Sri Lanka: Non-Cellular Polypropylene Film Market 2024

Non-Cellular Polypropylene Film Market Size in Sri Lanka

The Sri Lankan non-cellular polypropylene film market surged to $X in 2021, picking up by 28% 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). The market value increased at an average annual rate of +4.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Non-Cellular Polypropylene Film Exports

Exports from Sri Lanka

Non-cellular polypropylene film exports from Sri Lanka reduced notably to X tons in 2021, with a decrease of -68.1% against 2020 figures. Over the period under review, exports recorded a abrupt curtailment. The pace of growth was the most pronounced in 2014 when exports increased by 243% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2020, and then plummeted in the following year.

In value terms, non-cellular polypropylene film exports plummeted to $X in 2021. Overall, exports faced a abrupt decrease. The most prominent rate of growth was recorded in 2014 when exports increased by 367%. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

Maldives (X tons), the United Arab Emirates (X tons) and India (X tons) were the main destinations of non-cellular polypropylene film exports from Sri Lanka, with a combined 89% share of total exports.

From 2012 to 2021, 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 +73.4%), while the other leaders experienced more modest paces of growth.

In value terms, India ($X), Maldives ($X) and the United Arab Emirates ($X) constituted the largest markets for non-cellular polypropylene film exported from Sri Lanka worldwide, together comprising 88% of total exports.

Among the main countries of destination, the United Arab Emirates, with a CAGR of +74.3%, recorded the highest growth rate of 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

The average non-cellular polypropylene film export price stood at $X per ton in 2021, with an increase of 39% against the previous year. Over the period under review, the export price, however, showed a perceptible contraction. Over the period under review, the average export prices hit record highs at $X per ton in 2016; however, from 2017 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Pakistan (+29.5%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Cellular Polypropylene Film Imports

Imports into Sri Lanka

In 2021, supplies from abroad of non-cellular polypropylene films, sheets, foil and strip increased by 1.3% to X tons, rising for the second year in a row after two years of decline. The total import volume increased at an average annual rate of +4.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of 25% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are likely to see steady growth in the immediate term.

In value terms, non-cellular polypropylene film imports soared to $X in 2021. The total import value increased at an average annual rate of +4.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Indonesia (X tons), China (X tons) and Pakistan (X tons) were the main suppliers of non-cellular polypropylene film imports to Sri Lanka, with a combined 63% share of total imports. Malaysia, India, Oman, Taiwan (Chinese) and the United Arab Emirates lagged somewhat behind, together accounting for a further 31%.

From 2012 to 2021, the biggest increases were recorded for Oman (with a CAGR of +38.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X), China ($X) and Malaysia ($X) were the largest non-cellular polypropylene film suppliers to Sri Lanka, together comprising 56% of total imports. These countries were followed by Pakistan, India, Oman, Taiwan (Chinese) and the United Arab Emirates, which together accounted for a further 28%.

In terms of the main suppliers, Oman, with a CAGR of +40.3%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average non-cellular polypropylene film import price amounted to $X per ton, increasing by 37% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The import price peaked at $X per ton in 2016; however, from 2017 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+3.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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