Price for Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Sri Lanka - 2022
Contents:
- Price for Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Sri Lanka (CIF) - 2022
- Imports of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Sri Lanka
Price for Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Sri Lanka (CIF) - 2022
In 2022, the average import price for acids; unsaturated acyclic monocarboxylic acids; acrylic acid and its saltses amounted to $1,997 per ton, rising by 27% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average import price increased by 41%. Over the period under review, average import prices attained the peak figure at $2,022 per ton in 2012; afterwards, it flattened through to 2022.
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 South Korea ($2,993 per ton), while the price for Malaysia ($1,842 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+4.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Imports of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Sri Lanka
In 2022, approx. 166 tons of acids; unsaturated acyclic monocarboxylic acids; acrylic acid and its saltses were imported into Sri Lanka; increasing by 106% against the previous year. In general, imports showed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of acids; unsaturated acyclic monocarboxylic acids; acrylic acid and its saltses soared to $332K in 2022. Overall, imports saw significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 60.9 | 31.1 | 60.6 | 254 | 61.0% |
| South Korea | 0.4 | 0.1 | 0.3 | 47.9 | 392.9% |
| Malaysia | 26.6 | 47.3 | 18.8 | 29.5 | 3.5% |
| Thailand | 15.1 | 16.2 | 14.7 | N/A | -1.3% |
| Indonesia | 29.3 | 31.3 | 28.4 | N/A | -1.5% |
| Singapore | 7.0 | 6.0 | 4.3 | N/A | -21.6% |
| Others | 0.7 | 0.4 | 0.2 | 0.1 | -47.7% |
| Total | 140 | 132 | 127 | 332 | 33.4% |
Top Suppliers of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts to Sri Lanka in 2022:
- China (134.2 tons)
- Malaysia (16.0 tons)
- South Korea (16.0 tons)
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