The import of tableware and kitchenware of porcelain or china to Sri Lanka is projected to decrease significantly over the next five years. Starting with a value of 1.0699 million USD in 2024, the imports are expected to decline steadily, reaching 0.74998 million USD by 2028.
Compared to 2023, this forecast reveals a consistent downward trend, with annual reductions in import value projected at approximately 7.7% in 2025, around 8.2% in 2026, about 8.7% in 2027, and an estimated 9.4% by 2028. These sequential year-over-year decreases highlight a challenging market environment for these products in Sri Lanka.
The Compound Annual Growth Rate (CAGR) over this five-year period indicates an average annual decline of approximately 8.9%.
Future trends to watch for include:
- Potential shifts in consumer behavior toward locally made or alternative materials, possibly accelerated by economic factors.
- Regulatory or trade policy changes that could further influence import dynamics.
- Global supply chain adjustments and their impacts on availability and pricing.