Sri Lanka: Market for Artificial Graphite, Colloidal, Semi-Colloidal Graphite and Preparations 2024

Market Size for Artificial Graphite, Colloidal, Semi-Colloidal Graphite and Preparations in Sri Lanka

The Sri Lankan artificial and colloidal graphite market fell markedly to $X in 2021, dropping by -16.2% against the previous year. Over the period under review, the total consumption indicated a mild increase from 2012 to 2021: its value increased at an average annual rate of +1.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +32.7% against 2019 indices. Over the period under review, the market reached the maximum level at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Production of Artificial Graphite, Colloidal, Semi-Colloidal Graphite and Preparations in Sri Lanka

In value terms, artificial and colloidal graphite production declined rapidly to $X in 2021 estimated in export price. In general, the total production indicated a modest increase from 2012 to 2021: its value increased at an average annual rate of +1.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +29.4% against 2019 indices. The most prominent rate of growth was recorded in 2015 with an increase of 73% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2021, production growth remained at a lower figure.

Exports of Artificial Graphite, Colloidal, Semi-Colloidal Graphite and Preparations

Exports from Sri Lanka

After five years of growth, overseas shipments of artificial graphite, colloidal, semi-colloidal graphite and preparations decreased by -77.1% to X tons in 2021. Overall, exports, however, enjoyed significant growth. The pace of growth appeared the most rapid in 2016 with an increase of 483%. Over the period under review, the exports reached the maximum at X tons in 2020, and then fell dramatically in the following year.

In value terms, artificial and colloidal graphite exports declined notably to $X in 2021. Over the period under review, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2013 when exports increased by 277% against the previous year. The exports peaked at $X in 2020, and then dropped notably in the following year.

Exports by Country

The United States (X tons), Maldives (X tons) and Pakistan (X tons) were the main destinations of artificial and colloidal graphite exports from Sri Lanka.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Maldives (with a CAGR of +160.7%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for artificial and colloidal graphite exported from Sri Lanka were the United States ($X), Maldives ($X) and Pakistan ($X), together accounting for 99.9% of total exports.

Maldives, with a CAGR of +154.8%, recorded the highest growth rate of the value of exports, among 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

The average artificial and colloidal graphite export price stood at $X per ton in 2021, picking up by 94% against the previous year. In general, the export price enjoyed a buoyant increase. The export price peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Maldives ($X per ton), while the average price for exports to Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to South Africa (+36.0%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Artificial Graphite, Colloidal, Semi-Colloidal Graphite and Preparations

Imports into Sri Lanka

Artificial and colloidal graphite imports into Sri Lanka surged to X tons in 2021, jumping by 64% against 2020 figures. Overall, imports recorded strong growth. The growth pace was the most rapid in 2015 with an increase of 206%. As a result, imports reached the peak of X tons. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, artificial and colloidal graphite imports surged to $X in 2021. Over the period under review, imports posted strong growth. The pace of growth was the most pronounced in 2017 when imports increased by 141%. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, China (X tons) constituted the largest artificial and colloidal graphite supplier to Sri Lanka, accounting for a 61% share of total imports. Moreover, artificial and colloidal graphite imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), twofold. Russia (X tons) ranked third in terms of total imports with a 5.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +84.4%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+7.3% per year) and Russia (+121.3% per year).

In value terms, Russia ($X), China ($X) and India ($X) appeared to be the largest artificial and colloidal graphite suppliers to Sri Lanka, together accounting for 90% of total imports.

Russia, with a CAGR of +129.4%, recorded the highest growth rate of 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 2021, the average artificial and colloidal graphite import price amounted to $X per ton, with an increase of 42% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.1%. The pace of growth was the most pronounced in 2018 an increase of 45% against the previous year. As a result, import price reached the peak level of $X per ton. From 2019 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Russia ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+5.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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