Price for Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Sri Lanka - 2022
Contents:
- Price for Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Sri Lanka (FOB) - 2022
- Price for Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Sri Lanka (CIF) - 2022
- Exports of Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Sri Lanka
- Imports of Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Sri Lanka
Price for Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Sri Lanka (FOB) - 2022
The average export price for synthetic staple fibres, carded, combed or otherwise processed for spinnings stood at $9,851 per ton in 2022, picking up by 85% against the previous year. Over the period under review, the export price enjoyed a resilient increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Jordan ($140,553 per ton), while the average price for exports to China ($7,036 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 (+10.9%).
Price for Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Sri Lanka (CIF) - 2022
In 2022, the average import price for synthetic staple fibres, carded, combed or otherwise processed for spinnings amounted to $2,026 per ton, surging by 16% against the previous year. Overall, the import price, however, showed a noticeable curtailment. The most prominent rate of growth was recorded in 2016 when the average import price increased by 33% against the previous year. The import price peaked at $5,162 per ton in 2019; however, from 2020 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 Indonesia ($16,450 per ton), while the price for Vietnam ($1,276 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+22.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Sri Lanka
In 2022, after two years of decline, there was significant growth in overseas shipments of synthetic staple fibres, carded, combed or otherwise processed for spinnings, when their volume increased by 7,598% to 4.8 tons. Over the period under review, exports, however, faced a precipitous slump.
In value terms, exports of synthetic staple fibres, carded, combed or otherwise processed for spinnings soared to $47K in 2022. Overall, exports saw a measured expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 25.2 | 0.4 | 0.2 | 20.3 | -7.0% |
| China | 16.5 | 0.3 | 0.1 | 13.4 | -6.7% |
| Jordan | N/A | N/A | N/A | 13.2 | 0% |
| Others | 0.5 | N/A | N/A | 0.1 | -41.5% |
| Total | 42.2 | 0.7 | 0.3 | 47.0 | 3.7% |
Top Export Markets for Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning from Sri Lanka in 2022:
- India (2.8 tons)
- China (1.9 tons)
- Jordan (0.1 tons)
Imports of Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Sri Lanka
For the third year in a row, Sri Lanka recorded decline in overseas purchases of synthetic staple fibres, carded, combed or otherwise processed for spinnings, which decreased by -73.8% to 18 tons in 2022. Overall, imports recorded a sharp slump. The smallest decline of -20.3% was in 2020.
In value terms, imports of synthetic staple fibres, carded, combed or otherwise processed for spinnings dropped sharply to $37K in 2022. Over the period under review, imports showed a sharp downturn. The smallest decline of -50.1% was in 2020.
| Import of Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 14.1 | 46.9 | 40.9 | 16.0 | 4.3% |
| China | 13.2 | 2.7 | 0.7 | 10.0 | -8.8% |
| South Korea | 46.9 | 32.6 | 15.5 | 5.7 | -50.5% |
| Taiwan (Chinese) | 549 | 228 | 59.5 | 3.0 | -82.4% |
| Others | 27.4 | 14.3 | 5.9 | 2.4 | -55.6% |
| Total | 651 | 324 | 122 | 37.1 | -61.5% |
Top Suppliers of Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning to Sri Lanka in 2022:
- Vietnam (12.5 tons)
- China (3.7 tons)
- South Korea (1.2 tons)
- Taiwan (Chinese) (0.8 tons)
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In value terms, synthetic staple fibers imports totaled $X in 2016. In general, synthetic staple fibers imports continue to indicate a relatively flat trend pattern. Global synthetic staple fibers ...
582
In value terms, carded and combed synthetic staple fibers imports stood at $X in 2016. Overall, carded and combed synthetic staple fibers imports continue to indicate a mild shrinkage. Global carde...
1266
In value terms, synthetic staple fibers exports stood at $X in 2016. Overall, synthetic staple fibers exports continue to indicate a relatively flat trend pattern. Over the period under review, glo...
1182
In value terms, carded and combed synthetic staple fibers exports amounted to $X in 2016. Overall, it indicated a mild growth from 2007 to 2016: the total exports value decreased at an average annu...
