Waxes; Artificial, Prepared Price in Sri Lanka - 2021

Contents:

1. Waxes; Artificial, Prepared Price in Sri Lanka (CIF) - 2022
2. Waxes; Artificial, Prepared Price in Sri Lanka (FOB) - 2022
3. Waxes; Artificial, Prepared Imports in Sri Lanka
4. Waxes; Artificial, Prepared Exports in Sri Lanka

Waxes; Artificial, Prepared Price in Sri Lanka (CIF) - 2022

In 2022, the average waxes; artificial, prepared import price amounted to $1,885 per ton, falling by -7.8% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 23%. Over the period under review, average import prices attained the peak figure at $2,045 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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 Japan ($3,982 per ton), while the price for Thailand ($884 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+6.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Waxes; Artificial, Prepared Price in Sri Lanka (FOB) - 2022

In 2022, the average waxes; artificial, prepared export price amounted to $2,929 per ton, falling by -3.7% against the previous year. Over the period under review, the export price showed a deep contraction. The pace of growth was the most pronounced in 2016 an increase of 39% against the previous year. Over the period under review, the average export prices attained the maximum at $6,989 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Malaysia ($9,515 per ton), while the average price for exports to Pakistan ($1,311 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+5.2%), while the prices for the other major destinations experienced a decline.

Waxes; Artificial, Prepared Imports in Sri Lanka

In 2022, the amount of waxes; artificial, prepared imported into Sri Lanka shrank rapidly to 1.9K tons, which is down by -16.7% on the year before. Over the period under review, total imports indicated a notable expansion from 2019 to 2022: its volume increased at an average annual rate of +4.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +26.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 52% against the previous year. As a result, imports attained the peak of 2.3K tons, and then declined sharply in the following year.

In value terms, waxes; artificial, prepared imports dropped notably to $3.6M in 2022. Overall, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +8.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +43.4% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 87% against the previous year. As a result, imports reached the peak of $4.7M, and then fell notably in the following year.

Top Suppliers of Waxes; Artificial, Prepared to Sri Lanka in 2022:

1. China (499.5 tons)
2. India (478.5 tons)
3. South Korea (183.7 tons)
4. Germany (163.0 tons)
5. Thailand (134.5 tons)
6. Netherlands (116.8 tons)
7. United States (96.2 tons)
8. Hong Kong SAR (26.5 tons)

Waxes; Artificial, Prepared Exports in Sri Lanka

In 2022, the amount of waxes; artificial, prepared exported from Sri Lanka shrank markedly to 24 tons, declining by -38.3% on the previous year's figure. Overall, exports, however, saw significant growth. The pace of growth was the most pronounced in 2021 when exports increased by 631% against the previous year. As a result, the exports attained the peak of 39 tons, and then fell notably in the following year.

In value terms, waxes; artificial, prepared exports shrank dramatically to $70K in 2022. Over the period under review, exports, however, enjoyed a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 431% against the previous year. As a result, the exports attained the peak of $118K, and then fell sharply in the following year.

Top Export Markets for Waxes; Artificial, Prepared from Sri Lanka in 2022:

1. Bangladesh (19.1 tons)
2. Pakistan (1.2 tons)
3. Germany (1.0 tons)
4. Vietnam (0.9 tons)
5. Maldives (0.7 tons)
6. Malaysia (0.6 tons)

Source: IndexBox Market Intelligence Platform