Sri Lanka: Market for Chlorides And Chloride Oxides Of Phosphorus And Halides And Halide-Oxides Of Non-Metals 2024

Market Size for Chlorides And Chloride Oxides Of Phosphorus And Halides And Halide-Oxides Of Non-Metals in Sri Lanka

The Sri Lankan market for chlorides and chloride oxides of phosphorus and halides and halide-oxides of non-metals skyrocketed to $X in 2021, picking up by 503% 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, consumption continues to indicate a significant increase. Consumption of peaked in 2021 and is expected to retain growth in years to come.

Exports of Chlorides And Chloride Oxides Of Phosphorus And Halides And Halide-Oxides Of Non-Metals

Exports from Sri Lanka

In 2021, overseas shipments of chlorides and chloride oxides of phosphorus and halides and halide-oxides of non-metals decreased by -8.7% to X kg, falling for the fourth year in a row after three years of growth. Over the period under review, exports recorded a noticeable shrinkage. The pace of growth was the most pronounced in 2017 with an increase of 595% against the previous year. As a result, the exports reached the peak of X kg. From 2018 to 2021, the growth of the exports of remained at a lower figure.

In value terms, exports of chlorides and chloride oxides of phosphorus and halides and halide-oxides of non-metals expanded markedly to $X in 2021. In general, exports, however, enjoyed a resilient increase. The pace of growth appeared the most rapid in 2017 with an increase of 487%. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports of remained at a lower figure.

Exports by Country

Maldives (X kg) was the main destination for exports of chlorides and chloride oxides of phosphorus and halides and halide-oxides of non-metals from Sri Lanka, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Maldives stood at +40.3%.

In value terms, Maldives ($X) also remains the key foreign market for chlorides and chloride oxides of phosphorus and halides and halide-oxides of non-metals exports from Sri Lanka.

From 2012 to 2021, the average annual growth rate of value to Maldives stood at +73.2%.

Export Prices by Country

The average export price for chlorides and chloride oxides of phosphorus and halides and halide-oxides of non-metals stood at $X per ton in 2021, jumping by 19% against the previous year. Overall, the export price saw a buoyant expansion. The pace of growth was the most pronounced in 2016 when the average export price increased by 78% against the previous year. The export price peaked in 2021 and is expected to retain growth in the near future.

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

From 2012 to 2021, the rate of growth in terms of prices for Maldives amounted to +15.5% per year.

Imports of Chlorides And Chloride Oxides Of Phosphorus And Halides And Halide-Oxides Of Non-Metals

Imports into Sri Lanka

In 2021, approx. X tons of chlorides and chloride oxides of phosphorus and halides and halide-oxides of non-metals were imported into Sri Lanka; rising by 442% compared with 2020 figures. Over the period under review, imports enjoyed a significant expansion. The growth pace was the most rapid in 2017 with an increase of 829%. Over the period under review, imports of reached the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, imports of chlorides and chloride oxides of phosphorus and halides and halide-oxides of non-metals surged to $X in 2021. In general, imports recorded a significant increase. The pace of growth was the most pronounced in 2017 when imports increased by 953% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

Malaysia (X tons), China (X tons) and Sweden (X kg) were the main suppliers of imports of chlorides and chloride oxides of phosphorus and halides and halide-oxides of non-metals to Sri Lanka, together accounting for 91% of total imports.

From 2012 to 2021, the biggest increases were recorded for Sweden (with a CAGR of +45.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of chlorides and chloride oxides of phosphorus and halides and halide-oxides of non-metals to Sri Lanka, comprising 44% of total imports. The second position in the ranking was held by Sweden ($X), with an 18% share of total imports. It was followed by the United States, with a 16% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to -8.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+35.1% per year) and the United States (+27.7% per year).

Import Prices by Country

The average import price for chlorides and chloride oxides of phosphorus and halides and halide-oxides of non-metals stood at $X per ton in 2021, surging by 28% against the previous year. In general, the import price enjoyed perceptible growth. The pace of growth appeared the most rapid in 2013 when the average import price increased by 144% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was India ($X per ton), while the price for Malaysia ($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 (+14.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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