Price for Tents of Synthetic Fibres in Sri Lanka - 2021

Contents:

1. Price for Tents of Synthetic Fibres in Sri Lanka (CIF) - 2022
2. Price for Tents of Synthetic Fibres in Sri Lanka (FOB) - 2022
3. Imports of Tents of Synthetic Fibres in Sri Lanka
4. Exports of Tents of Synthetic Fibres in Sri Lanka

Price for Tents of Synthetic Fibres in Sri Lanka (CIF) - 2022

The average tents of synthetic fibres import price stood at $11,186 per ton in 2022, with an increase of 34% against the previous year. Overall, import price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of +7.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, tents of synthetic fibres import price increased by +76.0% against 2020 indices. The pace of growth was the most pronounced in 2014 when the average import price increased by 57% against the previous year. The import price peaked at $11,382 per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Czech Republic ($159,683 per ton), while the price for China ($6,831 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+8.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Tents of Synthetic Fibres in Sri Lanka (FOB) - 2022

In 2022, the average tents of synthetic fibres export price amounted to $35,933 per ton, picking up by 518% against the previous year. Over the period under review, the export price posted prominent growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($466,000 per ton), while the average price for exports to the United States stood at $5,214 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+49.1%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Tents of Synthetic Fibres in Sri Lanka

In 2022, supplies from abroad of tents of synthetic fibreses decreased by -73% to 4.4 tons, falling for the second consecutive year after two years of growth. Over the period under review, imports faced a sharp contraction. The pace of growth appeared the most rapid in 2020 when imports increased by 139%. As a result, imports reached the peak of 63 tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, tents of synthetic fibres imports shrank sharply to $49K in 2022. Overall, imports faced a significant curtailment. The growth pace was the most rapid in 2020 with an increase of 115%. As a result, imports reached the peak of $400K. From 2021 to 2022, the growth of imports remained at a lower figure.

Top Suppliers of Tents of Synthetic Fibres to Sri Lanka in 2022:

1. China (4.2 tons)
2. Czech Republic (0.1 tons)

Exports of Tents of Synthetic Fibres in Sri Lanka

In 2022, the amount of tents of synthetic fibreses exported from Sri Lanka declined sharply to 15 kg, dropping by -99.8% compared with the previous year. Overall, exports showed a sharp descent. The smallest decline of -48.2% was in 2021.

In value terms, tents of synthetic fibres exports contracted rapidly to $539 in 2022. Over the period under review, exports continue to indicate a precipitous setback. The smallest decline of -9.7% was in 2021.

Top Export Markets for Tents of Synthetic Fibres from Sri Lanka in 2022:

1. United States (14.0 kg)
2. Germany (1.0 kg)

Source: IndexBox Market Intelligence Platform