Organo-Sulphur Compounds; Methionine Price in Sri Lanka - 2021
Contents:
- Organo-Sulphur Compounds; Methionine Price in Sri Lanka (CIF) - 2022
- Organo-Sulphur Compounds; Methionine Imports in Sri Lanka
Organo-Sulphur Compounds; Methionine Price in Sri Lanka (CIF) - 2022
The average organo-sulphur compounds; methionine import price stood at $2,389 per ton in 2022, which is down by -11.7% against the previous year. Over the period under review, the import price recorded a noticeable shrinkage. The growth pace was the most rapid in 2021 an increase of 33%. Over the period under review, average import prices hit record highs at $4,542 per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.
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 Spain ($7,905 per ton), while the price for Belgium ($1,895 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+8.2%), while the prices for the other major suppliers experienced a decline.
Organo-Sulphur Compounds; Methionine Imports in Sri Lanka
In 2022, after three years of growth, there was significant decline in overseas purchases of organo-sulphur compounds; methionines, when their volume decreased by -5.1% to 8.7K tons. The total import volume increased at an average annual rate of +5.6% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 11%. As a result, imports reached the peak of 9.2K tons, and then declined in the following year.
In value terms, organo-sulphur compounds; methionine imports fell rapidly to $21M in 2022. In general, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +11.1% 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 +37.0% against 2019 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 48%. As a result, imports reached the peak of $25M, and then contracted remarkably in the following year.
| Import of Organo-Sulphur Compounds; Methionine in Sri Lanka (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 4.4 | 6.6 | 8.3 | 7.7 | 20.5% |
| China | 0.9 | 0.8 | 5.1 | 4.7 | 73.5% |
| Japan | 1.6 | 1.9 | 4.3 | 3.9 | 34.6% |
| Malaysia | 1.8 | 2.9 | 1.8 | 1.9 | 1.8% |
| Belgium | 4.9 | 3.1 | 2.4 | 1.3 | -35.7% |
| France | 0.6 | 0.6 | 0.5 | 0.4 | -12.6% |
| Others | 1.1 | 0.9 | 2.4 | 1.0 | -3.1% |
| Total | 15.2 | 16.8 | 24.9 | 20.9 | 11.2% |
Top Suppliers of Organo-Sulphur Compounds; Methionine to Sri Lanka in 2022:
- Singapore (3.1K tons)
- China (1.8K tons)
- Japan (1.6K tons)
- Malaysia (1.0K tons)
- Belgium (0.7K tons)
- France (0.2K tons)
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