Price for Aluminium; Powders and Flakes in Sri Lanka - 2021

Price for Aluminium; Powders and Flakes in Sri Lanka (CIF) - 2022

In 2022, the average aluminium; powders and flakes import price amounted to $5,045 per ton, rising by 15% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.3%. The pace of growth appeared the most rapid in 2021 when the average import price increased by 26% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($5,049 per ton), while the price for China stood at $5,019 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+2.2%).

Price for Aluminium; Powders and Flakes in Sri Lanka (FOB) - 2022

In 2022, the average aluminium; powders and flakes export price amounted to $2,318 per ton, remaining constant against the previous year. Overall, the export price posted a measured increase. The growth pace was the most rapid in 2020 when the average export price decreased by -12.4% against the previous year. The export price peaked at $2,647 per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Maldives ($6,000 per ton), while the average price for exports to Malaysia stood at $2,304 per ton.

From 2016 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Maldives (+21.7%).

Imports of Aluminium; Powders and Flakes in Sri Lanka

Aluminium; powders and flakes imports into Sri Lanka declined dramatically to 75 tons in 2022, waning by -44.3% compared with 2021. Over the period under review, imports continue to indicate a drastic downturn. The pace of growth appeared the most rapid in 2021 when imports increased by 111%. As a result, imports attained the peak of 135 tons, and then contracted remarkably in the following year.

In value terms, aluminium; powders and flakes imports contracted dramatically to $378K in 2022. In general, imports recorded a noticeable curtailment. The growth pace was the most rapid in 2021 with an increase of 164% against the previous year. As a result, imports reached the peak of $588K, and then fell rapidly in the following year.

Import of Aluminium; Powders and Flakes in Sri Lanka (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
India	415	216	575	319	-8.4%
China	6.0	0.1	5.7	58.7	113.9%
Others	9.0	6.1	7.7	N/A	-7.5%
Total	430	223	588	378	-4.2%

Top Suppliers of Aluminium; Powders and Flakes to Sri Lanka in 2022:

India (63.2 tons)
China (11.7 tons)

Exports of Aluminium; Powders and Flakes in Sri Lanka

In 2022, shipments abroad of aluminium; powders and flakeses decreased by 0% to 626 kg, falling for the second consecutive year after two years of growth. Over the period under review, exports showed significant growth. The pace of growth was the most pronounced in 2020 when exports increased by 7,259%. As a result, the exports attained the peak of 1.3 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, aluminium; powders and flakes exports stood at $1.5K in 2022. In general, exports enjoyed significant growth. The pace of growth was the most pronounced in 2020 when exports increased by 6,347%. As a result, the exports attained the peak of $2.9K. From 2021 to 2022, the growth of the exports failed to regain momentum.