Report Update Nov 1, 2024

Sri Lanka - Ethylene - Market Analysis, Forecast, Size, Trends and Insights

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Sri Lanka: Ethylene Market 2024

Ethylene Market Size in Sri Lanka

In 2021, the Sri Lankan ethylene market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption enjoyed a prominent increase. Over the period under review, the market attained the maximum level at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Ethylene Exports

Exports from Sri Lanka

In 2014, ethylene exports from Sri Lanka soared to X tons, rising by 42% on 2013 figures. In general, total exports indicated a significant expansion from 2013 to 2014: its volume increased at an average annual rate of +42.5% over the last one-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, ethylene exports soared to $X in 2014. The total export value increased at an average annual rate of +32.7% over the period from 2013 to 2014; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Canada (X tons) was the main destination for ethylene exports from Sri Lanka, accounting for a approx. 100% share of total exports.

From 2013 to 2014, the average annual rate of growth in terms of volume to Canada amounted to +42.5%.

In value terms, Canada ($X) also remains the key foreign market for ethylene exports from Sri Lanka.

From 2013 to 2014, the average annual rate of growth in terms of value to Canada totaled +32.7%.

Export Prices by Country

In 2014, the average ethylene export price amounted to $X per ton, reducing by -6.9% against the previous year. Overall, the export price saw a abrupt shrinkage. Over the period under review, the average export prices hit record highs at $X per ton in 2013, and then contracted in the following year.

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

From 2013 to 2014, the rate of growth in terms of prices for Canada amounted to -6.9% per year.

Ethylene Imports

Imports into Sri Lanka

In 2021, purchases abroad of ethylene was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. In general, imports showed a notable expansion. Over the period under review, imports reached the maximum at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, ethylene imports soared to $X in 2021. Overall, imports saw a remarkable increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X kg) constituted the largest ethylene supplier to Sri Lanka, accounting for a 89% share of total imports. Moreover, ethylene imports from China exceeded the figures recorded by the second-largest supplier, Malaysia (X kg), ninefold.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +34.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (-13.8% per year) and India (-46.9% per year).

In value terms, China ($X) constituted the largest supplier of ethylene to Sri Lanka, comprising 79% of total imports. The second position in the ranking was taken by Malaysia ($X), with a 21% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +109.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+3.8% per year) and India (-45.7% per year).

Import Prices by Country

The average ethylene import price stood at $X per ton in 2021, which is down by -9.6% against the previous year. In general, the import price, however, showed resilient growth. The pace of growth was the most pronounced in 2016 when the average import price increased by 83%. The import price peaked at $X per ton in 2020, and then shrank in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Malaysia ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+56.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for ethylene in the world?

China remains the largest ethylene consuming country worldwide, accounting for 23% of total volume. Moreover, ethylene consumption in China exceeded the figures recorded by the second-largest consumer, India, threefold. The third position in this ranking was occupied by the United States, with a 9% share.

What are the largest producers of ethylene in the world?

China remains the largest ethylene producing country worldwide, comprising approx. 22% of total volume. Moreover, ethylene production in China exceeded the figures recorded by the second-largest producer, the United States, twofold. India ranked third in terms of total production with a 9.3% share.

What are the leading suppliers of ethylene to Sri Lanka?

In value terms, India and Malaysia were the largest ethylene suppliers to Sri Lanka.

What are the leading importers of ethylene from Sri Lanka?

In value terms, Canada remains the key foreign market for ethylene exports from Sri Lanka.

What is the average export price for ethylene in Sri Lanka?

The average ethylene export price stood at $678 per ton in 2014, shrinking by -6.9% against the previous year.

What is the average import price for ethylene in Sri Lanka?

The average ethylene import price stood at $17,765 per ton in 2021, remaining relatively unchanged against the previous year.

This report provides an in-depth analysis of the ethylene market in Sri Lanka. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20141130 - Ethylene

Country coverage:

Sri Lanka

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Sri Lanka
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023