Sri Lanka: Oxygen-Function Amino-Compound Market 2024

Oxygen-Function Amino-Compound Market Size in Sri Lanka

The Sri Lankan oxygen-function amino-compound market soared to $X in 2021, picking up by 24% 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). Over the period under review, consumption enjoyed a strong increase. Over the period under review, the market hit record highs in 2021 and is expected to retain growth in the near future.

Oxygen-Function Amino-Compound Exports

Exports from Sri Lanka

In 2021, approx. X tons of oxygen-function amino-compounds were exported from Sri Lanka; rising by 90% on the previous year's figure. In general, exports enjoyed a resilient expansion. The pace of growth appeared the most rapid in 2013 with an increase of 99% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports failed to regain momentum.

In value terms, oxygen-function amino-compound exports surged to $X in 2021. Over the period under review, exports continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2019 with an increase of 540% against the previous year. The exports peaked in 2021 and are likely to see steady growth in the immediate term.

Exports by Country

Switzerland (X tons) was the main destination for oxygen-function amino-compound exports from Sri Lanka, accounting for a 49% share of total exports. Moreover, oxygen-function amino-compound exports to Switzerland exceeded the volume sent to the second major destination, Bangladesh (X tons), twofold. The third position in this ranking was held by India (X tons), with a 19% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Switzerland was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Bangladesh (-4.7% per year) and India (+3.5% per year).

In value terms, Switzerland ($X) emerged as the key foreign market for oxygen-function amino-compounds exports from Sri Lanka, comprising 76% of total exports. The second position in the ranking was taken by India ($X), with a 14% share of total exports. It was followed by Maldives, with an 8.9% share.

From 2012 to 2021, the average annual growth rate of value to Switzerland stood at +208.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (-4.8% per year) and Maldives (+16.7% per year).

Export Prices by Country

In 2021, the average oxygen-function amino-compound export price amounted to $X per ton, declining by -29.9% against the previous year. Over the period under review, the export price, however, posted a buoyant expansion. The pace of growth was the most pronounced in 2019 when the average export price increased by 327%. Over the period under review, the average export prices reached the maximum at $X per ton in 2020, and then fell significantly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Switzerland ($X per ton), while the average price for exports to Bangladesh ($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 Maldives (+19.5%), while the prices for the other major destinations experienced a decline.

Oxygen-Function Amino-Compound Imports

Imports into Sri Lanka

In 2021, the amount of oxygen-function amino-compounds imported into Sri Lanka surged to X tons, jumping by 23% against 2020. Over the period under review, imports saw a buoyant increase. The most prominent rate of growth was recorded in 2013 when imports increased by 97% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in the immediate term.

In value terms, oxygen-function amino-compound imports skyrocketed to $X in 2021. Overall, imports enjoyed a prominent expansion. The pace of growth was the most pronounced in 2013 when imports increased by 49% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest oxygen-function amino-compound supplier to Sri Lanka, with a 86% share of total imports. It was followed by Thailand (X tons), with a 1.9% share of total imports. India (X tons) ranked third in terms of total imports with a 1.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +19.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+19.8% per year) and India (+8.9% per year).

In value terms, China ($X) constituted the largest supplier of oxygen-function amino-compounds to Sri Lanka, comprising 79% of total imports. The second position in the ranking was taken by India ($X), with a 3.4% share of total imports. It was followed by the United States, with a 3.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +18.4%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+8.5% per year) and the United States (+2.3% per year).

Import Prices by Country

In 2021, the average oxygen-function amino-compound import price amounted to $X per ton, surging by 1.6% against the previous year. Over the period under review, the import price, however, recorded a mild decrease. The pace of growth appeared the most rapid in 2014 when the average import price increased by 24%. Over the period under review, average import prices hit record highs at $X per ton in 2015; however, from 2016 to 2021, 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 the United States ($X per ton), while the price for Saudi Arabia ($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 (+4.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :