Sri Lanka: Amino-Resin Market 2024

Amino-Resin Market Size in Sri Lanka

In 2022, the Sri Lankan amino-resin market decreased by X% to $X for the first time since 2013, thus ending a eight-year rising trend. Overall, consumption, however, showed a moderate increase. Amino-resin consumption peaked at $X in 2021, and then reduced notably in the following year.

Amino-Resin Exports

Exports from Sri Lanka

In 2022, amino-resin exports from Sri Lanka contracted sharply to X tons, with a decrease of X% against the previous year. Over the period under review, exports recorded a deep contraction. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, amino-resin exports fell sharply to $X in 2022. Overall, exports continue to indicate a deep downturn. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Bangladesh (X tons), Maldives (X tons) and India (X tons) were the main destinations of amino-resin exports from Sri Lanka, with a combined X% share of total exports. Ethiopia, Pakistan and China lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Ethiopia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Bangladesh ($X), Maldives ($X) and India ($X) were the largest markets for amino-resin exported from Sri Lanka worldwide, with a combined X% share of total exports. Pakistan, Ethiopia and China lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Pakistan, 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

The average amino-resin export price stood at $X per ton in 2022, waning by X% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the average export price increased by X%. The export price peaked at $X per ton in 2021, and then reduced rapidly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Pakistan ($X per ton), while the average price for exports to Maldives ($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 the United Arab Emirates (X%), while the prices for the other major destinations experienced more modest paces of growth.

Amino-Resin Imports

Imports into Sri Lanka

After three years of growth, supplies from abroad of amino-resins, phenolic resins and polyurethanes (in primary forms) decreased by X% to X tons in 2022. In general, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2021, and then shrank notably in the following year.

In value terms, amino-resin imports plummeted to $X in 2022. Over the period under review, imports, however, enjoyed a remarkable increase. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of $X, and then shrank markedly in the following year.

Imports by Country

China (X tons), Saudi Arabia (X tons) and India (X tons) were the main suppliers of amino-resin imports to Sri Lanka, with a combined X% share of total imports. South Korea, Japan, the United Arab Emirates, Malaysia, Egypt, Thailand, Iran and Oman lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Japan (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest amino-resin suppliers to Sri Lanka were China ($X), Japan ($X) and India ($X), with a combined X% share of total imports.

Japan, with a CAGR of X%, recorded the highest growth rate of 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

In 2022, the average amino-resin import price amounted to $X per ton, picking up by X% against the previous year. Overall, import price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, amino-resin import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per ton), while the price for Oman ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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