Sri Lanka - Textile Products And Articles For Technical Uses - Market Analysis, Forecast, Size, Trends and Insights
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View PricingTechnical Textiles Price in Sri Lanka - 2021
Contents:
- Technical Textiles Price in Sri Lanka (FOB) - 2022
- Technical Textiles Price in Sri Lanka (CIF) - 2022
- Technical Textiles Exports in Sri Lanka
- Technical Textiles Imports in Sri Lanka
Technical Textiles Price in Sri Lanka (FOB) - 2022
The average technical textiles export price stood at $5,554 per ton in 2022, waning by -38.8% against the previous year. In general, the export price saw a drastic downturn. The pace of growth was the most pronounced in 2019 an increase of 210%. The export price peaked at $81,174 per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.
Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were the United States ($6,426 per ton) and Germany ($5,598 per ton), while the average price for exports to South Korea ($4,369 per ton) and Hong Kong SAR ($4,473 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Myanmar (+0.5%), while the prices for the other major destinations experienced a decline.
Technical Textiles Price in Sri Lanka (CIF) - 2022
The average technical textiles import price stood at $10,014 per ton in 2022, reducing by -19.8% against the previous year. Over the period under review, the import price saw a noticeable shrinkage. The most prominent rate of growth was recorded in 2016 when the average import price increased by 29%. As a result, import price attained the peak level of $14,363 per ton. From 2017 to 2022, the average import prices remained at a somewhat 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 Germany ($66,549 per ton), while the price for Switzerland ($2,575 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+9.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Technical Textiles Exports in Sri Lanka
Technical textiles exports from Sri Lanka skyrocketed to 1.2K tons in 2022, jumping by 48% on the previous year's figure. In general, exports showed a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by 63% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the immediate term.
In value terms, technical textiles exports reduced to $6.9M in 2022. Over the period under review, exports, however, continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 23%.
| Export of Technical Textiles in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 2,645 | 1,704 | 2,008 | 1,562 | -16.1% |
| United Kingdom | 1,901 | 1,508 | 1,048 | 1,247 | -13.1% |
| Hong Kong SAR | 1,382 | 1,005 | 1,195 | 994 | -10.4% |
| Singapore | 728 | 370 | 470 | 437 | -15.6% |
| Germany | 238 | 293 | 574 | 419 | 20.7% |
| Netherlands | 97.6 | 61.8 | 446 | 359 | 54.4% |
| Belgium | 106 | 125 | 399 | 321 | 44.7% |
| South Korea | 306 | 131 | 294 | 236 | -8.3% |
| United Arab Emirates | 414 | 62.8 | 119 | 138 | -30.7% |
| Taiwan (Chinese) | 176 | 126 | 162 | 122 | -11.5% |
| Japan | 162 | 163 | 82.4 | 113 | -11.3% |
| Myanmar | 10.6 | N/A | N/A | N/A | 0% |
| Others | 410 | 621 | 764 | 918 | 30.8% |
| Total | 8,575 | 6,171 | 7,561 | 6,866 | -7.1% |
Top Export Markets for Technical Textiles from Sri Lanka in 2022:
- United Kingdom (265.1 tons)
- United States (243.1 tons)
- Hong Kong SAR (222.2 tons)
- Singapore (79.8 tons)
- Netherlands (76.9 tons)
- Germany (74.8 tons)
- Belgium (64.1 tons)
- South Korea (54.1 tons)
- Taiwan (Chinese) (29.2 tons)
- United Arab Emirates (27.8 tons)
- Japan (21.4 tons)
Technical Textiles Imports in Sri Lanka
In 2022, imports of textile products and articles for technical uses into Sri Lanka rose markedly to 570 tons, growing by 10% on the previous year's figure. In general, total imports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +17.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +60.9% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 34%. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in years to come.
In value terms, technical textiles imports shrank to $5.7M in 2022. Overall, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +12.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +42.1% against 2019 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 29% against the previous year. As a result, imports reached the peak of $6.4M, and then dropped in the following year.
| Import of Technical Textiles in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 443 | 462 | 514 | 2,755 | 83.9% |
| Brazil | N/A | N/A | N/A | 762 | 0% |
| Switzerland | 46.3 | 73.7 | 121 | 633 | 139.1% |
| China | 769 | 1,391 | 1,309 | 442 | -16.9% |
| Turkey | 37.5 | 58.5 | 71.2 | 310 | 102.2% |
| India | 1,485 | 1,813 | 1,925 | 263 | -43.8% |
| Germany | 307 | 270 | 321 | 78.9 | -36.4% |
| Malaysia | 71.5 | 102 | 171 | 61.6 | -4.8% |
| Others | 859 | 812 | 2,010 | 406 | -22.1% |
| Total | 4,019 | 4,981 | 6,442 | 5,712 | 12.4% |
Top Suppliers of Technical Textiles to Sri Lanka in 2022:
- Switzerland (245.8 tons)
- Brazil (90.5 tons)
- China (83.4 tons)
- Japan (59.9 tons)
- India (49.0 tons)
- Turkey (9.9 tons)
- Malaysia (9.4 tons)
- Germany (1.2 tons)
This report provides an in-depth analysis of the technical textiles market in Sri Lanka. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 13961620 - Textile hosepiping and similar textile tubing, whether or not impregnated or coated, with or without lining, armour or accessories of other materials
- Prodcom 13961650 - Textile wicks, conveyor belts or belting (including reinforced with metal or other material)
- Prodcom 13961680 - Textile fabrics and felts, for paper-making machines or similar machines (including for pulp or asbestos-cement)
Country coverage:
- Sri Lanka
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Sri Lanka
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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