Report Update Nov 1, 2024

Sri Lanka - Phthalic Anhydride, Terephthalic Acid and Its Salts - Market Analysis, Forecast, Size, Trends and Insights

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Sri Lanka: Market for Phthalic Anhydride, Terephthalic Acid And Its Salts 2024

Market Size for Phthalic Anhydride, Terephthalic Acid And Its Salts in Sri Lanka

The Sri Lankan market for phthalic anhydride, terephthalic acid and its salts surged to $X in 2021, increasing by 18% against the previous year. In general, consumption, however, saw a abrupt shrinkage. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Phthalic Anhydride, Terephthalic Acid And Its Salts in Sri Lanka

In value terms, phthalic anhydride and terephthalic acid production rose notably to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a deep setback. Phthalic anhydride and terephthalic acid production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Phthalic Anhydride, Terephthalic Acid And Its Salts

Exports from Sri Lanka

In 2021, phthalic anhydride and terephthalic acid exports from Sri Lanka fell dramatically to X tons, with a decrease of -62.5% against 2020 figures. In general, exports faced a precipitous slump. The exports peaked at X tons in 2020, and then reduced remarkably in the following year.

In value terms, phthalic anhydride and terephthalic acid exports reduced rapidly to $X in 2021. Overall, exports showed a sharp slump. Over the period under review, the exports hit record highs at $X in 2020, and then declined sharply in the following year.

Exports by Country

Oman (X tons) was the main destination for phthalic anhydride and terephthalic acid exports from Sri Lanka, accounting for a approx. 100% share of total exports.

From 2020 to 2021, the average annual growth rate of volume to Oman amounted to -62.5%.

In value terms, Oman ($X) also remains the key foreign market for phthalic anhydride, terephthalic acid and its salts exports from Sri Lanka.

From 2020 to 2021, the average annual growth rate of value to Oman totaled -64.8%.

Export Prices by Country

The average export price for phthalic anhydride, terephthalic acid and its salts stood at $X per ton in 2021, reducing by -6.2% against the previous year. Overall, the export price continues to indicate a abrupt downturn. Over the period under review, the average export prices attained the peak figure at $X per ton in 2020, and then declined in the following year.

As there is only one major export destination, the average price level is determined by prices for Oman.

From 2020 to 2021, the rate of growth in terms of prices for Oman amounted to -6.1% per year.

Imports of Phthalic Anhydride, Terephthalic Acid And Its Salts

Imports into Sri Lanka

In 2021, phthalic anhydride and terephthalic acid imports into Sri Lanka surged to X tons, jumping by 24% compared with 2020. The total import volume increased at an average annual rate of +3.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2014 with an increase of 43% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, phthalic anhydride and terephthalic acid imports skyrocketed to $X in 2021. Over the period under review, imports, however, showed a noticeable curtailment. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

India (X tons), South Korea (X tons) and China (X tons) were the main suppliers of phthalic anhydride and terephthalic acid imports to Sri Lanka, together comprising 95% of total imports.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +23.2%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest phthalic anhydride and terephthalic acid suppliers to Sri Lanka were India ($X), South Korea ($X) and China ($X), with a combined 94% share of total imports.

Among the main suppliers, China, with a CAGR of +18.3%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average import price for phthalic anhydride, terephthalic acid and its salts amounted to $X per ton, with an increase of 30% against the previous year. In general, the import price, however, saw a deep setback. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were Taiwan (Chinese) ($X per ton) and India ($X per ton), while the price for South Korea ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (-3.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for phthalic anhydride, terephthalic acid and its salts in the world?

The countries with the highest volumes of in 2021 were China, India and the United States, with a combined 39% share of global consumption. These countries were followed by Pakistan, Turkey, Taiwan Chinese), Russia, Brazil, South Korea, Indonesia, Mexico, Vietnam and Oman, which together accounted for a further 31%.

What are the largest producers of phthalic anhydride, terephthalic acid and its salts in the world?

China remains the largest phthalic anhydride and terephthalic acid producing country worldwide, comprising approx. 22% of total volume. Moreover, phthalic anhydride and terephthalic acid production in China exceeded the figures recorded by the second-largest producer, the United States, threefold. The third position in this ranking was occupied by India, with a 7.3% share.

What are the leading suppliers of phthalic anhydride, terephthalic acid and its salts to Sri Lanka?

In value terms, India constituted the largest supplier of phthalic anhydride and terephthalic acid to Sri Lanka, comprising 52% of total imports. The second position in the ranking was occupied by Taiwan Chinese), with a 20% share of total imports. It was followed by China, with a 16% share.

What is the average import price for phthalic anhydride, terephthalic acid and its salts in Sri Lanka?

The average import price for phthalic anhydride, terephthalic acid and its salts stood at $1,057 per ton in 2021, increasing by 38% against the previous year.

This report provides an in-depth analysis of the market for phthalic anhydride and terephthalic acid in Sri Lanka. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20143430 - Phthalic anhydride, terephthalic acid and its salts

Country coverage:

Sri Lanka

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Sri Lanka
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

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This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
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While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023