Price for Lecithins and Other Phosphoaminolipids in Sri Lanka - 2022

Contents:

1. Price for Lecithins and Other Phosphoaminolipids in Sri Lanka (CIF) - 2022
2. Price for Lecithins and Other Phosphoaminolipids in Sri Lanka (FOB) - 2022
3. Imports of Lecithins and Other Phosphoaminolipids in Sri Lanka
4. Exports of Lecithins and Other Phosphoaminolipids in Sri Lanka

Price for Lecithins and Other Phosphoaminolipids in Sri Lanka (CIF) - 2022

In 2022, the average lecithins and other phosphoaminolipids import price amounted to $2,142 per ton, surging by 52% against the previous year. Over the last decade, it increased at an average annual rate of +5.5%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 ($3,102 per ton), while the price for Singapore ($1,333 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+16.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Lecithins and Other Phosphoaminolipids in Sri Lanka (FOB) - 2022

The average lecithins and other phosphoaminolipids export price stood at $2,000 per ton in 2022, growing by 6.5% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 9.8%. The export price peaked at $2,406 per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($2,000 per ton), while the average price for exports to Italy totaled $2,000 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (-0.4%).

Imports of Lecithins and Other Phosphoaminolipids in Sri Lanka

After three years of growth, overseas purchases of lecithins and other phosphoaminolipidses decreased by -10% to 637 tons in 2022. The total import volume increased at an average annual rate of +6.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 17% against the previous year. As a result, imports reached the peak of 708 tons, and then shrank in the following year.

In value terms, lecithins and other phosphoaminolipids imports surged to $1.4M in 2022. Overall, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +15.9% 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 +55.8% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Lecithins and Other Phosphoaminolipids to Sri Lanka in 2022:

1. China (319.3 tons)
2. India (102.7 tons)
3. Germany (79.4 tons)
4. Netherlands (64.0 tons)
5. Brazil (39.2 tons)
6. United States (16.3 tons)
7. Singapore (16.0 tons)

Exports of Lecithins and Other Phosphoaminolipids in Sri Lanka

In 2022, shipments abroad of lecithins and other phosphoaminolipidses decreased by -99.9% to 3 kg, falling for the second consecutive year after two years of growth. Over the period under review, exports recorded a dramatic shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of 248% against the previous year. As a result, the exports reached the peak of 3.5 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, lecithins and other phosphoaminolipids exports declined rapidly to $6 in 2022. Overall, exports faced a sharp reduction. The pace of growth appeared the most rapid in 2020 when exports increased by 175%. As a result, the exports reached the peak of $6.6K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Top Export Markets for Lecithins and Other Phosphoaminolipids from Sri Lanka in 2022:

1. Netherlands (2.0 kg)
2. Italy (1.0 kg)

Source: IndexBox Market Intelligence Platform