Sri Lanka: Stamping Foil Market 2024

Stamping Foil Market Size in Sri Lanka

The Sri Lankan stamping foil market expanded notably to $X in 2022, surging by X% against the previous year. Over the period under review, consumption showed a prominent expansion. Stamping foil consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Stamping Foil Production in Sri Lanka

In value terms, stamping foil production reached $X in 2022 estimated in export price. In general, production continues to indicate a buoyant increase. The most prominent rate of growth was recorded in 2014 when the production volume increased by X%. Stamping foil production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Stamping Foil Exports

Exports from Sri Lanka

In 2022, exports of stamping foils from Sri Lanka skyrocketed to X tons, picking up by X% compared with the year before. Over the period under review, exports enjoyed a significant expansion. The growth pace was the most rapid in 2017 with an increase of X%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, stamping foil exports soared to $X in 2022. In general, exports recorded a significant increase. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the near future.

Exports by Country

Indonesia (X tons) was the main destination for stamping foil exports from Sri Lanka, accounting for a X% share of total exports. Moreover, stamping foil exports to Indonesia exceeded the volume sent to the second major destination, India (X tons), threefold. Bangladesh (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Indonesia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (X% per year) and Bangladesh (X% per year).

In value terms, the largest markets for stamping foil exported from Sri Lanka were Indonesia ($X), India ($X) and Kenya ($X), together accounting for X% of total exports.

Kenya, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination 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 stamping foil export price amounted to $X per ton, with a decrease of X% against the previous year. Over the period under review, the export price, however, posted a mild expansion. The pace of growth appeared the most rapid in 2015 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

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

Stamping Foil Imports

Imports into Sri Lanka

In 2022, approx. X tons of stamping foils were imported into Sri Lanka; surging by X% against the previous year's figure. In general, imports showed a measured increase. The pace of growth appeared the most rapid in 2019 with an increase of X%. As a result, imports attained the peak of X tons. From 2020 to 2022, the growth of imports failed to regain momentum.

In value terms, stamping foil imports expanded remarkably to $X in 2022. Overall, imports, however, continue to indicate a perceptible decrease. The pace of growth appeared the most rapid in 2019 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of stamping foil to Sri Lanka, with a X% share of total imports. Moreover, stamping foil imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), fourfold. The United Arab Emirates (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (X% per year) and the United Arab Emirates (X% per year).

In value terms, China ($X) constituted the largest supplier of stamping foils to Sri Lanka, comprising X% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a X% share of total imports. It was followed by the United Arab Emirates, with an X% share.

From 2012 to 2022, the average annual growth rate of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (X% per year) and the United Arab Emirates (X% per year).

Import Prices by Country

In 2022, the average stamping foil import price amounted to $X per ton, declining by X% against the previous year. Over the period under review, the import price recorded a drastic downturn. The pace of growth appeared the most rapid in 2016 an increase of X% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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