Quartzite Price in Sri Lanka - 2021

Contents:

  1. Quartzite Price in Sri Lanka (CIF) - 2022
  2. Quartzite Price in Sri Lanka (FOB) - 2022
  3. Quartzite Imports in Sri Lanka
  4. Quartzite Exports in Sri Lanka

Quartzite Price in Sri Lanka (CIF) - 2022

In 2022, the average quartzite import price amounted to $107 per ton, growing by 11% against the previous year. In general, the import price, however, showed a abrupt shrinkage. The growth pace was the most rapid in 2014 an increase of 24% against the previous year. The import price peaked at $236 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 India amounted to +2.4% per year.

Quartzite Price in Sri Lanka (FOB) - 2022

The average quartzite export price stood at $343 per ton in 2022, growing by 4.4% against the previous year. Over the period under review, export price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, quartzite export price decreased by -3.4% against 2020 indices. The pace of growth was the most pronounced in 2016 when the average export price increased by 21% against the previous year. Over the period under review, the average export prices hit record highs at $355 per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($572 per ton), while the average price for exports to South Korea amounted to $333 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+7.3%).

Quartzite Imports in Sri Lanka

Quartzite imports into Sri Lanka dropped to 2.4K tons in 2022, waning by -13.7% against the previous year's figure. Overall, imports saw a abrupt curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 38%.

In value terms, quartzite imports contracted to $254K in 2022. Over the period under review, imports showed a abrupt downturn. The most prominent rate of growth was recorded in 2021 with an increase of 10% against the previous year.

Import of Quartzite in Sri Lanka (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
India309230260248-7.1%
Others20.612.16.06.6-31.6%
Total330242266254-8.4%

Top Suppliers of Quartzite to Sri Lanka in 2022:

  1. India (2.4K tons)

Quartzite Exports in Sri Lanka

After two years of decline, shipments abroad of quartzite increased by 10% to 752 tons in 2022. Overall, exports, however, continue to indicate a abrupt curtailment.

In value terms, quartzite exports skyrocketed to $258K in 2022. In general, exports, however, recorded a deep downturn.

Export of Quartzite in Sri Lanka (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
South Korea298252203239-7.1%
Japan70.237.015.018.9-35.4%
Others0.13.36.2N/A687.4%
Total369292224258-11.2%

Top Export Markets for Quartzite from Sri Lanka in 2022:

  1. South Korea (718.9 tons)
  2. Japan (33.1 tons)

Source: IndexBox Market Intelligence Platform

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