Price for Embroidery; in the Piece, in Strips or in Motifs in Sri Lanka - 2022
Contents:
- Price for Embroidery; in the Piece, in Strips or in Motifs in Sri Lanka (CIF) - 2022
- Price for Embroidery; in the Piece, in Strips or in Motifs in Sri Lanka (FOB) - 2022
- Imports of Embroidery; in the Piece, in Strips or in Motifs in Sri Lanka
- Exports of Embroidery; in the Piece, in Strips or in Motifs in Sri Lanka
Price for Embroidery; in the Piece, in Strips or in Motifs in Sri Lanka (CIF) - 2022
In 2022, the average import price for embroidery; in the piece, in strips or in motifses amounted to $23,906 per ton, surging by 46% against the previous year. Overall, the import price saw a slight increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($23,823 per ton), while the price for Pakistan ($4,693 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.4%), while the prices for the other major suppliers experienced a decline.
Price for Embroidery; in the Piece, in Strips or in Motifs in Sri Lanka (FOB) - 2022
The average export price for embroidery; in the piece, in strips or in motifses stood at $25,303 per ton in 2022, falling by -25.5% against the previous year. In general, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 an increase of 64%. The export price peaked at $33,961 per ton in 2021, and then contracted rapidly in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($58,145 per ton), while the average price for exports to Kenya ($1,297 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 Belize (+9.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Embroidery; in the Piece, in Strips or in Motifs in Sri Lanka
Imports of embroidery; in the piece, in strips or in motifses into Sri Lanka declined markedly to 438 tons in 2022, which is down by -20.7% compared with the previous year. Overall, imports showed a dramatic descent. The smallest decline of -10.3% was in 2021.
In value terms, imports of embroidery; in the piece, in strips or in motifses surged to $10M in 2022. Over the period under review, imports faced a deep reduction.
| Import of Embroidery; in the Piece, in Strips or in Motifs in Sri Lanka (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 10.9 | 6.7 | 6.7 | 7.4 | -12.1% |
| Thailand | 0.7 | 0.3 | 0.9 | 1.0 | 12.6% |
| India | 1.6 | 0.5 | 0.2 | 0.6 | -27.9% |
| Pakistan | N/A | N/A | N/A | 0.1 | 0% |
| Others | 2.1 | 1.6 | 1.3 | 1.4 | -12.6% |
| Total | 15.2 | 9.1 | 9.0 | 10.5 | -11.6% |
Top Suppliers of Embroidery; in the Piece, in Strips or in Motifs to Sri Lanka in 2022:
- China (310.8 tons)
- Thailand (51.1 tons)
- India (49.6 tons)
- Pakistan (11.8 tons)
Exports of Embroidery; in the Piece, in Strips or in Motifs in Sri Lanka
In 2022, exports of embroidery; in the piece, in strips or in motifses from Sri Lanka surged to 90 tons, jumping by 61% against 2021 figures. In general, exports showed significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 85% against the previous year. Over the period under review, the exports of embroidery; in piece, in strips or in motifses hit record highs in 2022 and are expected to retain growth in years to come.
In value terms, exports of embroidery; in the piece, in strips or in motifses skyrocketed to $2.3M in 2022. Overall, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 87% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.
| Export of Embroidery; in the Piece, in Strips or in Motifs in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bolivia | N/A | 208 | 149 | 813 | 97.7% |
| Senegal | 222 | 767 | 397 | 414 | 23.1% |
| Spain | 101 | 54.4 | 280 | 374 | 54.7% |
| Belize | N/A | 15.1 | 37.8 | 169 | 234.5% |
| France | 7.4 | 36.2 | 84.3 | 124 | 155.9% |
| India | 70.1 | 97.6 | 185 | 94.1 | 10.3% |
| Brazil | 25.3 | 124 | 188 | 27.3 | 2.6% |
| Thailand | 250 | 104 | 48.9 | 21.9 | -55.6% |
| Kenya | N/A | N/A | 0.6 | 7.0 | 1066.7% |
| Bangladesh | 70.5 | 81.6 | 1.0 | 1.5 | -72.3% |
| Others | 235 | 349 | 525 | 232 | -0.4% |
| Total | 981 | 1,838 | 1,896 | 2,278 | 32.4% |
Top Export Markets for Embroidery; in the Piece, in Strips or in Motifs from Sri Lanka in 2022:
- Bolivia (46.1 tons)
- Belize (10.6 tons)
- Senegal (9.7 tons)
- Spain (6.4 tons)
- Kenya (5.4 tons)
- India (3.0 tons)
- France (2.2 tons)
- Brazil (2.0 tons)
- Thailand (0.7 tons)
- Bangladesh (0.1 tons)
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