Sri Lanka: Finishing Paper Machinery Market 2024

Finishing Paper Machinery Market Size in Sri Lanka

The Sri Lankan finishing paper machinery market shrank significantly to $X in 2022, with a decrease of X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Finishing Paper Machinery Exports

Exports from Sri Lanka

In 2022, shipments abroad of machinery for finishing paper or paperboard was finally on the rise to reach X units for the first time since 2018, thus ending a three-year declining trend. In general, exports recorded strong growth. The pace of growth was the most pronounced in 2017 when exports increased by X%. Over the period under review, the exports attained the maximum at X units in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, finishing paper machinery exports surged to $X in 2022. Over the period under review, exports showed significant growth. The growth pace was the most rapid in 2017 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Oman (X units) and Maldives (X units) were the main destinations of finishing paper machinery exports from Sri Lanka. Moreover, finishing paper machinery exports in Oman exceeded the figures recorded by the second-largest exporter, Maldives, twofold.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Oman (with a CAGR of X%).

In value terms, Oman ($X) emerged as the key foreign market for machinery for finishing paper or paperboard exports from Sri Lanka, comprising X% of total exports. The second position in the ranking was taken by Maldives ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Oman was relatively modest.

Export Prices by Country

In 2022, the average finishing paper machinery export price amounted to $X per unit, picking up by X% against the previous year. In general, the export price posted a buoyant increase. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. The export price peaked at $X per unit in 2018; however, from 2019 to 2022, 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 Oman ($X per unit), while the average price for exports to Maldives amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Maldives (X%).

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Finishing Paper Machinery Imports

Imports into Sri Lanka

Finishing paper machinery imports into Sri Lanka fell rapidly to X units in 2022, waning by X% on 2021 figures. In general, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Imports peaked at X units in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, finishing paper machinery imports shrank notably to $X in 2022. Overall, imports, however, enjoyed a mild increase. The pace of growth was the most pronounced in 2014 with an increase of X%. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest finishing paper machinery supplier to Sri Lanka, accounting for a X% share of total imports. Moreover, finishing paper machinery imports from China exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X units), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (X% per year) and India (X% per year).

In value terms, China ($X) constituted the largest supplier of machinery for finishing paper or paperboard to Sri Lanka, comprising X% of total imports. The second position in the ranking was taken by India ($X), with an X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and the United Arab Emirates (X% per year).

Import Prices by Country

In 2022, the average finishing paper machinery import price amounted to $X per unit, dropping by X% against the previous year. In general, import price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, finishing paper machinery import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 when the average import price increased by X% against the previous year. The import price peaked at $X per unit in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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