Sri Lanka: Market for Paper other than Graphic, Packaging or Tissue 2022

Market Size for Paper other than Graphic, Packaging or Tissue in Sri Lanka

The Sri Lankan market for paper other than graphic, packaging or tissue was finally on the rise to reach $X in 2021, after four years of decline. In general, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Production of Paper other than Graphic, Packaging or Tissue in Sri Lanka

In value terms, production of paper other than graphic, packaging or tissue surged to $X in 2021 estimated in export price. Overall, production showed a perceptible downturn. Production of peaked at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Exports of Paper other than Graphic, Packaging or Tissue

Exports from Sri Lanka

In 2021, after two years of growth, there was significant decline in overseas shipments of paper other than graphic, packaging or tissue, when their volume decreased by -X% to X tons. In general, exports showed a pronounced slump. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons, and then fell notably in the following year.

In value terms, exports of paper other than graphic, packaging or tissue fell significantly to $X in 2021. Over the period under review, exports, however, continue to indicate a strong increase. The most prominent rate of growth was recorded in 2020 with an increase of X%. The exports peaked at $X in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

Exports by Country

The Netherlands (X tons) was the main destination for exports of paper other than graphic, packaging or tissue from Sri Lanka, with a X% share of total exports. Moreover, exports of paper other than graphic, packaging or tissue to the Netherlands exceeded the volume sent to the second major destination, Vietnam (X tons), threefold. The third position in this ranking was held by Kenya (X tons), with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the Netherlands amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+X% per year) and Kenya (+X% per year).

In value terms, the Netherlands ($X) emerged as the key foreign market for paper other than graphic, packaging or tissue exports from Sri Lanka, comprising X% of total exports. The second position in the ranking was taken by Vietnam ($X), with a X% share of total exports. It was followed by Kenya, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the Netherlands totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+X% per year) and Kenya (+X% per year).

Export Prices by Country

The average export price for paper other than graphic, packaging or tissue stood at $X per ton in 2021, with an increase of X% against the previous year. In general, the export price continues to indicate strong growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Indonesia ($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 the Netherlands (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Paper other than Graphic, Packaging or Tissue

Imports into Sri Lanka

In 2021, supplies from abroad of paper other than graphic, packaging or tissue decreased by -X% to X tons for the first time since 2018, thus ending a two-year rising trend. The total import volume increased at an average annual rate of +X% 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 2015 when imports increased by X%. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, imports of paper other than graphic, packaging or tissue expanded rapidly to $X in 2021. Overall, total imports indicated noticeable growth from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +X% against 2018 indices. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Australia (X tons) constituted the largest paper other than graphic, packaging or tissue supplier to Sri Lanka, accounting for a X% share of total imports. Moreover, imports of paper other than graphic, packaging or tissue from Australia exceeded the figures recorded by the second-largest supplier, Germany (X tons), sixfold. China (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2021, the average annual growth rate of volume from Australia amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+X% per year) and China (-X% per year).

In value terms, the largest paper other than graphic, packaging or tissue suppliers to Sri Lanka were Germany ($X), Australia ($X) and Spain ($X), with a combined X% share of total imports.

Among the main suppliers, Spain, with a CAGR of +X%, recorded the highest growth rate of 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

The average import price for paper other than graphic, packaging or tissue stood at $X per ton in 2021, increasing by X% against the previous year. Over the period under review, the import price, however, showed a slight decrease. The most prominent rate of growth was recorded in 2020 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was the UK ($X per ton), while the price for Australia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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