Price for Balances; of A Sensitivity of 5cg or Better, with or Without Weights in Sri Lanka - 2022

Contents:

1. Price for Balances; of A Sensitivity of 5cg or Better, with or Without Weights in Sri Lanka (CIF) - 2022
2. Price for Balances; of A Sensitivity of 5cg or Better, with or Without Weights in Sri Lanka (FOB) - 2022
3. Imports of Balances; of A Sensitivity of 5cg or Better, with or Without Weights in Sri Lanka
4. Exports of Balances; of A Sensitivity of 5cg or Better, with or Without Weights in Sri Lanka

Price for Balances; of A Sensitivity of 5cg or Better, with or Without Weights in Sri Lanka (CIF) - 2022

In 2022, the average import price for balances; of a sensitivity of 5cg or better, with or without weightses amounted to $92,039 per ton, jumping by 17% against the previous year. Overall, import price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of +5.3% 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 balances; of a sensitivity of 5cg or better, with or without weightses decreased by -4.8% against 2020 indices. The most prominent rate of growth was recorded in 2016 an increase of 61% against the previous year. Over the period under review, average import prices hit record highs at $96,697 per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

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 Germany ($234,710 per ton), while the price for Italy ($49,767 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 (+13.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Balances; of A Sensitivity of 5cg or Better, with or Without Weights in Sri Lanka (FOB) - 2022

In 2022, the average export price for balances; of a sensitivity of 5cg or better, with or without weightses amounted to $94,507 per ton, which is down by -5.1% against the previous year. Overall, the export price saw a perceptible descent. The most prominent rate of growth was recorded in 2017 when the average export price increased by 28% against the previous year. Over the period under review, the average export prices attained the maximum at $179,904 per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Maldives ($239,000 per ton), while the average price for exports to Germany ($25,924 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 the United States (+24.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Balances; of A Sensitivity of 5cg or Better, with or Without Weights in Sri Lanka

In 2022, the amount of balances; of a sensitivity of 5cg or better, with or without weightses imported into Sri Lanka declined significantly to 3.6 tons, which is down by -53.3% on 2021. Overall, imports continue to indicate a abrupt decrease. The pace of growth was the most pronounced in 2021 when imports increased by 77% against the previous year. As a result, imports attained the peak of 7.7 tons, and then plummeted in the following year.

In value terms, imports of balances; of a sensitivity of 5cg or better, with or without weightses contracted rapidly to $331K in 2022. Over the period under review, imports saw a abrupt decline. The growth pace was the most rapid in 2021 when imports increased by 45% against the previous year. As a result, imports attained the peak of $609K, and then shrank sharply in the following year.

Top Suppliers of Balances; of A Sensitivity of 5cg or Better, with or Without Weights to Sri Lanka in 2022:

1. China (2102.0 kg)
2. Poland (401.0 kg)
3. Germany (279.0 kg)
4. Philippines (275.0 kg)
5. India (161.0 kg)
6. Netherlands (138.0 kg)
7. Italy (120.0 kg)
8. Japan (37.0 kg)
9. South Korea (29.0 kg)

Exports of Balances; of A Sensitivity of 5cg or Better, with or Without Weights in Sri Lanka

In 2022, overseas shipments of balances; of a sensitivity of 5cg or better, with or without weightses decreased by -3.6% to 345 kg, falling for the second year in a row after two years of growth. Overall, exports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 576% against the previous year. As a result, the exports attained the peak of 392 kg. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of balances; of a sensitivity of 5cg or better, with or without weightses declined to $33K in 2022. Over the period under review, exports, however, posted a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 391%. As a result, the exports reached the peak of $41K. From 2021 to 2022, the growth of the exports of failed to regain momentum.

Top Export Markets for Balances; of A Sensitivity of 5cg or Better, with or Without Weights from Sri Lanka in 2022:

1. United Kingdom (146.0 kg)
2. Germany (92.0 kg)
3. Turkey (54.0 kg)
4. Austria (50.0 kg)

Source: IndexBox Market Intelligence Platform