Price for Artificial Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Sri Lanka - 2022
Contents:
- Price for Artificial Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Sri Lanka (CIF) - 2022
- Price for Artificial Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Sri Lanka (FOB) - 2022
- Imports of Artificial Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Sri Lanka
- Exports of Artificial Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Sri Lanka
Price for Artificial Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Sri Lanka (CIF) - 2022
The average import price for artificial staple fibres, not carded, combed or otherwise processed for spinning stood at $3,038 per ton in 2022, surging by 22% against the previous year. Over the last decade, it increased at an average annual rate of +2.5%. The growth pace was the most rapid in 2020 when the average import price increased by 24% against the previous year. The import price peaked 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 the United States ($5,361 per ton), while the price for Singapore ($1,624 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+6.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Artificial Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Sri Lanka (FOB) - 2022
In 2022, the average export price for artificial staple fibres, not carded, combed or otherwise processed for spinning amounted to $2,878 per ton, remaining relatively unchanged against the previous year. In general, the export price, however, showed a slight contraction. The most prominent rate of growth was recorded in 2017 when the average export price increased by 10% against the previous year. Over the period under review, the average export prices reached the peak figure at $3,294 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was South Korea ($5,750 per ton), while the average price for exports to India ($2,734 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 South Korea (+12.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Artificial Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Sri Lanka
In 2022, overseas purchases of artificial staple fibres, not carded, combed or otherwise processed for spinning decreased by -54.7% to 8.3K tons, falling for the second consecutive year after two years of growth. In general, imports, however, showed a buoyant increase. The most prominent rate of growth was recorded in 2020 with an increase of 444% against the previous year. As a result, imports reached the peak of 29K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of artificial staple fibres, not carded, combed or otherwise processed for spinning dropped dramatically to $25M in 2022. Overall, imports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 577%. As a result, imports attained the peak of $67M. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Artificial Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Sri Lanka (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Austria | 3.3 | 31.9 | 29.1 | 20.4 | 83.5% |
| Thailand | 4.1 | 16.9 | 8.8 | 3.8 | -2.5% |
| Singapore | 0.4 | 3.0 | 0.8 | 0.4 | 0.0% |
| United Kingdom | 0.3 | 2.7 | 2.4 | 0.4 | 10.1% |
| China | 1.0 | 5.8 | 0.1 | N/A | -68.4% |
| United States | 0.7 | 6.0 | 4.5 | N/A | 153.5% |
| Others | 0.1 | 0.5 | 0.3 | 0.2 | 26.0% |
| Total | 9.8 | 66.7 | 46.0 | 25.3 | 37.2% |
Top Suppliers of Artificial Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning to Sri Lanka in 2022:
- Austria (5.7K tons)
- Thailand (2.1K tons)
- Singapore (0.2K tons)
- United Kingdom (0.2K tons)
Exports of Artificial Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Sri Lanka
In 2022, overseas shipments of artificial staple fibres, not carded, combed or otherwise processed for spinning decreased by -22.5% to 6.3K tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports showed a deep downturn. The growth pace was the most rapid in 2021 when exports increased by 4%. As a result, the exports attained the peak of 8.1K tons, and then dropped remarkably in the following year.
In value terms, exports of artificial staple fibres, not carded, combed or otherwise processed for spinning fell significantly to $18M in 2022. In general, exports showed a deep contraction. The most prominent rate of growth was recorded in 2020 when exports increased by 1.3% against the previous year.
| Export of Artificial Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Sri Lanka (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 16.5 | 15.0 | 15.4 | 13.6 | -6.2% |
| China | 0.7 | 1.0 | 1.6 | 1.8 | 37.0% |
| Indonesia | 1.0 | 0.3 | 0.2 | 1.2 | 6.3% |
| Pakistan | 0.9 | 0.3 | 0.6 | 0.4 | -23.7% |
| Bangladesh | 1.5 | 3.3 | 3.2 | 0.4 | -35.6% |
| Thailand | 0.4 | 0.4 | 0.8 | 0.3 | -9.1% |
| South Korea | 1.1 | 1.7 | 0.9 | 0.2 | -43.3% |
| Others | 0.3 | 0.7 | 0.4 | 0.3 | 0.0% |
| Total | 22.4 | 22.7 | 23.0 | 18.0 | -7.0% |
Top Export Markets for Artificial Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning from Sri Lanka in 2022:
- India (4956.4 tons)
- China (562.3 tons)
- Indonesia (323.6 tons)
- Bangladesh (148.2 tons)
- Thailand (82.8 tons)
- Pakistan (73.6 tons)
- South Korea (26.8 tons)
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