Sri Lanka: Compound Plasticisers Market 2025

Compound Plasticisers Market Size in Sri Lanka

In 2022, after two years of decline, there was significant growth in the Sri Lankan compound plasticisers market, when its value increased by X% to $X. In general, consumption, however, continues to indicate moderate growth. Compound plasticisers consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Compound Plasticisers Production in Sri Lanka

In value terms, compound plasticisers production stood at $X in 2022 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. Compound plasticisers production peaked in 2022 and is expected to retain growth in the near future.

Compound Plasticisers Exports

Exports from Sri Lanka

In 2022, overseas shipments of compound plasticisers for rubber or plastics increased by X% to X tons, rising for the eighth year in a row after two years of decline. Over the period under review, exports posted significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, compound plasticisers exports surged to $X in 2022. Overall, exports recorded a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

India (X tons) was the main destination for compound plasticisers exports from Sri Lanka, with a approx. X% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to India stood at X%.

In value terms, India ($X) also remains the key foreign market for compound plasticisers for rubber or plastics exports from Sri Lanka.

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

Export Prices by Country

The average compound plasticisers export price stood at $X per ton in 2022, surging by X% against the previous year. In general, the export price, however, continues to indicate a deep contraction. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for India amounted to X% per year.

Compound Plasticisers Imports

Imports into Sri Lanka

In 2022, purchases abroad of compound plasticisers for rubber or plastics decreased by X% to X tons, falling for the third consecutive year after five years of growth. Over the period under review, imports showed a pronounced slump. The growth pace was the most rapid in 2019 with an increase of X%. As a result, imports reached the peak of X tons. From 2020 to 2022, the growth of imports remained at a lower figure.

In value terms, compound plasticisers imports rose modestly to $X in 2022. Overall, imports, however, saw perceptible growth. The pace of growth appeared the most rapid in 2016 when imports increased by X% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Malaysia (X tons) constituted the largest supplier of compound plasticisers to Sri Lanka, accounting for a X% share of total imports. Moreover, compound plasticisers imports from Malaysia exceeded the figures recorded by the second-largest supplier, India (X tons), twofold. The third position in this ranking was held by Thailand (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Malaysia stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and Thailand (X% per year).

In value terms, Malaysia ($X) constituted the largest supplier of compound plasticisers for rubber or plastics to Sri Lanka, comprising X% of total imports. The second position in the ranking was held by China ($X), with a X% share of total imports. It was followed by Thailand, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Malaysia totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Thailand (X% per year).

Import Prices by Country

The average compound plasticisers import price stood at $X per ton in 2022, jumping by X% against the previous year. In general, import price indicated prominent growth 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, compound plasticisers import price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 when the average import price increased by X% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.

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 China ($X per ton), while the price for Vietnam ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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