Sri Lanka: Self-Adhesive Printed Label Market 2024

Self-Adhesive Printed Label Market Size in Sri Lanka

The Sri Lankan self-adhesive printed label market fell to $X in 2022, reducing by -7.2% against the previous year. In general, the total consumption indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +7.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +3.3% against 2020 indices. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Self-Adhesive Printed Label Production in Sri Lanka

In value terms, self-adhesive printed label production shrank to $X in 2022 estimated in export price. In general, the total production indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +7.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +3.7% against 2020 indices. The pace of growth was the most pronounced in 2014 when the production volume increased by 35% against the previous year. Self-adhesive printed label production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Self-Adhesive Printed Label Exports

Exports from Sri Lanka

In 2022, the amount of self-adhesive printed labels exported from Sri Lanka was estimated at X tons, increasing by 9.8% against 2021. Over the period under review, total exports indicated noticeable growth from 2012 to 2022: its volume increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +53.7% against 2019 indices. The growth pace was the most rapid in 2018 when exports increased by 51%. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, self-adhesive printed label exports stood at $X in 2022. In general, total exports indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +43.7% against 2016 indices. The growth pace was the most rapid in 2020 with an increase of 22% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

The United Arab Emirates (X tons), Bangladesh (X tons) and Kenya (X tons) were the main destinations of self-adhesive printed label exports from Sri Lanka, together accounting for 61% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Kenya (with a CAGR of +34.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for self-adhesive printed label exported from Sri Lanka were Bangladesh ($X), Kenya ($X) and the United Arab Emirates ($X), with a combined 59% share of total exports.

Among the main countries of destination, Kenya, with a CAGR of +32.5%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average self-adhesive printed label export price stood at $X per ton in 2022, surging by 1.8% against the previous year. In general, export price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, self-adhesive printed label export price decreased by -9.4% against 2019 indices. The pace of growth appeared the most rapid in 2019 when the average export price increased by 95% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2020 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Bangladesh ($X per ton), while the average price for exports to Saudi Arabia ($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 Bangladesh (+8.0%), while the prices for the other major destinations experienced more modest paces of growth.

Self-Adhesive Printed Label Imports

Imports into Sri Lanka

In 2022, self-adhesive printed label imports into Sri Lanka fell sharply to X tons, which is down by -36.9% on 2021. Overall, imports, however, posted mild growth. The most prominent rate of growth was recorded in 2016 with an increase of 179% against the previous year. As a result, imports attained the peak of X tons. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, self-adhesive printed label imports fell to $X in 2022. Over the period under review, total imports indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +4.0% 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 +38.3% against 2020 indices. The most prominent rate of growth was recorded in 2016 with an increase of 104% against the previous year. As a result, imports reached the peak of $X. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

China (X tons), Hong Kong SAR (X tons) and Malaysia (X tons) were the main suppliers of self-adhesive printed label imports to Sri Lanka, with a combined 70% share of total imports. Italy, India, Vietnam and the United Arab Emirates lagged somewhat behind, together accounting for a further 20%.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of +52.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Hong Kong SAR ($X) and Malaysia ($X) constituted the largest self-adhesive printed label suppliers to Sri Lanka, together accounting for 72% of total imports. Italy, India, Vietnam and the United Arab Emirates lagged somewhat behind, together comprising a further 16%.

In terms of the main suppliers, Vietnam, with a CAGR of +57.0%, recorded 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

The average self-adhesive printed label import price stood at $X per ton in 2022, picking up by 43% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.7%. The pace of growth was the most pronounced in 2017 when the average import price increased by 45%. Over the period under review, average import prices hit record highs in 2022 and is likely to see gradual growth in the near future.

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 China ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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