Sri Lanka: Alcohols Market 2021

Alcohols Market Size in Sri Lanka

The Sri Lankan alcohols market soared to $X in 2020, growing 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). Overall, the total consumption indicated prominent growth from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, consumption increased by +X% against 2017 indices. The pace of growth was the most pronounced in 2010 when the market value increased by X% year-to-year. Over the period under review, the market reached the peak level in 2020 and is expected to retain growth in the immediate term.

Alcohols Exports

Exports from Sri Lanka

In 2020, shipments abroad of alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives increased by X% to X tons, rising for the second consecutive year after two years of decline. Overall, exports posted a strong expansion. The most prominent rate of growth was recorded in 2012 when exports increased by X% against the previous year. As a result, exports attained the peak of X tons. from 2013 to 2020, the growth exports remained at a somewhat lower figure.

In value terms, alcohols exports soared to $X in 2020. Over the period under review, exports saw a buoyant increase. The most prominent rate of growth was recorded in 2012 with an increase of X% against the previous year. As a result, exports reached the peak of $X. from 2013 to 2020, the growth exports remained at a lower figure.

Exports by Country

South Korea (X tons), Maldives (X tons) and the Netherlands (X tons) were the main destinations of alcohols exports from Sri Lanka, together comprising X% of total exports.

From 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (+X% per year), while exports for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for alcohols exported from Sri Lanka were the Netherlands ($X), Maldives ($X) and the United Arab Emirates ($X), with a combined X% share of total exports.

The Netherlands (+X% per year) recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2020, the average alcohols export price amounted to $X per ton, dropping by -X% against the previous year. Over the period under review, the export price showed a abrupt slump. The most prominent rate of growth was recorded in 2014 when the average export price increased by X% against the previous year. As a result, export price attained the peak level of $X per ton. from 2015 to 2020, the growth in terms of the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2020, the country with the highest price was Bangladesh ($X per ton), while the average price for exports to South Korea ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands, while the prices for the other major destinations experienced more modest paces of growth.

Alcohols Imports

Imports into Sri Lanka

In 2020, imports of alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives into Sri Lanka rose to X tons, with an increase of X% compared with the previous year. Overall, imports recorded a prominent expansion. The most prominent rate of growth was recorded in 2010 with an increase of X% year-to-year. Over the period under review, imports reached the peak figure at X tons in 2017; however, from 2018 to 2020, imports remained at a lower figure.

In value terms, alcohols imports surged to $X in 2020. Over the period under review, total imports indicated a remarkable increase from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2010 when imports increased by X% year-to-year. Over the period under review, imports reached the maximum in 2020 and are likely to see steady growth in the near future.

Imports by Country

In 2020, Saudi Arabia (X tons) constituted the largest alcohols supplier to Sri Lanka, accounting for a X% share of total imports. Moreover, alcohols imports from Saudi Arabia exceeded the figures recorded by the second-largest supplier, China (X tons), fivefold. South Korea (X tons) ranked third in terms of total imports with a X% share.

From 2007 to 2020, the average annual growth rate of volume from Saudi Arabia stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+X% per year) and South Korea (+X% per year).

In value terms, Saudi Arabia ($X), China ($X) and South Korea ($X) were the largest alcohols suppliers to Sri Lanka, together accounting for X% of total imports.

South Korea recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average alcohols import price stood at $X per ton in 2020, rising by X% against the previous year. Over the period under review, the import price, however, showed a mild setback. The growth pace was the most rapid in 2018 an increase of X% y-o-y. Over the period under review, average import prices attained the maximum at $X per ton in 2008; however, from 2009 to 2020, import prices failed to regain the momentum.

Prices varied noticeably by the country of origin; the country with the highest price was India ($X per ton), while the price for Saudi Arabia ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Singapore, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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