Price for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Sri Lanka - 2022
Contents:
- Price for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Sri Lanka (CIF) - 2022
- Price for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Sri Lanka (FOB) - 2022
- Imports of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Sri Lanka
- Exports of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Sri Lanka
Price for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Sri Lanka (CIF) - 2022
In 2022, the average import price for adhesives; prepared, based on rubber or plastics (including artificial resins) amounted to $4,141 per ton, therefore, remained relatively stable against the previous year. Over the last decade, it increased at an average annual rate of +2.2%. The most prominent rate of growth was recorded in 2013 when the average import price increased by 19%. The import price peaked at $4,161 per ton in 2021, and then declined in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($7,238 per ton), while the price for Thailand ($1,001 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+8.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Sri Lanka (FOB) - 2022
The average export price for adhesives; prepared, based on rubber or plastics (including artificial resins) stood at $3,785 per ton in 2022, leveling off at the previous year. Over the period under review, the export price, however, continues to indicate a perceptible decrease. The pace of growth was the most pronounced in 2014 when the average export price increased by 119% against the previous year. As a result, the export price reached the peak level of $8,536 per ton. From 2015 to 2022, the average export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($15,493 per ton), while the average price for exports to Maldives ($755 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Oman (+343.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Sri Lanka
In 2022, overseas purchases of adhesives; prepared, based on rubber or plastics (including artificial resins) were finally on the rise to reach 2.7K tons after two years of decline. Overall, imports, however, continue to indicate a abrupt downturn.
In value terms, imports of adhesives; prepared, based on rubber or plastics (including artificial resins) surged to $11M in 2022. Over the period under review, imports, however, showed a noticeable shrinkage.
| Import of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Sri Lanka (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2.7 | 2.5 | 2.5 | 3.1 | 4.7% |
| India | 3.5 | 3.1 | 2.7 | 2.6 | -9.4% |
| Germany | 2.0 | 1.3 | 1.2 | 1.3 | -13.4% |
| Malaysia | 0.8 | 0.7 | 0.5 | 0.7 | -4.4% |
| Spain | 0.2 | 0.1 | 0.6 | 0.6 | 44.2% |
| Taiwan (Chinese) | 0.3 | 0.2 | 0.2 | 0.3 | 0.0% |
| Thailand | 0.2 | 0.1 | 0.1 | 0.3 | 14.5% |
| Others | 2.5 | 2.0 | 1.8 | 2.3 | -2.7% |
| Total | 12.3 | 10.0 | 9.5 | 11.1 | -3.4% |
Top Suppliers of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) to Sri Lanka in 2022:
- China (800.5 tons)
- India (688.7 tons)
- Thailand (333.7 tons)
- Malaysia (183.0 tons)
- Germany (173.9 tons)
- Taiwan (Chinese) (125.1 tons)
- Spain (92.2 tons)
Exports of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Sri Lanka
In 2022, overseas shipments of adhesives; prepared, based on rubber or plastics (including artificial resins) decreased by -9.8% to 28 tons, falling for the second year in a row after two years of growth. In general, exports, however, recorded significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 434%. As a result, the exports reached the peak of 35 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of adhesives; prepared, based on rubber or plastics (including artificial resins) reduced to $104K in 2022. Over the period under review, exports, however, saw a significant increase. The growth pace was the most rapid in 2020 with an increase of 326%. As a result, the exports attained the peak of $124K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
| Export of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | N/A | 2.6 | N/A | 75.7 | 439.6% |
| Maldives | 6.3 | 48.8 | 24.0 | 11.0 | 20.4% |
| Indonesia | 15.7 | 69.3 | 42.7 | 3.3 | -40.5% |
| Seychelles | N/A | N/A | N/A | 2.8 | 0% |
| Kenya | N/A | N/A | 1.3 | 1.9 | 46.2% |
| Italy | 0.1 | N/A | 29.5 | N/A | 1617.6% |
| Others | 7.0 | 3.3 | 16.6 | 9.7 | 11.5% |
| Total | 29.1 | 124 | 114 | 104 | 52.9% |
Top Export Markets for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) from Sri Lanka in 2022:
- Maldives (14.5 tons)
- Vietnam (9.3 tons)
- Kenya (2.4 tons)
- Seychelles (0.6 tons)
- Indonesia (0.2 tons)
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Discover the top import markets for prepared glues and other prepared adhesives, including China, Germany, Vietnam, and the United States. Gain insights into market statistics and trends. Explore the significance of prepared adhesives in various industries.
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Discover the top import markets for prepared glues and other prepared adhesives, including China, Germany, Vietnam, and the United States. Gain insights into market statistics and trends. Explore the significance of prepared adhesives in various industries.
