Price for Articles of Apparel, Clothing Accessories and Other Articles of Furskin in Sri Lanka - 2022
Contents:
- Price for Articles of Apparel, Clothing Accessories and Other Articles of Furskin in Sri Lanka (CIF) - 2022
- Price for Articles of Apparel, Clothing Accessories and Other Articles of Furskin in Sri Lanka (FOB) - 2022
- Imports of Articles of Apparel, Clothing Accessories and Other Articles of Furskin in Sri Lanka
- Exports of Articles of Apparel, Clothing Accessories and Other Articles of Furskin in Sri Lanka
Price for Articles of Apparel, Clothing Accessories and Other Articles of Furskin in Sri Lanka (CIF) - 2022
In 2022, the average import price for articles of apparel, clothing accessories and other articles of furskin amounted to $80 per unit, shrinking by -49.4% against the previous year. Over the period under review, the import price recorded a abrupt downturn. The most prominent rate of growth was recorded in 2017 when the average import price increased by 62% against the previous year. Over the period under review, average import prices attained the maximum at $231 per unit in 2020; however, from 2021 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Hong Kong SAR ($95 per unit), while the price for the United States ($39 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+73.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Articles of Apparel, Clothing Accessories and Other Articles of Furskin in Sri Lanka (FOB) - 2022
In 2022, the average export price for articles of apparel, clothing accessories and other articles of furskin amounted to $4.1 per unit, falling by -94.6% against the previous year. Over the period under review, the export price showed a noticeable contraction. The most prominent rate of growth was recorded in 2013 when the average export price increased by 5,253%. As a result, the export price reached the peak level of $326 per unit. From 2014 to 2022, the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($48 per unit), while the average price for exports to India ($3 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+53.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Articles of Apparel, Clothing Accessories and Other Articles of Furskin in Sri Lanka
In 2022, approx. 493 units of articles of apparel, clothing accessories and other articles of furskin were imported into Sri Lanka; with an increase of 361% on 2021. In general, imports recorded significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of articles of apparel, clothing accessories and other articles of furskin skyrocketed to $39K in 2022. Over the period under review, imports enjoyed a prominent increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Articles of Apparel, Clothing Accessories and Other Articles of Furskin in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2.8 | 1.6 | 1.2 | 26.9 | 112.6% |
| Hong Kong SAR | 1.0 | 0.5 | N/A | 12.3 | 130.8% |
| South Korea | 15.6 | 12.6 | 13.8 | N/A | -5.9% |
| India | 2.7 | 1.0 | 0.2 | N/A | -72.8% |
| United Arab Emirates | N/A | N/A | 0.2 | N/A | 0% |
| Others | 1.3 | 1.4 | 1.6 | 0.2 | -46.4% |
| Total | 23.3 | 17.1 | 16.9 | 39.4 | 19.1% |
Top Suppliers of Articles of Apparel, Clothing Accessories and Other Articles of Furskin to Sri Lanka in 2022:
- China (360.0 units)
- Hong Kong SAR (130.0 units)
Exports of Articles of Apparel, Clothing Accessories and Other Articles of Furskin in Sri Lanka
In 2022, the amount of articles of apparel, clothing accessories and other articles of furskin exported from Sri Lanka surged to 136 units, jumping by 369% on 2021. Overall, exports showed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of articles of apparel, clothing accessories and other articles of furskin declined notably to $556 in 2022. In general, exports, however, recorded a precipitous descent. The most prominent rate of growth was recorded in 2021 with an increase of 892%. As a result, the exports reached the peak of $2.2K, and then fell markedly in the following year.
| Export of Articles of Apparel, Clothing Accessories and Other Articles of Furskin in Sri Lanka (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | N/A | N/A | N/A | 395 | 0% |
| United Arab Emirates | 600 | 118 | 608 | 96.0 | -45.7% |
| Canada | 11.0 | 2.0 | 17.0 | 65.0 | 80.8% |
| Switzerland | 163 | 21.0 | 35.0 | N/A | -53.7% |
| Germany | 104 | 28.0 | 234 | N/A | 50.0% |
| Sweden | 6.0 | 1.0 | 10.0 | N/A | 29.1% |
| Slovenia | N/A | N/A | 172 | N/A | 0% |
| United States | 5.0 | 5.0 | 133 | N/A | 415.8% |
| France | 120 | 28.0 | 196 | N/A | 27.8% |
| Singapore | 47.0 | 9.0 | 48.0 | N/A | 1.1% |
| Maldives | 63.0 | 8.0 | 5.0 | N/A | -71.8% |
| Others | N/A | 1.0 | 734 | N/A | 73300.0% |
| Total | 1,119 | 221 | 2,192 | 556 | -20.8% |
Top Export Markets for Articles of Apparel, Clothing Accessories and Other Articles of Furskin from Sri Lanka in 2022:
- India (132.0 units)
- Canada (2.0 units)
- United Arab Emirates (2.0 units)
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