Price for Wadding; Other Articles Thereof, of Cotton in Sri Lanka - 2022
Contents:
- Price for Wadding; Other Articles Thereof, of Cotton in Sri Lanka (CIF) - 2022
- Price for Wadding; Other Articles Thereof, of Cotton in Sri Lanka (FOB) - 2022
- Imports of Wadding; Other Articles Thereof, of Cotton in Sri Lanka
- Exports of Wadding; Other Articles Thereof, of Cotton in Sri Lanka
Price for Wadding; Other Articles Thereof, of Cotton in Sri Lanka (CIF) - 2022
The average import price for wadding; other articles thereof, of cotta stood at $4,057 per ton in 2022, with a decrease of -9.2% against the previous year. In general, the import price continues to indicate a mild shrinkage. The most prominent rate of growth was recorded in 2013 when the average import price increased by 23% against the previous year. The import price peaked at $6,106 per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat 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 Thailand ($6,677 per ton), while the price for India ($2,080 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+7.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Wadding; Other Articles Thereof, of Cotton in Sri Lanka (FOB) - 2022
The average export price for wadding; other articles thereof, of cotta stood at $6,006 per ton in 2022, surging by 6.8% against the previous year. Over the period under review, export price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of +6.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for wadding; other articles thereof, of cotta decreased by -5.1% against 2019 indices. The pace of growth appeared the most rapid in 2016 an increase of 32% against the previous year. As a result, the export price reached the peak level of $7,260 per ton. From 2017 to 2022, the average 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 Australia ($11,840 per ton), while the average price for exports to India ($639 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 Oman (+73.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Wadding; Other Articles Thereof, of Cotton in Sri Lanka
In 2022, approx. 246 tons of wadding; other articles thereof, of cotta were imported into Sri Lanka; increasing by 27% compared with the previous year. Overall, imports enjoyed significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 245%. As a result, imports attained the peak of 248 tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of wadding; other articles thereof, of cotta soared to $1M in 2022. Over the period under review, imports saw a significant expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 215%. Imports peaked in 2022 and are likely to see steady growth in years to come.
| Import of Wadding; Other Articles Thereof, of Cotton in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 20.8 | 521 | 637 | 768 | 233.0% |
| Malaysia | 36.8 | 125 | 33.7 | 61.9 | 18.9% |
| Thailand | 35.8 | 124 | 74.1 | 59.9 | 18.7% |
| India | 172 | 112 | 33.7 | 6.0 | -67.3% |
| Others | 38.9 | 75.8 | 88.3 | 105 | 39.2% |
| Total | 305 | 959 | 866 | 1,000 | 48.6% |
Top Suppliers of Wadding; Other Articles Thereof, of Cotton to Sri Lanka in 2022:
- China (208.0 tons)
- Malaysia (21.6 tons)
- Thailand (9.0 tons)
- India (2.9 tons)
Exports of Wadding; Other Articles Thereof, of Cotton in Sri Lanka
In 2022, the amount of wadding; other articles thereof, of cotta exported from Sri Lanka soared to 7.5 tons, with an increase of 42% compared with 2021. Over the period under review, exports posted a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 145% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, exports of wadding; other articles thereof, of cotta soared to $45K in 2022. Overall, exports continue to indicate strong growth. The most prominent rate of growth was recorded in 2021 when exports increased by 124% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.
| Export of Wadding; Other Articles Thereof, of Cotton in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 20.3 | 11.5 | 18.2 | 17.9 | -4.1% |
| Oman | N/A | N/A | 1.4 | 15.6 | 1014.3% |
| Australia | N/A | N/A | N/A | 7.8 | 0% |
| Lebanon | 0.9 | 0.7 | 1.4 | 1.8 | 26.0% |
| Malaysia | 0.4 | 0.2 | 0.4 | 0.5 | 7.7% |
| Canada | 0.2 | 0.2 | 0.3 | 0.3 | 14.5% |
| India | 0.5 | 0.2 | 0.3 | 0.3 | -15.7% |
| Others | 5.3 | 0.5 | 7.7 | 1.2 | -39.1% |
| Total | 27.5 | 13.3 | 29.8 | 45.3 | 18.1% |
Top Export Markets for Wadding; Other Articles Thereof, of Cotton from Sri Lanka in 2022:
- Oman (3386.0 kg)
- China (2131.0 kg)
- Australia (655.0 kg)
- India (463.0 kg)
- Lebanon (454.0 kg)
- Canada (184.0 kg)
- Malaysia (103.0 kg)
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