Price for Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres in Sri Lanka - 2022
Contents:
- Price for Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres in Sri Lanka (FOB) - 2022
- Price for Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres in Sri Lanka (CIF) - 2022
- Exports of Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres in Sri Lanka
- Imports of Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres in Sri Lanka
Price for Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres in Sri Lanka (FOB) - 2022
In 2022, the average export price for fibres; waste (including noils, yarn waste and garnetted stock), of synthetic fibreses amounted to $1,337 per ton, declining by -11% against the previous year. Over the period under review, the export price, however, continues to indicate a buoyant increase. The most prominent rate of growth was recorded in 2021 an increase of 88% against the previous year. As a result, the export price reached the peak level of $1,502 per ton, and then dropped in the following year.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($6,790 per ton), while the average price for exports to China ($194 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 the UK (+26.3%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres in Sri Lanka (CIF) - 2022
The average import price for fibres; waste (including noils, yarn waste and garnetted stock), of synthetic fibreses stood at $1,371 per ton in 2022, declining by -4.2% against the previous year. Over the period under review, the import price saw a abrupt descent. The growth pace was the most rapid in 2015 an increase of 51%. Over the period under review, average import prices attained the peak figure at $3,504 per ton in 2017; however, from 2018 to 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($2,321 per ton), while the price for India ($777 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+8.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres in Sri Lanka
In 2022, overseas shipments of fibres; waste (including noils, yarn waste and garnetted stock), of synthetic fibreses were finally on the rise to reach 239 tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, faced a abrupt contraction.
In value terms, exports of fibres; waste (including noils, yarn waste and garnetted stock), of synthetic fibreses soared to $319K in 2022. In general, total exports indicated tangible growth from 2019 to 2022: its value increased at an average annual rate of +3.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 17.8 | 27.5 | 121 | 209 | 127.3% |
| Italy | 39.1 | 23.2 | 10.9 | 36.1 | -2.6% |
| China | 95.8 | 92.2 | 19.6 | 34.3 | -29.0% |
| India | 25.6 | 11.8 | 5.0 | 12.7 | -20.8% |
| Vietnam | 39.4 | 36.0 | 7.2 | 12.0 | -32.7% |
| Spain | 15.3 | 11.6 | 2.0 | 5.2 | -30.2% |
| Taiwan (Chinese) | 35.2 | 25.1 | 3.4 | 3.6 | -53.2% |
| Others | 20.5 | 5.5 | 2.5 | 6.3 | -32.5% |
| Total | 289 | 233 | 172 | 319 | 3.3% |
Top Export Markets for Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres from Sri Lanka in 2022:
- China (176.3 tons)
- United Kingdom (30.8 tons)
- India (8.9 tons)
- Vietnam (7.3 tons)
- Italy (6.2 tons)
- Spain (3.8 tons)
- Taiwan (Chinese) (2.5 tons)
Imports of Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres in Sri Lanka
In 2022, purchases abroad of fibres; waste (including noils, yarn waste and garnetted stock), of synthetic fibreses decreased by -44.5% to 15 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 501%.
In value terms, imports of fibres; waste (including noils, yarn waste and garnetted stock), of synthetic fibreses reduced notably to $20K in 2022. In general, imports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 265% against the previous year.
| Import of Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 3.6 | 10.4 | 20.6 | 12.4 | 51.0% |
| Taiwan (Chinese) | 1.0 | 5.5 | 8.1 | 3.6 | 53.3% |
| Italy | 1.0 | 5.0 | 6.8 | 2.8 | 40.9% |
| India | 0.1 | 1.0 | 2.0 | 1.2 | 128.9% |
| Others | 0.2 | 0.1 | 0.3 | 0.1 | -20.6% |
| Total | 6.0 | 21.9 | 37.8 | 20.1 | 49.6% |
Top Suppliers of Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres to Sri Lanka in 2022:
- United Kingdom (5.3 tons)
- Taiwan (Chinese) (4.2 tons)
- Italy (3.5 tons)
- India (1.5 tons)
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