Sri Lanka: Ethanal Market 2022

Ethanal Market Size in Sri Lanka

In 2021, the Sri Lankan ethanal market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption continues to indicate a strong increase. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Ethanal Exports

Exports from Sri Lanka

In 2021, the amount of ethanal (acetaldehyde) exported from Sri Lanka amounted to less than X kg, therefore, remained relatively stable against 2020 figures. Over the period under review, exports showed a relatively flat trend pattern. Over the period under review, the exports attained the peak figure at X kg in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, ethanal exports stood at less than $X in 2021. Overall, exports saw a relatively flat trend pattern. Over the period under review, the exports reached the maximum at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

Ghana (X kg) was the main destination for ethanal exports from Sri Lanka, with a approx. X% share of total exports.

From 2012 to 2019, the average annual rate of growth in terms of volume to Ghana was relatively modest.

From 2012 to 2019, the average annual rate of growth in terms of value to Ghana was relatively modest.

Export Prices by Country

The average ethanal export price stood at $X per ton in 2019, therefore, remained relatively stable against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. Over the period under review, the average export prices reached the peak figure in 2019 and is expected to retain growth in the near future.

As there is only one major export destination, the average price level is determined by prices for Ghana.

From 2012 to 2019, the rate of growth in terms of prices for Ghana amounted to X% per year.

Ethanal Imports

Imports into Sri Lanka

After two years of decline, purchases abroad of ethanal (acetaldehyde) increased by X% to X kg in 2021. Over the period under review, imports showed a prominent increase. The most prominent rate of growth was recorded in 2014 with an increase of X%. Imports peaked at X kg in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, ethanal imports skyrocketed to $X in 2021. In general, imports continue to indicate significant growth. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

Singapore (X kg), Germany (X kg) and the UK (X kg) were the main suppliers of ethanal imports to Sri Lanka, together accounting for X% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of +X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X) constituted the largest supplier of ethanal to Sri Lanka, comprising X% of total imports. The second position in the ranking was occupied by Germany ($X), with a X% share of total imports. It was followed by the UK, with a X% share.

From 2012 to 2021, the average annual growth rate of value from Singapore stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+X% per year) and the UK (+X% per year).

Import Prices by Country

The average ethanal import price stood at $X per ton in 2021, shrinking by -X% against the previous year. Over the period under review, the import price, however, recorded a prominent increase. The pace of growth was the most pronounced in 2013 an increase of X%. Over the period under review, average import prices attained the maximum at $X per ton in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Singapore ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform