Price for Woven Fabrics of Artificial Staple Fibres in Sri Lanka - 2022
Contents:
- Price for Woven Fabrics of Artificial Staple Fibres in Sri Lanka (CIF) - 2022
- Price for Woven Fabrics of Artificial Staple Fibres in Sri Lanka (FOB) - 2022
- Imports of Woven Fabrics of Artificial Staple Fibres in Sri Lanka
- Exports of Woven Fabrics of Artificial Staple Fibres in Sri Lanka
Price for Woven Fabrics of Artificial Staple Fibres in Sri Lanka (CIF) - 2022
In 2022, the average import price for woven fabrics of artificial staple fibres amounted to $6.5 per square meter, declining by -11.8% against the previous year. Over the period under review, the import price continues to indicate a pronounced descent. The growth pace was the most rapid in 2015 an increase of 11% against the previous year. As a result, import price attained the peak level of $9.1 per square meter. From 2016 to 2022, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Taiwan (Chinese) ($21 per square meter), while the price for the United Arab Emirates ($2.2 per square meter) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+7.6%), while the prices for the other major suppliers experienced a decline.
Price for Woven Fabrics of Artificial Staple Fibres in Sri Lanka (FOB) - 2022
The average export price for woven fabrics of artificial staple fibres stood at $4 per square meter in 2022, shrinking by -66.5% against the previous year. Overall, the export price showed a mild curtailment. The most prominent rate of growth was recorded in 2013 when the average export price increased by 199% against the previous year. Over the period under review, the average export prices attained the peak figure at $17 per square meter in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($10 per square meter), while the average price for exports to the United Arab Emirates ($0.7 per square meter) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bangladesh (+4.7%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Woven Fabrics of Artificial Staple Fibres in Sri Lanka
In 2022, imports of woven fabrics of artificial staple fibres into Sri Lanka dropped to 7.8M square meters, waning by -8.6% against the previous year. Overall, imports continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 11%. Imports peaked at 11M square meters in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, imports of woven fabrics of artificial staple fibres contracted markedly to $51M in 2022. Over the period under review, imports continue to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2021 when imports increased by 15% against the previous year. Imports peaked at $82M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Woven Fabrics of Artificial Staple Fibres in Sri Lanka (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 58.2 | 40.9 | 43.8 | 26.6 | -23.0% |
| India | 10.7 | 7.7 | 14.6 | 14.2 | 9.9% |
| Hong Kong SAR | 3.9 | 1.1 | 0.7 | 0.4 | -53.2% |
| Others | 9.7 | 5.2 | 4.0 | 9.7 | 0.0% |
| Total | 82.4 | 54.9 | 63.1 | 50.8 | -14.9% |
Top Suppliers of Woven Fabrics of Artificial Staple Fibres to Sri Lanka in 2022:
- China (4.9M square meters)
- India (2.5M square meters)
- Hong Kong SAR (0.1M square meters)
Exports of Woven Fabrics of Artificial Staple Fibres in Sri Lanka
In 2022, exports of woven fabrics of artificial staple fibres from Sri Lanka skyrocketed to 25K square meters, jumping by 511% against 2021 figures. Over the period under review, exports saw a significant increase. The exports peaked at 25K square meters in 2020; however, from 2021 to 2022, the exports failed to regain momentum.
In value terms, exports of woven fabrics of artificial staple fibres surged to $101K in 2022. Overall, exports showed perceptible growth. The exports peaked at $130K in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.
| Export of Woven Fabrics of Artificial Staple Fibres in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 8.4 | 0.3 | 45.3 | 44.5 | 74.3% |
| China | 19.8 | N/A | N/A | 20.8 | 1.7% |
| United States | N/A | N/A | N/A | 14.3 | 0% |
| Vietnam | N/A | N/A | N/A | 9.1 | 0% |
| United Arab Emirates | N/A | N/A | N/A | 7.9 | 0% |
| Bangladesh | N/A | N/A | N/A | 2.4 | 0% |
| Oman | 56.6 | 126 | N/A | N/A | 122.6% |
| Others | 3.2 | 4.1 | 3.8 | 1.4 | -24.1% |
| Total | 88.1 | 130 | 49.1 | 101 | 4.7% |
Top Export Markets for Woven Fabrics of Artificial Staple Fibres from Sri Lanka in 2022:
- United Arab Emirates (11.4K square meters)
- India (4.9K square meters)
- United States (4.0K square meters)
- China (2.1K square meters)
- Vietnam (2.0K square meters)
- Bangladesh (0.4K square meters)
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