Sri Lanka - Woven Woolen Fabrics - Market Analysis, Forecast, Size, Trends and Insights
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View PricingWoolen Fabric Price in Sri Lanka - 2021
Contents:
- Woolen Fabric Price in Sri Lanka (CIF) - 2022
- Woolen Fabric Price in Sri Lanka (FOB) - 2022
- Woolen Fabric Imports in Sri Lanka
- Woolen Fabric Exports in Sri Lanka
Woolen Fabric Price in Sri Lanka (CIF) - 2022
The average woolen fabric import price stood at $12 per square meter in 2022, increasing by 27% against the previous year. Over the last decade, it increased at an average annual rate of +3.9%. The most prominent rate of growth was recorded in 2013 an increase of 31%. Over the period under review, average import prices hit record highs in 2022 and is likely to continue 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 Romania ($13 per square meter), while the price for the United Arab Emirates ($0.6 per square meter) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+7.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Woolen Fabric Price in Sri Lanka (FOB) - 2022
The average woolen fabric export price stood at $1 per square meter in 2022, reducing by -87.3% against the previous year. Over the period under review, the export price continues to indicate a deep setback. The most prominent rate of growth was recorded in 2018 an increase of 76% against the previous year. As a result, the export price attained the peak level of $20 per square meter. From 2019 to 2022, the average export prices failed to regain momentum.
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 Maldives ($2.7 per square meter), while the average price for exports to the United Arab Emirates ($0.5 per square meter) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (+16.9%), while the prices for the other major destinations experienced more modest paces of growth.
Woolen Fabric Imports in Sri Lanka
In 2022, supplies from abroad of woven woolen fabrics decreased by -7.8% to 510K square meters, falling for the second consecutive year after two years of growth. The total import volume increased at an average annual rate of +9.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 45% against the previous year. As a result, imports reached the peak of 569K square meters. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, woolen fabric imports skyrocketed to $6.1M in 2022. In general, total imports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +27.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +105.9% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 76% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.
Import of Woolen Fabric in Sri Lanka (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Italy | 905 | 3,381 | 3,545 | 4,156 | 66.2% |
Romania | 109 | 373 | 74.4 | 959 | 106.4% |
China | 829 | 644 | 350 | 534 | -13.6% |
India | 91.8 | 68.3 | 142 | 91.6 | -0.1% |
United Kingdom | 339 | 142 | 102 | 36.0 | -52.6% |
United Arab Emirates | 32.8 | 17.6 | 13.2 | 6.7 | -41.1% |
Uruguay | 241 | 271 | 432 | N/A | 33.9% |
Others | 396 | 286 | 492 | 276 | -11.3% |
Total | 2,942 | 5,184 | 5,151 | 6,059 | 27.2% |
Top Suppliers of Woolen Fabric to Sri Lanka in 2022:
- Italy (324.4K square meters)
- Romania (73.2K square meters)
- China (68.8K square meters)
- United Arab Emirates (10.4K square meters)
- India (9.5K square meters)
- United Kingdom (2.6K square meters)
Woolen Fabric Exports in Sri Lanka
In 2022, approx. 200 square meters of woven woolen fabrics were exported from Sri Lanka; waning by -98.1% on the year before. In general, exports recorded a sharp shrinkage. The pace of growth appeared the most rapid in 2021 when exports increased by 49% against the previous year. The exports peaked at 26K square meters in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, woolen fabric exports fell notably to $203 in 2022. Overall, exports recorded a sharp descent. The pace of growth was the most pronounced in 2021 when exports increased by 35%. Over the period under review, the exports attained the peak figure at $146K in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
Export of Woolen Fabric in Sri Lanka (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 0.7 | 0.2 | 0.3 | 0.1 | -47.7% |
Hong Kong SAR | 71.7 | 47.1 | 59.2 | N/A | -9.1% |
South Korea | 6.6 | 0.3 | 3.2 | N/A | -30.4% |
China | 20.2 | 0.9 | 10.0 | N/A | -29.6% |
United Arab Emirates | N/A | N/A | N/A | N/A | 0% |
Myanmar | 35.3 | N/A | N/A | N/A | 0% |
Maldives | 0.6 | 1.0 | 1.6 | N/A | 63.3% |
Others | 10.7 | 11.8 | 8.9 | N/A | -8.8% |
Total | 146 | 61.4 | 83.2 | 0.2 | -88.9% |
Top Export Markets for Woolen Fabric from Sri Lanka in 2022:
- United States (117.0 square meters)
- United Arab Emirates (76.0 square meters)
- Maldives (7.0 square meters)
This report provides an in-depth analysis of the woolen fabric 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 13201230 - Woven fabrics of carded wool or carded fine animal hair
- Prodcom 13201260 - Woven fabrics of combed wool or combed fine animal hair, w oven fabrics of coarse animal hair
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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