Price for Silk; Woven Fabrics of Noil Silk in Sri Lanka - 2022
Contents:
- Price for Silk; Woven Fabrics of Noil Silk in Sri Lanka (FOB) - 2022
- Price for Silk; Woven Fabrics of Noil Silk in Sri Lanka (CIF) - 2022
- Exports of Silk; Woven Fabrics of Noil Silk in Sri Lanka
- Imports of Silk; Woven Fabrics of Noil Silk in Sri Lanka
Price for Silk; Woven Fabrics of Noil Silk in Sri Lanka (FOB) - 2022
The average export price for silk; woven fabrics of noil silks stood at $57,675 per ton in 2022, declining by -42.9% against the previous year. Over the period under review, the export price showed a noticeable downturn. The most prominent rate of growth was recorded in 2020 an increase of 85% against the previous year. The export price peaked at $106,000 per ton 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 Singapore ($71,189 per ton), while the average price for exports to Maldives ($12,033 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 Seychelles (-3.3%), while the prices for the other major destinations experienced a decline.
Price for Silk; Woven Fabrics of Noil Silk in Sri Lanka (CIF) - 2022
In 2022, the average import price for silk; woven fabrics of noil silks amounted to $99,122 per ton, shrinking by -9.9% against the previous year. Over the period under review, the import price, however, showed notable growth. The pace of growth was the most pronounced in 2015 when the average import price increased by 116% against the previous year. As a result, import price reached the peak level of $264,622 per ton. From 2016 to 2022, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Singapore ($254,778 per ton), while the price for the United Arab Emirates ($29,623 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (-0.3%), while the prices for the other major suppliers experienced a decline.
Exports of Silk; Woven Fabrics of Noil Silk in Sri Lanka
Exports of silk; woven fabrics of noil silks from Sri Lanka skyrocketed to 286 kg in 2022, rising by 204% compared with 2021 figures. Overall, exports enjoyed a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 3,858%. As a result, the exports reached the peak of 950 kg. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of silk; woven fabrics of noil silks soared to $16K in 2022. In general, exports enjoyed significant growth. The pace of growth was the most pronounced in 2020 with an increase of 7,217%. As a result, the exports attained the peak of $70K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
| Export of Silk; Woven Fabrics of Noil Silk in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 0.9 | 69.1 | 9.3 | 14.3 | 151.4% |
| Seychelles | N/A | 0.7 | 0.2 | 1.8 | 60.4% |
| Maldives | N/A | N/A | N/A | 0.4 | 0% |
| Others | 0.1 | N/A | N/A | N/A | 0% |
| Total | 1.0 | 69.7 | 9.5 | 16.5 | 154.6% |
Top Export Markets for Silk; Woven Fabrics of Noil Silk from Sri Lanka in 2022:
- Singapore (201.0 kg)
- Seychelles (55.0 kg)
- Maldives (30.0 kg)
Imports of Silk; Woven Fabrics of Noil Silk in Sri Lanka
In 2022, imports of silk; woven fabrics of noil silks into Sri Lanka dropped significantly to 115 kg, waning by -41.3% on 2021 figures. In general, imports showed a precipitous decline. The smallest decline of -18.3% was in 2021.
In value terms, imports of silk; woven fabrics of noil silks contracted dramatically to $11K in 2022. Overall, imports saw a sharp descent. The smallest decline of -23.7% was in 2020.
| Import of Silk; Woven Fabrics of Noil Silk in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 17.0 | 17.0 | 7.4 | 4.6 | -35.3% |
| United States | 3.7 | 5.9 | 3.9 | 1.7 | -22.8% |
| United Arab Emirates | 2.3 | 0.5 | 1.5 | 1.6 | -11.4% |
| China | 10.9 | 7.2 | 4.6 | 1.5 | -48.4% |
| India | 5.8 | 0.1 | 0.2 | 1.0 | -44.3% |
| United Kingdom | 1.3 | 0.7 | 4.0 | 0.7 | -18.6% |
| South Korea | N/A | N/A | N/A | 0.4 | 0% |
| Others | N/A | N/A | 0.1 | N/A | 0% |
| Total | 41.0 | 31.3 | 21.6 | 11.4 | -34.7% |
Top Suppliers of Silk; Woven Fabrics of Noil Silk to Sri Lanka in 2022:
- United Arab Emirates (53.0 kg)
- Singapore (18.0 kg)
- United Kingdom (14.0 kg)
- South Korea (10.0 kg)
- United States (9.0 kg)
- China (6.0 kg)
- India (4.0 kg)
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