Sri Lanka: Market for Self-Adhesive Plastic Tape in Rolls of a Width Under 20cm 2024

Market Size for Self-Adhesive Plastic Tape in Rolls of a Width Under 20cm in Sri Lanka

The Sri Lankan market for self-adhesive plastic tape in rolls of a width under 20cm soared to $X in 2022, jumping by 20% 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). In general, consumption, however, enjoyed a prominent increase. Consumption of peaked in 2022 and is likely to see gradual growth in the near future.

Exports of Self-Adhesive Plastic Tape in Rolls of a Width Under 20cm

Exports from Sri Lanka

In 2022, the amount of self-adhesive plastic tape in rolls of a width under 20cm exported from Sri Lanka declined dramatically to X tons, falling by -60.1% against 2021 figures. In general, exports saw a deep slump. The pace of growth appeared the most rapid in 2014 when exports increased by 267%. Over the period under review, the exports of reached the maximum at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, exports of self-adhesive plastic tape in rolls of a width under 20cm declined significantly to $X in 2022. Overall, exports continue to indicate a perceptible reduction. The most prominent rate of growth was recorded in 2014 when exports increased by 344% against the previous year. Over the period under review, the exports of attained the peak figure at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Ethiopia (X tons), India (X tons) and Maldives (X tons) were the main destinations of exports of self-adhesive plastic tape in rolls of a width under 20cm from Sri Lanka, together comprising 52% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Ethiopia (with a CAGR of +143.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for self-adhesive plastic tape in rolls of a width under 20cm exported from Sri Lanka were Ethiopia ($X), India ($X) and Maldives ($X), together accounting for 55% of total exports.

In terms of the main countries of destination, Ethiopia, with a CAGR of +112.4%, saw 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 2022, the average export price for self-adhesive plastic tape in rolls of a width under 20cm amounted to $X per ton, growing by 24% against the previous year. Over the period under review, the export price saw prominent growth. The pace of growth appeared the most rapid in 2018 when the average export price increased by 68%. As a result, the export price attained the peak level of $X per ton. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while the average price for exports to Bangladesh ($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 India (+10.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Self-Adhesive Plastic Tape in Rolls of a Width Under 20cm

Imports into Sri Lanka

Imports of self-adhesive plastic tape in rolls of a width under 20cm into Sri Lanka shrank to X tons in 2022, which is down by -11.4% against the previous year. Over the period under review, imports, however, saw a prominent expansion. The pace of growth was the most pronounced in 2017 with an increase of 49% against the previous year. Over the period under review, imports of attained the maximum at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, imports of self-adhesive plastic tape in rolls of a width under 20cm soared to $X in 2022. Overall, imports, however, enjoyed a strong increase. The growth pace was the most rapid in 2014 with an increase of 70% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, China (X tons) constituted the largest self-adhesive plastic tape in rolls of a width under 20cm supplier to Sri Lanka, accounting for a 53% share of total imports. Moreover, imports of self-adhesive plastic tape in rolls of a width under 20cm from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), fourfold. The United States (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +5.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+3.3% per year) and the United States (+14.6% per year).

In value terms, the largest self-adhesive plastic tape in rolls of a width under 20cm suppliers to Sri Lanka were China ($X), Hong Kong SAR ($X) and Taiwan (Chinese) ($X), with a combined 71% share of total imports.

Among the main suppliers, Hong Kong SAR, with a CAGR of +33.7%, saw 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 2022, the average import price for self-adhesive plastic tape in rolls of a width under 20cm amounted to $X per ton, picking up by 36% against the previous year. Over the last decade, it increased at an average annual rate of +4.3%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Hong Kong SAR ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+7.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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