Price for Sulphites; Other than of Sodium in Sri Lanka - 2022

Price for Sulphites; Other than of Sodium in Sri Lanka (FOB) - 2022

In 2022, the average export price for sulphites; other than of sodia amounted to $2,781 per ton, declining by -10.5% against the previous year. Overall, the export price, however, recorded strong growth. The pace of growth was the most pronounced in 2017 when the average export price increased by 61%. The export price peaked at $3,108 per ton in 2021, and then reduced in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Bangladesh ($2,898 per ton), while the average price for exports to Ethiopia stood at $804 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bangladesh (+18.7%).

Price for Sulphites; Other than of Sodium in Sri Lanka (CIF) - 2022

The average import price for sulphites; other than of sodia stood at $753 per ton in 2022, picking up by 7% against the previous year. Over the period under review, the import price, however, saw a perceptible downturn. The growth pace was the most rapid in 2014 when the average import price increased by 48% against the previous year. Over the period under review, average import prices attained the maximum at $1,562 per ton in 2016; however, from 2017 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 Germany ($991 per ton), while the price for Hong Kong SAR ($521 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+0.1%), while the prices for the other major suppliers experienced a decline.

Exports of Sulphites; Other than of Sodium in Sri Lanka

In 2022, exports of sulphites; other than of sodia from Sri Lanka skyrocketed to 170 tons, with an increase of 195% against 2021 figures. Over the period under review, exports recorded a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, sulphites; other than of sodium exports surged to $472K in 2022. Overall, exports saw a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Export of Sulphites; Other than of Sodium in Sri Lanka (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Bangladesh	45.5	89.3	179	461	116.4%
Ethiopia	N/A	N/A	N/A	7.2	0%
Others	0.1	0.1	0.1	3.3	220.8%
Total	45.5	89.4	179	472	118.1%

Top Export Markets for Sulphites; Other than of Sodium from Sri Lanka in 2022:

Bangladesh (159.2 tons)
Ethiopia (9.0 tons)

Imports of Sulphites; Other than of Sodium in Sri Lanka

For the fourth year in a row, Sri Lanka recorded growth in overseas purchases of sulphites; other than of sodia, which increased by 71% to 405 tons in 2022. Overall, imports recorded significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 254% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, sulphites; other than of sodium imports surged to $305K in 2022. Over the period under review, imports saw a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 183%. Imports peaked in 2022 and are expected to retain growth in years to come.

Import of Sulphites; Other than of Sodium in Sri Lanka (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	5.1	5.6	27.9	103	172.3%
India	1.9	19.7	39.0	98.8	273.3%
China	21.4	45.1	44.3	68.3	47.2%
Hong Kong SAR	0.1	1.3	3.7	28.2	555.8%
Taiwan (Chinese)	2.8	14.8	22.2	N/A	181.6%
Others	3.2	11.5	29.4	6.7	27.9%
Total	34.6	97.9	167	305	106.6%