Price for Carbides, Whether or Not Chemically Defined in Sri Lanka - 2022

Price for Carbides, Whether or Not Chemically Defined in Sri Lanka (CIF) - 2022

In 2022, the average import price for carbides, whether or not chemically defineds amounted to $1,315 per ton, surging by 25% against the previous year. Over the period under review, the import price posted a buoyant increase. The growth pace was the most rapid in 2021 an increase of 41% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.

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 India ($1,494 per ton), while the price for Hong Kong SAR ($903 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovakia (+11.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Carbides, Whether or Not Chemically Defined in Sri Lanka (FOB) - 2022

In 2022, the average export price for carbides, whether or not chemically defineds amounted to $1,020 per ton, waning by -48.5% against the previous year. In general, the export price, however, recorded a strong increase. The most prominent rate of growth was recorded in 2016 an increase of 156%. Over the period under review, the average export prices hit record highs at $2,629 per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

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 China amounted to +185.0% per year.

Imports of Carbides, Whether or Not Chemically Defined in Sri Lanka

After two years of decline, supplies from abroad of carbides, whether or not chemically defineds increased by 24% to 1.9K tons in 2022. Over the period under review, imports, however, showed a deep slump.

In value terms, imports of carbides, whether or not chemically defineds skyrocketed to $2.5M in 2022. In general, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +15.8% 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 +80.1% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Carbides, Whether or Not Chemically Defined in Sri Lanka (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	1,054	861	1,019	2,083	25.5%
Hong Kong SAR	60.1	83.9	91.6	162	39.2%
Slovakia	189	145	85.2	117	-14.8%
India	83.4	58.4	69.8	78.1	-2.2%
Malaysia	121	131	127	N/A	2.4%
Others	90.5	99.9	202	42.6	-22.2%
Total	1,598	1,379	1,594	2,484	15.8%

Top Suppliers of Carbides, Whether or Not Chemically Defined to Sri Lanka in 2022:

China (1574.9 tons)
Hong Kong SAR (180.0 tons)
Slovakia (78.9 tons)
India (52.3 tons)

Exports of Carbides, Whether or Not Chemically Defined in Sri Lanka

In 2022, exports of carbides, whether or not chemically defineds from Sri Lanka skyrocketed to 250 kg, rising by 46% against the previous year's figure. In general, exports showed a significant expansion. The growth pace was the most rapid in 2020 when exports increased by 143%. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, exports of carbides, whether or not chemically defineds fell notably to $255 in 2022. Overall, exports enjoyed a strong increase. The most prominent rate of growth was recorded in 2020 with an increase of 130%. As a result, the exports reached the peak of $423. From 2021 to 2022, the growth of the exports of failed to regain momentum.