Sri Lanka: Book Folding Machine Market 2025

Book Folding Machine Market Size in Sri Lanka

The Sri Lankan book folding machine market shrank remarkably to $X in 2022, with a decrease of -73.8% 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). In general, consumption faced a dramatic decline. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market failed to regain momentum.

Book Folding Machine Exports

Exports from Sri Lanka

In 2022, shipments abroad of folding machines for books decreased by -14.3% to X units, falling for the seventh year in a row after four years of growth. In general, exports saw a deep reduction. The pace of growth appeared the most rapid in 2014 when exports increased by 70% against the previous year. Over the period under review, the exports hit record highs at X units in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, book folding machine exports dropped to $X in 2022. Overall, exports saw a deep slump. The growth pace was the most rapid in 2015 with an increase of 67%. As a result, the exports attained the peak of $X. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X units) and Pakistan (X units) were the main destinations of book folding machine exports from Sri Lanka. Moreover, book folding machine exports in the United Arab Emirates exceeded the figures recorded by the second-largest exporter, Pakistan, twofold.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United Arab Emirates (with a CAGR of 0.0%).

In value terms, the United Arab Emirates ($X) and Pakistan ($X) were the largest markets for book folding machine exported from Sri Lanka worldwide.

The United Arab Emirates, with a CAGR of 0.0%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review.

Export Prices by Country

In 2022, the average book folding machine export price amounted to $X per unit, approximately reflecting the previous year. Over the last decade, it increased at an average annual rate of +1.3%. The most prominent rate of growth was recorded in 2015 when the average export price increased by 10% against the previous year. The export price peaked at $X per unit in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Pakistan ($X per unit), while the average price for exports to the United Arab Emirates stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+1.1%).

Book Folding Machine Imports

Imports into Sri Lanka

In 2022, the amount of folding machines for books imported into Sri Lanka contracted notably to X units, shrinking by -74.8% on the year before. Over the period under review, imports recorded a significant decrease. The growth pace was the most rapid in 2016 with an increase of 129% against the previous year. As a result, imports reached the peak of X units. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, book folding machine imports reduced dramatically to $X in 2022. Overall, imports saw a sharp setback. The most prominent rate of growth was recorded in 2016 with an increase of 129%. As a result, imports reached the peak of $X. From 2017 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Japan (X units), India (X units) and China (X units) were the main suppliers of book folding machine imports to Sri Lanka, with a combined 99% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of -8.3%), while imports for the other leaders experienced a decline.

In value terms, the largest book folding machine suppliers to Sri Lanka were Japan ($X), India ($X) and China ($X), together accounting for 99% of total imports.

India, with a CAGR of -9.2%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average book folding machine import price amounted to $X per unit, rising by 12% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 46% against the previous year. As a result, import price reached the peak level of $X per unit. From 2020 to 2022, the average import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+59.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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