Price for Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Artificial Fibres in Sri Lanka - 2022

Contents:

1. Price for Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Artificial Fibres in Sri Lanka (FOB) - 2022
2. Price for Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Artificial Fibres in Sri Lanka (CIF) - 2022
3. Exports of Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Artificial Fibres in Sri Lanka
4. Imports of Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Artificial Fibres in Sri Lanka

Price for Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Artificial Fibres in Sri Lanka (FOB) - 2022

The average export price for fibres; waste (including noils, yarn waste and garnetted stock), of artificial fibreses stood at $2,861 per ton in 2022, growing by 4.1% against the previous year. Overall, the export price showed buoyant growth. The pace of growth appeared the most rapid in 2020 when the average export price increased by 99%. The export price peaked in 2022 and is likely to see gradual growth in years to come.

As there is only one major export destination, the average price level is determined by prices for Taiwan (Chinese).

From 2012 to 2022, the rate of growth in terms of prices for Taiwan (Chinese) amounted to +7.4% per year.

Price for Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Artificial Fibres in Sri Lanka (CIF) - 2022

The average import price for fibres; waste (including noils, yarn waste and garnetted stock), of artificial fibreses stood at $3,833 per ton in 2020, shrinking by -17.1% against the previous year. In general, the import price, however, showed strong growth. The growth pace was the most rapid in 2019 an increase of 9.5%. As a result, import price reached the peak level of $4,626 per ton, and then contracted sharply in the following year.

As there is only one major supplying country, the average price level is determined by prices for South Korea.

From 2012 to 2020, the rate of growth in terms of prices for India amounted to 0.0% per year.

Exports of Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Artificial Fibres in Sri Lanka

For the third year in a row, Sri Lanka recorded decline in overseas shipments of fibres; waste (including noils, yarn waste and garnetted stock), of artificial fibreses, which decreased by -30.7% to 417 kg in 2022. Over the period under review, exports faced a precipitous contraction.

In value terms, exports of fibres; waste (including noils, yarn waste and garnetted stock), of artificial fibreses shrank dramatically to $1.2K in 2022. Overall, exports recorded a sharp decline.

Top Export Markets for Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Artificial Fibres from Sri Lanka in 2022:

1. Taiwan (Chinese) (414.0 kg)

Imports of Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Artificial Fibres in Sri Lanka

In 2020, imports of fibres; waste (including noils, yarn waste and garnetted stock), of artificial fibreses into Sri Lanka shrank dramatically to 228 kg, with a decrease of -67% compared with 2019. Over the period under review, imports recorded a significant curtailment.

In value terms, imports of fibres; waste (including noils, yarn waste and garnetted stock), of artificial fibreses dropped rapidly to $874 in 2020. Overall, imports showed a significant curtailment.

Top Suppliers of Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Artificial Fibres to Sri Lanka in 2022:

1. South Korea (114.0 kg)

Source: IndexBox Market Intelligence Platform