Price for Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Sri Lanka - 2022
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Sri Lanka (CIF) - 2022
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Sri Lanka
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Sri Lanka (CIF) - 2022
The average import price for acids; saturated acyclic monocarboxylic acids; vinyl acetates stood at $2,377 per ton in 2022, growing by 58% against the previous year. Over the period under review, the import price posted a remarkable increase. The pace of growth appeared the most rapid in 2021 when the average import price increased by 62% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is likely to continue growth in the near future.
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 South Korea ($3,308 per ton), while the price for Singapore ($1,767 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+11.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Sri Lanka
In 2022, approx. 1.1K tons of acids; saturated acyclic monocarboxylic acids; vinyl acetates were imported into Sri Lanka; reducing by -54.5% compared with the previous year's figure. In general, imports continue to indicate a perceptible curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by 162%. As a result, imports attained the peak of 2.4K tons, and then reduced sharply in the following year.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; vinyl acetates contracted notably to $2.6M in 2022. Over the period under review, imports, however, continue to indicate significant growth. The growth pace was the most rapid in 2021 when imports increased by 323%. As a result, imports reached the peak of $3.6M, and then shrank dramatically in the following year.
| Import of Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 40.7 | 14.5 | 547 | 978 | 188.6% |
| Saudi Arabia | 234 | 166 | 713 | 657 | 41.1% |
| Taiwan (Chinese) | 877 | 467 | 1,372 | 287 | -31.1% |
| South Korea | 6.4 | 26.9 | 133 | 201 | 215.5% |
| India | 19.8 | 40.6 | 82.4 | 198 | 115.4% |
| Singapore | 76.3 | 50.1 | 110 | 179 | 32.9% |
| United Arab Emirates | 29.9 | 39.9 | 599 | 102 | 50.5% |
| Others | 57.0 | 51.5 | 65.9 | N/A | 7.5% |
| Total | 1,341 | 857 | 3,624 | 2,601 | 24.7% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate to Sri Lanka in 2022:
- China (357.1 tons)
- Saudi Arabia (331.9 tons)
- Taiwan (Chinese) (121.6 tons)
- Singapore (101.1 tons)
- India (76.0 tons)
- South Korea (60.8 tons)
- United Arab Emirates (45.6 tons)
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