Price for Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Sri Lanka - 2022
Contents:
- Price for Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Sri Lanka (CIF) - 2022
- Price for Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Sri Lanka (FOB) - 2022
- Imports of Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Sri Lanka
- Exports of Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Sri Lanka
Price for Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Sri Lanka (CIF) - 2022
In 2022, the average import price for fabrics, woven; from strip or the like, of synthetic textile materialses amounted to $0.4 per square meter, approximately reflecting the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.6%. The pace of growth was the most pronounced in 2016 an increase of 25% against the previous year. The import price peaked at $0.4 per square meter in 2021, and then dropped in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Taiwan (Chinese) ($2.1 per square meter), while the price for India ($0.2 per square meter) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+15.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Sri Lanka (FOB) - 2022
The average export price for fabrics, woven; from strip or the like, of synthetic textile materialses stood at $0.4 per square meter in 2022, growing by 11% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average export price increased by 41% against the previous year. Over the period under review, the average export prices hit record highs at $0.4 per square meter in 2013; however, from 2014 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 Bangladesh ($1 per square meter), while the average price for exports to Spain ($0.1 per square meter) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bangladesh (+1.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Sri Lanka
In 2022, approx. 1.2M square meters of fabrics, woven; from strip or the like, of synthetic textile materialses were imported into Sri Lanka; waning by -64% against the year before. Over the period under review, imports recorded a precipitous setback. The smallest decline of -47.1% was in 2021. Over the period under review, imports of fabrics, woven; from strip or like, of synthetic textile materialses hit record highs at 14M square meters in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, imports of fabrics, woven; from strip or the like, of synthetic textile materialses shrank markedly to $499K in 2022. Overall, imports recorded a precipitous slump. The smallest decline of -40.7% was in 2021. Imports peaked at $4.6M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 1,969 | 1,176 | 709 | 160 | -56.7% |
| Taiwan (Chinese) | 81.7 | 61.9 | 89.2 | 113 | 11.4% |
| China | 974 | 483 | 191 | 74.1 | -57.6% |
| South Korea | 223 | 161 | 124 | 49.9 | -39.3% |
| Malaysia | 39.8 | 25.6 | 25.3 | 19.3 | -21.4% |
| Pakistan | 143 | 58.4 | 25.3 | 17.6 | -50.3% |
| Turkey | 84.1 | 34.4 | 5.4 | 10.0 | -50.8% |
| Others | 1,071 | 359 | 229 | 54.9 | -62.9% |
| Total | 4,585 | 2,359 | 1,398 | 499 | -52.3% |
Top Suppliers of Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials to Sri Lanka in 2022:
- Thailand (624.2K square meters)
- China (186.2K square meters)
- South Korea (142.1K square meters)
- Pakistan (54.5K square meters)
- Taiwan (Chinese) (54.0K square meters)
- Turkey (31.3K square meters)
- Malaysia (23.2K square meters)
Exports of Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Sri Lanka
In 2022, overseas shipments of fabrics, woven; from strip or the like, of synthetic textile materialses decreased by -10.5% to 781K square meters, falling for the second consecutive year after two years of growth. Over the period under review, exports saw a deep contraction. The growth pace was the most rapid in 2020 with an increase of 6.6% against the previous year. As a result, the exports attained the peak of 1M square meters. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of fabrics, woven; from strip or the like, of synthetic textile materialses fell modestly to $279K in 2022. The total export value increased at an average annual rate of +3.0% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when exports increased by 19% against the previous year. As a result, the exports attained the peak of $305K. From 2021 to 2022, the growth of the exports of remained at a lower figure.
| Export of Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 103 | 104 | 113 | 133 | 8.9% |
| Bangladesh | 34.8 | 57.9 | 70.8 | 65.7 | 23.6% |
| United Arab Emirates | 50.1 | 46.9 | 24.9 | 37.0 | -9.6% |
| United States | 44.7 | 65.7 | 41.6 | 12.5 | -34.6% |
| New Zealand | 8.9 | 13.7 | 16.6 | 12.0 | 10.5% |
| Spain | 9.9 | 8.8 | 9.3 | 7.4 | -9.2% |
| Singapore | N/A | N/A | N/A | 4.7 | 0% |
| Others | 4.4 | 7.8 | 5.5 | 6.8 | 15.6% |
| Total | 255 | 305 | 281 | 279 | 3.0% |
Top Export Markets for Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials from Sri Lanka in 2022:
- Australia (372.9K square meters)
- United Arab Emirates (175.5K square meters)
- Bangladesh (65.5K square meters)
- Spain (61.7K square meters)
- United States (41.7K square meters)
- New Zealand (36.6K square meters)
- Singapore (12.9K square meters)
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