Sri Lanka: Exercise Book Market 2024

Exercise Book Market Size in Sri Lanka

The Sri Lankan exercise book market reduced to $X in 2022, falling by -3.6% against the previous year. The market value increased at an average annual rate of +3.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Exercise book consumption peaked at $X in 2021, and then shrank in the following year.

Exercise Book Production in Sri Lanka

In value terms, exercise book production contracted slightly to $X in 2022 estimated in export price. Over the period under review, the total production indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -6.1% against 2019 indices. The most prominent rate of growth was recorded in 2019 with an increase of 53%. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

Exercise Book Exports

Exports from Sri Lanka

In 2022, after two years of decline, there was growth in overseas shipments of exercise books, when their volume increased by 3.4% to X tons. Over the period under review, exports recorded a significant increase. The growth pace was the most rapid in 2017 when exports increased by 396%. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, exercise book exports surged to $X in 2022. In general, exports saw significant growth. The pace of growth appeared the most rapid in 2019 with an increase of 424% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

The United States (X tons) was the main destination for exercise book exports from Sri Lanka, with a 95% share of total exports. Moreover, exercise book exports to the United States exceeded the volume sent to the second major destination, Pakistan (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States amounted to +61.1%.

In value terms, the United States ($X) remains the key foreign market for exercise books exports from Sri Lanka, comprising 95% of total exports. The second position in the ranking was held by Pakistan ($X), with a 3.3% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to +58.7%.

Export Prices by Country

In 2022, the average exercise book export price amounted to $X per ton, increasing by 16% against the previous year. Over the period under review, the export price, however, recorded a perceptible contraction. 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 failed to regain momentum.

Average prices varied noticeably for the major export 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 Pakistan totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Tanzania (+9.0%), while the prices for the other major destinations experienced mixed trend patterns.

Exercise Book Imports

Imports into Sri Lanka

In 2022, exercise book imports into Sri Lanka reduced dramatically to X kg, with a decrease of -99.7% against the year before. Overall, imports showed a dramatic slump. The most prominent rate of growth was recorded in 2015 when imports increased by 758%. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, exercise book imports fell rapidly to $X in 2022. In general, imports faced a sharp contraction. The pace of growth appeared the most rapid in 2014 with an increase of 573%. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Belgium (X kg) constituted the largest exercise book supplier to Sri Lanka, with a 67% share of total imports. Moreover, exercise book imports from Belgium exceeded the figures recorded by the second-largest supplier, India (X kg), sixfold. The third position in this ranking was held by Singapore (X kg), with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Belgium amounted to +48.6%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-35.9% per year) and Singapore (-51.8% per year).

In value terms, Belgium ($X) constituted the largest supplier of exercise books to Sri Lanka, comprising 92% of total imports. The second position in the ranking was taken by the UK ($X), with a 4.6% share of total imports. It was followed by India, with a 2% share.

From 2012 to 2022, the average annual growth rate of value from Belgium amounted to +119.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (0.0% per year) and India (-26.4% per year).

Import Prices by Country

In 2022, the average exercise book import price amounted to $X per ton, growing by 491% against the previous year. Overall, the import price posted a significant expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+47.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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