Sri Lanka: Office Supply Market 2024

Office Supply Market Size in Sri Lanka

The Sri Lankan office supply market rose slightly to $X in 2022, picking up by 2.5% against the previous year. Over the period under review, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Office Supply Production in Sri Lanka

In value terms, office supply production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.4% from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2019 when the production volume increased by 23% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Office Supply Exports

Exports from Sri Lanka

Office supply exports from Sri Lanka contracted markedly to X tons in 2022, with a decrease of -68.6% compared with 2021 figures. Over the period under review, exports recorded a deep setback. The pace of growth was the most pronounced in 2015 with an increase of 28% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, office supply exports contracted significantly to $X in 2022. In general, exports faced a abrupt curtailment. The pace of growth appeared the most rapid in 2017 with an increase of 37% against the previous year. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

Maldives (X tons) was the main destination for office supply exports from Sri Lanka, accounting for a 68% share of total exports. Moreover, office supply exports to Maldives exceeded the volume sent to the second major destination, the UK (X tons), fourfold. The third position in this ranking was taken by Japan (X kg), with a 5.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Maldives stood at +17.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (-13.3% per year) and Japan (-1.9% per year).

In value terms, the largest markets for office supply exported from Sri Lanka were Maldives ($X), the UK ($X) and Japan ($X), together accounting for 88% of total exports.

Maldives, with a CAGR of +23.0%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average office supply export price stood at $X per ton in 2022, with an increase of 19% against the previous year. Overall, export price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when the average export price increased by 25%. Over the period under review, the average export prices reached the maximum at $X per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

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 ($X per ton), while the average price for exports to Japan ($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 the UK (+5.6%), while the prices for the other major destinations experienced more modest paces of growth.

Office Supply Imports

Imports into Sri Lanka

In 2022, overseas purchases of office or school supplies of plastics decreased by -66.7% to X tons, falling for the fourth year in a row after two years of growth. Over the period under review, imports faced a precipitous setback. The growth pace was the most rapid in 2017 when imports increased by 246% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, office supply imports dropped remarkably to $X in 2022. In general, imports showed a precipitous curtailment. The growth pace was the most rapid in 2017 when imports increased by 184% against the previous year. Over the period under review, imports reached the peak figure at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

China (X tons), Hong Kong SAR (X tons) and India (X tons) were the main suppliers of office supply imports to Sri Lanka, together comprising 98% of total imports.

From 2012 to 2022, the biggest increases were recorded for Hong Kong SAR (with a CAGR of -10.1%), while purchases for the other leaders experienced a decline.

In value terms, China ($X), Hong Kong SAR ($X) and India ($X) constituted the largest office supply suppliers to Sri Lanka, with a combined 96% share of total imports.

Hong Kong SAR, with a CAGR of -11.2%, saw 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

The average office supply import price stood at $X per ton in 2022, with an increase of 67% against the previous year. In general, import price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price attained 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 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 China (+6.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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