Sri Lanka: Book Cover Market 2024

Book Cover Market Size in Sri Lanka

The Sri Lankan book cover market dropped modestly to $X in 2022, leveling off at the previous year. In general, consumption showed a deep setback. The most prominent rate of growth was recorded in 2019 with an increase of 3.3%. Book cover consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Book Cover Production in Sri Lanka

In value terms, book cover production contracted slightly to $X in 2022 estimated in export price. Over the period under review, production saw a deep contraction. The growth pace was the most rapid in 2019 with an increase of 13% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Book Cover Exports

Exports from Sri Lanka

In 2022, the amount of blotting pads and book covers exported from Sri Lanka reduced sharply to X tons, falling by -19.5% compared with the previous year. Over the period under review, exports, however, showed a strong increase. The most prominent rate of growth was recorded in 2014 when exports increased by 460% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, book cover exports stood at $X in 2022. Overall, exports, however, recorded a buoyant expansion. The pace of growth appeared the most rapid in 2014 with an increase of 208% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

South Africa (X tons) was the main destination for book cover exports from Sri Lanka, accounting for a 90% share of total exports. Moreover, book cover exports to South Africa exceeded the volume sent to the second major destination, the United States (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to South Africa totaled +43.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+53.0% per year) and the United Arab Emirates (+121.5% per year).

In value terms, South Africa ($X) remains the key foreign market for blotting pads and book covers exports from Sri Lanka, comprising 69% of total exports. The second position in the ranking was held by the United States ($X), with a 20% share of total exports.

From 2012 to 2022, the average annual growth rate of value to South Africa totaled +26.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+72.4% per year) and the United Arab Emirates (+131.7% per year).

Export Prices by Country

In 2022, the average book cover export price amounted to $X per ton, increasing by 29% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the average export price increased by 36%. Over the period under review, the average export prices attained the maximum at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat 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 the United States ($X per ton), while the average price for exports to South Africa ($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 South Korea (+17.9%), while the prices for the other major destinations experienced more modest paces of growth.

Book Cover Imports

Imports into Sri Lanka

In 2022, the amount of blotting pads and book covers imported into Sri Lanka soared to X tons, rising by 54% against the year before. In general, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 when imports increased by 611%. As a result, imports attained the peak of X tons. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, book cover imports skyrocketed to $X in 2022. Overall, imports, however, showed a deep reduction. The most prominent rate of growth was recorded in 2018 when imports increased by 497%. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest book cover supplier to Sri Lanka, with a 65% share of total imports. Moreover, book cover imports from China exceeded the figures recorded by the second-largest supplier, Israel (X tons), threefold. The third position in this ranking was taken by India (X tons), with a 7.5% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +3.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Israel (+97.7% per year) and India (+2.7% per year).

In value terms, the largest book cover suppliers to Sri Lanka were China ($X), Israel ($X) and the United States ($X), with a combined 74% share of total imports.

Israel, with a CAGR of +91.0%, recorded the highest rates of growth with regard to 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 2022, the average book cover import price amounted to $X per ton, dropping by -23.1% against the previous year. Overall, the import price continues to indicate a abrupt slump. The pace of growth was the most pronounced in 2017 when the average import price increased by 40% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+17.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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