Sri Lanka: Market for Non-Ionic Surface-Active Agents (Excluding Soap) 2024

Market Size for Non-Ionic Surface-Active Agents (Excluding Soap) in Sri Lanka

The Sri Lankan market for non-ionic surface-active agents (excluding soap) was estimated at $X in 2021, rising by 14% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total consumption indicated a tangible increase from 2012 to 2021: its value increased at an average annual rate of +2.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -21.6% against 2019 indices. Non-ionic surface-active agents (excl. soap) consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Exports of Non-Ionic Surface-Active Agents (Excluding Soap)

Exports from Sri Lanka

In 2021, shipments abroad of non-ionic surface-active agents (excluding soap) increased by 42% to X tons, rising for the fourth consecutive year after two years of decline. In general, exports saw significant growth. The pace of growth was the most pronounced in 2015 when exports increased by 1,480% against the previous year. The exports peaked in 2021 and are likely to continue growth in the near future.

In value terms, non-ionic surface-active agents (excl. soap) exports soared to $X in 2021. Over the period under review, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2015 with an increase of 897% against the previous year. The exports peaked in 2021 and are likely to see steady growth in the near future.

Exports by Country

Vietnam (X tons), Indonesia (X tons) and Pakistan (X tons) were the main destinations of non-ionic surface-active agents (excl. soap) exports from Sri Lanka, together comprising 85% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Vietnam (with a CAGR of +712.2%), while the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), Indonesia ($X) and Pakistan ($X) appeared to be the largest markets for non-ionic surface-active agents (excl. soap) exported from Sri Lanka worldwide, with a combined 85% share of total exports.

Vietnam, with a CAGR of +635.8%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average export price for non-ionic surface-active agents (excluding soap) amounted to $X per ton, approximately reflecting the previous year. Over the period under review, the export price, however, showed a slight curtailment. The most prominent rate of growth was recorded in 2017 an increase of 35%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was India ($X per ton), while the average price for exports to Egypt ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Pakistan (+4.7%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Non-Ionic Surface-Active Agents (Excluding Soap)

Imports into Sri Lanka

In 2021, approx. X tons of non-ionic surface-active agents (excluding soap) were imported into Sri Lanka; increasing by 13% on 2020. Over the period under review, total imports indicated a strong expansion from 2012 to 2021: its volume increased at an average annual rate of +7.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +62.9% against 2017 indices. The most prominent rate of growth was recorded in 2018 when imports increased by 43% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to see steady growth in years to come.

In value terms, non-ionic surface-active agents (excl. soap) imports skyrocketed to $X in 2021. Overall, total imports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +7.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +79.9% against 2017 indices. The pace of growth appeared the most rapid in 2018 with an increase of 38% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are likely to continue growth in years to come.

Imports by Country

India (X tons), China (X tons) and Taiwan (Chinese) (X tons) were the main suppliers of non-ionic surface-active agents (excl. soap) imports to Sri Lanka, together accounting for 38% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +39.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, India ($X), China ($X) and Germany ($X) were the largest non-ionic surface-active agents (excl. soap) suppliers to Sri Lanka, with a combined 39% share of total imports.

China, with a CAGR of +43.0%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for non-ionic surface-active agents (excluding soap) stood at $X per ton in 2021, rising by 14% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. Over the period under review, average import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Singapore ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+10.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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