Price for Wood; Statuettes and Other Ornaments of Wood in Sri Lanka - 2022
Contents:
- Price for Wood; Statuettes and Other Ornaments of Wood in Sri Lanka (FOB) - 2022
- Price for Wood; Statuettes and Other Ornaments of Wood in Sri Lanka (CIF) - 2022
- Exports of Wood; Statuettes and Other Ornaments of Wood in Sri Lanka
- Imports of Wood; Statuettes and Other Ornaments of Wood in Sri Lanka
Price for Wood; Statuettes and Other Ornaments of Wood in Sri Lanka (FOB) - 2022
In 2022, the average export price for wood; statuettes and other ornaments of wood amounted to $12,518 per ton, picking up by 67% against the previous year. Overall, the export price showed a remarkable increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($21,427 per ton), while the average price for exports to Germany ($862 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 United States (+14.2%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Wood; Statuettes and Other Ornaments of Wood in Sri Lanka (CIF) - 2022
In 2022, the average import price for wood; statuettes and other ornaments of wood amounted to $2,592 per ton, dropping by -23.4% against the previous year. In general, the import price, however, saw a notable increase. The most prominent rate of growth was recorded in 2013 when the average import price increased by 38%. The import price peaked at $5,174 per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.
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 Austria ($11,650 per ton), while the price for India ($1,000 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+14.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Wood; Statuettes and Other Ornaments of Wood in Sri Lanka
After two years of decline, shipments abroad of wood; statuettes and other ornaments of wood increased by 803% to 327 tons in 2022. In general, exports saw a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of wood; statuettes and other ornaments of wood soared to $4.1M in 2022. Overall, exports recorded significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Wood; Statuettes and Other Ornaments of Wood in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 81.6 | 10.8 | 180 | 2,465 | 211.4% |
| Netherlands | 134 | 152 | 44.6 | 1,029 | 97.3% |
| China | 36.3 | 41.6 | 13.7 | 202 | 77.2% |
| Bulgaria | 49.5 | 32.2 | 5.4 | 71.5 | 13.0% |
| Germany | 2.0 | 9.3 | 3.6 | 32.3 | 152.8% |
| Canada | 8.1 | 5.6 | 0.3 | 23.0 | 41.6% |
| Japan | 31.1 | 10.2 | 1.8 | 19.9 | -13.8% |
| United Kingdom | 159 | 169 | 3.7 | 14.9 | -54.6% |
| Switzerland | 1.1 | 0.2 | 0.2 | 8.4 | 96.9% |
| New Zealand | 0.1 | 19.6 | 5.0 | 0.3 | 44.2% |
| Trinidad and Tobago | 36.7 | 7.1 | N/A | N/A | -80.7% |
| Others | 182 | 76.1 | 13.6 | 230 | 8.1% |
| Total | 722 | 534 | 272 | 4,096 | 78.4% |
Top Export Markets for Wood; Statuettes and Other Ornaments of Wood from Sri Lanka in 2022:
- United States (151.7 tons)
- Netherlands (65.2 tons)
- Germany (37.5 tons)
- Canada (12.3 tons)
- China (9.4 tons)
- Bulgaria (9.3 tons)
- United Kingdom (5.6 tons)
- Switzerland (5.6 tons)
- Japan (4.0 tons)
- New Zealand (0.3 tons)
Imports of Wood; Statuettes and Other Ornaments of Wood in Sri Lanka
For the third year in a row, Sri Lanka recorded decline in purchases abroad of wood; statuettes and other ornaments of wood, which decreased by -78.7% to 1.8 tons in 2022. In general, imports continue to indicate a dramatic slump. The smallest decline of -31.1% was in 2020.
In value terms, imports of wood; statuettes and other ornaments of wood plummeted to $4.7K in 2022. Overall, imports saw a significant decline. The smallest decline of -24.3% was in 2020.
| Import of Wood; Statuettes and Other Ornaments of Wood in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 73.3 | 4.8 | 0.2 | 1.7 | -71.5% |
| Indonesia | 15.7 | 13.0 | 7.0 | 1.1 | -58.8% |
| Austria | 6.7 | 6.7 | 4.4 | 0.7 | -52.9% |
| China | 151 | 170 | 11.8 | 0.3 | -87.4% |
| Malaysia | 2.7 | 2.3 | 1.2 | 0.2 | -58.0% |
| Thailand | 12.8 | N/A | N/A | N/A | 0% |
| India | 3.0 | 1.0 | 0.3 | N/A | -68.4% |
| Pakistan | 0.9 | 0.7 | 0.3 | N/A | -42.3% |
| Others | 17.2 | 15.9 | 3.5 | 0.6 | -67.3% |
| Total | 284 | 215 | 28.8 | 4.7 | -74.5% |
Top Suppliers of Wood; Statuettes and Other Ornaments of Wood to Sri Lanka in 2022:
- Indonesia (975.0 kg)
- South Korea (524.0 kg)
- China (68.0 kg)
- Malaysia (64.0 kg)
- Austria (60.0 kg)
- Pakistan (30.0 kg)
- India (12.0 kg)
- Thailand (3.0 kg)
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