Sri Lanka: Market for Oils And Other Products Of The Distillation Of High Temperature Coal Tar 2024

Market Size for Oils And Other Products Of The Distillation Of High Temperature Coal Tar in Sri Lanka

In 2021, the Sri Lankan oils from coal tar market decreased by -63% to $X, falling for the second consecutive year after three years of growth. Over the period under review, consumption continues to indicate a abrupt contraction. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a lower figure.

Exports of Oils And Other Products Of The Distillation Of High Temperature Coal Tar

Exports from Sri Lanka

In 2021, shipments abroad of oils and other products of the distillation of high temperature coal tar decreased by -11.2% to X tons, falling for the second consecutive year after two years of growth. In general, exports, however, showed measured growth. The pace of growth was the most pronounced in 2016 when exports increased by 840% against the previous year. As a result, the exports reached the peak of X tons. From 2017 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, oils from coal tar exports expanded notably to $X in 2021. Over the period under review, exports, however, showed a strong expansion. The pace of growth was the most pronounced in 2016 with an increase of 1,071% against the previous year. As a result, the exports reached the peak of $X. From 2017 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Vietnam (X tons) was the main destination for oils from coal tar exports from Sri Lanka, with a 91% share of total exports. Moreover, oils from coal tar exports to Vietnam exceeded the volume sent to the second major destination, Maldives (X kg), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Vietnam amounted to +16.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Maldives (+114.5% per year) and the Netherlands (0.0% per year).

In value terms, Vietnam ($X) remains the key foreign market for oils and other products of the distillation of high temperature coal tar exports from Sri Lanka, comprising 77% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a 12% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Vietnam amounted to +12.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (0.0% per year) and Maldives (+125.9% per year).

Export Prices by Country

In 2021, the average oils from coal tar export price amounted to $X per ton, jumping by 23% against the previous year. Overall, export price indicated a mild increase from 2012 to 2021: its price increased at an average annual rate of +1.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 an increase of 51%. Over the period under review, the average export prices reached the maximum at $X per ton in 2016; however, from 2017 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Vietnam ($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 Malaysia (+30.4%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Oils And Other Products Of The Distillation Of High Temperature Coal Tar

Imports into Sri Lanka

In 2021, approx. X tons of oils and other products of the distillation of high temperature coal tar were imported into Sri Lanka; dropping by -68% on 2020. Over the period under review, imports faced a deep downturn. The most prominent rate of growth was recorded in 2017 when imports increased by 9.2% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, oils from coal tar imports declined notably to $X in 2021. Overall, imports showed a abrupt slump. The most prominent rate of growth was recorded in 2014 when imports increased by 15%. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Taiwan (Chinese) (X tons), Thailand (X tons) and India (X tons) were the main suppliers of oils from coal tar imports to Sri Lanka, together accounting for 46% of total imports. The United Arab Emirates, Singapore, the UK, South Korea and Vietnam lagged somewhat behind, together accounting for a further 36%.

From 2012 to 2021, 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 +19.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, India ($X), Taiwan (Chinese) ($X) and Thailand ($X) were the largest oils from coal tar suppliers to Sri Lanka, together comprising 44% of total imports. The United Arab Emirates, Singapore, the UK, South Korea and Vietnam lagged somewhat behind, together accounting for a further 33%.

Among the main suppliers, the United Arab Emirates, with a CAGR of +10.7%, saw 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

In 2021, the average oils from coal tar import price amounted to $X per ton, growing by 23% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 an increase of 25%. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+4.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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