Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Sri Lanka - 2022
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Sri Lanka (CIF) - 2022
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Sri Lanka
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Sri Lanka (CIF) - 2022
In 2022, the average import price for acids; saturated acyclic monocarboxylic acids; formic acids amounted to $1,072 per ton, picking up by 33% against the previous year. In general, import price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of +1.3% 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; saturated acyclic monocarboxylic acids; formic acids increased by +81.5% against 2020 indices. The pace of growth was the most pronounced in 2021 when the average import price increased by 36%. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Singapore ($3,385 per ton), while the price for India ($406 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+15.1%), while the prices for the other major suppliers experienced a decline.
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Sri Lanka
Imports of acids; saturated acyclic monocarboxylic acids; formic acids into Sri Lanka soared to 148 tons in 2022, with an increase of 35% compared with the previous year. Over the period under review, imports, however, continue to indicate a significant contraction.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; formic acids soared to $158K in 2022. Overall, imports, however, continue to indicate a precipitous slump.
| Import of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 127 | 110 | 12.8 | 29.5 | -38.5% |
| Germany | 44.0 | 34.5 | 13.2 | 23.5 | -18.9% |
| Finland | 26.0 | 57.8 | 13.8 | 22.1 | -5.3% |
| Hong Kong SAR | 33.1 | 29.9 | 2.5 | 5.4 | -45.4% |
| India | 6.4 | 7.0 | 1.0 | 1.1 | -44.4% |
| Others | 212 | 294 | 44.7 | 76.9 | -28.7% |
| Total | 448 | 534 | 88.1 | 158 | -29.3% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Formic Acid to Sri Lanka in 2022:
- China (62.4 tons)
- Germany (41.2 tons)
- Finland (31.8 tons)
- Hong Kong SAR (9.4 tons)
- India (2.7 tons)
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