Selenium Price in Sri Lanka - 2021
Contents:
- Selenium Price in Sri Lanka (CIF) - 2022
- Selenium Price in Sri Lanka (FOB) - 2022
- Selenium Imports in Sri Lanka
- Selenium Exports in Sri Lanka
Selenium Price in Sri Lanka (CIF) - 2022
In 2022, the average selenium import price amounted to $80,656 per ton, jumping by 544% against the previous year. Overall, the import price enjoyed a buoyant expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
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 Poland ($83,598 per ton), while the price for Singapore ($24,917 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Democratic People's Republic of Korea (-1.6%), while the prices for the other major suppliers experienced a decline.
Selenium Price in Sri Lanka (FOB) - 2022
In 2022, the average selenium export price amounted to $10,404 per ton, declining by -28.4% against the previous year. Overall, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of 69% against the previous year. Over the period under review, the average export prices hit record highs at $14,534 per ton in 2021, and then fell remarkably in the following year.
As there is only one major export destination, the average price level is determined by prices for Maldives.
From 2012 to 2022, the rate of growth in terms of prices for Maldives amounted to -0.1% per year.
Selenium Imports in Sri Lanka
In 2022, the amount of selenia imported into Sri Lanka reduced rapidly to 191 kg, declining by -79.5% against 2021. In general, imports recorded a dramatic descent. The pace of growth was the most pronounced in 2021 with an increase of 10%.
In value terms, selenium imports skyrocketed to $15K in 2022. Over the period under review, imports continue to indicate a abrupt descent.
| Import of Selenium in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 2.5 | 2.0 | 1.0 | 14.5 | 79.7% |
| Singapore | 0.1 | 1.9 | 1.2 | 0.4 | 58.7% |
| Democratic People's Republic of Korea | 14.3 | 6.1 | 4.6 | N/A | -43.3% |
| Others | 7.8 | 6.6 | 4.9 | 0.5 | -60.0% |
| Total | 24.7 | 16.5 | 11.7 | 15.4 | -14.6% |
Top Suppliers of Selenium to Sri Lanka in 2022:
- Poland (173.0 kg)
- Singapore (17.0 kg)
Selenium Exports in Sri Lanka
In 2022, approx. 89 kg of selenia were exported from Sri Lanka; rising by 16% on the previous year. The total export volume increased at an average annual rate of +14.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 when exports increased by 32%. The exports peaked in 2022 and are likely to continue growth in years to come.
In value terms, selenium exports dropped rapidly to $926 in 2022. Over the period under review, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 122% against the previous year.
| Export of Selenium in Sri Lanka (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Maldives | 327 | 726 | 239 | 926 | 41.5% |
| Sweden | N/A | N/A | 459 | N/A | 0% |
| Others | N/A | N/A | 427 | N/A | 0% |
| Total | 327 | 726 | 1,125 | 926 | 41.5% |
Top Export Markets for Selenium from Sri Lanka in 2022:
- Maldives (89.0 kg)
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