Sri Lanka: Market for Moulded Or Pressed Articles Of Paper Pulp 2024

Market Size for Moulded Or Pressed Articles Of Paper Pulp in Sri Lanka

The Sri Lankan paper pulp moulded articles market totaled $X in 2022, approximately equating the previous year. Over the period under review, consumption continues to indicate a strong expansion. Paper pulp moulded articles consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Production of Moulded Or Pressed Articles Of Paper Pulp in Sri Lanka

In value terms, paper pulp moulded articles production amounted to $X in 2022 estimated in export price. In general, production continues to indicate strong growth. The pace of growth appeared the most rapid in 2017 with an increase of 42%. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Exports of Moulded Or Pressed Articles Of Paper Pulp

Exports from Sri Lanka

In 2022, shipments abroad of moulded or pressed articles of paper pulp increased by 13% to X tons, rising for the second consecutive year after two years of decline. Overall, exports saw a moderate expansion. The most prominent rate of growth was recorded in 2014 when exports increased by 164%. 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, paper pulp moulded articles exports declined to $X in 2022. In general, exports posted mild growth. The growth pace was the most rapid in 2014 when exports increased by 109%. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Italy (X tons), Denmark (X tons) and Maldives (X tons) were the main destinations of paper pulp moulded articles exports from Sri Lanka, with a combined 93% share 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 Denmark (with a CAGR of +16.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for paper pulp moulded articles exported from Sri Lanka were Italy ($X), Denmark ($X) and the UK ($X), together comprising 94% of total exports.

Among the main countries of destination, Denmark, with a CAGR of +15.2%, saw the highest rates of growth with regard to 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

In 2022, the average paper pulp moulded articles export price amounted to $X per ton, waning by -17.8% against the previous year. In general, the export price saw a perceptible descent. The growth pace was the most rapid in 2017 when the average export price increased by 88% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Maldives ($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 Sweden (+10.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Moulded Or Pressed Articles Of Paper Pulp

Imports into Sri Lanka

In 2022, approx. X tons of moulded or pressed articles of paper pulp were imported into Sri Lanka; shrinking by -3.8% against the previous year's figure. Over the period under review, imports, however, enjoyed strong growth. The growth pace was the most rapid in 2016 with an increase of 296% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2021, and then declined in the following year.

In value terms, paper pulp moulded articles imports shrank dramatically to $X in 2022. In general, imports, however, posted a tangible expansion. The most prominent rate of growth was recorded in 2016 when imports increased by 305% against the previous year. As a result, imports attained the peak of $X. From 2017 to 2022, the growth of imports failed to regain momentum.

Imports by Country

India (X tons), Vietnam (X tons) and Malaysia (X tons) were the main suppliers of paper pulp moulded articles imports to Sri Lanka, together accounting for 96% of total imports.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of +110.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest paper pulp moulded articles suppliers to Sri Lanka were India ($X), Vietnam ($X) and Malaysia ($X), together comprising 91% of total imports.

Vietnam, with a CAGR of +111.4%, 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 more modest paces of growth.

Import Prices by Country

In 2022, the average paper pulp moulded articles import price amounted to $X per ton, waning by -27.9% against the previous year. Over the period under review, the import price saw a abrupt descent. The pace of growth appeared the most rapid in 2018 an increase of 45% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat 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 China ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+0.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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