Sri Lanka: Market for Printing and Writing Paper 2024

Market Size for Printing and Writing Paper in Sri Lanka

The Sri Lankan printing and writing paper market rose remarkably to $X in 2021, growing by 6.1% against the previous year. The market value increased at an average annual rate of +1.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Printing and writing paper consumption peaked at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Production of Printing and Writing Paper in Sri Lanka

In value terms, printing and writing paper production contracted to $X in 2021 estimated in export price. In general, production recorded a noticeable setback. The pace of growth appeared the most rapid in 2013 with an increase of 23%. Printing and writing paper production peaked at $X in 2017; however, from 2018 to 2021, production stood at a somewhat lower figure.

Exports of Printing and Writing Paper

Exports from Sri Lanka

Printing and writing paper exports from Sri Lanka soared to X tons in 2022, growing by 107% on 2021 figures. Overall, exports posted strong growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, printing and writing paper exports skyrocketed to $X in 2022. Over the period under review, exports enjoyed a buoyant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Bangladesh (X tons) was the main destination for printing and writing paper exports from Sri Lanka, accounting for a 67% share of total exports. Moreover, printing and writing paper exports to Bangladesh exceeded the volume sent to the second major destination, Kenya (X tons), sixfold. The United Arab Emirates (X tons) ranked third in terms of total exports with a 9.1% share.

From 2012 to 2022, the average annual growth rate of volume to Bangladesh totaled +20.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kenya (+70.7% per year) and the United Arab Emirates (+81.4% per year).

In value terms, Bangladesh ($X) remains the key foreign market for printing and writing paper exports from Sri Lanka, comprising 59% of total exports. The second position in the ranking was taken by Kenya ($X), with a 20% share of total exports. It was followed by the United Arab Emirates, with an 8.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Bangladesh amounted to +26.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kenya (+83.1% per year) and the United Arab Emirates (+63.9% per year).

Export Prices by Country

The average printing and writing paper export price stood at $X per ton in 2022, increasing by 15% against the previous year. Over the last decade, it increased at an average annual rate of +4.1%. The most prominent rate of growth was recorded in 2021 an increase of 29% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kenya ($X per ton), while the average price for exports to Turkey ($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 Pakistan (+10.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Printing and Writing Paper

Imports into Sri Lanka

Printing and writing paper imports into Sri Lanka reduced rapidly to X tons in 2022, waning by -36.1% against the previous year. Over the period under review, imports continue to indicate a mild curtailment. The most prominent rate of growth was recorded in 2014 with an increase of 44% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, printing and writing paper imports declined to $X in 2022. In general, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when imports increased by 45% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

India (X tons), China (X tons) and Indonesia (X tons) were the main suppliers of printing and writing paper imports to Sri Lanka, with a combined 85% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +9.8%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest printing and writing paper suppliers to Sri Lanka were India ($X), China ($X) and Indonesia ($X), together comprising 75% of total imports.

Among the main suppliers, China, with a CAGR of +13.3%, 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 printing and writing paper import price stood at $X per ton in 2022, rising by 51% against the previous year. Over the last decade, it increased at an average annual rate of +1.8%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Finland ($X per ton) and China ($X per ton), while the price for Thailand ($X per ton) and India ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+3.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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