Sri Lanka: Market for Plastic Plates, Sheets, Film, Foil And Strip 2024

Market Size for Plastic Plates, Sheets, Film, Foil And Strip in Sri Lanka

The Sri Lankan market for plastic plates, sheets, film, foil and strip rose rapidly to $X in 2022, picking up 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). The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Exports of Plastic Plates, Sheets, Film, Foil And Strip

Exports from Sri Lanka

Exports of plastic plates, sheets, film, foil and strip from Sri Lanka declined to X tons in 2022, with a decrease of X% against 2021. Over the period under review, exports, however, enjoyed a significant increase. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, the exports of attained the maximum at X tons in 2021, and then reduced in the following year.

In value terms, exports of plastic plates, sheets, film, foil and strip fell notably to $X in 2022. In general, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, the exports of hit record highs at $X in 2021, and then reduced notably in the following year.

Exports by Country

The United States (X tons) was the main destination for exports of plastic plates, sheets, film, foil and strip from Sri Lanka, accounting for a X% share of total exports. Moreover, exports of plastic plates, sheets, film, foil and strip to the United States exceeded the volume sent to the second major destination, Kenya (X tons), more than tenfold. India (X tons) 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 the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kenya (X% per year) and India (X% per year).

In value terms, the United States ($X) remains the key foreign market for plastic plates, sheets, film, foil and strip exports from Sri Lanka, comprising X% of total exports. The second position in the ranking was taken by Kenya ($X), with an X% share of total exports. It was followed by India, with a X% share.

From 2012 to 2022, the average annual growth rate of value to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kenya (X% per year) and India (X% per year).

Export Prices by Country

The average export price for plastic plates, sheets, film, foil and strip stood at $X per ton in 2022, declining by X% against the previous year. Overall, the export price recorded a perceptible downturn. The pace of growth was the most pronounced in 2013 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kenya ($X per ton), while the average price for exports to Saudi Arabia ($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 Saudi Arabia (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Plastic Plates, Sheets, Film, Foil And Strip

Imports into Sri Lanka

In 2022, after two years of growth, there was significant decline in supplies from abroad of plastic plates, sheets, film, foil and strip, when their volume decreased by X% to X tons. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Over the period under review, imports of hit record highs at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of plastic plates, sheets, film, foil and strip totaled $X in 2022. In general, total imports indicated a perceptible increase from 2012 to 2022: its value 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, imports increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports of remained at a somewhat lower figure.

Imports by Country

China (X tons), India (X tons) and Indonesia (X tons) were the main suppliers of imports of plastic plates, sheets, film, foil and strip to Sri Lanka, with a combined X% share of total imports. Pakistan, Malaysia, the United Arab Emirates, Taiwan (Chinese), Thailand and Singapore lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Pakistan (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest plastic plate, sheet, film, foil and strip suppliers to Sri Lanka were China ($X), India ($X) and Indonesia ($X), together accounting for X% of total imports. Pakistan, Malaysia, the United Arab Emirates, Singapore, Taiwan (Chinese) and Thailand lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Pakistan, with a CAGR of X%, saw the highest rates of growth with regard to 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 2022, the average import price for plastic plates, sheets, film, foil and strip amounted to $X per ton, surging by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2016 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in the immediate term.

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

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

Source: IndexBox Platform

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