Price for Cotton; Yarn Waste (Including Thread Waste) in Sri Lanka - 2022
Contents:
- Price for Cotton; Yarn Waste (Including Thread Waste) in Sri Lanka (FOB) - 2022
- Price for Cotton; Yarn Waste (Including Thread Waste) in Sri Lanka (CIF) - 2022
- Exports of Cotton; Yarn Waste (Including Thread Waste) in Sri Lanka
- Imports of Cotton; Yarn Waste (Including Thread Waste) in Sri Lanka
Price for Cotton; Yarn Waste (Including Thread Waste) in Sri Lanka (FOB) - 2022
The average export price for cotton; yarn waste (including thread waste) stood at $299 per ton in 2022, rising by 3.3% against the previous year. Over the period under review, the export price, however, saw a pronounced shrinkage. The most prominent rate of growth was recorded in 2013 when the average export price increased by 35%. As a result, the export price reached the peak level of $560 per ton. From 2014 to 2022, the average export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Malaysia.
From 2012 to 2022, the rate of growth in terms of prices for Malaysia amounted to +0.0% per year.
Price for Cotton; Yarn Waste (Including Thread Waste) in Sri Lanka (CIF) - 2022
In 2022, the average import price for cotton; yarn waste (including thread waste) amounted to $1,000 per ton, which is down by -26.6% against the previous year. In general, the import price, however, enjoyed a strong expansion. The most prominent rate of growth was recorded in 2019 when the average import price increased by 59% against the previous year. Over the period under review, average import prices hit record highs at $1,363 per ton in 2021, and then shrank remarkably in the following year.
As there is only one major supplying country, the average price level is determined by prices for Singapore.
From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +14.8% per year.
Exports of Cotton; Yarn Waste (Including Thread Waste) in Sri Lanka
In 2022, approx. 109 tons of cotton; yarn waste (including thread waste) were exported from Sri Lanka; rising by 112% against the year before. In general, exports continue to indicate a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 228%. Over the period under review, the exports of attained the maximum in 2022 and are likely to see steady growth in years to come.
In value terms, exports of cotton; yarn waste (including thread waste) surged to $33K in 2022. Overall, exports showed a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 158%. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.
| Export of Cotton; Yarn Waste (Including Thread Waste) in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 3.5 | 1.2 | 1.8 | 32.4 | 110.0% |
| Australia | 7.8 | 3.5 | 9.7 | N/A | 11.5% |
| Canada | 1.4 | 0.6 | 1.5 | N/A | 3.5% |
| Others | 4.3 | 0.6 | 2.1 | 0.3 | -58.8% |
| Total | 16.9 | 5.8 | 15.0 | 32.7 | 24.6% |
Top Export Markets for Cotton; Yarn Waste (Including Thread Waste) from Sri Lanka in 2022:
- Malaysia (108.7 tons)
Imports of Cotton; Yarn Waste (Including Thread Waste) in Sri Lanka
For the third year in a row, Sri Lanka recorded decline in overseas purchases of cotton; yarn waste (including thread waste), which decreased by 99.9% to 2 kg in 2022. In general, imports showed a dramatic shrinkage. The smallest decline of -11.2% was in 2020.
In value terms, imports of cotton; yarn waste (including thread waste) fell markedly to $2 in 2022. Over the period under review, imports recorded a dramatic decline. The pace of growth was the most pronounced in 2020 with an increase of 31%.
| Import of Cotton; Yarn Waste (Including Thread Waste) in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 0.1 | 0.1 | 0.1 | N/A | 0.0% |
| United States | 15.4 | 19.6 | 19.3 | N/A | 11.9% |
| India | 0.3 | 0.3 | 0.3 | N/A | 0.0% |
| Singapore | N/A | N/A | N/A | N/A | 0% |
| Pakistan | 1.3 | 1.7 | 1.8 | N/A | 17.7% |
| Others | 0.4 | 1.2 | 1.8 | N/A | 112.1% |
| Total | 17.5 | 22.9 | 23.3 | N/A | 15.4% |
Top Suppliers of Cotton; Yarn Waste (Including Thread Waste) to Sri Lanka in 2022:
- Singapore (2.0 kg)
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