Price for Yarn of Other Vegetable Textile Fibres; Paper Yarn in Sri Lanka - 2022

Contents:

1. Price for Yarn of Other Vegetable Textile Fibres; Paper Yarn in Sri Lanka (FOB) - 2022
2. Price for Yarn of Other Vegetable Textile Fibres; Paper Yarn in Sri Lanka (CIF) - 2022
3. Exports of Yarn of Other Vegetable Textile Fibres; Paper Yarn in Sri Lanka
4. Imports of Yarn of Other Vegetable Textile Fibres; Paper Yarn in Sri Lanka

Price for Yarn of Other Vegetable Textile Fibres; Paper Yarn in Sri Lanka (FOB) - 2022

The average export price for yarn of other vegetable textile fibres; paper yarns stood at $1,417 per ton in 2022, surging by 24% against the previous year. Over the last decade, it increased at an average annual rate of +3.6%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Brazil ($3,735 per ton), while the average price for exports to India ($84 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 China (+17.2%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Yarn of Other Vegetable Textile Fibres; Paper Yarn in Sri Lanka (CIF) - 2022

The average import price for yarn of other vegetable textile fibres; paper yarns stood at $8,318 per ton in 2022, remaining stable against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 an increase of 36%. Over the period under review, average import prices attained the peak figure at $10,383 per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($25,728 per ton), while the price for Pakistan ($3,282 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+11.5%), while the prices for the other major suppliers experienced a decline.

Exports of Yarn of Other Vegetable Textile Fibres; Paper Yarn in Sri Lanka

In 2022, approx. 1.5K tons of yarn of other vegetable textile fibres; paper yarns were exported from Sri Lanka; dropping by -34.3% on the year before. Overall, exports showed a deep contraction. The pace of growth appeared the most rapid in 2021 with an increase of 11%.

In value terms, exports of yarn of other vegetable textile fibres; paper yarns dropped remarkably to $2.1M in 2022. In general, exports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2021 when exports increased by 18%.

Top Export Markets for Yarn of Other Vegetable Textile Fibres; Paper Yarn from Sri Lanka in 2022:

1. Pakistan (459.1 tons)
2. Japan (345.4 tons)
3. Canada (143.8 tons)
4. India (132.6 tons)
5. Russia (83.3 tons)
6. United Kingdom (49.5 tons)
7. China (36.0 tons)
8. Slovakia (31.4 tons)
9. Belgium (30.9 tons)
10. Brazil (27.3 tons)
11. Germany (23.6 tons)
12. United States (9.2 tons)

Imports of Yarn of Other Vegetable Textile Fibres; Paper Yarn in Sri Lanka

In 2022, supplies from abroad of yarn of other vegetable textile fibres; paper yarns decreased by -6.5% to 124 tons, falling for the second consecutive year after two years of growth. Over the period under review, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 when imports increased by 14%. As a result, imports reached the peak of 143 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of yarn of other vegetable textile fibres; paper yarns reduced to $1M in 2022. The total import value increased at an average annual rate of +3.8% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 10%. As a result, imports reached the peak of $1.1M, and then contracted in the following year.

Top Suppliers of Yarn of Other Vegetable Textile Fibres; Paper Yarn to Sri Lanka in 2022:

1. China (122.8 tons)

Source: IndexBox Market Intelligence Platform