Salts; Tungstates (Wolframates) Price in Sri Lanka - 2021
Contents:
- Salts; Tungstates (Wolframates) Price in Sri Lanka (CIF) - 2022
- Salts; Tungstates (Wolframates) Imports in Sri Lanka
Salts; Tungstates (Wolframates) Price in Sri Lanka (CIF) - 2022
The average salts; tungstates (wolframates) import price stood at $76,361 per ton in 2022, growing by 7.7% against the previous year. In general, the import price saw a temperate expansion. The growth pace was the most rapid in 2017 an increase of 82%. The import price peaked at $156,033 per ton in 2020; however, from 2021 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 ($84,660 per ton), while the price for India stood at $11,574 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+10.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Salts; Tungstates (Wolframates) Imports in Sri Lanka
In 2022, purchases abroad of salts; tungstates (wolframates) decreased by -78.6% to 9 kg, falling for the second consecutive year after two years of growth. In general, imports recorded a abrupt descent. The pace of growth appeared the most rapid in 2020 when imports increased by 329% against the previous year. As a result, imports attained the peak of 60 kg. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, salts; tungstates (wolframates) imports dropped remarkably to $661 in 2022. Overall, imports continue to indicate a sharp descent. The pace of growth was the most pronounced in 2020 when imports increased by 531%. As a result, imports attained the peak of $9.4K. From 2021 to 2022, the growth of imports remained at a lower figure.
| Import of Salts; Tungstates (Wolframates) in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 0.2 | 0.4 | N/A | 0.6 | 44.2% |
| Belgium | N/A | N/A | 0.6 | N/A | 0% |
| United Kingdom | 1.3 | 8.9 | 1.9 | N/A | 20.9% |
| India | N/A | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | 0.4 | N/A | 0% |
| Total | 1.5 | 9.4 | 3.0 | 0.7 | -22.4% |
Top Suppliers of Salts; Tungstates (Wolframates) to Sri Lanka in 2022:
- Germany (8.0 kg)
- India (1.0 kg)
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