Sri Lanka - Salicylic Acid And Its Salts - Market Analysis, Forecast, Size, Trends And Insights
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View PricingSalicylic Acid Price in Sri Lanka - 2021
Contents:
- Salicylic Acid Price in Sri Lanka (CIF) - 2022
- Salicylic Acid Price in Sri Lanka (FOB) - 2022
- Salicylic Acid Imports in Sri Lanka
- Salicylic Acid Exports in Sri Lanka
Salicylic Acid Price in Sri Lanka (CIF) - 2022
The average salicylic acid import price stood at $5,662 per ton in 2021, with an increase of 3.4% against the previous year. Over the period under review, import price indicated a modest expansion from 2012 to 2021: its price increased at an average annual rate of +1.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, salicylic acid import price increased by +102.2% against 2017 indices. The most prominent rate of growth was recorded in 2018 an increase of 71%. The import price peaked in 2021 and is likely to continue growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was India ($5,694 per ton), while the price for China amounted to $4,666 per ton.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+1.5%).
Salicylic Acid Price in Sri Lanka (FOB) - 2022
The average salicylic acid export price stood at $443 per ton in 2021, waning by -13.5% against the previous year. In general, the export price faced a abrupt decline. The pace of growth was the most pronounced in 2020 when the average export price decreased by -13.5%. The export price peaked at $2,043 per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Maldives.
From 2012 to 2021, the rate of growth in terms of prices for Maldives amounted to -12.1% per year.
Salicylic Acid Imports in Sri Lanka
Salicylic acid imports into Sri Lanka soared to 17 tons in 2022, with an increase of 58% compared with the previous year's figure. Overall, imports saw a significant increase. The pace of growth appeared the most rapid in 2020 when imports increased by 173%. As a result, imports reached the peak of 23 tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, salicylic acid imports skyrocketed to $92K in 2022. Over the period under review, imports showed a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 186% against the previous year. As a result, imports attained the peak of $125K. From 2021 to 2022, the growth of imports failed to regain momentum.
Import of Salicylic Acid in Sri Lanka (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
India | 26.8 | 84.2 | 44.7 | 29.1% | |
China | 7.0 | 21.9 | 12.6 | 34.2% | |
Others | 9.9 | 18.8 | 2.5 | -49.7% | |
Total | 43.6 | 125 | 59.8 | 17.1% |
Top Suppliers of Salicylic Acid to Sri Lanka in 2022:
- India (7.8 tons)
- China (2.7 tons)
Salicylic Acid Exports in Sri Lanka
After three years of growth, shipments abroad of salicylic acid and its salts decreased by -8% to 4.5 tons in 2022. The total export volume increased at an average annual rate of +9.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 19% against the previous year. As a result, the exports attained the peak of 4.9 tons, and then reduced in the following year.
In value terms, salicylic acid exports contracted modestly to $2.1K in 2022. The total export value increased at an average annual rate of +1.5% from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2020 when exports increased by 3.1% against the previous year.
Export of Salicylic Acid in Sri Lanka (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
Maldives | 2.0 | 2.1 | 2.1 | 2.5% | |
Others | N/A | N/A | 0.1 | 0% | |
Total | 2.0 | 2.1 | 2.2 | 4.9% |
Top Export Markets for Salicylic Acid from Sri Lanka in 2022:
- Maldives (3.1 tons)
This report provides an in-depth analysis of the salicylic acid market in Sri Lanka. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 21101030 - Salicylic acid and its salts
Country coverage:
- Sri Lanka
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Sri Lanka
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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