Sri Lanka - Acrylic Polymers (In Primary Forms) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingAcrylic Polymer Price in Sri Lanka - 2021
Contents:
- Acrylic Polymer Price in Sri Lanka (CIF) - 2022
- Acrylic Polymer Price in Sri Lanka (FOB) - 2022
- Acrylic Polymer Imports in Sri Lanka
- Acrylic Polymer Exports in Sri Lanka
Acrylic Polymer Price in Sri Lanka (CIF) - 2022
In 2022, the average acrylic polymer import price amounted to $2,179 per ton, dropping by -4.2% against the previous year. Over the last decade, it increased at an average annual rate of +2.3%. The most prominent rate of growth was recorded in 2021 when the average import price increased by 29%. As a result, import price reached the peak level of $2,276 per ton, and then contracted slightly in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($5,011 per ton), while the price for the United Arab Emirates ($1,160 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+15.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Acrylic Polymer Price in Sri Lanka (FOB) - 2022
In 2022, the average acrylic polymer export price amounted to $2,080 per ton, which is down by -18.6% against the previous year. Over the period under review, the export price continues to indicate a noticeable setback. The most prominent rate of growth was recorded in 2016 when the average export price increased by 23% against the previous year. Over the period under review, the average export prices hit record highs at $4,072 per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($3,284 per ton), while the average price for exports to Bangladesh ($883 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+17.9%), while the prices for the other major destinations experienced mixed trend patterns.
Acrylic Polymer Imports in Sri Lanka
In 2022, supplies from abroad of acrylic polymers (in primary forms) decreased by -25.9% to 9.3K tons for the first time since 2018, thus ending a three-year rising trend. Overall, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +5.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +17.3% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 45% against the previous year. As a result, imports reached the peak of 13K tons, and then dropped notably in the following year.
In value terms, acrylic polymer imports fell sharply to $20M in 2022. Over the period under review, imports, however, recorded a strong increase. The most prominent rate of growth was recorded in 2021 when imports increased by 87%. As a result, imports attained the peak of $29M, and then fell remarkably in the following year.
Import of Acrylic Polymer in Sri Lanka (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
India | 3.4 | 4.2 | 7.8 | 8.4 | 35.2% |
Italy | 1.5 | 1.3 | 2.9 | 1.9 | 8.2% |
China | 0.9 | 1.0 | 1.5 | 1.7 | 23.6% |
United States | 0.2 | 0.3 | 0.6 | 0.9 | 65.1% |
United Arab Emirates | N/A | N/A | N/A | 0.8 | 0% |
Germany | 0.9 | 0.6 | 0.6 | 0.8 | -3.9% |
Malaysia | 1.5 | 1.3 | 1.7 | 0.7 | -22.4% |
Singapore | 0.3 | 0.4 | 0.5 | 0.6 | 26.0% |
United Kingdom | 0.2 | 0.4 | 0.6 | 0.6 | 44.2% |
South Korea | 0.2 | 0.3 | 0.6 | 0.6 | 44.2% |
Thailand | 0.5 | 0.5 | 0.9 | 0.5 | 0.0% |
Taiwan (Chinese) | 0.4 | 0.2 | 0.4 | 0.4 | 0.0% |
Vietnam | 0.1 | 0.1 | 0.2 | 0.4 | 58.7% |
Others | 5.2 | 4.6 | 10.1 | 2.1 | -26.1% |
Total | 15.3 | 15.2 | 28.5 | 20.2 | 9.7% |
Top Suppliers of Acrylic Polymer to Sri Lanka in 2022:
- India (4959.0 tons)
- China (814.2 tons)
- United Arab Emirates (661.8 tons)
- Italy (461.9 tons)
- South Korea (320.6 tons)
- Malaysia (268.8 tons)
- Singapore (256.2 tons)
- Germany (202.6 tons)
- United States (177.1 tons)
- Taiwan (Chinese) (160.7 tons)
- United Kingdom (156.3 tons)
- Vietnam (140.3 tons)
- Thailand (132.3 tons)
Acrylic Polymer Exports in Sri Lanka
In 2022, exports of acrylic polymers (in primary forms) from Sri Lanka skyrocketed to 236 tons, rising by 48% against 2021. Over the period under review, exports recorded a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, acrylic polymer exports skyrocketed to $490K in 2022. Overall, exports saw a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 42% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.
Export of Acrylic Polymer in Sri Lanka (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
India | 42.5 | 8.1 | 219 | 341 | 100.2% |
Bangladesh | 13.4 | 1.2 | 93.0 | 95.7 | 92.6% |
Indonesia | 46.2 | 1.0 | 43.3 | 35.8 | -8.1% |
Malaysia | 23.7 | 6.1 | 6.3 | N/A | -48.4% |
Oman | N/A | 267 | N/A | N/A | 0% |
Singapore | 22.6 | 2.4 | 12.9 | N/A | -24.4% |
Others | 57.2 | 2.4 | 32.8 | 18.1 | -31.9% |
Total | 206 | 288 | 407 | 490 | 33.5% |
Top Export Markets for Acrylic Polymer from Sri Lanka in 2022:
- Bangladesh (108.3 tons)
- India (103.8 tons)
- Indonesia (19.8 tons)
This report provides an in-depth analysis of the acrylic polymer 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 20165350 - Polymethyl methacrylate, in primary forms
- Prodcom 20165390 - Acrylic polymers, in primary forms (excluding polymethyl methacrylate)
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
This report provides an in-depth analysis of the acrylic polymer market in Sri Lanka.
This report provides an in-depth analysis of the polymethyl methacrylate market in Sri Lanka.
This report provides an in-depth analysis of the market for acrylic polymers, in primary forms (excluding polymethyl methacrylate) in Sri Lanka.
This report provides an in-depth analysis of the global acrylic polymer market.
This report provides an in-depth analysis of the global polymethyl methacrylate market.
This report provides an in-depth analysis of the global market for acrylic polymers, in primary forms (excluding polymethyl methacrylate).
This report provides an in-depth analysis of the acrylic polymer market in Sri Lanka.
This report provides an in-depth analysis of the polymethyl methacrylate market in Sri Lanka.
This report provides an in-depth analysis of the market for acrylic polymers, in primary forms (excluding polymethyl methacrylate) in Sri Lanka.
This report provides an in-depth analysis of the global acrylic polymer market.
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