Price for Alcohols; Cyclic, and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives in Sri Lanka - 2022

Contents:

1. Price for Alcohols; Cyclic, and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives in Sri Lanka (CIF) - 2022
2. Price for Alcohols; Cyclic, and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives in Sri Lanka (FOB) - 2022
3. Imports of Alcohols; Cyclic, and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives in Sri Lanka
4. Exports of Alcohols; Cyclic, and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives in Sri Lanka

Price for Alcohols; Cyclic, and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives in Sri Lanka (CIF) - 2022

In 2022, the average import price for alcohols; cyclic, and their halogenated, sulphonated, nitrated or nitrosated derivativeses amounted to $10,356 per ton, jumping by 22% against the previous year. Over the period under review, import price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +4.0% 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 alcohols; cyclic, and their halogenated, sulphonated, nitrated or nitrosated derivativeses increased by +30.3% against 2020 indices. The pace of growth appeared the most rapid in 2018 an increase of 49% against the previous year. The import price peaked 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 Singapore ($27,066 per ton), while the price for the United Arab Emirates ($5,000 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+24.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Alcohols; Cyclic, and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives in Sri Lanka (FOB) - 2022

In 2022, the average export price for alcohols; cyclic, and their halogenated, sulphonated, nitrated or nitrosated derivativeses amounted to $6,250 per ton, with a decrease of -29.8% against the previous year. Overall, the export price continues to indicate a abrupt downturn. The growth pace was the most rapid in 2019 an increase of 100% against the previous year. The export price peaked at $22,797 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Maldives.

From 2012 to 2022, the rate of growth in terms of prices for India amounted to -8.5% per year.

Imports of Alcohols; Cyclic, and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives in Sri Lanka

In 2022, purchases abroad of alcohols; cyclic, and their halogenated, sulphonated, nitrated or nitrosated derivativeses decreased by -16.1% to 128 tons, falling for the second consecutive year after two years of growth. Over the period under review, imports continue to indicate a abrupt setback. The pace of growth was the most pronounced in 2020 when imports increased by 12%. As a result, imports attained the peak of 182 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of alcohols; cyclic, and their halogenated, sulphonated, nitrated or nitrosated derivativeses rose modestly to $1.3M in 2022. Overall, imports showed a pronounced decrease.

Top Suppliers of Alcohols; Cyclic, and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives to Sri Lanka in 2022:

1. India (58.0 tons)
2. China (38.9 tons)
3. Germany (28.6 tons)

Exports of Alcohols; Cyclic, and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives in Sri Lanka

In 2022, shipments abroad of alcohols; cyclic, and their halogenated, sulphonated, nitrated or nitrosated derivativeses decreased by -20% to 16 kg, falling for the second consecutive year after two years of growth. In general, exports continue to indicate a noticeable slump. The most prominent rate of growth was recorded in 2020 when exports increased by 29%. As a result, the exports reached the peak of 22 kg. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of alcohols; cyclic, and their halogenated, sulphonated, nitrated or nitrosated derivativeses reduced sharply to $100 in 2022. Over the period under review, exports saw a sharp descent. The smallest decline of -24.9% was in 2021.

Top Export Markets for Alcohols; Cyclic, and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives from Sri Lanka in 2022:

1. Maldives (16.0 kg)

Source: IndexBox Market Intelligence Platform