Price for Wool; Wool Tops and Other Combed Wool, in Fragments in Sri Lanka - 2022

Price for Wool; Wool Tops and Other Combed Wool, in Fragments in Sri Lanka (CIF) - 2022

The average import price for wool; wool tops and other combed wool, in fragmentses stood at $1,088 per ton in 2022, which is down by -16.6% against the previous year. Overall, the import price continues to indicate a sharp decrease. Over the period under review, average import prices reached the peak figure at $13,524 per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

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

From 2015 to 2022, the rate of growth in terms of prices for China amounted to -31.0% per year.

Imports of Wool; Wool Tops and Other Combed Wool, in Fragments in Sri Lanka

In 2022, supplies from abroad of wool; wool tops and other combed wool, in fragmentses decreased by -24.3% to 1.9 tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, saw significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 865%.

In value terms, imports of wool; wool tops and other combed wool, in fragmentses shrank significantly to $2K in 2022. In general, imports, however, saw a significant increase. The pace of growth was the most pronounced in 2020 when imports increased by 560%. As a result, imports reached the peak of $3.8K. From 2021 to 2022, the growth of imports of remained at a lower figure.