Sri Lanka: Market for Compounds Of Rare-Earth Metals, Of Yttrium Or Of Scandium Or Mixtures Of These Metals 2024

Market Size for Compounds Of Rare-Earth Metals, Of Yttrium Or Of Scandium Or Mixtures Of These Metals in Sri Lanka

The Sri Lankan compounds of rare-earth metals market rose significantly to $X in 2022, growing by X% against the previous year. In general, consumption enjoyed a resilient expansion. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Production of Compounds Of Rare-Earth Metals, Of Yttrium Or Of Scandium Or Mixtures Of These Metals in Sri Lanka

In value terms, compounds of rare-earth metals production stood at $X in 2022 estimated in export price. Over the period under review, production continues to indicate a strong increase. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Exports of Compounds Of Rare-Earth Metals, Of Yttrium Or Of Scandium Or Mixtures Of These Metals

Exports from Sri Lanka

In 2022, compounds of rare-earth metals exports from Sri Lanka shrank to X tons, reducing by X% against the year before. Overall, exports continue to indicate a deep contraction. The growth pace was the most rapid in 2014 when exports increased by X%. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, compounds of rare-earth metals exports totaled $X in 2022. Over the period under review, exports recorded a abrupt decrease. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Pakistan (X tons), Bahrain (X tons) and Bangladesh (X tons) were the main destinations of compounds of rare-earth metals exports from Sri Lanka, together accounting for X% of total exports.

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

In value terms, Bahrain ($X), Pakistan ($X) and Bangladesh ($X) appeared to be the largest markets for compounds of rare-earth metals exported from Sri Lanka worldwide, with a combined X% share of total exports.

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 mixed trend patterns.

Export Prices by Country

In 2022, the average compounds of rare-earth metals export price amounted to $X per ton, picking up by X% against the previous year. Overall, the export price, however, saw a deep contraction. The most prominent rate of growth was recorded in 2020 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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

Imports of Compounds Of Rare-Earth Metals, Of Yttrium Or Of Scandium Or Mixtures Of These Metals

Imports into Sri Lanka

Compounds of rare-earth metals imports into Sri Lanka soared to X kg in 2022, picking up by X% on the year before. Overall, imports continue to indicate a remarkable increase. The pace of growth was the most pronounced in 2019 with an increase of X%. Over the period under review, imports hit record highs at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, compounds of rare-earth metals imports skyrocketed to $X in 2022. In general, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the near future.

Imports by Country

In 2022, Japan (X kg) constituted the largest supplier of compounds of rare-earth metals to Sri Lanka, with a X% share of total imports. Moreover, compounds of rare-earth metals imports from Japan exceeded the figures recorded by the second-largest supplier, China (X kg), fourfold. India (X kg) ranked third in terms of total imports with an X% share.

From 2012 to 2022, the average annual growth rate of volume from Japan amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and India (X% per year).

In value terms, China ($X) constituted the largest supplier of compounds of rare-earth metals, of yttrium or of scandium or mixtures of these metals to Sri Lanka, comprising X% of total imports. The second position in the ranking was held by Japan ($X), with a X% share of total imports. It was followed by India, with a X% share.

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

Import Prices by Country

The average compounds of rare-earth metals import price stood at $X per ton in 2022, increasing by X% against the previous year. In general, the import price, however, showed a abrupt slump. The pace of growth was the most pronounced in 2015 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, 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 China ($X per ton), while the price for Taiwan (Chinese) ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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