Report Update: Apr 1, 2024

Sri Lanka - Cotton Yarn - Market Analysis, Forecast, Size, Trends And Insights

Single report

Sent by email within 24h (Mon-Fri)

$599 Basic Edition

$2095 Professional Edition

What's the difference?

Subscription

Online access and download

from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Cotton Yarn Price in Sri Lanka - 2021

Cotton Yarn Price in Sri Lanka (CIF) - 2022

In 2022, the average cotton yarn import price amounted to $5,868 per ton, growing by 15% against the previous year. Overall, import price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cotton yarn import price increased by +63.3% against 2020 indices. The pace of growth appeared the most rapid in 2021 an increase of 42% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Vietnam ($8,259 per ton), while the price for Indonesia ($4,305 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+10.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Cotton Yarn Price in Sri Lanka (FOB) - 2022

In 2022, the average cotton yarn export price amounted to $4,951 per ton, surging by 2.3% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.1%. The most prominent rate of growth was recorded in 2021 when the average export price increased by 27% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Turkey ($7,145 per ton), while the average price for exports to Indonesia ($4,316 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 India (+5.4%), while the prices for the other major destinations experienced more modest paces of growth.

Cotton Yarn Imports in Sri Lanka

In 2022, cotton yarn imports into Sri Lanka dropped to 32K tons, shrinking by -14.5% against the previous year's figure. Over the period under review, imports continue to indicate a noticeable curtailment. The growth pace was the most rapid in 2021 when imports increased by 20%. As a result, imports reached the peak of 37K tons, and then declined in the following year.

In value terms, cotton yarn imports reduced modestly to $185M in 2022. Overall, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +10.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +67.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 71% against the previous year. As a result, imports reached the peak of $189M, and then dropped in the following year.

Import of Cotton Yarn in Sri Lanka (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
India	81.9	74.9	118	113	11.3%
Vietnam	7.7	9.5	24.7	25.4	48.9%
Pakistan	5.6	3.8	14.0	21.3	56.1%
China	28.9	15.7	14.3	18.0	-14.6%
South Korea	6.8	2.4	7.2	2.7	-26.5%
Indonesia	2.1	3.1	2.8	2.6	7.4%
Others	4.6	1.3	7.8	1.9	-25.5%
Total	138	111	189	185	10.3%

Top Suppliers of Cotton Yarn to Sri Lanka in 2022:

India (20.7K tons)
Pakistan (3.5K tons)
Vietnam (3.1K tons)
China (3.0K tons)
Indonesia (0.6K tons)
South Korea (0.5K tons)

Cotton Yarn Exports in Sri Lanka

Cotton yarn exports from Sri Lanka fell to 240 tons in 2022, which is down by -5.1% on the year before. Overall, exports faced a sharp downturn. The pace of growth appeared the most rapid in 2021 with an increase of 23% against the previous year.

In value terms, cotton yarn exports dropped modestly to $1.2M in 2022. In general, exports recorded a dramatic decrease. The pace of growth appeared the most rapid in 2021 when exports increased by 56% against the previous year.

Export of Cotton Yarn in Sri Lanka (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
India	1,166	533	1,117	1,062	-3.1%
Indonesia	N/A	N/A	N/A	36.1	0%
Ethiopia	336	103	2.1	17.9	-62.4%
Germany	130	N/A	N/A	0.1	-90.8%
Belgium	186	N/A	N/A	N/A	0%
Poland	137	N/A	N/A	N/A	0%
Myanmar	N/A	12.7	N/A	N/A	0%
Portugal	803	N/A	N/A	N/A	0%
Others	391	136	107	74.3	-42.5%
Total	3,150	784	1,226	1,191	-27.7%

Top Export Markets for Cotton Yarn from Sri Lanka in 2022:

Germany (undefined tons)
India (218.4 tons)
Indonesia (8.4 tons)
Ethiopia (3.5 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the cotton yarn market in Sri Lanka. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 13106160 - Cotton yarn, p.r.s. (excluding sewing thread)
Prodcom 131061Z1 - Cotton yarn of uncombed fibres, n.p.r.s.
Prodcom 131061Z2 - Cotton yarn of combed fibres, n.p.r.s.
Prodcom 13106132 - Yarn of uncombed cotton, n.p.r.s., for woven fabrics (excluding for carpets and floor coverings)
Prodcom 13106133 - Yarn of uncombed cotton, n.p.r.s., for knitted fabrics and hosiery
Prodcom 13106135 - Yarn of uncombed cotton, n.p.r.s., for other uses (including carpets and floor coverings)
Prodcom 13106152 - Yarn of combed cotton, n.p.r.s., for woven fabrics (excluding for carpets and floor coverings)
Prodcom 13106153 - Yarn of combed cotton, n.p.r.s., for knitted fabrics and hosiery
Prodcom 13106155 - Yarn of combed cotton, n.p.r.s., for other uses (including carpets and floor coverings)

Country coverage:

Sri Lanka

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Sri Lanka
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023