Sulphates; of Copper Price in Sri Lanka - 2021

Sulphates; of Copper Price in Sri Lanka (CIF) - 2022

The average sulphates; of copper import price stood at $3,169 per ton in 2022, rising by 5.7% against the previous year. Overall, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 37% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is likely to see steady growth in years to come.

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 Malaysia ($7,429 per ton), while the price for India ($2,894 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+9.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Sulphates; of Copper Price in Sri Lanka (FOB) - 2022

The average sulphates; of copper export price stood at $1,258 per ton in 2022, waning by -23.7% against the previous year. Overall, the export price recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2013 an increase of 73% against the previous year. As a result, the export price reached the peak level of $3,672 per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

As there is only one major export destination, 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 +20.1% per year.

Sulphates; of Copper Imports in Sri Lanka

In 2022, overseas purchases of sulphates; of coppers decreased by -36.7% to 100 tons, falling for the second year in a row after two years of growth. Over the period under review, imports continue to indicate a slight downturn. The growth pace was the most rapid in 2020 when imports increased by 60% against the previous year. As a result, imports reached the peak of 164 tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, sulphates; of copper imports dropped remarkably to $316K in 2022. In general, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +8.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 44%.

Import of Sulphates; of Copper in Sri Lanka (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
India	64.6	81.4	161	233	53.4%
Thailand	31.0	26.2	61.4	58.6	23.6%
Malaysia	7.9	11.5	16.0	14.9	23.6%
China	89.0	199	135	5.1	-61.4%
Taiwan (Chinese)	36.8	20.2	4.5	3.3	-55.2%
Singapore	9.4	10.7	13.9	N/A	21.6%
Others	10.9	11.8	80.1	0.7	-60.0%
Total	250	361	472	316	8.1%

Top Suppliers of Sulphates; of Copper to Sri Lanka in 2022:

India (80.5 tons)
Thailand (15.0 tons)
Malaysia (2.0 tons)
Taiwan (Chinese) (1.0 tons)
China (1.0 tons)

Sulphates; of Copper Exports in Sri Lanka

In 2022, the amount of sulphates; of coppers exported from Sri Lanka surged to 10 tons, picking up by 26,927% on the year before. Overall, exports recorded a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, sulphates; of copper exports skyrocketed to $13K in 2022. Over the period under review, exports saw a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.