Sri Lanka: Paper Articles Market 2024

Paper Articles Market Size in Sri Lanka

The Sri Lankan paper articles market was estimated at $X in 2023, almost unchanged from the previous year. Overall, consumption enjoyed a resilient increase. Over the period under review, the market reached the peak level at $X in 2021; however, from 2022 to 2023, consumption remained at a lower figure.

Paper Articles Production in Sri Lanka

In value terms, paper articles production amounted to $X in 2023 estimated in export price. Over the period under review, production enjoyed a strong increase. The most prominent rate of growth was recorded in 2020 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2021; afterwards, it flattened through to 2023.

Paper Articles Exports

Exports from Sri Lanka

After two years of growth, shipments abroad of boxes, pouches, wallets and writing compendiums of paper decreased by X% to X tons in 2023. Overall, exports saw a perceptible reduction. The growth pace was the most rapid in 2018 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2019 to 2023, the growth of the exports remained at a lower figure.

In value terms, paper articles exports dropped to $X in 2023. Over the period under review, exports recorded a pronounced descent. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Japan (X tons), Maldives (X tons) and the Netherlands (X tons) were the main destinations of paper articles exports from Sri Lanka, with a combined X% share of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Japan (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Maldives ($X) remains the key foreign market for boxes, pouches, wallets and writing compendiums of paper exports from Sri Lanka, comprising X% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a X% share of total exports. It was followed by Japan, with a X% share.

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

Export Prices by Country

In 2023, the average paper articles export price amounted to $X per ton, growing by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2014 when the average export price increased by X%. Over the period under review, the average export prices attained the maximum at $X per ton in 2020; however, from 2021 to 2023, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Kenya ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Uganda (X%), while the prices for the other major destinations experienced more modest paces of growth.

Paper Articles Imports

Imports into Sri Lanka

In 2023, approx. X tons of boxes, pouches, wallets and writing compendiums of paper were imported into Sri Lanka; increasing by X% compared with 2022 figures. Over the period under review, imports, however, recorded a noticeable decrease. The pace of growth was the most pronounced in 2020 when imports increased by X% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2023, imports failed to regain momentum.

In value terms, paper articles imports soared to $X in 2023. Overall, imports, however, saw a perceptible downturn. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Imports peaked at $X in 2016; however, from 2017 to 2023, imports remained at a lower figure.

Imports by Country

China (X tons), the United Arab Emirates (X tons) and Turkey (X tons) were the main suppliers of paper articles imports to Sri Lanka, with a combined X% share of total imports. Hong Kong SAR, Malaysia, India, Thailand, Saudi Arabia and Belgium lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Malaysia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), China ($X) and Turkey ($X) appeared to be the largest paper articles suppliers to Sri Lanka, together accounting for X% of total imports. Malaysia, Hong Kong SAR, Belgium, India, Thailand and Saudi Arabia lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Malaysia, with a CAGR of X%, saw the highest growth rate of the value of imports, 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 paper articles import price amounted to $X per ton, declining by X% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 to 2023, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Malaysia (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform