Report Update Nov 1, 2024

Sri Lanka - Naphthalene and Other Aromatic Hydrocarbon Mixtures - Market Analysis, Forecast, Size, Trends and Insights

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Sri Lanka: Aromatic Hydrocarbon Mixtures Market 2024

Aromatic Hydrocarbon Mixtures Market Size in Sri Lanka

In 2022, the Sri Lankan aromatic hydrocarbon mixtures market increased by 30% to $X, rising for the second consecutive year after two years of decline. In general, consumption, however, continues to indicate a noticeable decline. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Aromatic Hydrocarbon Mixtures Exports

Exports from Sri Lanka

In 2022, overseas shipments of naphthalene and other aromatic hydrocarbon mixtures increased by 7% to X tons, rising for the seventh year in a row after two years of decline. In general, exports posted a buoyant expansion. The pace of growth was the most pronounced in 2013 with an increase of 296% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, aromatic hydrocarbon mixtures exports skyrocketed to $X in 2022. Over the period under review, exports saw strong growth. The pace of growth was the most pronounced in 2013 with an increase of 495%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Vietnam (X tons) was the main destination for aromatic hydrocarbon mixtures exports from Sri Lanka, accounting for a approx. 44% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Vietnam totaled +7.3%.

In value terms, Vietnam ($X) also remains the key foreign market for naphthalene and other aromatic hydrocarbon mixtures exports from Sri Lanka.

From 2012 to 2022, the average annual growth rate of value to Vietnam stood at +8.2%.

Export Prices by Country

In 2022, the average aromatic hydrocarbon mixtures export price amounted to $X per ton, with an increase of 16% against the previous year. Over the period under review, export price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, aromatic hydrocarbon mixtures export price increased by +41.5% against 2020 indices. The growth pace was the most rapid in 2013 an increase of 50% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the rate of growth in terms of prices for Malaysia amounted to +47.8% per year.

Aromatic Hydrocarbon Mixtures Imports

Imports into Sri Lanka

In 2022, purchases abroad of naphthalene and other aromatic hydrocarbon mixtures increased by 16% to X tons, rising for the second consecutive year after three years of decline. In general, imports, however, saw a deep slump. The most prominent rate of growth was recorded in 2014 with an increase of 83%. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, aromatic hydrocarbon mixtures imports surged to $X in 2022. Over the period under review, imports, however, saw a perceptible slump. The most prominent rate of growth was recorded in 2014 with an increase of 73%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The United Arab Emirates (X tons), Thailand (X tons) and India (X tons) were the main suppliers of aromatic hydrocarbon mixtures imports to Sri Lanka, with a combined 50% share of total imports. China, Singapore, South Korea, Kuwait and Taiwan (Chinese) lagged somewhat behind, together accounting for a further 46%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Kuwait (with a CAGR of +57.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest aromatic hydrocarbon mixtures suppliers to Sri Lanka were Singapore ($X), the United Arab Emirates ($X) and China ($X), together comprising 50% of total imports. South Korea, Thailand, India, Taiwan (Chinese) and Kuwait lagged somewhat behind, together accounting for a further 45%.

In terms of the main suppliers, Kuwait, with a CAGR of +158.0%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average aromatic hydrocarbon mixtures import price stood at $X per ton in 2022, jumping by 16% against the previous year. Overall, the import price continues to indicate a mild expansion. The pace of growth appeared the most rapid in 2021 an increase of 39%. 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 Taiwan (Chinese) ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kuwait (+63.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for naphthalene and other aromatic hydrocarbon mixtures in the world?

The countries with the highest volumes of in 2021 were China, Angola and Belgium, together comprising 53% of global consumption.

What are the largest producers of naphthalene and other aromatic hydrocarbon mixtures in the world?

The country with the largest volume of aromatic hydrocarbon mixtures production was Angola, comprising approx. 28% of total volume. Moreover, aromatic hydrocarbon mixtures production in Angola exceeded the figures recorded by the second-largest producer, Malaysia, fourfold. The Netherlands ranked third in terms of total production with a 5.8% share.

What are the leading suppliers of naphthalene and other aromatic hydrocarbon mixtures to Sri Lanka?

In value terms, India constituted the largest supplier of aromatic hydrocarbon mixtures to Sri Lanka, comprising 52% of total imports. The second position in the ranking was occupied by Vietnam, with an 8.8% share of total imports. It was followed by South Korea, with an 8.2% share.

What are the leading importers of naphthalene and other aromatic hydrocarbon mixtures from Sri Lanka?

In value terms, Vietnam remains the key foreign market for aromatic hydrocarbon mixtures exports from Sri Lanka.

What is the average export price for naphthalene and other aromatic hydrocarbon mixtures in Sri Lanka?

In 2021, the average aromatic hydrocarbon mixtures export price amounted to $702 per ton, increasing by 6.5% against the previous year.

What is the average import price for naphthalene and other aromatic hydrocarbon mixtures in Sri Lanka?

The average aromatic hydrocarbon mixtures import price stood at $1,063 per ton in 2021, picking up by 15% against the previous year.

This report provides an in-depth analysis of the aromatic hydrocarbon mixtures 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 20147340 - Naphthalene and other aromatic hydrocarbon mixtures (excluding benzole, toluole, xylole)

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