Sri Lanka - Synthetic Latex Rubber - Market Analysis, Forecast, Size, Trends And Insights
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View PricingSynthetic Latex Rubber Price in Sri Lanka - 2021
Contents:
- Synthetic Latex Rubber Price in Sri Lanka (CIF) - 2022
- Synthetic Latex Rubber Price in Sri Lanka (FOB) - 2022
- Synthetic Latex Rubber Imports in Sri Lanka
- Synthetic Latex Rubber Exports in Sri Lanka
Synthetic Latex Rubber Price in Sri Lanka (CIF) - 2022
The average synthetic latex rubber import price stood at $1,658 per ton in 2022, falling by -8.2% against the previous year. Overall, the import price showed a slight reduction. The most prominent rate of growth was recorded in 2019 when the average import price increased by 135%. Over the period under review, average import prices attained the peak figure at $1,901 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($3,716 per ton), while the price for India ($1,082 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+2.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Synthetic Latex Rubber Price in Sri Lanka (FOB) - 2022
The average synthetic latex rubber export price stood at $7,931 per ton in 2022, picking up by 51% against the previous year. Over the period under review, the export price continues to indicate a notable expansion. The pace of growth was the most pronounced in 2019 when the average export price increased by 156%. The export price peaked in 2022 and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Portugal ($8,147 per ton), while the average price for exports to Maldives totaled $1,244 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+45.7%), while the prices for the other major destinations experienced more modest paces of growth.
Synthetic Latex Rubber Imports in Sri Lanka
In 2022, the amount of synthetic latex rubber imported into Sri Lanka expanded rapidly to 34K tons, increasing by 12% on the year before. The total import volume increased at an average annual rate of +4.4% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 14%. Imports peaked in 2022 and are likely to continue growth in the immediate term.
In value terms, synthetic latex rubber imports expanded modestly to $57M in 2022. Overall, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 15% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.
| Import of Synthetic Latex Rubber in Sri Lanka (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 21.7 | 16.5 | 10.3 | 19.8 | -3.0% |
| Japan | 13.0 | 10.3 | 12.9 | 14.7 | 4.2% |
| Taiwan (Chinese) | 0.7 | 3.1 | 6.9 | 6.3 | 108.0% |
| South Korea | 7.9 | 5.2 | 8.1 | 5.7 | -10.3% |
| China | 3.2 | 3.8 | 5.0 | 2.9 | -3.2% |
| Germany | 2.9 | 2.2 | 1.4 | 2.3 | -7.4% |
| India | 0.1 | 0.1 | 0.6 | 2.1 | 175.9% |
| Italy | 5.5 | 6.1 | 9.1 | 1.3 | -38.2% |
| Thailand | 0.4 | 0.1 | 0.4 | 0.8 | 26.0% |
| Others | 0.3 | 0.2 | 0.1 | 0.6 | 26.0% |
| Total | 55.5 | 47.5 | 54.8 | 56.6 | 0.7% |
Top Suppliers of Synthetic Latex Rubber to Sri Lanka in 2022:
- Malaysia (10.5K tons)
- Japan (8.3K tons)
- Taiwan (Chinese) (4.7K tons)
- South Korea (4.1K tons)
- China (2.4K tons)
- India (2.0K tons)
- Germany (0.6K tons)
- Thailand (0.6K tons)
- Italy (0.5K tons)
Synthetic Latex Rubber Exports in Sri Lanka
For the third consecutive year, Sri Lanka recorded decline in shipments abroad of synthetic latex rubber, which decreased by -97.9% to 987 kg in 2022. Overall, exports faced a dramatic contraction. The smallest decline of -24.4% was in 2021.
In value terms, synthetic latex rubber exports fell notably to $7.8K in 2022. In general, exports continue to indicate a sharp slump. The smallest decline of -37.7% was in 2020.
| Export of Synthetic Latex Rubber in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Portugal | N/A | 9.0 | 0.3 | 7.8 | -6.9% |
| Thailand | N/A | N/A | 31.2 | N/A | 0% |
| Belgium | 58.6 | N/A | N/A | N/A | 0% |
| Malaysia | 396 | N/A | 67.0 | N/A | -58.9% |
| United Kingdom | 69.7 | 432 | N/A | N/A | 519.8% |
| Maldives | N/A | N/A | N/A | N/A | 0% |
| Pakistan | 160 | N/A | 0.8 | N/A | -92.9% |
| Others | 23.0 | N/A | 151 | N/A | 156.2% |
| Total | 708 | 441 | 250 | 7.8 | -77.7% |
Top Export Markets for Synthetic Latex Rubber from Sri Lanka in 2022:
- Portugal (955.0 kg)
- Maldives (30.0 kg)
This report provides an in-depth analysis of the synthetic latex rubber market 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 20171050 - Synthetic latex rubber
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:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
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
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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