Price for Fibres; Synthetic Filament Tow, Acrylic or Modacrylic in Sri Lanka - 2022
Contents:
- Price for Fibres; Synthetic Filament Tow, Acrylic or Modacrylic in Sri Lanka (CIF) - 2022
- Imports of Fibres; Synthetic Filament Tow, Acrylic or Modacrylic in Sri Lanka
Price for Fibres; Synthetic Filament Tow, Acrylic or Modacrylic in Sri Lanka (CIF) - 2022
In 2022, the average import price for fibres; synthetic filament tow, acrylic or modacrylics amounted to $2,364 per ton, falling by -23.7% against the previous year. In general, the import price recorded a noticeable decrease. The pace of growth appeared the most rapid in 2014 when the average import price increased by 85%. As a result, import price reached the peak level of $5,194 per ton. From 2015 to 2022, the average import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($16,213 per ton), while the price for Turkey ($1,311 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+20.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Imports of Fibres; Synthetic Filament Tow, Acrylic or Modacrylic in Sri Lanka
For the fourth year in a row, Sri Lanka recorded growth in supplies from abroad of fibres; synthetic filament tow, acrylic or modacrylics, which increased by 5.9% to 3.4 tons in 2022. In general, total imports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +27.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +106.9% against 2019 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 86% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, imports of fibres; synthetic filament tow, acrylic or modacrylics declined sharply to $8.1K in 2022. Overall, imports recorded significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 168% against the previous year. As a result, imports attained the peak of $12K. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Fibres; Synthetic Filament Tow, Acrylic or Modacrylic in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 2.1 | 6.3 | 5.0 | 4.0 | 24.0% |
| Indonesia | 2.3 | 5.3 | 4.2 | 3.3 | 12.8% |
| China | 0.2 | 0.8 | 0.8 | 0.8 | 58.7% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 4.6 | 12.4 | 10.1 | 8.1 | 20.8% |
Top Suppliers of Fibres; Synthetic Filament Tow, Acrylic or Modacrylic to Sri Lanka in 2022:
- Turkey (3064.0 kg)
- Indonesia (325.0 kg)
- China (47.0 kg)
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