Sri Lanka: Market for Natural Calcium And Aluminium Phosphates 2022

Market Size for Natural Calcium And Aluminium Phosphates in Sri Lanka

In 2021, after four years of growth, there was decline in the Sri Lankan market for natural calcium and aluminium phosphates, when its value decreased by -2.7% to $X. The market value increased at an average annual rate of +3.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Natural calcium and aluminium phosphates consumption peaked at $X in 2020, and then fell slightly in the following year.

Production of Natural Calcium And Aluminium Phosphates in Sri Lanka

In value terms, natural calcium and aluminium phosphates production shrank to $X in 2021 estimated in export price. In general, production, however, recorded a significant increase. The pace of growth appeared the most rapid in 2019 when the production volume increased by 76% against the previous year. Over the period under review, production reached the maximum level at $X in 2020, and then fell in the following year.

Exports of Natural Calcium And Aluminium Phosphates

Exports from Sri Lanka

In 2021, shipments abroad of natural calcium and aluminium phosphates increased by 21% to X tons, rising for the second year in a row after six years of decline. Over the period under review, exports, however, showed a noticeable slump. The pace of growth was the most pronounced in 2020 when exports increased by 130% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, natural calcium and aluminium phosphates exports surged to $X in 2021. Overall, exports showed significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 178%. The exports peaked in 2021 and are likely to see steady growth in the near future.

Exports by Country

India (X tons) was the main destination for natural calcium and aluminium phosphates exports from Sri Lanka, with a 88% share of total exports. Moreover, natural calcium and aluminium phosphates exports to India exceeded the volume sent to the second major destination, Slovenia (X tons), eightfold.

From 2012 to 2021, the average annual growth rate of volume to India stood at -3.6%.

In value terms, India ($X) remains the key foreign market for natural calcium and aluminium phosphates exports from Sri Lanka, comprising 89% of total exports. The second position in the ranking was taken by Slovenia ($X), with an 11% share of total exports.

From 2012 to 2021, the average annual growth rate of value to India amounted to +21.2%.

Export Prices by Country

The average export price for natural calcium and aluminium phosphates stood at $X per ton in 2021, surging by 35% against the previous year. In general, the export price continues to indicate a significant increase. The most prominent rate of growth was recorded in 2015 when the average export price increased by 36% against the previous year. Over the period under review, the average export prices hit record highs in 2021 and is likely to continue growth in the near future.

Average prices varied noticeably for the major overseas markets. In 2021, the country with the highest price was Slovenia ($X per ton), while the average price for exports to India stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to India (+25.7%).

Imports of Natural Calcium And Aluminium Phosphates

Imports into Sri Lanka

In 2021, the amount of natural calcium and aluminium phosphates imported into Sri Lanka fell significantly to X tons, which is down by -66.7% compared with 2020 figures. Overall, imports continue to indicate a deep downturn. The growth pace was the most rapid in 2016 when imports increased by 204%. As a result, imports attained the peak of X tons. From 2017 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, natural calcium and aluminium phosphates imports declined markedly to $X in 2021. Over the period under review, imports recorded a noticeable descent. The most prominent rate of growth was recorded in 2020 when imports increased by 44%. As a result, imports reached the peak of $X, and then shrank sharply in the following year.

Imports by Country

In 2021, the UK (X tons) constituted the largest natural calcium and aluminium phosphates supplier to Sri Lanka, accounting for a 81% share of total imports. Moreover, natural calcium and aluminium phosphates imports from the UK exceeded the figures recorded by the second-largest supplier, the United States (X kg), fourfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from the UK stood at -41.1%.

In value terms, the UK ($X) constituted the largest supplier of natural calcium and aluminium phosphates to Sri Lanka, comprising 68% of total imports. The second position in the ranking was taken by the United States ($X), with a 32% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from the UK amounted to +7.8%.

Import Prices by Country

The average import price for natural calcium and aluminium phosphates stood at $X per ton in 2021, with an increase of 129% against the previous year. Overall, the import price posted a significant expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was the United States ($X per ton), while the price for the UK stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+82.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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