Price for Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Sri Lanka - 2022
Contents:
- Price for Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Sri Lanka (CIF) - 2022
- Price for Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Sri Lanka (FOB) - 2022
- Imports of Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Sri Lanka
- Exports of Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Sri Lanka
Price for Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Sri Lanka (CIF) - 2022
In 2022, the average import price for synthetic staple fibres, not carded, combed or otherwise processed for spinnings amounted to $1,386 per ton, declining by -9.8% against the previous year. Overall, the import price saw a abrupt curtailment. The most prominent rate of growth was recorded in 2021 when the average import price increased by 42% against the previous year. Over the period under review, average import prices reached the maximum at $2,655 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($1,704 per ton), while the price for the United Arab Emirates ($592 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+2.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Sri Lanka (FOB) - 2022
The average export price for synthetic staple fibres, not carded, combed or otherwise processed for spinnings stood at $1,937 per ton in 2022, rising by 116% against the previous year. Overall, the export price saw a relatively flat trend pattern. Over the period under review, the average export prices attained the peak figure at $3,633 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Maldives.
From 2012 to 2022, the rate of growth in terms of prices for the UK amounted to +29.7% per year.
Imports of Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Sri Lanka
In 2022, overseas purchases of synthetic staple fibres, not carded, combed or otherwise processed for spinnings decreased by -34.2% to 5.6K tons, falling for the second consecutive year after two years of growth. Overall, imports, however, enjoyed a strong expansion. The pace of growth was the most pronounced in 2020 with an increase of 184% against the previous year. As a result, imports reached the peak of 11K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of synthetic staple fibres, not carded, combed or otherwise processed for spinnings declined notably to $7.7M in 2022. In general, imports, however, enjoyed a significant increase. The pace of growth was the most pronounced in 2020 when imports increased by 184%.
| Import of Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,859 | 2,667 | 2,794 | 1,636 | -4.2% |
| India | 37.1 | 69.8 | 20.9 | 1,162 | 215.2% |
| Thailand | 540 | 541 | 447 | 414 | -8.5% |
| Vietnam | 102 | 147 | 101 | 404 | 58.2% |
| South Korea | 160 | 166 | 222 | 82.2 | -19.9% |
| United States | 46.2 | 70.0 | 55.9 | 71.3 | 15.6% |
| United Arab Emirates | 92.6 | 95.9 | 57.5 | 63.6 | -11.8% |
| Switzerland | 1,347 | 1,805 | 1,400 | N/A | 1.9% |
| Indonesia | 28.4 | 93.8 | 179 | N/A | 151.1% |
| Others | 43.5 | 6,452 | 7,720 | 3,889 | 347.1% |
| Total | 4,256 | 12,108 | 12,998 | 7,723 | 22.0% |
Top Suppliers of Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning to Sri Lanka in 2022:
- China (1089.6 tons)
- India (681.9 tons)
- Vietnam (457.9 tons)
- Thailand (378.7 tons)
- United States (108.6 tons)
- United Arab Emirates (107.4 tons)
- South Korea (58.9 tons)
Exports of Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Sri Lanka
For the fourth year in a row, Sri Lanka recorded growth in shipments abroad of synthetic staple fibres, not carded, combed or otherwise processed for spinnings, which increased by 188% to 130 tons in 2022. In general, exports posted a significant expansion. The growth pace was the most rapid in 2020 with an increase of 504%. The exports peaked in 2022 and are likely to see steady growth in the near future.
In value terms, exports of synthetic staple fibres, not carded, combed or otherwise processed for spinnings soared to $252K in 2022. Overall, exports enjoyed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Maldives | 0.2 | 0.2 | 0.2 | 1.1 | 76.5% |
| China | 3.3 | 5.0 | 14.6 | N/A | 110.3% |
| India | 2.9 | 6.3 | 38.8 | N/A | 265.8% |
| Italy | N/A | N/A | 6.5 | N/A | 0% |
| Bahrain | 1.4 | 1.9 | 4.2 | N/A | 73.2% |
| Others | 1.4 | 11.5 | -23.8 | 251 | 463.9% |
| Total | 9.1 | 24.8 | 40.4 | 252 | 202.5% |
Top Export Markets for Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning from Sri Lanka in 2022:
- Maldives (0.3 tons)
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