Price for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Sri Lanka - 2022
Contents:
- Price for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Sri Lanka (CIF) - 2022
- Price for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Sri Lanka (FOB) - 2022
- Imports of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Sri Lanka
- Exports of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Sri Lanka
Price for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Sri Lanka (CIF) - 2022
The average import price for petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s stood at $771 per ton in 2022, increasing by 33% against the previous year. In general, the import price, however, saw a abrupt contraction. The growth pace was the most rapid in 2021 when the average import price increased by 65% against the previous year. The import price peaked at $1,343 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Malaysia ($867 per ton) and Oman ($762 per ton), while the price for China ($646 per ton) and Singapore ($714 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (-4.3%), while the prices for the other major suppliers experienced a decline.
Price for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Sri Lanka (FOB) - 2022
In 2022, the average export price for petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s amounted to $6,000 per ton, with an increase of 764% against the previous year. In general, the export price showed a significant expansion. 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 Canada.
From 2012 to 2022, the rate of growth in terms of prices for Canada amounted to +162.2% per year.
Imports of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Sri Lanka
In 2022, approx. 1.1M tons of petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s were imported into Sri Lanka; dropping by -10.1% on the previous year. Over the period under review, imports recorded a noticeable downturn. The most prominent rate of growth was recorded in 2021 with an increase of 11% against the previous year. As a result, imports attained the peak of 1.2M tons, and then dropped in the following year.
In value terms, imports of petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s soared to $829M in 2022. In general, imports, however, continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 84% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Sri Lanka (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 37.3 | 28.1 | 316 | 378 | 116.4% |
| Malaysia | 274 | 132 | 98.3 | 187 | -12.0% |
| Singapore | 206 | 143 | 129 | 107 | -19.6% |
| United Arab Emirates | 57.6 | 30.3 | 108 | 79.5 | 11.3% |
| Oman | 5.9 | 11.7 | 3.6 | 54.0 | 109.2% |
| China | 38.5 | 14.0 | 17.3 | 21.6 | -17.5% |
| Taiwan (Chinese) | 16.4 | 16.8 | 19.1 | N/A | 7.9% |
| Others | 1.3 | 1.1 | 1.4 | 1.4 | 2.5% |
| Total | 637 | 377 | 692 | 829 | 9.2% |
Top Suppliers of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** to Sri Lanka in 2022:
- India (496.9K tons)
- Malaysia (215.5K tons)
- Singapore (149.5K tons)
- United Arab Emirates (107.2K tons)
- Oman (70.9K tons)
- China (33.5K tons)
Exports of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Sri Lanka
In 2022, overseas shipments of petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s decreased by 99.9% to 3 kg, falling for the second year in a row after two years of growth. Overall, exports continue to indicate a precipitous decrease. The pace of growth appeared the most rapid in 2020 with an increase of 139%. As a result, the exports reached the peak of 114K tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of petroleum spirit for motor vehicles **LEGACY NON-WCO CODE**s fell rapidly to $18 in 2022. In general, exports continue to indicate a significant decrease. The pace of growth was the most pronounced in 2020 with an increase of 111%.
| Export of Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** in Sri Lanka (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | N/A | 15.7 | 16.5 | N/A | 5.1% |
| Thailand | 5.6 | 16.1 | 12.3 | N/A | 48.2% |
| Malaysia | 3.3 | N/A | 11.8 | N/A | 89.1% |
| India | 3.8 | 12.1 | 22.5 | N/A | 143.3% |
| Japan | 5.5 | 9.3 | 3.7 | N/A | -18.0% |
| Philippines | 4.5 | N/A | N/A | N/A | 0% |
| Singapore | 5.6 | 6.3 | 4.7 | N/A | -8.4% |
| Canada | N/A | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | 0.1 | N/A | 0% |
| Total | 28.2 | 59.5 | 71.5 | N/A | 59.2% |
Top Export Markets for Petroleum Spirit for Motor Vehicles **LEGACY NON-WCO CODE** from Sri Lanka in 2022:
- Canada (3.0 kg)
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