Sri Lanka - Nitric Acid And Sulphonitric Acids - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Nitric and Sulphonitric Acids in Sri Lanka - 2021
Contents:
- Price for Nitric and Sulphonitric Acids in Sri Lanka (CIF) - 2022
- Price for Nitric and Sulphonitric Acids in Sri Lanka (FOB) - 2022
- Imports of Nitric and Sulphonitric Acids in Sri Lanka
- Exports of Nitric and Sulphonitric Acids in Sri Lanka
Price for Nitric and Sulphonitric Acids in Sri Lanka (CIF) - 2022
In 2021, the average nitric and sulphonitric acids import price amounted to $569 per ton, jumping by 42% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.5%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was South Korea ($572 per ton), while the price for India amounted to $568 per ton.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+2.9%).
Price for Nitric and Sulphonitric Acids in Sri Lanka (FOB) - 2022
In 2021, the average nitric and sulphonitric acids export price amounted to $1,079 per ton, growing by 7.9% against the previous year. In general, the export price recorded pronounced growth. The most prominent rate of growth was recorded in 2020 an increase of 20% against the previous year. The export price peaked in 2021 and is expected to retain growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for Maldives.
From 2012 to 2021, the rate of growth in terms of prices for Maldives amounted to +3.4% per year.
Imports of Nitric and Sulphonitric Acids in Sri Lanka
In 2022, after three years of growth, there was significant decline in supplies from abroad of nitric acid and sulphonitric acids, when their volume decreased by -8.4% to 2.2K tons. The total import volume increased at an average annual rate of +7.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 20%. As a result, imports attained the peak of 2.4K tons, and then contracted in the following year.
In value terms, nitric and sulphonitric acids imports declined notably to $1.1M in 2022. Overall, imports, however, saw a buoyant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 71% against the previous year. As a result, imports reached the peak of $1.3M, and then dropped notably in the following year.
| Import of Nitric and Sulphonitric Acids in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| South Korea | 294 | 255 | 679 | 52.0% | |
| India | 296 | 404 | 598 | 42.1% | |
| China | 14.9 | 21.9 | 13.7 | -4.1% | |
| Thailand | 29.3 | 30.1 | 12.1 | -35.7% | |
| Germany | 23.2 | 36.0 | 4.2 | -57.5% | |
| Others | 32.4 | 37.0 | 33.4 | 1.5% | |
| Total | 690 | 784 | 1,340 | 39.4% | |
Top Suppliers of Nitric and Sulphonitric Acids to Sri Lanka in 2022:
- South Korea (1185.8 tons)
- India (1053.0 tons)
- China (28.0 tons)
- Thailand (23.3 tons)
- Germany (13.9 tons)
Exports of Nitric and Sulphonitric Acids in Sri Lanka
In 2022, approx. 106 kg of nitric acid and sulphonitric acids were exported from Sri Lanka; waning by -40.1% compared with the previous year's figure. Overall, exports, however, continue to indicate resilient growth. The pace of growth was the most pronounced in 2021 with an increase of 406%. As a result, the exports attained the peak of 177 kg, and then contracted markedly in the following year.
In value terms, nitric and sulphonitric acids exports fell dramatically to $113 in 2022. Over the period under review, exports, however, continue to indicate a significant increase. The growth pace was the most rapid in 2021 when exports increased by 446%. As a result, the exports attained the peak of $191, and then shrank dramatically in the following year.
| Export of Nitric and Sulphonitric Acids in Sri Lanka (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| Maldives | 60.0 | 35.0 | 191 | 78.4% | |
| Others | N/A | N/A | N/A | 0% | |
| Total | 60.0 | 35.0 | 191 | 78.4% | |
Top Export Markets for Nitric and Sulphonitric Acids from Sri Lanka in 2022:
- Maldives (177.0 kg)
This report provides an in-depth analysis of the market for nitric and sulphonitric acids 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 20151050 - Nitric acid, sulphonitric 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:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
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
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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This report provides an in-depth analysis of the market for nitric and sulphonitric acids in Sri Lanka.
765
This report provides an in-depth analysis of the global market for nitric and sulphonitric acids.
680
This report provides an in-depth analysis of the market for nitric and sulphonitric acids in Sri Lanka.
765
This report provides an in-depth analysis of the global market for nitric and sulphonitric acids.
889
In value terms, nitric acids and sulphonitric acids imports totaled $X in 2016. The total import value increased at an average annual rate of +X% from 2007 to 2016; the trend pattern indicated so...
1416
In value terms, nitric acids and sulphonitric acids exports amounted to $X in 2016. The total export value increased at an average annual rate of +X% over the period from 2007 to 2016; the trend ...
889
In value terms, nitric acids and sulphonitric acids imports totaled $X in 2016. The total import value increased at an average annual rate of +X% from 2007 to 2016; the trend pattern indicated so...
1416
In value terms, nitric acids and sulphonitric acids exports amounted to $X in 2016. The total export value increased at an average annual rate of +X% over the period from 2007 to 2016; the trend ...
