Sri Lanka: Paper And Paperboard Market 2024

Paper And Paperboard Market Size in Sri Lanka

The Sri Lankan paper and paperboard market dropped significantly to $X in 2022, reducing by 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). In general, consumption recorded a abrupt shrinkage. Over the period under review, the market attained the maximum level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Paper And Paperboard Exports

Exports from Sri Lanka

Paper and paperboard exports from Sri Lanka reduced markedly to X tons in 2022, which is down by X% on the year before. Over the period under review, exports saw a noticeable decrease. The growth pace was the most rapid in 2019 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, paper and paperboard exports contracted sharply to $X in 2022. In general, exports recorded a deep setback. The most prominent rate of growth was recorded in 2019 when exports increased by X%. Over the period under review, the exports reached the peak figure at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Maldives (X tons) was the main destination for paper and paperboard exports from Sri Lanka, with a X% share of total exports. Moreover, paper and paperboard exports to Maldives exceeded the volume sent to the second major destination, the UK (X kg), more than tenfold. Indonesia (X kg) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Maldives amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (X% per year) and Indonesia (X% per year).

In value terms, Maldives ($X) emerged as the key foreign market for paper and paperboard (creped, crinkled, embossed or perforated) exports from Sri Lanka, comprising X% of total exports. The second position in the ranking was held by Tajikistan ($X), with a X% share of total exports. It was followed by the UK, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Maldives totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Tajikistan (X% per year) and the UK (X% per year).

Export Prices by Country

The average paper and paperboard export price stood at $X per ton in 2022, with a decrease of X% against the previous year. Over the period under review, the export price recorded a pronounced setback. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. The export price peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Tajikistan ($X per ton), while the average price for exports to Maldives ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (X%), while the prices for the other major destinations experienced more modest paces of growth.

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Paper And Paperboard Imports

Imports into Sri Lanka

Paper and paperboard imports into Sri Lanka contracted sharply to X tons in 2022, which is down by X% on 2021 figures. Over the period under review, imports recorded a abrupt setback. The pace of growth was the most pronounced in 2018 with an increase of X%. Over the period under review, imports attained the maximum at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, paper and paperboard imports dropped dramatically to $X in 2022. In general, imports continue to indicate a drastic downturn. The growth pace was the most rapid in 2020 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest paper and paperboard supplier to Sri Lanka, with a X% share of total imports. Moreover, paper and paperboard imports from China exceeded the figures recorded by the second-largest supplier, Hong Kong SAR (X tons), twofold. The third position in this ranking was taken by Indonesia (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (X% per year) and Indonesia (X% per year).

In value terms, the largest paper and paperboard suppliers to Sri Lanka were China ($X), Indonesia ($X) and Italy ($X), with a combined X% share of total imports. Hong Kong SAR, Sweden, India and the United States lagged somewhat behind, together comprising a further X%.

Hong Kong SAR, 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 mixed trend patterns.

Import Prices by Country

In 2022, the average paper and paperboard import price amounted to $X per ton, leveling off at the previous year. Over the period under review, import price indicated measured 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, paper and paperboard import price increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by X%. Over the period under review, average import prices attained the maximum at $X per ton in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Hong Kong SAR ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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