Price for Acids; Saturated Acyclic Monocarboxylic Acids; N-Butyl Acetate in Sri Lanka - 2022
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; N-Butyl Acetate in Sri Lanka (CIF) - 2022
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; N-Butyl Acetate in Sri Lanka
Price for Acids; Saturated Acyclic Monocarboxylic Acids; N-Butyl Acetate in Sri Lanka (CIF) - 2022
In 2022, the average import price for acids; saturated acyclic monocarboxylic acids; n-butyl acetates amounted to $1,966 per ton, jumping by 32% against the previous year. Over the period under review, the import price recorded measured growth. The most prominent rate of growth was recorded in 2018 an increase of 51% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Germany ($2,617 per ton) and India ($2,615 per ton), while the price for China ($1,797 per ton) and Singapore ($2,015 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+3.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; N-Butyl Acetate in Sri Lanka
In 2022, the amount of acids; saturated acyclic monocarboxylic acids; n-butyl acetates imported into Sri Lanka shrank notably to 752 tons, declining by -56% against the previous year. Overall, imports saw a abrupt downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 98% against the previous year. As a result, imports reached the peak of 1.7K tons, and then declined markedly in the following year.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; n-butyl acetates contracted significantly to $1.5M in 2022. Over the period under review, imports, however, showed a strong increase. The pace of growth was the most pronounced in 2021 when imports increased by 188%. As a result, imports reached the peak of $2.5M, and then contracted dramatically in the following year.
| Import of Acids; Saturated Acyclic Monocarboxylic Acids; N-Butyl Acetate in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 362 | 85.0 | 1,085 | 735 | 26.6% |
| Singapore | 525 | 489 | 672 | 481 | -2.9% |
| Germany | 0.5 | 0.3 | 82.2 | 126 | 531.6% |
| India | 12.9 | 0.4 | 0.4 | 77.4 | 81.7% |
| United Arab Emirates | 15.2 | 90.0 | 358 | 37.0 | 34.5% |
| Vietnam | 17.1 | 37.8 | 152 | N/A | 198.1% |
| Indonesia | 116 | 154 | 151 | N/A | 14.1% |
| Others | 40.2 | 23.8 | 37.8 | 23.2 | -16.7% |
| Total | 1,088 | 880 | 2,539 | 1,479 | 10.8% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; N-Butyl Acetate to Sri Lanka in 2022:
- China (409.1 tons)
- Singapore (238.6 tons)
- Germany (48.0 tons)
- India (29.6 tons)
- United Arab Emirates (17.6 tons)
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