Sri Lanka: Plain Postcard Market 2024

Plain Postcard Market Size in Sri Lanka

The Sri Lankan plain postcard market rose sharply to $X in 2023, picking up by X% against the previous year. Over the period under review, consumption saw a resilient expansion. Over the period under review, the market attained the peak level at $X in 2021; however, from 2022 to 2023, consumption remained at a lower figure.

Plain Postcard Production in Sri Lanka

In value terms, plain postcard production rose modestly to $X in 2023 estimated in export price. In general, production recorded a strong expansion. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2021; however, from 2022 to 2023, production remained at a lower figure.

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Plain Postcard Exports

Exports from Sri Lanka

In 2023, after four years of growth, there was significant decline in overseas shipments of letter cards, plain postcards and correspondence cards, when their volume decreased by X% to X tons. In general, exports, however, posted a significant increase. The pace of growth appeared the most rapid in 2015 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2022, and then fell in the following year.

In value terms, plain postcard exports shrank to $X in 2023. Over the period under review, exports, however, posted prominent growth. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2022, and then dropped in the following year.

Exports by Country

India (X tons) was the main destination for plain postcard exports from Sri Lanka, with a X% share of total exports. Moreover, plain postcard exports to India exceeded the volume sent to the second major destination, Iran (X tons), fourfold. The third position in this ranking was taken by Kenya (X tons), with an X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to India amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iran (X% per year) and Kenya (X% per year).

In value terms, the largest markets for plain postcard exported from Sri Lanka were India ($X), Iran ($X) and Maldives ($X), together comprising X% of total exports.

India, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average plain postcard export price stood at $X per ton in 2023, remaining stable against the previous year. In general, the export price recorded a abrupt decrease. The most prominent rate of growth was recorded in 2018 an increase of X%. The export price peaked at $X per ton in 2012; however, from 2013 to 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2023, amid the top suppliers, the country with the highest price was Maldives ($X per ton), while the average price for exports to Syrian Arab Republic ($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 Maldives (X%), while the prices for the other major destinations experienced more modest paces of growth.

Plain Postcard Imports

Imports into Sri Lanka

In 2023, supplies from abroad of letter cards, plain postcards and correspondence cards increased by X% to X tons for the first time since 2020, thus ending a two-year declining trend. In general, imports recorded a mild expansion. The growth pace was the most rapid in 2016 with an increase of X%. As a result, imports attained the peak of X tons. From 2017 to 2023, the growth of imports remained at a lower figure.

In value terms, plain postcard imports skyrocketed to $X in 2023. Overall, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of X%. As a result, imports attained the peak of $X. From 2017 to 2023, the growth of imports remained at a lower figure.

Imports by Country

In 2023, the United Arab Emirates (X kg) constituted the largest plain postcard supplier to Sri Lanka, accounting for a X% share of total imports. Moreover, plain postcard imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, the United States (X kg), threefold. The third position in this ranking was held by Bangladesh (X kg), with a X% share.

From 2012 to 2023, the average annual growth rate of volume from the United Arab Emirates amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Bangladesh (X% per year).

In value terms, the United Arab Emirates ($X), the United States ($X) and the UK ($X) appeared to be the largest plain postcard suppliers to Sri Lanka, together comprising X% of total imports. Bangladesh, India, China and Turkey lagged somewhat behind, together accounting for a further X%.

Bangladesh, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main suppliers 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 plain postcard import price amounted to $X per ton, declining by X% against the previous year. Overall, the import price recorded a perceptible curtailment. The most prominent rate of growth was recorded in 2017 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was the UK ($X per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform