Sri Lanka: Market for Ferro-Cerium And Pyrophoric Alloys 2024

Market Size for Ferro-Cerium And Pyrophoric Alloys in Sri Lanka

The Sri Lankan ferro-cerium and pyrophoric alloys market was estimated at $X in 2021, surging by 5% against the previous year. Over the period under review, consumption, however, saw a relatively flat trend pattern. Ferro-cerium and pyrophoric alloys consumption peaked at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Production of Ferro-Cerium And Pyrophoric Alloys in Sri Lanka

In value terms, ferro-cerium and pyrophoric alloys production rose notably to $X in 2021 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 with an increase of 12%. Ferro-cerium and pyrophoric alloys production peaked at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Exports of Ferro-Cerium And Pyrophoric Alloys

Exports from Sri Lanka

In 2021, overseas shipments of ferro-cerium and pyrophoric alloys decreased by -26.1% to X kg, falling for the fourth year in a row after three years of growth. Overall, exports showed a abrupt curtailment. The pace of growth appeared the most rapid in 2015 when exports increased by 468% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, ferro-cerium and pyrophoric alloys exports soared to $X in 2021. Over the period under review, exports saw a sharp setback. The pace of growth appeared the most rapid in 2016 with an increase of 192% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Maldives (X kg) was the main destination for ferro-cerium and pyrophoric alloys exports 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 totaled -10.8%.

In value terms, Maldives ($X) also remains the key foreign market for ferro-cerium and pyrophoric alloys exports from Sri Lanka.

From 2012 to 2021, the average annual rate of growth in terms of value to Maldives stood at -29.3%.

Export Prices by Country

The average ferro-cerium and pyrophoric alloys export price stood at $X per ton in 2021, rising by 58% against the previous year. Overall, the export price, however, recorded a precipitous shrinkage. The most prominent rate of growth was recorded in 2019 when the average export price increased by 96% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

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 -20.7% per year.

Imports of Ferro-Cerium And Pyrophoric Alloys

Imports into Sri Lanka

In 2021, overseas purchases of ferro-cerium and pyrophoric alloys decreased by -17.5% to X kg, falling for the second consecutive year after three years of growth. Over the period under review, imports, however, posted resilient growth. The pace of growth appeared the most rapid in 2017 when imports increased by 725% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, ferro-cerium and pyrophoric alloys imports soared to $X in 2021. Overall, imports, however, showed prominent growth. The growth pace was the most rapid in 2017 when imports increased by 1,112%. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The Netherlands (X kg), Singapore (X kg) and China (X kg) were the main suppliers of ferro-cerium and pyrophoric alloys imports to Sri Lanka, with a combined 67% share of total imports. Thailand, Hong Kong SAR and India lagged somewhat behind, together accounting for a further 11%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Hong Kong SAR (with a CAGR of +23.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest ferro-cerium and pyrophoric alloys suppliers to Sri Lanka were Thailand ($X), Singapore ($X) and China ($X), with a combined 59% share of total imports.

Singapore, with a CAGR of +24.7%, saw the highest rates of growth with regard to the value of imports, in terms of 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 ferro-cerium and pyrophoric alloys import price amounted to $X per ton, with an increase of 55% against the previous year. Over the period under review, the import price, however, recorded a perceptible decline. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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 Thailand ($X per ton), while the price for the Netherlands ($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 (+12.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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