Price for Mineral Substances Not Elsewhere Specified or Included in Sri Lanka - 2022
Contents:
- Price for Mineral Substances Not Elsewhere Specified or Included in Sri Lanka (CIF) - 2022
- Price for Mineral Substances Not Elsewhere Specified or Included in Sri Lanka (FOB) - 2022
- Imports of Mineral Substances Not Elsewhere Specified or Included in Sri Lanka
- Exports of Mineral Substances Not Elsewhere Specified or Included in Sri Lanka
Price for Mineral Substances Not Elsewhere Specified or Included in Sri Lanka (CIF) - 2022
The average import price for mineral substances not elsewhere specified or includeds stood at $382 per ton in 2022, increasing by 25% against the previous year. Overall, the import price, however, showed a deep reduction. The pace of growth was the most pronounced in 2018 an increase of 83% against the previous year. The import price peaked at $751 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat 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 Indonesia ($1,377 per ton), while the price for China ($219 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+1.0%), while the prices for the other major suppliers experienced a decline.
Price for Mineral Substances Not Elsewhere Specified or Included in Sri Lanka (FOB) - 2022
The average export price for mineral substances not elsewhere specified or includeds stood at $3,140 per ton in 2022, picking up by 711% against the previous year. Overall, the export price continues to indicate a significant increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for Pakistan.
From 2012 to 2022, the rate of growth in terms of prices for Japan amounted to +1.9% per year.
Imports of Mineral Substances Not Elsewhere Specified or Included in Sri Lanka
In 2022, purchases abroad of mineral substances not elsewhere specified or includeds decreased by -25.9% to 6.6K tons, falling for the second consecutive year after two years of growth. In general, imports, however, continue to indicate mild growth. The most prominent rate of growth was recorded in 2020 when imports increased by 163% against the previous year. As a result, imports reached the peak of 17K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of mineral substances not elsewhere specified or includeds dropped to $2.5M in 2022. Over the period under review, imports showed a deep contraction. The growth pace was the most rapid in 2020 when imports increased by 73%. As a result, imports attained the peak of $5.2M. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Mineral Substances Not Elsewhere Specified or Included in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 381 | 1,661 | 618 | 1,695 | 64.5% |
| Indonesia | 464 | 456 | 487 | 459 | -0.4% |
| China | 630 | 481 | 54.4 | 64.3 | -53.3% |
| Philippines | 299 | 277 | 192 | N/A | -19.9% |
| Others | 1,217 | 2,305 | 1,373 | 311 | -36.5% |
| Total | 2,992 | 5,180 | 2,725 | 2,529 | -5.4% |
Top Suppliers of Mineral Substances Not Elsewhere Specified or Included to Sri Lanka in 2022:
- Germany (5.8K tons)
- Indonesia (0.3K tons)
- China (0.3K tons)
Exports of Mineral Substances Not Elsewhere Specified or Included in Sri Lanka
In 2022, exports of mineral substances not elsewhere specified or includeds from Sri Lanka dropped sharply to 1 tons, waning by -99.2% on the previous year. Overall, exports showed a sharp slump. The pace of growth appeared the most rapid in 2021 when exports increased by 51%. As a result, the exports reached the peak of 129 tons, and then fell dramatically in the following year.
In value terms, exports of mineral substances not elsewhere specified or includeds fell remarkably to $3.1K in 2022. In general, exports showed a sharp decrease. The growth pace was the most rapid in 2021 with an increase of 194% against the previous year. As a result, the exports reached the peak of $50K, and then fell dramatically in the following year.
| Export of Mineral Substances Not Elsewhere Specified or Included in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Pakistan | N/A | N/A | N/A | 3.1 | 0% |
| Singapore | 24.5 | 15.8 | 46.2 | N/A | 37.3% |
| Japan | 0.4 | 0.3 | N/A | N/A | -25.0% |
| Others | 1.4 | 0.9 | 3.6 | N/A | 60.4% |
| Total | 26.2 | 16.9 | 49.8 | 3.1 | -50.9% |
Top Export Markets for Mineral Substances Not Elsewhere Specified or Included from Sri Lanka in 2022:
- Pakistan (1.0 tons)
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