Sri Lanka: Market for Hydroxide And Peroxide Of Magnesium, Oxides, Hydroxides And Peroxides Of Strontium Or Barium 2025

Market Size for Hydroxide And Peroxide Of Magnesium, Oxides, Hydroxides And Peroxides Of Strontium Or Barium in Sri Lanka

In 2022, the Sri Lankan magnesium hydroxide and peroxide market increased by 47% to $X, rising for the second consecutive year after two years of decline. In general, consumption showed noticeable growth. Magnesium hydroxide and peroxide consumption peaked at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Exports of Hydroxide And Peroxide Of Magnesium, Oxides, Hydroxides And Peroxides Of Strontium Or Barium

Exports from Sri Lanka

Magnesium hydroxide and peroxide exports from Sri Lanka soared to X kg in 2022, increasing by 25% on the previous year. In general, exports continue to indicate a mild expansion. The most prominent rate of growth was recorded in 2014 when exports increased by 878% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, magnesium hydroxide and peroxide exports skyrocketed to $X in 2022. Over the period under review, exports posted a strong increase. The most prominent rate of growth was recorded in 2014 with an increase of 881%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the near future.

Exports by Country

Maldives (X kg) was the main destination for magnesium hydroxide and peroxide exports from Sri Lanka, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Maldives stood at +1.9%.

In value terms, Maldives ($X) also remains the key foreign market for hydroxide and peroxide of magnesium, oxides, hydroxides and peroxides of strontium or barium exports from Sri Lanka.

From 2012 to 2022, the average annual growth rate of value to Maldives stood at +9.5%.

Export Prices by Country

In 2022, the average magnesium hydroxide and peroxide export price amounted to $X per ton, surging by 10% against the previous year. In general, export price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +7.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, magnesium hydroxide and peroxide export price increased by +106.1% against 2012 indices. The growth pace was the most rapid in 2015 an increase of 16% against the previous year. The export price peaked in 2022 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 2022, the rate of growth in terms of prices for Maldives amounted to +7.5% per year.

Imports of Hydroxide And Peroxide Of Magnesium, Oxides, Hydroxides And Peroxides Of Strontium Or Barium

Imports into Sri Lanka

In 2022, purchases abroad of hydroxide and peroxide of magnesium, oxides, hydroxides and peroxides of strontium or barium increased by 16% to X tons, rising for the second consecutive year after two years of decline. Overall, imports saw tangible growth. The pace of growth appeared the most rapid in 2018 when imports increased by 150% against the previous year. As a result, imports attained the peak of X tons. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, magnesium hydroxide and peroxide imports soared to $X in 2022. In general, imports continue to indicate a notable expansion. The pace of growth was the most pronounced in 2018 with an increase of 99% against the previous year. Over the period under review, imports attained the peak figure at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, India (X tons) was the main magnesium hydroxide and peroxide supplier to Sri Lanka, with a approx. 100% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from India stood at +45.2%.

In value terms, India ($X) constituted the largest supplier of hydroxide and peroxide of magnesium, oxides, hydroxides and peroxides of strontium or barium to Sri Lanka.

From 2012 to 2022, the average annual rate of growth in terms of value from India totaled +33.6%.

Import Prices by Country

In 2022, the average magnesium hydroxide and peroxide import price amounted to $X per ton, rising by 48% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The import price peaked at $X per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Israel amounted to -1.1% per year.

Source: IndexBox Platform

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