Price for Ethylene Polymers; Waste, Parings and Scrap in Sri Lanka - 2022

Contents:

1. Price for Ethylene Polymers; Waste, Parings and Scrap in Sri Lanka (CIF) - 2022
2. Price for Ethylene Polymers; Waste, Parings and Scrap in Sri Lanka (FOB) - 2022
3. Imports of Ethylene Polymers; Waste, Parings and Scrap in Sri Lanka
4. Exports of Ethylene Polymers; Waste, Parings and Scrap in Sri Lanka

Price for Ethylene Polymers; Waste, Parings and Scrap in Sri Lanka (CIF) - 2022

In 2022, the average import price for ethylene polymers; waste, parings and scraps amounted to $478 per ton, dropping by -8.1% against the previous year. Over the period under review, the import price recorded a slight decline. The pace of growth was the most pronounced in 2014 when the average import price increased by 38% against the previous year. As a result, import price attained the peak level of $998 per ton. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for India.

From 2012 to 2022, the rate of growth in terms of prices for the UK amounted to +7.8% per year.

Price for Ethylene Polymers; Waste, Parings and Scrap in Sri Lanka (FOB) - 2022

In 2022, the average export price for ethylene polymers; waste, parings and scraps amounted to $173 per ton, shrinking by -9% against the previous year. In general, the export price showed a abrupt descent. The pace of growth was the most pronounced in 2016 when the average export price increased by 63%. Over the period under review, the average export prices hit record highs at $461 per ton in 2012; however, from 2013 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 Malaysia ($286 per ton), while the average price for exports to India ($83 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 Malaysia (-3.9%), while the prices for the other major destinations experienced a decline.

Imports of Ethylene Polymers; Waste, Parings and Scrap in Sri Lanka

In 2022, approx. 44 tons of ethylene polymers; waste, parings and scraps were imported into Sri Lanka; with an increase of 11% compared with 2021. In general, imports enjoyed a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 75% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, imports of ethylene polymers; waste, parings and scraps expanded modestly to $21K in 2022. Overall, imports recorded significant growth. The growth pace was the most rapid in 2020 when imports increased by 110%. Imports peaked in 2022 and are likely to continue growth in the immediate term.

Top Suppliers of Ethylene Polymers; Waste, Parings and Scrap to Sri Lanka in 2022:

1. India (43.5 tons)

Exports of Ethylene Polymers; Waste, Parings and Scrap in Sri Lanka

In 2022, overseas shipments of ethylene polymers; waste, parings and scraps increased by 8.6% to 1.5 tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, continue to indicate a deep slump.

In value terms, exports of ethylene polymers; waste, parings and scraps shrank modestly to $257 in 2022. The total export value increased at an average annual rate of +1.7% over the period from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when exports increased by 3.7%.

Top Export Markets for Ethylene Polymers; Waste, Parings and Scrap from Sri Lanka in 2022:

1. China (1039.0 kg)
2. India (422.0 kg)
3. Malaysia (21.0 kg)

Source: IndexBox Market Intelligence Platform