Price for Clothing; Parts, Knitted or Crocheted in Sri Lanka - 2021
Contents:
- Price for Clothing; Parts, Knitted or Crocheted in Sri Lanka (CIF) - 2022
- Price for Clothing; Parts, Knitted or Crocheted in Sri Lanka (FOB) - 2022
- Imports of Clothing; Parts, Knitted or Crocheted in Sri Lanka
- Exports of Clothing; Parts, Knitted or Crocheted in Sri Lanka
Price for Clothing; Parts, Knitted or Crocheted in Sri Lanka (CIF) - 2022
In 2022, the average import price for clothing; parts, knitted or crocheted amounted to $10,493 per ton, with a decrease of -25.2% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 28% against the previous year. The import price peaked at $17,253 per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.
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 Hong Kong SAR ($15,323 per ton), while the price for Bangladesh ($1,500 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+3.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Clothing; Parts, Knitted or Crocheted in Sri Lanka (FOB) - 2022
In 2022, the average export price for clothing; parts, knitted or crocheted amounted to $14,506 per ton, waning by -49.8% against the previous year. In general, the export price continues to indicate a mild slump. The growth pace was the most rapid in 2017 an increase of 64% against the previous year. Over the period under review, the average export prices hit record highs at $29,874 per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($44,380 per ton), while the average price for exports to Australia ($4,796 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 Kenya (+33.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Clothing; Parts, Knitted or Crocheted in Sri Lanka
In 2022, overseas purchases of clothing; parts, knitted or crocheted were finally on the rise to reach 794 tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, continue to indicate a noticeable setback.
In value terms, clothing; parts, knitted or crocheted imports soared to $8.3M in 2022. In general, imports, however, recorded a abrupt slump.
| Import of Clothing; Parts, Knitted or Crocheted in Sri Lanka (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | N/A | 0.1 | 0.1 | 4.0 | 532.5% |
| China | 10.7 | 5.2 | 2.1 | 2.2 | -41.0% |
| Taiwan (Chinese) | 3.6 | 4.1 | 3.1 | 0.9 | -37.0% |
| Indonesia | N/A | N/A | N/A | 0.3 | 0% |
| Hong Kong SAR | 0.1 | N/A | N/A | 0.3 | 44.2% |
| Thailand | 0.1 | 0.1 | 0.2 | 0.2 | 26.0% |
| Bangladesh | N/A | N/A | N/A | N/A | 0% |
| Others | 0.2 | 0.1 | 0.6 | 0.5 | 35.7% |
| Total | 14.8 | 9.8 | 6.2 | 8.3 | -17.5% |
Top Suppliers of Clothing; Parts, Knitted or Crocheted to Sri Lanka in 2022:
- India (295.3 tons)
- China (248.9 tons)
- Indonesia (89.8 tons)
- Taiwan (Chinese) (79.6 tons)
- Thailand (26.2 tons)
- Hong Kong SAR (22.4 tons)
- Bangladesh (17.6 tons)
Exports of Clothing; Parts, Knitted or Crocheted in Sri Lanka
Clothing; parts, knitted or crocheted exports from Sri Lanka declined sharply to 53 tons in 2022, with a decrease of -64.5% compared with the previous year's figure. Overall, exports saw a dramatic slump. The most prominent rate of growth was recorded in 2021 with an increase of 21% against the previous year.
In value terms, clothing; parts, knitted or crocheted exports dropped markedly to $774K in 2022. Over the period under review, exports showed a dramatic setback. The most prominent rate of growth was recorded in 2021 with an increase of 32% against the previous year.
| Export of Clothing; Parts, Knitted or Crocheted in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 124 | 39.1 | 17.4 | 231 | 23.0% |
| India | 4,284 | 2,122 | 3,883 | 188 | -64.7% |
| United States | 39.9 | 28.9 | 14.1 | 113 | 41.5% |
| Australia | N/A | N/A | N/A | 91.8 | 0% |
| Vietnam | 7.7 | 757 | 30.9 | 54.2 | 91.6% |
| Japan | N/A | N/A | N/A | 28.4 | 0% |
| Kenya | N/A | N/A | 14.9 | 25.8 | 73.2% |
| Malaysia | N/A | 11.8 | N/A | N/A | 0% |
| Romania | 184 | 125 | 110 | N/A | -22.7% |
| Others | 380 | 197 | 274 | 41.6 | -52.2% |
| Total | 5,020 | 3,281 | 4,345 | 774 | -46.4% |
Top Export Markets for Clothing; Parts, Knitted or Crocheted from Sri Lanka in 2022:
- United Kingdom (21.6 tons)
- Australia (19.2 tons)
- India (4.2 tons)
- United States (2.7 tons)
- Vietnam (2.4 tons)
- Kenya (1.2 tons)
- Japan (1.0 tons)
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