Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Sri Lanka - 2022
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Sri Lanka (CIF) - 2022
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Sri Lanka
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Sri Lanka (CIF) - 2022
In 2022, the average import price for acids; saturated acyclic monocarboxylic acids; salts of formic acidses amounted to $1,120 per ton, declining by -10.3% against the previous year. Overall, the import price showed a slight descent. The growth pace was the most rapid in 2016 when the average import price increased by 119%. Over the period under review, average import prices attained the maximum at $1,634 per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($87,000 per ton), while the price for China ($550 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+49.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Sri Lanka
In 2022, approx. 105 tons of acids; saturated acyclic monocarboxylic acids; salts of formic acidses were imported into Sri Lanka; picking up by 121% compared with the year before. Overall, imports enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 181% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in the immediate term.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; salts of formic acidses skyrocketed to $117K in 2022. In general, imports showed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 171% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.
| Import of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 12.7 | 14.6 | 14.3 | 54.3 | 62.3% |
| India | 2.5 | 7.0 | 1.1 | 4.1 | 17.9% |
| United Arab Emirates | 4.2 | N/A | N/A | N/A | 0% |
| Italy | N/A | 27.1 | 10.3 | N/A | -62.0% |
| Others | 23.2 | 67.0 | 33.5 | 59.0 | 36.5% |
| Total | 42.7 | 116 | 59.2 | 117 | 39.9% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Salts of Formic Acids to Sri Lanka in 2022:
- China (98.6 tons)
- India (6.1 tons)
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