Price for Dyes; Pigments and Preparations Based Thereon in Sri Lanka - 2022
Contents:
- Price for Dyes; Pigments and Preparations Based Thereon in Sri Lanka (CIF) - 2022
- Price for Dyes; Pigments and Preparations Based Thereon in Sri Lanka (FOB) - 2022
- Imports of Dyes; Pigments and Preparations Based Thereon in Sri Lanka
- Exports of Dyes; Pigments and Preparations Based Thereon in Sri Lanka
Price for Dyes; Pigments and Preparations Based Thereon in Sri Lanka (CIF) - 2022
The average import price for dyes; pigments and preparations based therea stood at $9,110 per ton in 2022, surging by 8.3% against the previous year. Over the last decade, it increased at an average annual rate of +1.3%. The most prominent rate of growth was recorded in 2019 when the average import price increased by 40%. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($22,360 per ton), while the price for Vietnam ($3,143 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+15.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Dyes; Pigments and Preparations Based Thereon in Sri Lanka (FOB) - 2022
In 2022, the average export price for dyes; pigments and preparations based therea amounted to $4,818 per ton, approximately mirroring the previous year. In general, the export price, however, recorded notable growth. The growth pace was the most rapid in 2019 an increase of 85% against the previous year. As a result, the export price attained the peak level of $8,589 per ton. From 2020 to 2022, the average 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 UK ($9,971 per ton), while the average price for exports to Bangladesh ($4,002 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 the UK (+15.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Dyes; Pigments and Preparations Based Thereon in Sri Lanka
In 2022, the amount of dyes; pigments and preparations based therea imported into Sri Lanka dropped rapidly to 1.2K tons, which is down by -20.6% on 2021 figures. In general, imports saw a abrupt decrease. The smallest decline of -1.3% was in 2020.
In value terms, imports of dyes; pigments and preparations based therea contracted to $11M in 2022. Over the period under review, imports recorded a slight decrease. The growth pace was the most rapid in 2021 with an increase of 15%. As a result, imports attained the peak of $12M, and then declined in the following year.
| Import of Dyes; Pigments and Preparations Based Thereon in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2,988 | 3,239 | 3,324 | 2,419 | -6.8% |
| Italy | 41.7 | 42.3 | 40.8 | 1,854 | 254.3% |
| India | 2,729 | 2,546 | 3,112 | 1,819 | -12.6% |
| United Kingdom | 1,095 | 1,332 | 1,684 | 1,742 | 16.7% |
| Turkey | 498 | 196 | 309 | 414 | -6.0% |
| Japan | 178 | 101 | 305 | 356 | 26.0% |
| United States | 379 | 233 | 295 | 324 | -5.1% |
| Singapore | 369 | 436 | 452 | 300 | -6.7% |
| Germany | 761 | 830 | 812 | 262 | -29.9% |
| Malaysia | 312 | 391 | 422 | 255 | -6.5% |
| Thailand | 219 | 147 | 159 | 118 | -18.6% |
| Vietnam | 89.6 | 135 | 120 | 99.8 | 3.7% |
| Saudi Arabia | 140 | 179 | 218 | N/A | 24.8% |
| Others | 1,037 | 845 | 955 | 543 | -19.4% |
| Total | 10,835 | 10,650 | 12,208 | 10,507 | -1.0% |
Top Suppliers of Dyes; Pigments and Preparations Based Thereon to Sri Lanka in 2022:
- China (293.8 tons)
- United Kingdom (228.6 tons)
- India (213.9 tons)
- Italy (132.9 tons)
- Turkey (76.7 tons)
- Japan (40.8 tons)
- Vietnam (31.8 tons)
- Singapore (27.5 tons)
- United States (19.3 tons)
- Malaysia (17.7 tons)
- Thailand (16.0 tons)
- Germany (11.7 tons)
Exports of Dyes; Pigments and Preparations Based Thereon in Sri Lanka
In 2022, after three years of growth, there was significant decline in overseas shipments of dyes; pigments and preparations based therea, when their volume decreased by -8.8% to 159 tons. In general, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 503%.
In value terms, exports of dyes; pigments and preparations based therea reduced to $766K in 2022. Overall, exports, however, saw a significant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 261% against the previous year.
| Export of Dyes; Pigments and Preparations Based Thereon in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bangladesh | 112 | 435 | 708 | 543 | 69.2% |
| United Kingdom | 0.6 | 1.5 | N/A | 111 | 469.8% |
| India | 3.6 | 4.0 | 48.8 | 63.1 | 159.8% |
| Philippines | 3.0 | 12.5 | 19.9 | 16.9 | 77.9% |
| Others | 16.5 | 35.9 | 66.0 | 32.6 | 25.5% |
| Total | 135 | 489 | 842 | 766 | 78.4% |
Top Export Markets for Dyes; Pigments and Preparations Based Thereon from Sri Lanka in 2022:
- Bangladesh (135.6 tons)
- United Kingdom (11.1 tons)
- India (7.4 tons)
- Philippines (2.7 tons)
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