Sri Lanka: Market for Paper Trays, Dishes, Plates And Cups 2024

Market Size for Paper Trays, Dishes, Plates And Cups in Sri Lanka

The Sri Lankan paper dishes and cups market dropped to $X in 2021, shrinking by -5.5% against the previous year. The market value increased at an average annual rate of +4.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2020, and then dropped in the following year.

Production of Paper Trays, Dishes, Plates And Cups in Sri Lanka

In value terms, paper dishes and cups production declined to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 with an increase of 14%. As a result, production reached the peak level of $X. From 2018 to 2021, production growth failed to regain momentum.

Exports of Paper Trays, Dishes, Plates And Cups

Exports from Sri Lanka

Paper dishes and cups exports from Sri Lanka skyrocketed to X tons in 2021, jumping by 55% against 2020. Overall, exports saw a significant increase. The pace of growth was the most pronounced in 2013 with an increase of 218%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, paper dishes and cups exports skyrocketed to $X in 2021. In general, exports showed significant growth. The pace of growth was the most pronounced in 2013 when exports increased by 224%. The exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

The United States (X tons) was the main destination for paper dishes and cups exports from Sri Lanka, with a 38% share of total exports. Moreover, paper dishes and cups exports to the United States exceeded the volume sent to the second major destination, Australia (X tons), threefold. Maldives (X tons) ranked third in terms of total exports with a 7.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States totaled +57.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+54.6% per year) and Maldives (+21.6% per year).

In value terms, the largest markets for paper dishes and cups exported from Sri Lanka were the United States ($X), Australia ($X) and Maldives ($X), with a combined 45% share of total exports. These countries were followed by Norway, the UK, Denmark and Seychelles, which together accounted for a further 17%.

Among the main countries of destination, the UK, with a CAGR of +96.3%, recorded 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 2021, the average paper dishes and cups export price amounted to $X per ton, increasing by 29% against the previous year. In general, the export price, however, showed a perceptible shrinkage. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat 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 the UK ($X per ton), while the average price for exports to Seychelles ($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 Ethiopia (+86.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Paper Trays, Dishes, Plates And Cups

Imports into Sri Lanka

In 2021, approx. X tons of paper trays, dishes, plates and cups were imported into Sri Lanka; with an increase of 28% on the previous year. Over the period under review, total imports indicated a slight expansion from 2012 to 2021: its volume increased at an average annual rate of +1.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -23.0% against 2015 indices. The most prominent rate of growth was recorded in 2014 when imports increased by 43%. Over the period under review, imports reached the peak figure at X tons in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, paper dishes and cups imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +3.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest paper dishes and cups supplier to Sri Lanka, accounting for a 54% share of total imports. Moreover, paper dishes and cups imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), fourfold. The third position in this ranking was taken by Indonesia (X tons), with a 6.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +11.2%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-3.0% per year) and Indonesia (+28.7% per year).

In value terms, China ($X) constituted the largest supplier of paper trays, dishes, plates and cups to Sri Lanka, comprising 40% of total imports. The second position in the ranking was held by India ($X), with a 14% share of total imports. It was followed by the Netherlands, with a 7.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +9.8%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-3.5% per year) and the Netherlands (+16.3% per year).

Import Prices by Country

In 2021, the average paper dishes and cups import price amounted to $X per ton, approximately equating the previous year. In general, import price indicated a temperate increase from 2012 to 2021: its price increased at an average annual rate of +2.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, paper dishes and cups import price increased by +68.5% against 2017 indices. The pace of growth was the most pronounced in 2018 when the average import price increased by 40%. The import price peaked at $X per ton in 2020, and then reduced slightly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+13.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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