Price for Cotton Yarn (Other than Sewing Thread), Put Up for Retail Sale in Sri Lanka - 2022
Contents:
- Price for Cotton Yarn (Other than Sewing Thread), Put Up for Retail Sale in Sri Lanka (CIF) - 2022
- Price for Cotton Yarn (Other than Sewing Thread), Put Up for Retail Sale in Sri Lanka (FOB) - 2022
- Imports of Cotton Yarn (Other than Sewing Thread), Put Up for Retail Sale in Sri Lanka
- Exports of Cotton Yarn (Other than Sewing Thread), Put Up for Retail Sale in Sri Lanka
Price for Cotton Yarn (Other than Sewing Thread), Put Up for Retail Sale in Sri Lanka (CIF) - 2022
The average import price for cotton yarn (other than sewing thread), put up for retail sale stood at $5,614 per ton in 2022, surging by 24% against the previous year. Over the period under review, import price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for cotton yarn (other than sewing thread), put up for retail sale increased by +84.5% against 2018 indices. The most prominent rate of growth was recorded in 2016 when the average import price increased by 62% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($32,053 per ton), while the price for Indonesia ($2,518 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+22.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Cotton Yarn (Other than Sewing Thread), Put Up for Retail Sale in Sri Lanka (FOB) - 2022
In 2022, the average export price for cotton yarn (other than sewing thread), put up for retail sale amounted to $4,761 per ton, which is down by -2.7% against the previous year. Over the period under review, the export price recorded a pronounced curtailment. The most prominent rate of growth was recorded in 2014 when the average export price increased by 30%. As a result, the export price reached the peak level of $7,054 per ton. From 2015 to 2022, the average 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 Pakistan ($21,263 per ton), while the average price for exports to India ($874 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 Australia (+103.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Cotton Yarn (Other than Sewing Thread), Put Up for Retail Sale in Sri Lanka
In 2022, approx. 29 tons of cotton yarn (other than sewing thread), put up for retail sale were imported into Sri Lanka; which is down by -46.2% against 2021. Over the period under review, imports continue to indicate a sharp setback. The pace of growth appeared the most rapid in 2021 with an increase of 14% against the previous year.
In value terms, imports of cotton yarn (other than sewing thread), put up for retail sale contracted rapidly to $162K in 2022. Overall, imports showed a sharp setback. The pace of growth was the most pronounced in 2021 when imports increased by 28% against the previous year.
| Import of Cotton Yarn (Other than Sewing Thread), Put Up for Retail Sale in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Pakistan | 31.0 | 16.1 | 29.9 | 52.3 | 19.0% |
| Malaysia | 10.4 | 4.3 | 32.4 | 28.9 | 40.6% |
| Indonesia | 120 | 25.3 | 11.1 | 17.4 | -47.5% |
| South Korea | 25.5 | 13.6 | 21.1 | 10.8 | -24.9% |
| Australia | 50.6 | 8.2 | 9.3 | 8.7 | -44.4% |
| China | 104 | 50.4 | 46.5 | 7.1 | -59.1% |
| India | 266 | 43.8 | 61.0 | 6.7 | -70.7% |
| Hong Kong SAR | 22.3 | 1.1 | 2.9 | 6.2 | -34.7% |
| Others | 149 | 27.7 | 28.8 | 24.1 | -45.5% |
| Total | 779 | 190 | 243 | 162 | -40.8% |
Top Suppliers of Cotton Yarn (Other than Sewing Thread), Put Up for Retail Sale to Sri Lanka in 2022:
- Pakistan (9.0 tons)
- Indonesia (6.9 tons)
- Malaysia (6.3 tons)
- India (2.1 tons)
- Australia (1.8 tons)
- China (1.0 tons)
- Hong Kong SAR (0.5 tons)
- South Korea (0.3 tons)
Exports of Cotton Yarn (Other than Sewing Thread), Put Up for Retail Sale in Sri Lanka
In 2022, exports of cotton yarn (other than sewing thread), put up for retail sale from Sri Lanka dropped dramatically to 1.7 tons, declining by -34.8% compared with the previous year. In general, exports showed a significant contraction. The smallest decline of -22.9% was in 2021.
In value terms, exports of cotton yarn (other than sewing thread), put up for retail sale shrank rapidly to $8K in 2022. Over the period under review, exports continue to indicate a dramatic slump. The smallest decline of -26.7% was in 2021.
| Export of Cotton Yarn (Other than Sewing Thread), Put Up for Retail Sale in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 12.9 | 8.9 | 6.4 | 3.6 | -34.7% |
| Pakistan | 3.0 | 2.6 | 2.2 | 1.5 | -20.6% |
| Bangladesh | 1.2 | 1.1 | 1.0 | 0.8 | -12.6% |
| India | 3.9 | 2.2 | 1.5 | 0.8 | -41.0% |
| Australia | N/A | N/A | N/A | 0.6 | 0% |
| South Korea | 1.7 | 1.1 | 0.7 | 0.3 | -43.9% |
| Others | 1.8 | 1.5 | 0.7 | 0.4 | -39.4% |
| Total | 24.6 | 17.3 | 12.6 | 8.0 | -31.2% |
Top Export Markets for Cotton Yarn (Other than Sewing Thread), Put Up for Retail Sale from Sri Lanka in 2022:
- India (951.0 kg)
- United Arab Emirates (242.0 kg)
- Bangladesh (177.0 kg)
- Australia (122.0 kg)
- Pakistan (71.0 kg)
- South Korea (52.0 kg)
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