Report Update: Apr 1, 2024

Sri Lanka - Wadding Of Textile Materials And Articles Thereof - Market Analysis, Forecast, Size, Trends and Insights

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Textile Wadding Price in Sri Lanka - 2021

Textile Wadding Price in Sri Lanka (CIF) - 2022

In 2022, the average textile wadding import price amounted to $8,528 per ton, jumping by 26% against the previous year. Over the period under review, import price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, textile wadding import price increased by +28.8% against 2020 indices. The pace of growth appeared the most rapid in 2014 when the average import price increased by 39%. The import price peaked in 2022 and is expected to retain growth in years to come.

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 Singapore ($23,218 per ton), while the price for India ($3,840 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+8.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Textile Wadding Price in Sri Lanka (FOB) - 2022

The average textile wadding export price stood at $2,070 per ton in 2022, with an increase of 28% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.1%. The most prominent rate of growth was recorded in 2014 when the average export price increased by 29% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Pakistan ($7,596 per ton), while the average price for exports to the UK ($733 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 Myanmar (+8.9%), while the prices for the other major destinations experienced more modest paces of growth.

Textile Wadding Imports in Sri Lanka

Textile wadding imports into Sri Lanka was estimated at 647 tons in 2022, picking up by 5.5% against the previous year's figure. In general, total imports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +21.1% 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 +77.4% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 75% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, textile wadding imports surged to $5.5M in 2022. Over the period under review, total imports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +28.0% 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 +109.8% against 2019 indices. The growth pace was the most rapid in 2020 when imports increased by 61%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.

Import of Textile Wadding in Sri Lanka (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	525	1,765	1,831	2,220	61.7%
Singapore	27.8	867	863	1,970	313.8%
Spain	746	717	732	424	-17.2%
United Kingdom	5.5	30.1	130	166	211.3%
India	655	338	124	153	-38.4%
Thailand	141	135	107	134	-1.7%
Malaysia	83.8	134	48.8	N/A	-23.7%
Others	447	249	322	455	0.6%
Total	2,632	4,235	4,158	5,522	28.0%

Top Suppliers of Textile Wadding to Sri Lanka in 2022:

China (444.4 tons)
Singapore (84.9 tons)
India (39.8 tons)
Spain (26.0 tons)
United Kingdom (11.6 tons)
Thailand (11.3 tons)

Textile Wadding Exports in Sri Lanka

In 2022, shipments abroad of wadding of textile materials and articles thereof decreased by -49.9% to 161 tons for the first time since 2018, thus ending a three-year rising trend. In general, exports faced a abrupt decrease. The pace of growth was the most pronounced in 2020 when exports increased by 24%.

In value terms, textile wadding exports dropped rapidly to $334K in 2022. Over the period under review, exports continue to indicate a deep downturn. The growth pace was the most rapid in 2021 with an increase of 1.7% against the previous year. As a result, the exports reached the peak of $519K, and then shrank significantly in the following year.

Export of Textile Wadding in Sri Lanka (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Thailand	127	144	139	129	0.5%
India	25.3	39.2	43.0	56.8	30.9%
Pakistan	N/A	N/A	N/A	47.4	0%
Myanmar	90.1	60.5	32.6	37.9	-25.1%
United Kingdom	7.0	7.6	13.5	16.3	32.5%
Malaysia	17.4	31.9	14.7	14.3	-6.3%
Iran	15.1	22.9	48.3	2.6	-44.4%
South Korea	64.6	59.4	49.9	N/A	-12.1%
Peru	27.1	60.3	86.5	N/A	78.7%
Others	135	84.9	91.5	30.0	-39.4%
Total	509	510	519	334	-13.1%

Top Export Markets for Textile Wadding from Sri Lanka in 2022:

Thailand (79.2 tons)
India (27.9 tons)
United Kingdom (22.2 tons)
Myanmar (12.0 tons)
Malaysia (8.0 tons)
Pakistan (6.2 tons)
Iran (2.7 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the textile wadding 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 13991400 - Textile flock and dust and mill neps
Prodcom 17221240 - Wadding, other articles of wadding

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023