Sri Lanka: Market for Calendars And Trade Advertising Material 2024

Market Size for Calendars And Trade Advertising Material in Sri Lanka

The Sri Lankan market for calendars and trade advertising material declined modestly to $X in 2022, reducing by -1.7% against the previous year. The market value increased at an average annual rate of +1.1% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. Calendars and trade advertising material consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Production of Calendars And Trade Advertising Material in Sri Lanka

In value terms, calendars and trade advertising material production fell slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.5% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 with an increase of 24% against the previous year. Calendars and trade advertising material production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Exports of Calendars And Trade Advertising Material

Exports from Sri Lanka

In 2022, shipments abroad of calendars and trade advertising material decreased by -42.1% to X tons for the first time since 2017, thus ending a four-year rising trend. In general, exports showed a mild contraction. The growth pace was the most rapid in 2018 with an increase of 58% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2021, and then shrank sharply in the following year.

In value terms, calendars and trade advertising material exports soared to $X in 2022. Overall, exports, however, saw strong growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

India (X tons) was the main destination for calendars and trade advertising material exports from Sri Lanka, with a 25% share of total exports. Moreover, calendars and trade advertising material exports to India exceeded the volume sent to the second major destination, Bangladesh (X tons), twofold. Maldives (X tons) ranked third in terms of total exports with an 11% share.

From 2012 to 2022, the average annual growth rate of volume to India totaled +4.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bangladesh (+36.6% per year) and Maldives (+2.8% per year).

In value terms, India ($X) remains the key foreign market for calendars and trade advertising material exports from Sri Lanka, comprising 43% of total exports. The second position in the ranking was held by Kenya ($X), with a 12% share of total exports. It was followed by Bangladesh, with an 11% share.

From 2012 to 2022, the average annual growth rate of value to India totaled +9.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kenya (+31.6% per year) and Bangladesh (+38.6% per year).

Export Prices by Country

In 2022, the average export price for calendars and trade advertising material amounted to $X per ton, surging by 208% against the previous year. Over the period under review, the export price continues to indicate resilient growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while the average price for exports to Mali ($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 (+31.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Calendars And Trade Advertising Material

Imports into Sri Lanka

In 2022, imports of calendars and trade advertising material into Sri Lanka surged to X tons, rising by 36% compared with the previous year's figure. In general, imports, however, recorded a perceptible decline. The pace of growth was the most pronounced in 2014 with an increase of 120%. As a result, imports attained the peak of X tons. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, calendars and trade advertising material imports shrank modestly to $X in 2022. Over the period under review, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when imports increased by 166% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest calendars and trade advertising material supplier to Sri Lanka, with a 57% share of total imports. Moreover, calendars and trade advertising material imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X tons), threefold. The third position in this ranking was taken by Hong Kong SAR (X tons), with a 7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +7.6%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-5.9% per year) and Hong Kong SAR (+0.5% per year).

In value terms, the largest calendars and trade advertising material suppliers to Sri Lanka were Taiwan (Chinese) ($X), Hong Kong SAR ($X) and China ($X), together accounting for 79% of total imports.

China, with a CAGR of +11.5%, saw 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 mixed trend patterns.

Import Prices by Country

In 2022, the average import price for calendars and trade advertising material amounted to $X per ton, reducing by -29.1% against the previous year. In general, the import price, however, continues to indicate tangible growth. The growth pace was the most rapid in 2018 an increase of 38% against the previous year. The import price peaked at $X per ton in 2019; however, from 2020 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 Taiwan (Chinese) ($X per ton), while the price for Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+15.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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