Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Sri Lanka - 2022
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Sri Lanka (CIF) - 2022
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Sri Lanka
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Sri Lanka (CIF) - 2022
The average import price for acids; saturated acyclic monocarboxylic acids; esters of formic acids stood at $2,989 per ton in 2022, surging by 4.4% against the previous year. In general, the import price, however, recorded a pronounced descent. The growth pace was the most rapid in 2014 when the average import price increased by 47%. As a result, import price reached the peak level of $5,035 per ton. From 2015 to 2022, the average import prices failed to regain momentum.
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 Germany ($7,961 per ton), while the price for Malaysia ($2,277 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+13.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Sri Lanka
In 2022, supplies from abroad of acids; saturated acyclic monocarboxylic acids; esters of formic acids decreased by -27.3% to 11 tons, falling for the second consecutive year after two years of growth. Over the period under review, imports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2020 when imports increased by 0.3% against the previous year. As a result, imports reached the peak of 16 tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; esters of formic acids dropped dramatically to $32K in 2022. Overall, imports showed a drastic downturn. The most prominent rate of growth was recorded in 2021 with an increase of 2%.
| Import of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 9.8 | 11.0 | 10.4 | 11.9 | 6.7% |
| United Kingdom | 15.1 | 13.9 | 10.9 | 10.3 | -12.0% |
| China | 16.8 | 13.9 | 18.4 | 7.8 | -22.6% |
| Germany | 2.4 | 2.0 | 1.4 | 1.2 | -20.6% |
| Others | 0.5 | N/A | 0.4 | 0.4 | -7.2% |
| Total | 44.6 | 40.8 | 41.6 | 31.6 | -10.9% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Esters of Formic Acid to Sri Lanka in 2022:
- Malaysia (5.2 tons)
- United Kingdom (3.8 tons)
- China (1.3 tons)
- Germany (0.2 tons)
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