Report Update: Apr 1, 2024

Sri Lanka - Phosphoric Acid and Polyphosphoric Acids - Market Analysis, Forecast, Size, Trends And Insights

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Phosphoric Acid Price in Sri Lanka - 2021

Phosphoric Acid Price in Sri Lanka (CIF) - 2022

The average phosphoric acid import price stood at $999 per ton in 2022, rising by 1.6% against the previous year. In general, the import price, however, continues to indicate a perceptible contraction. The pace of growth was the most pronounced in 2019 an increase of 14% against the previous year. The import price peaked at $1,338 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 Belgium ($1,754 per ton), while the price for South Korea ($426 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+2.1%), while the prices for the other major suppliers experienced a decline.

Phosphoric Acid Price in Sri Lanka (FOB) - 2022

The average phosphoric acid export price stood at $2,764 per ton in 2022, surging by 1.9% against the previous year. Overall, the export price recorded a buoyant increase. The most prominent rate of growth was recorded in 2018 when the average export price increased by 28%. Over the period under review, the average export prices attained the peak figure at $2,827 per ton in 2020; afterwards, it flattened through to 2022.

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 +11.9% per year.

Phosphoric Acid Imports in Sri Lanka

In 2022, the amount of phosphoric acid and polyphosphoric acids imported into Sri Lanka reduced modestly to 333 tons, falling by -2.5% on the previous year's figure. In general, imports saw a pronounced decline. The pace of growth was the most pronounced in 2021 when imports increased by 5.3%.

In value terms, phosphoric acid imports dropped to $333K in 2022. Overall, imports saw a slight curtailment. The pace of growth was the most pronounced in 2021 with an increase of 2% against the previous year.

Import of Phosphoric Acid in Sri Lanka (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	173	174	137	192	3.5%
India	37.6	23.7	45.4	36.2	-1.3%
Taiwan (Chinese)	34.5	57.7	40.6	28.5	-6.2%
Belgium	16.6	11.5	26.3	20.1	6.6%
Hong Kong SAR	6.3	3.3	24.6	17.1	39.5%
South Korea	41.3	14.3	20.7	16.3	-26.6%
Singapore	12.9	15.4	16.5	13.6	1.8%
Others	20.7	29.0	24.7	8.5	-25.7%
Total	343	329	336	333	-1.0%

Top Suppliers of Phosphoric Acid to Sri Lanka in 2022:

China (151.5 tons)
Taiwan (Chinese) (53.3 tons)
South Korea (38.3 tons)
India (31.0 tons)
Hong Kong SAR (25.5 tons)
Singapore (21.2 tons)
Belgium (11.4 tons)

Phosphoric Acid Exports in Sri Lanka

In 2022, the amount of phosphoric acid and polyphosphoric acids exported from Sri Lanka dropped to 165 kg, reducing by -5.2% against the previous year's figure. Overall, exports saw a deep slump. The most prominent rate of growth was recorded in 2021 with an increase of 12% against the previous year.

In value terms, phosphoric acid exports declined to $456 in 2022. Over the period under review, exports continue to indicate a perceptible setback. The most prominent rate of growth was recorded in 2021 with an increase of 7% against the previous year.

Export of Phosphoric Acid in Sri Lanka (USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Maldives	164	384	472	456	40.6%
Others	340	57.0	N/A	N/A	-83.2%
Total	504	441	472	456	-3.3%

Top Export Markets for Phosphoric Acid from Sri Lanka in 2022:

Maldives (165.0 kg)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the phosphoric 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 20132455 - Phosphoric acid and polyphosphoric acids

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:

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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
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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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023