Sri Lanka: Market for Articles Of Graphite Or Other Carbon For Electrical Purposes 2025

Market Size for Articles Of Graphite Or Other Carbon For Electrical Purposes in Sri Lanka

The Sri Lankan carbon for electrical purposes market dropped notably to $X in 2022, declining by -48.5% 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). Over the period under review, consumption recorded a deep downturn. Carbon for electrical purposes consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Exports of Articles Of Graphite Or Other Carbon For Electrical Purposes

Exports from Sri Lanka

In 2022, shipments abroad of articles of graphite or other carbon for electrical purposes increased by 29% to X kg for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, continue to indicate a dramatic shrinkage. The growth pace was the most rapid in 2019 with an increase of 93%. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, carbon for electrical purposes exports soared to $X in 2022. Overall, exports, however, faced a sharp setback. The pace of growth appeared the most rapid in 2019 with an increase of 171%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Chile (X kg) was the main destination for carbon for electrical purposes exports from Sri Lanka, accounting for a 63% share of total exports. Moreover, carbon for electrical purposes exports to Chile exceeded the volume sent to the second major destination, the United States (X kg), twofold. Maldives (X kg) ranked third in terms of total exports with a 5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Chile totaled +2.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-28.1% per year) and Maldives (-47.7% per year).

In value terms, Chile ($X) remains the key foreign market for articles of graphite or other carbon for electrical purposes exports from Sri Lanka, comprising 65% of total exports. The second position in the ranking was taken by the United States ($X), with a 32% share of total exports. It was followed by Maldives, with a 2.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Chile was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-23.5% per year) and Maldives (-45.9% per year).

Export Prices by Country

The average carbon for electrical purposes export price stood at $X per ton in 2022, increasing by 91% against the previous year. Overall, the export price recorded a prominent expansion. The most prominent rate of growth was recorded in 2013 when the average export price increased by 193%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a somewhat 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 the United States ($X per ton), while the average price for exports to Maldives ($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 States (+6.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Articles Of Graphite Or Other Carbon For Electrical Purposes

Imports into Sri Lanka

In 2022, the amount of articles of graphite or other carbon for electrical purposes imported into Sri Lanka plummeted to X tons, waning by -32.6% on the previous year's figure. In general, imports showed a abrupt decline. The pace of growth was the most pronounced in 2021 with an increase of 200% 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, carbon for electrical purposes imports contracted notably to $X in 2022. Over the period under review, imports faced a abrupt downturn. The growth pace was the most rapid in 2021 when imports increased by 364% against the previous year. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, India (X tons) was the main carbon for electrical purposes supplier to Sri Lanka, accounting for a 91% share of total imports. Moreover, carbon for electrical purposes imports from India exceeded the figures recorded by the second-largest supplier, China (X kg), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from India stood at -7.7%.

In value terms, India ($X) constituted the largest supplier of articles of graphite or other carbon for electrical purposes to Sri Lanka, comprising 71% of total imports. The second position in the ranking was taken by China ($X), with a 5.7% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from India amounted to -1.6%.

Import Prices by Country

In 2022, the average carbon for electrical purposes import price amounted to $X per ton, which is down by -35.1% against the previous year. Overall, the import price showed a slight slump. The pace of growth appeared the most rapid in 2016 when the average import price increased by 78%. The import price peaked at $X per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while the price for India stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+8.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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