Price for Inorganic Acids; Other than Hydrogen Fluoride in Sri Lanka - 2022
Contents:
- Price for Inorganic Acids; Other than Hydrogen Fluoride in Sri Lanka (CIF) - 2022
- Price for Inorganic Acids; Other than Hydrogen Fluoride in Sri Lanka (FOB) - 2022
- Imports of Inorganic Acids; Other than Hydrogen Fluoride in Sri Lanka
- Exports of Inorganic Acids; Other than Hydrogen Fluoride in Sri Lanka
Price for Inorganic Acids; Other than Hydrogen Fluoride in Sri Lanka (CIF) - 2022
In 2022, the average import price for inorganic acids; other than hydrogen fluorides amounted to $1,660 per ton, with a decrease of -20.4% against the previous year. Over the period under review, import price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +2.6% 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 inorganic acids; other than hydrogen fluorides decreased by -21.7% against 2018 indices. The growth pace was the most rapid in 2017 an increase of 55% against the previous year. Over the period under review, average import prices reached the maximum at $2,119 per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.
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 Italy ($2,389 per ton), while the price for India stood at $827 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+380.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Inorganic Acids; Other than Hydrogen Fluoride in Sri Lanka (FOB) - 2022
In 2022, the average export price for inorganic acids; other than hydrogen fluorides amounted to $2,190 per ton, dropping by -30.9% against the previous year. Over the period under review, the export price, however, recorded temperate growth. The pace of growth appeared the most rapid in 2018 when the average export price increased by 97%. Over the period under review, the average export prices attained the maximum at $4,088 per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for India.
From 2012 to 2022, the rate of growth in terms of prices for India amounted to +2.1% per year.
Imports of Inorganic Acids; Other than Hydrogen Fluoride in Sri Lanka
In 2022, approx. 113 tons of inorganic acids; other than hydrogen fluorides were imported into Sri Lanka; picking up by 40% compared with 2021 figures. In general, total imports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +12.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +58.0% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of inorganic acids; other than hydrogen fluorides reached $187K in 2022. The total import value increased at an average annual rate of +5.2% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 13%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.
| Import of Inorganic Acids; Other than Hydrogen Fluoride in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 75.3 | 66.6 | 77.6 | 142 | 23.5% |
| India | 21.4 | 11.5 | 5.5 | 44.2 | 27.4% |
| Others | 64.5 | 71.5 | 85.4 | 1.3 | -72.8% |
| Total | 161 | 150 | 169 | 187 | 5.1% |
Top Suppliers of Inorganic Acids; Other than Hydrogen Fluoride to Sri Lanka in 2022:
- Italy (59.4 tons)
- India (53.5 tons)
Exports of Inorganic Acids; Other than Hydrogen Fluoride in Sri Lanka
In 2022, overseas shipments of inorganic acids; other than hydrogen fluorides were finally on the rise to reach 9.4 tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports saw significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of inorganic acids; other than hydrogen fluorides surged to $21K in 2022. Over the period under review, exports saw a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Inorganic Acids; Other than Hydrogen Fluoride in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 0.9 | 0.8 | 0.5 | 20.5 | 183.5% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 0.9 | 0.8 | 0.6 | 20.5 | 183.5% |
Top Export Markets for Inorganic Acids; Other than Hydrogen Fluoride from Sri Lanka in 2022:
- India (9.4 tons)
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