Price for Textile Machinery; Spinning Machines in Sri Lanka - 2021
Contents:
- Price for Textile Machinery; Spinning Machines in Sri Lanka (CIF) - 2022
- Price for Textile Machinery; Spinning Machines in Sri Lanka (FOB) - 2022
- Imports of Textile Machinery; Spinning Machines in Sri Lanka
- Exports of Textile Machinery; Spinning Machines in Sri Lanka
Price for Textile Machinery; Spinning Machines in Sri Lanka (CIF) - 2022
The average textile machinery; spinning machines import price stood at $4,908 per unit in 2022, growing by 353% against the previous year. Over the period under review, the import price continues to indicate resilient growth. The pace of growth was the most pronounced in 2014 when the average import price increased by 982% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.
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 Pakistan ($10,178 per unit), while the price for Italy ($602 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+69.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Textile Machinery; Spinning Machines in Sri Lanka (FOB) - 2022
The average textile machinery; spinning machines export price stood at $14,086 per unit in 2022, shrinking by -75.3% against the previous year. Over the period under review, the export price, however, enjoyed a moderate expansion. The growth pace was the most rapid in 2021 when the average export price increased by 311% against the previous year. As a result, the export price attained the peak level of $57,077 per unit, and then dropped dramatically in the following year.
As there is only one major export destination, the average price level is determined by prices for India.
From 2012 to 2022, the rate of growth in terms of prices for India amounted to +3.0% per year.
Imports of Textile Machinery; Spinning Machines in Sri Lanka
In 2022, approx. 3 units of textile machinery; spinning machineses were imported into Sri Lanka; shrinking by -88% compared with the previous year. Over the period under review, imports faced a sharp descent. The most prominent rate of growth was recorded in 2021 when imports increased by 317% against the previous year. As a result, imports reached the peak of 25 units, and then dropped rapidly in the following year.
In value terms, textile machinery; spinning machines imports declined notably to $15K in 2022. Overall, imports, however, saw significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 307%. As a result, imports attained the peak of $27K, and then contracted significantly in the following year.
| Import of Textile Machinery; Spinning Machines in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Pakistan | N/A | N/A | N/A | 10.2 | 0% |
| China | 1.3 | 4.1 | 0.1 | 3.9 | 44.2% |
| Italy | 0.9 | 0.6 | 9.2 | 0.6 | -12.6% |
| South Korea | 3.5 | 1.4 | 6.3 | N/A | 34.2% |
| Thailand | 0.2 | 0.1 | 0.5 | N/A | 58.1% |
| United States | 0.1 | N/A | 0.2 | N/A | 41.4% |
| India | 0.2 | 0.4 | 1.5 | N/A | 173.9% |
| Denmark | 0.1 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | 9.2 | N/A | 0% |
| Total | 6.3 | 6.7 | 27.1 | 14.7 | 32.6% |
Top Suppliers of Textile Machinery; Spinning Machines to Sri Lanka in 2022:
- Pakistan (1.0 units)
- China (1.0 units)
- Italy (1.0 units)
Exports of Textile Machinery; Spinning Machines in Sri Lanka
In 2022, the amount of textile machinery; spinning machineses exported from Sri Lanka skyrocketed to 52 units, increasing by 271% against the previous year's figure. Overall, exports recorded a prominent increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, textile machinery; spinning machines exports shrank to $732K in 2022. The total export value increased at an average annual rate of +9.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 20% against the previous year. As a result, the exports reached the peak of $799K, and then reduced in the following year.
| Export of Textile Machinery; Spinning Machines in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 555 | 666 | 186 | 732 | 9.7% |
| Others | N/A | N/A | 613 | N/A | 0% |
| Total | 555 | 666 | 799 | 732 | 9.7% |
Top Export Markets for Textile Machinery; Spinning Machines from Sri Lanka in 2022:
- India (52.0 units)
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