Report Update Nov 1, 2024

Sri Lanka - Acrylonitrile - Market Analysis, Forecast, Size, Trends and Insights

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Sri Lanka: Acrylonitrile Market 2024

Acrylonitrile Market Size in Sri Lanka

In 2021, the Sri Lankan acrylonitrile market decreased by -58.3% to $X, falling for the second year in a row after two years of growth. Over the period under review, consumption, however, recorded a prominent expansion. Acrylonitrile consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Acrylonitrile Exports

Exports from Sri Lanka

In 2021, shipments abroad of acrylonitrile increased by 68% to X kg, rising for the fifth consecutive year after four years of decline. In general, exports showed a significant increase. The pace of growth was the most pronounced in 2020 when exports increased by 273%. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in the immediate term.

In value terms, acrylonitrile exports soared to $X in 2021. Overall, exports recorded significant growth. The pace of growth was the most pronounced in 2020 with an increase of 538%. The exports peaked in 2021 and are likely to see steady growth in the immediate term.

Exports by Country

Canada (X kg) was the main destination for acrylonitrile exports from Sri Lanka, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Canada stood at +20.4%.

In value terms, Canada ($X) also remains the key foreign market for acrylonitrile exports from Sri Lanka.

From 2012 to 2021, the average annual growth rate of value to Canada stood at +24.4%.

Export Prices by Country

The average acrylonitrile export price stood at $X per ton in 2021, jumping by 42% against the previous year. Overall, the export price saw moderate growth. The growth pace was the most rapid in 2019 when the average export price increased by 94% against the previous year. Over the period under review, the average export prices attained the maximum in 2021 and is likely to continue growth in years to come.

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

From 2012 to 2021, the rate of growth in terms of prices for Canada amounted to +3.4% per year.

Acrylonitrile Imports

Imports into Sri Lanka

In 2021, imports of acrylonitrile into Sri Lanka plummeted to X kg, shrinking by -47.8% on 2020 figures. Over the period under review, imports, however, saw a prominent expansion. The most prominent rate of growth was recorded in 2018 with an increase of 933%. Imports peaked at X kg in 2016; however, from 2017 to 2021, imports failed to regain momentum.

In value terms, acrylonitrile imports dropped remarkably to $X in 2021. Overall, imports, however, recorded strong growth. The pace of growth was the most pronounced in 2018 when imports increased by 2,395%. Imports peaked at $X in 2020, and then shrank notably in the following year.

Imports by Country

In 2021, Germany (X kg) was the main supplier of acrylonitrile to Sri Lanka, accounting for a 94% share of total imports. Moreover, acrylonitrile imports from Germany exceeded the figures recorded by the second-largest supplier, India (X kg), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany totaled +24.1%.

In value terms, Germany ($X) constituted the largest supplier of acrylonitrile to Sri Lanka, comprising 93% of total imports. The second position in the ranking was taken by India ($X), with a 6.9% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany stood at +46.6%.

Import Prices by Country

In 2021, the average acrylonitrile import price amounted to $X per ton, flattening at the previous year. Overall, the import price recorded a measured increase. The growth pace was the most rapid in 2018 when the average import price increased by 143%. Over the period under review, average import prices hit record highs in 2021 and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was India ($X per ton), while the price for Germany totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+18.0%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for acrylonitrile in the world?

The countries with the highest volumes of acrylonitrile consumption in 2020 were the United States, Turkey and the UK, with a combined 39% share of global consumption. These countries were followed by China, the Netherlands, Japan, Malaysia, India, Taiwan Chinese), France, Mexico, the United Arab Emirates and Belgium, which together accounted for a further 50%.

What are the largest producers of acrylonitrile in the world?

The United States remains the largest acrylonitrile producing country worldwide, accounting for 43% of total volume. Moreover, acrylonitrile production in the United States exceeded the figures recorded by the second-largest producer, Japan, fourfold. The third position in this ranking was occupied by the UK, with a 10% share.

What are the leading suppliers of acrylonitrile to Sri Lanka?

In value terms, Germany constituted the largest supplier of acrylonitrile to Sri Lanka.

What are the leading importers of acrylonitrile from Sri Lanka?

In value terms, Canada $1) remains the key foreign market for acrylonitrile exports from Sri Lanka.

What is the average export price for acrylonitrile in Sri Lanka?

The average acrylonitrile export price stood at $333 per ton in 2019, increasing by 33% against the previous year.

What is the average import price for acrylonitrile in Sri Lanka?

The average acrylonitrile import price stood at $10,536 per ton in 2020, picking up by 60% against the previous year.

This report provides an in-depth analysis of the acrylonitrile market in Sri Lanka. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20144350 - Acrylonitrile

Country coverage:

Sri Lanka

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Sri Lanka
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023