Price for Cloths; Floor Cloths, Dish-Cloths, Dusters and Similar Cleaning Cloths in Sri Lanka - 2022

Contents:

1. Price for Cloths; Floor Cloths, Dish-Cloths, Dusters and Similar Cleaning Cloths in Sri Lanka (CIF) - 2022
2. Price for Cloths; Floor Cloths, Dish-Cloths, Dusters and Similar Cleaning Cloths in Sri Lanka (FOB) - 2022
3. Imports of Cloths; Floor Cloths, Dish-Cloths, Dusters and Similar Cleaning Cloths in Sri Lanka
4. Exports of Cloths; Floor Cloths, Dish-Cloths, Dusters and Similar Cleaning Cloths in Sri Lanka

Price for Cloths; Floor Cloths, Dish-Cloths, Dusters and Similar Cleaning Cloths in Sri Lanka (CIF) - 2022

In 2022, the average import price for cloths; floor cloths, dish-cloths, dusters and similar cleaning clothses amounted to $5,418 per ton, increasing by 4.3% against the previous year. In general, the import price showed a perceptible increase. The most prominent rate of growth was recorded in 2018 an increase of 137% against the previous year. As a result, import price reached the peak level of $12,961 per ton. From 2019 to 2022, the average 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 South Korea ($25,803 per ton), while the price for India ($2,527 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+12.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Cloths; Floor Cloths, Dish-Cloths, Dusters and Similar Cleaning Cloths in Sri Lanka (FOB) - 2022

The average export price for cloths; floor cloths, dish-cloths, dusters and similar cleaning clothses stood at $18,913 per ton in 2022, with an increase of 81% against the previous year. In general, the export price posted a resilient expansion. The pace of growth was the most pronounced in 2017 an increase of 84% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to see steady growth in the near future.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was India ($21,823 per ton), while the average price for exports to Maldives ($14,333 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 Norway (+32.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cloths; Floor Cloths, Dish-Cloths, Dusters and Similar Cleaning Cloths in Sri Lanka

In 2022, the amount of cloths; floor cloths, dish-cloths, dusters and similar cleaning clothses imported into Sri Lanka contracted remarkably to 24 tons, shrinking by -85.6% against the year before. In general, imports saw a abrupt curtailment. The pace of growth appeared the most rapid in 2021 when imports increased by 787% against the previous year. As a result, imports reached the peak of 166 tons, and then reduced notably in the following year.

In value terms, imports of cloths; floor cloths, dish-cloths, dusters and similar cleaning clothses reduced remarkably to $130K in 2022. Over the period under review, imports showed a abrupt setback. The growth pace was the most rapid in 2021 when imports increased by 578% against the previous year. As a result, imports reached the peak of $864K, and then plummeted in the following year.

Top Suppliers of Cloths; Floor Cloths, Dish-Cloths, Dusters and Similar Cleaning Cloths to Sri Lanka in 2022:

1. China (12.1 tons)
2. India (7.7 tons)
3. Germany (0.8 tons)
4. South Korea (0.8 tons)
5. United States (0.7 tons)
6. Thailand (0.4 tons)

Exports of Cloths; Floor Cloths, Dish-Cloths, Dusters and Similar Cleaning Cloths in Sri Lanka

In 2022, the amount of cloths; floor cloths, dish-cloths, dusters and similar cleaning clothses exported from Sri Lanka declined markedly to 4.5 tons, with a decrease of -93.7% compared with the previous year. In general, exports continue to indicate a drastic downturn. The growth pace was the most rapid in 2021 when exports increased by 3,352%. As a result, the exports attained the peak of 71 tons, and then declined notably in the following year.

In value terms, exports of cloths; floor cloths, dish-cloths, dusters and similar cleaning clothses shrank sharply to $85K in 2022. Over the period under review, exports, however, posted a strong expansion. The pace of growth was the most pronounced in 2021 when exports increased by 2,925% against the previous year. As a result, the exports reached the peak of $747K, and then dropped rapidly in the following year.

Top Export Markets for Cloths; Floor Cloths, Dish-Cloths, Dusters and Similar Cleaning Cloths from Sri Lanka in 2022:

1. India (2379.0 kg)
2. United States (1066.0 kg)
3. Maldives (672.0 kg)
4. Italy (354.0 kg)

Source: IndexBox Market Intelligence Platform