Sri Lanka: Acyclic Hydrocarbons Derivatives Market 2024

Acyclic Hydrocarbons Derivatives Market Size in Sri Lanka

The Sri Lankan acyclic hydrocarbons derivatives market declined notably to $X in 2022, shrinking by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption showed a deep downturn. Acyclic hydrocarbons derivatives consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Acyclic Hydrocarbons Derivatives Exports

Exports from Sri Lanka

In 2022, acyclic hydrocarbons derivatives exports from Sri Lanka surged to X tons, rising by X% compared with the previous year. In general, exports showed strong growth. Over the period under review, the exports hit record highs at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, acyclic hydrocarbons derivatives exports soared to $X in 2022. Over the period under review, exports showed prominent growth. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Maldives (X tons) was the main destination for acyclic hydrocarbons derivatives exports from Sri Lanka, with a X% share of total exports. Moreover, acyclic hydrocarbons derivatives exports to Maldives exceeded the volume sent to the second major destination, Denmark (X kg), threefold.

From 2012 to 2022, the average annual growth rate of volume to Maldives stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (X% per year) and the United Arab Emirates (X% per year).

In value terms, Denmark ($X) emerged as the key foreign market for fluorinated, brominated or iodinated derivatives of acyclic hydrocarbons exports from Sri Lanka, comprising X% of total exports. The second position in the ranking was held by Maldives ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Denmark totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Maldives (X% per year) and the United Arab Emirates (X% per year).

Export Prices by Country

In 2022, the average acyclic hydrocarbons derivatives export price amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the export price continues to indicate mild growth. The most prominent rate of growth was recorded in 2015 when the average export price increased by X%. The export price peaked at $X per ton in 2017; however, from 2018 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 Denmark ($X per ton), while the average price for exports to Maldives ($X 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 Maldives (X%), while the prices for the other major destinations experienced a decline.

Acyclic Hydrocarbons Derivatives Imports

Imports into Sri Lanka

In 2022, supplies from abroad of fluorinated, brominated or iodinated derivatives of acyclic hydrocarbons decreased by X% to X tons, falling for the second year in a row after two years of growth. In general, imports recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, acyclic hydrocarbons derivatives imports declined notably to $X in 2022. Over the period under review, imports faced a abrupt downturn. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) was the main supplier of acyclic hydrocarbons derivatives to Sri Lanka, accounting for a X% share of total imports. Moreover, acyclic hydrocarbons derivatives imports from China exceeded the figures recorded by the second-largest supplier, Singapore (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (X% per year) and Japan (X% per year).

In value terms, China ($X) constituted the largest supplier of fluorinated, brominated or iodinated derivatives of acyclic hydrocarbons to Sri Lanka, comprising X% of total imports. The second position in the ranking was held by Singapore ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (X% per year) and Japan (X% per year).

Import Prices by Country

The average acyclic hydrocarbons derivatives import price stood at $X per ton in 2022, picking up by X% against the previous year. Overall, the import price, however, showed a deep slump. The growth pace was the most rapid in 2016 an increase of X% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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