Price for Acids; Aromatic Polycarboxylic Acids; Dinonyl or Didecyl Orthophthalates in Sri Lanka - 2022

Contents:

  1. Price for Acids; Aromatic Polycarboxylic Acids; Dinonyl or Didecyl Orthophthalates in Sri Lanka (CIF) - 2022
  2. Imports of Acids; Aromatic Polycarboxylic Acids; Dinonyl or Didecyl Orthophthalates in Sri Lanka

Price for Acids; Aromatic Polycarboxylic Acids; Dinonyl or Didecyl Orthophthalates in Sri Lanka (CIF) - 2022

The average import price for acids; aromatic polycarboxylic acids; dinonyl or didecyl orthophthalateses stood at $2,317 per ton in 2022, surging by 20% against the previous year. Over the period under review, import price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for acids; aromatic polycarboxylic acids; dinonyl or didecyl orthophthalateses increased by +144.8% against 2020 indices. The pace of growth was the most pronounced in 2021 when the average import price increased by 105% against the previous year. The import price peaked in 2022 and is likely to see steady growth in years to come.

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 Vietnam ($4,525 per ton), while the price for Taiwan (Chinese) ($1,062 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Imports of Acids; Aromatic Polycarboxylic Acids; Dinonyl or Didecyl Orthophthalates in Sri Lanka

In 2022, supplies from abroad of acids; aromatic polycarboxylic acids; dinonyl or didecyl orthophthalateses decreased by -44.7% to 16 tons, falling for the second consecutive year after two years of growth. Over the period under review, imports continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2020 with an increase of 628% against the previous year. As a result, imports reached the peak of 145 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of acids; aromatic polycarboxylic acids; dinonyl or didecyl orthophthalateses contracted sharply to $37K in 2022. Overall, imports, however, showed a remarkable increase. The pace of growth appeared the most rapid in 2020 when imports increased by 442% against the previous year. As a result, imports attained the peak of $137K. From 2021 to 2022, the growth of imports of failed to regain momentum.

Import of Acids; Aromatic Polycarboxylic Acids; Dinonyl or Didecyl Orthophthalates in Sri Lanka (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China7.98.017.618.131.8%
Taiwan (Chinese)15.612226.49.7-14.6%
VietnamN/AN/AN/A9.20%
India1.86.612.10.3-45.0%
OthersN/A0.10.1N/A0.0%
Total25.313756.337.213.7%

Top Suppliers of Acids; Aromatic Polycarboxylic Acids; Dinonyl or Didecyl Orthophthalates to Sri Lanka in 2022:

  1. Taiwan (Chinese) (9.1 tons)
  2. China (4.8 tons)
  3. Vietnam (2.0 tons)
  4. India (0.1 tons)

Source: IndexBox Market Intelligence Platform

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