From 2017 to 2020, India dominated the list of suppliers of crude and rifted sheets or splittings mica to Sri Lanka, accounting for 2.1% of total imports in kind.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Sri Lanka in kind, 2017-2020

Imports in value, K $ US

The market exhibited signs of volatility over the observed period. Imports varied significantly, with a high in 2017 and a low in 2019, showing an 865-fold difference. In 2020, Sri Lanka imported 1.3 thousand US dollars of crude and rifted sheets or splittings mica, representing an increase of 3 689.7% compared to the previous year. The minimum value was recorded in 2019 at 0.0 thousand US dollars, while the largest decline occurred in 2018 with a 97.3% drop.

Annual dynamics of product's imports to Sri Lanka in value, 2017-2020, K $ US

From 2017 to 2020, India dominated the list of suppliers of crude and rifted sheets or splittings mica to Sri Lanka, accounting for 6.7% of total imports in value terms.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Sri Lanka in value, 2017-2020