Price for Diphosphorus Pentoxide; Phosphoric Acid and Polyphosphoric Acids in Sri Lanka - 2022

Contents:

1. Price for Diphosphorus Pentoxide; Phosphoric Acid and Polyphosphoric Acids in Sri Lanka (CIF) - 2022
2. Price for Diphosphorus Pentoxide; Phosphoric Acid and Polyphosphoric Acids in Sri Lanka (FOB) - 2022
3. Imports of Diphosphorus Pentoxide; Phosphoric Acid and Polyphosphoric Acids in Sri Lanka
4. Exports of Diphosphorus Pentoxide; Phosphoric Acid and Polyphosphoric Acids in Sri Lanka

Price for Diphosphorus Pentoxide; Phosphoric Acid and Polyphosphoric Acids in Sri Lanka (CIF) - 2022

In 2022, the average import price for diphosphorus pentoxide; phosphoric acid and polyphosphoric acidses amounted to $2,449 per ton, picking up by 92% against the previous year. Over the period under review, the import price posted a resilient increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Belgium ($2,908 per ton) and India ($2,727 per ton), while the price for Vietnam ($2,116 per ton) and China ($2,283 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+7.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Diphosphorus Pentoxide; Phosphoric Acid and Polyphosphoric Acids in Sri Lanka (FOB) - 2022

In 2022, the average export price for diphosphorus pentoxide; phosphoric acid and polyphosphoric acidses amounted to $2,093 per ton, almost unchanged from the previous year. In general, the export price recorded resilient growth. The most prominent rate of growth was recorded in 2017 an increase of 32%. As a result, the export price attained the peak level of $2,643 per ton. From 2018 to 2022, the average 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 2013 to 2022, the rate of growth in terms of prices for Maldives amounted to +7.7% per year.

Imports of Diphosphorus Pentoxide; Phosphoric Acid and Polyphosphoric Acids in Sri Lanka

In 2022, the amount of diphosphorus pentoxide; phosphoric acid and polyphosphoric acidses imported into Sri Lanka fell to 374 tons, waning by -11.8% on 2021 figures. Overall, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 29%. As a result, imports attained the peak of 425 tons, and then reduced in the following year.

In value terms, imports of diphosphorus pentoxide; phosphoric acid and polyphosphoric acidses soared to $917K in 2022. In general, imports, however, continue to indicate significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Diphosphorus Pentoxide; Phosphoric Acid and Polyphosphoric Acids to Sri Lanka in 2022:

1. China (167.8 tons)
2. India (119.7 tons)
3. Vietnam (61.6 tons)
4. Belgium (24.6 tons)

Exports of Diphosphorus Pentoxide; Phosphoric Acid and Polyphosphoric Acids in Sri Lanka

For the third year in a row, Sri Lanka recorded decline in overseas shipments of diphosphorus pentoxide; phosphoric acid and polyphosphoric acidses, which decreased by 0% to 151 kg in 2022. Overall, exports recorded a precipitous decline. The smallest decline of -9.9% was in 2020.

In value terms, exports of diphosphorus pentoxide; phosphoric acid and polyphosphoric acidses stood at $316 in 2022. Over the period under review, exports continue to indicate a sharp setback. The smallest decline of -13.4% was in 2020.

Top Export Markets for Diphosphorus Pentoxide; Phosphoric Acid and Polyphosphoric Acids from Sri Lanka in 2022:

1. Maldives (151.0 kg)

Source: IndexBox Market Intelligence Platform