Sri Lanka: Market for Organo-Sulphur Compounds And Other Organo-Inorganic Compounds 2024

Market Size for Organo-Sulphur Compounds And Other Organo-Inorganic Compounds in Sri Lanka

In 2022, after three years of growth, there was significant decline in the Sri Lankan market for organo-sulphur compounds and other organo-inorganic compounds, when its value decreased by -32% to $X. Overall, consumption recorded a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Exports of Organo-Sulphur Compounds And Other Organo-Inorganic Compounds

Exports from Sri Lanka

Exports of organo-sulphur compounds and other organo-inorganic compounds from Sri Lanka soared to X tons in 2022, jumping by 133% against 2021 figures. Over the period under review, exports, however, saw a pronounced shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by 760% against the previous year. Over the period under review, the exports of attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of organo-sulphur compounds and other organo-inorganic compounds surged to $X in 2022. In general, exports, however, recorded a deep downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 508% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Bangladesh (X tons) was the main destination for exports of organo-sulphur compounds and other organo-inorganic compounds from Sri Lanka, with a 60% share of total exports. Moreover, exports of organo-sulphur compounds and other organo-inorganic compounds to Bangladesh exceeded the volume sent to the second major destination, Maldives (X tons), threefold. Indonesia (X tons) ranked third in terms of total exports with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Bangladesh stood at +65.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Maldives (+13.5% per year) and Indonesia (+659,900.0% per year).

In value terms, Maldives ($X), Bangladesh ($X) and India ($X) were the largest markets for organo-sulphur compounds and other organo-inorganic compounds exported from Sri Lanka worldwide, with a combined 86% share of total exports. Indonesia lagged somewhat behind, accounting for a further 8.8%.

Among the main countries of destination, Indonesia, with a CAGR of +1,023,300.0%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for organo-sulphur compounds and other organo-inorganic compounds stood at $X per ton in 2022, declining by -20.4% against the previous year. Over the period under review, the export price continues to indicate a deep setback. The most prominent rate of growth was recorded in 2020 when the average export price increased by 40% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2013; however, from 2014 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 India ($X per ton), while the average price for exports to Bangladesh ($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 Indonesia (+55.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Organo-Sulphur Compounds And Other Organo-Inorganic Compounds

Imports into Sri Lanka

After three years of growth, overseas purchases of organo-sulphur compounds and other organo-inorganic compounds decreased by -33.8% to X tons in 2022. In general, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when imports increased by 136% against the previous year. Over the period under review, imports of reached the maximum at X tons in 2021, and then reduced notably in the following year.

In value terms, imports of organo-sulphur compounds and other organo-inorganic compounds contracted notably to $X in 2022. Overall, imports recorded a slight slump. The most prominent rate of growth was recorded in 2021 when imports increased by 77%. Imports peaked at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

Singapore (X tons), China (X tons) and Japan (X tons) were the main suppliers of imports of organo-sulphur compounds and other organo-inorganic compounds to Sri Lanka, with a combined 84% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +41.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X), China ($X) and Japan ($X) constituted the largest organo-sulphur compounds and other organo-inorganic compounds suppliers to Sri Lanka, together accounting for 82% of total imports.

Among the main suppliers, China, with a CAGR of +29.1%, recorded the highest rates of growth with regard to 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 import price for organo-sulphur compounds and other organo-inorganic compounds stood at $X per ton in 2022, with an increase of 4.8% against the previous year. Overall, the import price, however, showed a perceptible reduction. The most prominent rate of growth was recorded in 2021 an increase of 37% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+12.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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