Price for Pectic Substances; Pectinates and Pectates in Sri Lanka - 2021

Contents:

1. Price for Pectic Substances; Pectinates and Pectates in Sri Lanka (CIF) - 2022
2. Price for Pectic Substances; Pectinates and Pectates in Sri Lanka (FOB) - 2022
3. Imports of Pectic Substances; Pectinates and Pectates in Sri Lanka
4. Exports of Pectic Substances; Pectinates and Pectates in Sri Lanka

Price for Pectic Substances; Pectinates and Pectates in Sri Lanka (CIF) - 2022

In 2022, the average import price for pectic substances; pectinates and pectateses amounted to $11,790 per ton, with an increase of 5.2% against the previous year. Over the last decade, it increased at an average annual rate of +1.6%. The growth pace was the most rapid in 2016 when the average import price increased by 18% against the previous year. The import price peaked at $13,837 per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the Czech Republic ($13,369 per ton) and Brazil ($13,054 per ton), while the price for China ($9,109 per ton) and Germany ($10,126 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+4.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Pectic Substances; Pectinates and Pectates in Sri Lanka (FOB) - 2022

The average export price for pectic substances; pectinates and pectateses stood at $19,627 per ton in 2022, increasing by 7.3% against the previous year. Over the period under review, export price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, pectic substances; pectinates and pectates export price increased by +97.3% against 2019 indices. The growth pace was the most rapid in 2020 when the average export price increased by 45% against the previous year. Over the period under review, the average export prices hit record highs at $19,855 per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($20,060 per ton), while the average price for exports to Germany amounted to $7,579 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+37.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Pectic Substances; Pectinates and Pectates in Sri Lanka

In 2022, after three years of growth, there was significant decline in supplies from abroad of pectic substances; pectinates and pectateses, when their volume decreased by -24.1% to 67 tons. Over the period under review, imports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 198%.

In value terms, pectic substances; pectinates and pectates imports plummeted to $789K in 2022. In general, imports, however, continue to indicate significant growth. The growth pace was the most rapid in 2020 when imports increased by 184% against the previous year.

Top Suppliers of Pectic Substances; Pectinates and Pectates to Sri Lanka in 2022:

1. Italy (21.4 tons)
2. Czech Republic (16.1 tons)
3. China (15.9 tons)
4. Brazil (10.8 tons)
5. Germany (2.5 tons)

Exports of Pectic Substances; Pectinates and Pectates in Sri Lanka

In 2022, overseas shipments of pectic substances; pectinates and pectateses decreased by -49.9% to 25 tons, falling for the second year in a row after two years of growth. In general, exports saw a abrupt slump. The pace of growth was the most pronounced in 2020 with an increase of 60%. As a result, the exports reached the peak of 67 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, pectic substances; pectinates and pectates exports contracted sharply to $500K in 2022. Over the period under review, exports, however, continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2020 with an increase of 132%. As a result, the exports reached the peak of $963K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Top Export Markets for Pectic Substances; Pectinates and Pectates from Sri Lanka in 2022:

1. Malaysia (24.6 tons)
2. Germany (0.5 tons)

Source: IndexBox Market Intelligence Platform