Sri Lanka: Market for Bed Linen Of Cotton 2023

Market Size for Bed Linen Of Cotton in Sri Lanka

The Sri Lankan bed linen of cotton market was finally on the rise to reach $X in 2021, after three years of decline. The market value increased at an average annual rate of +3.6% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Bed linen of cotton consumption peaked at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Production of Bed Linen Of Cotton in Sri Lanka

In value terms, bed linen of cotton production expanded modestly to $X in 2021 estimated in export price. In general, the total production indicated tangible growth from 2012 to 2021: its value increased at an average annual rate of +4.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -13.2% against 2017 indices. The pace of growth was the most pronounced in 2017 when the production volume increased by 39%. As a result, production attained the peak level of $X. From 2018 to 2021, production growth remained at a somewhat lower figure.

Exports of Bed Linen Of Cotton

Exports from Sri Lanka

In 2021, overseas shipments of bed linen of cotton decreased by -11.2% to X tons, falling for the second consecutive year after six years of growth. In general, exports, however, enjoyed a significant increase. The pace of growth appeared the most rapid in 2016 when exports increased by 347%. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, bed linen of cotton exports fell modestly to $X in 2021. Overall, exports, however, continue to indicate a significant expansion. The pace of growth was the most pronounced in 2016 with an increase of 212%. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The UK (X tons) was the main destination for bed linen of cotton exports from Sri Lanka, accounting for a 100% share of total exports. It was followed by Maldives (X kg), with a 0.1% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to the UK stood at +183.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Maldives (-43.7% per year) and the United Arab Emirates (-30.9% per year).

In value terms, the UK ($X) remains the key foreign market for bed linen of cotton exports from Sri Lanka, comprising 99% of total exports. The second position in the ranking was held by Maldives ($X), with a 0.1% share of total exports.

From 2012 to 2021, the average annual growth rate of value to the UK totaled +188.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Maldives (-40.4% per year) and the United Arab Emirates (-33.6% per year).

Export Prices by Country

The average bed linen of cotton export price stood at $X per ton in 2021, with an increase of 9.9% against the previous year. Overall, export price indicated a perceptible expansion from 2012 to 2021: its price increased at an average annual rate of +4.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, bed linen of cotton export price increased by +13.2% against 2019 indices. The most prominent rate of growth was recorded in 2014 an increase of 33% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major external markets. In 2021, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Maldives ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Maldives (+5.8%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Bed Linen Of Cotton

Imports into Sri Lanka

In 2021, purchases abroad of bed linen of cotton was finally on the rise to reach X tons after two years of decline. In general, imports showed buoyant growth. The pace of growth was the most pronounced in 2018 when imports increased by 531% against the previous year. As a result, imports attained the peak of X tons. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, bed linen of cotton imports skyrocketed to $X in 2021. Over the period under review, imports continue to indicate prominent growth. The most prominent rate of growth was recorded in 2018 when imports increased by 383%. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Pakistan (X tons) was the main bed linen of cotton supplier to Sri Lanka, with a 96% share of total imports. Moreover, bed linen of cotton imports from Pakistan exceeded the figures recorded by the second-largest supplier, China (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from Pakistan stood at +46.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-12.0% per year) and India (-44.4% per year).

In value terms, Pakistan ($X) constituted the largest supplier of bed linen of cotton to Sri Lanka, comprising 95% of total imports. The second position in the ranking was held by China ($X), with a 4.7% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Pakistan amounted to +55.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-7.6% per year) and India (-43.1% per year).

Import Prices by Country

In 2021, the average bed linen of cotton import price amounted to $X per ton, picking up by 38% against the previous year. Over the period under review, import price indicated a tangible increase from 2012 to 2021: its price increased at an average annual rate of +4.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, bed linen of cotton import price increased by +50.7% against 2019 indices. The most prominent rate of growth was recorded in 2013 an increase of 61%. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was China ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Pakistan (+6.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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