Sri Lanka: Graphite Non-Electrical Articles Market 2024

Graphite Non-Electrical Articles Market Size in Sri Lanka

The Sri Lankan graphite non-electrical articles market expanded rapidly to $X in 2022, with an increase of 7.9% against the previous year. Over the period under review, the total consumption indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -3.0% against 2020 indices. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Graphite Non-Electrical Articles Production in Sri Lanka

In value terms, graphite non-electrical articles production expanded rapidly to $X in 2022 estimated in export price. Overall, the total production indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -4.8% against 2020 indices. The pace of growth appeared the most rapid in 2013 when the production volume increased by 30%. Graphite non-electrical articles production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Graphite Non-Electrical Articles Exports

Exports from Sri Lanka

In 2022, exports of non-electrical articles of graphite or other carbon from Sri Lanka declined remarkably to X tons, with a decrease of -93.4% on 2021 figures. Overall, exports continue to indicate a precipitous shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by 356%. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, graphite non-electrical articles exports dropped dramatically to $X in 2022. In general, exports faced a deep slump. The pace of growth was the most pronounced in 2021 with an increase of 585% against the previous year. As a result, the exports attained the peak of $X, and then declined sharply in the following year.

Exports by Country

New Zealand (X tons), Spain (X tons) and Australia (X kg) were the main destinations of graphite non-electrical articles exports from Sri Lanka, together comprising 96% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Spain (with a CAGR of +28.5%), while the other leaders experienced a decline.

In value terms, Spain ($X) emerged as the key foreign market for non-electrical articles of graphite or other carbon exports from Sri Lanka, comprising 74% of total exports. The second position in the ranking was taken by New Zealand ($X), with a 20% share of total exports. It was followed by the United States, with a 3.9% share.

From 2012 to 2022, the average annual growth rate of value to Spain totaled +25.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: New Zealand (-21.7% per year) and the United States (-33.6% per year).

Export Prices by Country

In 2022, the average graphite non-electrical articles export price amounted to $X per ton, shrinking by -38.7% against the previous year. In general, export price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when the average export price increased by 50% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to New Zealand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Africa (+13.5%), while the prices for the other major destinations experienced mixed trend patterns.

Graphite Non-Electrical Articles Imports

Imports into Sri Lanka

In 2022, supplies from abroad of non-electrical articles of graphite or other carbon increased by 43% to X tons, rising for the second year in a row after two years of decline. In general, imports, however, showed a mild reduction. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, graphite non-electrical articles imports surged to $X in 2022. Over the period under review, imports, however, recorded a perceptible descent. The pace of growth was the most pronounced in 2016 with an increase of 58% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

The United States (X tons), South Korea (X tons) and China (X tons) were the main suppliers of graphite non-electrical articles imports to Sri Lanka, with a combined 63% share of total imports. Japan, the United Arab Emirates, the UK and Spain lagged somewhat behind, together comprising a further 31%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United Arab Emirates (with a CAGR of +116.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of non-electrical articles of graphite or other carbon to Sri Lanka, comprising 45% of total imports. The second position in the ranking was taken by Japan ($X), with a 15% share of total imports. It was followed by the United Arab Emirates, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States totaled -1.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-10.6% per year) and the United Arab Emirates (+157.5% per year).

Import Prices by Country

In 2022, the average graphite non-electrical articles import price amounted to $X per ton, with a decrease of -15.3% against the previous year. Overall, the import price saw a mild reduction. The pace of growth was the most pronounced in 2016 when the average import price increased by 53%. Over the period under review, average import prices hit record highs at $X per ton in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

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 the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+19.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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