Price for Wigs; Complete, of Synthetic Textile Materials in Sri Lanka - 2022

Price for Wigs; Complete, of Synthetic Textile Materials in Sri Lanka (CIF) - 2022

In 2022, the average import price for wigs; complete, of synthetic textile materialses amounted to $11 per unit, surging by 37% against the previous year. Over the period under review, the import price continues to indicate buoyant growth. The pace of growth was the most pronounced in 2021 an increase of 55% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.

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

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +6.0% per year.

Imports of Wigs; Complete, of Synthetic Textile Materials in Sri Lanka

In 2022, imports of wigs; complete, of synthetic textile materialses into Sri Lanka reduced dramatically to 2.9K units, with a decrease of -26.8% on the previous year's figure. Over the period under review, imports saw a sharp shrinkage. The growth pace was the most rapid in 2021 with an increase of 38% against the previous year. Imports peaked at 8.5K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, imports of wigs; complete, of synthetic textile materialses reached $33K in 2022. Overall, imports showed a abrupt setback. The growth pace was the most rapid in 2021 with an increase of 115%. Imports peaked at $40K in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.