Sri Lanka: Other Chemical Products Market 2024

Other Chemical Products Market Size in Sri Lanka

The Sri Lankan other chemical products market stood at less than $X in 2022, therefore, remained relatively stable against the previous year. Over the period under review, consumption saw a deep setback. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Other Chemical Products Production in Sri Lanka

In value terms, other chemical products production totaled less than $X in 2022 estimated in export price. Over the period under review, production saw a noticeable slump. The pace of growth was the most pronounced in 2016 with an increase of X%. Over the period under review, production reached the peak level at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Other Chemical Products Exports

Exports from Sri Lanka

In 2016, approx. X tons of other chemical products were exported from Sri Lanka; waning by X% compared with 2015 figures. Over the period under review, exports faced a dramatic decline. The growth pace was the most rapid in 2015 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2016, the exports remained at a lower figure.

In value terms, other chemical products exports contracted remarkably to $X in 2016. In general, exports continue to indicate a significant decrease. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2016, the exports remained at a lower figure.

Exports by Country

China (X tons) was the main destination for other chemical products exports from Sri Lanka, accounting for a X% share of total exports. Moreover, other chemical products exports to China exceeded the volume sent to the second major destination, Pakistan (X tons), threefold. The third position in this ranking was held by Maldives (X tons), with a X% share.

From 2012 to 2016, the average annual growth rate of volume to China totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Pakistan (X% per year) and Maldives (X% per year).

In value terms, the largest markets for other chemical products exported from Sri Lanka were China ($X), Pakistan ($X) and Myanmar ($X), together accounting for X% of total exports. Maldives, India, Central African Republic and Hong Kong SAR lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Maldives, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2016, the average other chemical products export price amounted to $X per ton, with a decrease of X% against the previous year. Overall, the export price recorded a deep contraction. The pace of growth was the most pronounced in 2013 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2016, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2016, amid the top suppliers, the country with the highest price was Myanmar ($X per ton), while the average price for exports to China ($X per ton) was amongst the lowest.

From 2012 to 2016, the most notable rate of growth in terms of prices was recorded for supplies to India (X%), while the prices for the other major destinations experienced more modest paces of growth.

Other Chemical Products Imports

Imports into Sri Lanka

In 2016, approx. X tons of other chemical products were imported into Sri Lanka; growing by X% on the year before. Over the period under review, total imports indicated a resilient expansion from 2012 to 2016: its volume increased at an average annual rate of X% over the last four years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2016 figures, imports increased by X% against 2012 indices. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2016 and are likely to see steady growth in the near future.

In value terms, other chemical products imports rose significantly to $X in 2016. The total import value increased at an average annual rate of X% over the period from 2012 to 2016; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. Imports peaked in 2016 and are likely to see gradual growth in the near future.

Imports by Country

Malaysia (X tons), China (X tons) and Vietnam (X tons) were the main suppliers of other chemical products imports to Sri Lanka, with a combined X% share of total imports.

From 2012 to 2016, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Vietnam (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest other chemical products suppliers to Sri Lanka were India ($X), Malaysia ($X) and China ($X), together comprising X% of total imports. Germany, Singapore, Taiwan (Chinese), Vietnam, Thailand and Indonesia lagged somewhat behind, together accounting for a further X%.

Vietnam, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2016, the average other chemical products import price amounted to $X per ton, reducing by X% against the previous year. Over the period under review, the import price continues to indicate a abrupt slump. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2016, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2016, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2016, the most notable rate of growth in terms of prices was attained by Thailand (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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