Price for Waste (Including Noils, Yarn Waste and Garnetted Stock), of Man-Made Fibres in Sri Lanka - 2022
Contents:
- Price for Waste (Including Noils, Yarn Waste and Garnetted Stock), of Man-Made Fibres in Sri Lanka (FOB) - 2022
- Price for Waste (Including Noils, Yarn Waste and Garnetted Stock), of Man-Made Fibres in Sri Lanka (CIF) - 2022
- Exports of Waste (Including Noils, Yarn Waste and Garnetted Stock), of Man-Made Fibres in Sri Lanka
- Imports of Waste (Including Noils, Yarn Waste and Garnetted Stock), of Man-Made Fibres in Sri Lanka
Price for Waste (Including Noils, Yarn Waste and Garnetted Stock), of Man-Made Fibres in Sri Lanka (FOB) - 2022
The average export price for waste (including noils, yarn waste and garnetted stock), of man-made fibreses stood at $2,296 per ton in 2022, with an increase of 12% against the previous year. Overall, the export price posted a prominent expansion. The growth pace was the most rapid in 2021 when the average export price increased by 145% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is likely to continue growth in the near future.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($8,367 per ton), while the average price for exports to China ($114 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 the UK (+24.8%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Waste (Including Noils, Yarn Waste and Garnetted Stock), of Man-Made Fibres in Sri Lanka (CIF) - 2022
In 2022, the average import price for waste (including noils, yarn waste and garnetted stock), of man-made fibreses amounted to $1,117 per ton, shrinking by -44.5% against the previous year. In general, the import price continues to indicate a abrupt descent. The most prominent rate of growth was recorded in 2015 an increase of 115%. Over the period under review, average import prices reached the peak figure at $6,671 per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Taiwan (Chinese) ($3,212 per ton), while the price for India ($413 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+19.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Waste (Including Noils, Yarn Waste and Garnetted Stock), of Man-Made Fibres in Sri Lanka
In 2022, shipments abroad of waste (including noils, yarn waste and garnetted stock), of man-made fibreses increased by 66% to 139 tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, continue to indicate a precipitous descent.
In value terms, exports of waste (including noils, yarn waste and garnetted stock), of man-made fibreses surged to $319K in 2022. Over the period under review, total exports indicated a moderate expansion from 2019 to 2022: its value increased at an average annual rate of +2.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Waste (Including Noils, Yarn Waste and Garnetted Stock), of Man-Made Fibres in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 18.2 | 27.3 | 121 | 207 | 124.9% |
| Italy | 40.1 | 23.0 | 10.9 | 35.8 | -3.7% |
| South Korea | 48.1 | 48.2 | 11.0 | 20.6 | -24.6% |
| Vietnam | 40.4 | 38.0 | 8.2 | 14.3 | -29.3% |
| India | 30.9 | 13.8 | 5.2 | 12.6 | -25.8% |
| Spain | 15.7 | 11.6 | 1.9 | 5.2 | -30.8% |
| China | 27.9 | 20.2 | 3.3 | 4.5 | -45.6% |
| Taiwan (Chinese) | 36.1 | 24.9 | 3.4 | 3.6 | -53.6% |
| Others | 43.1 | 26.1 | 6.8 | 15.2 | -29.3% |
| Total | 301 | 233 | 172 | 319 | 2.0% |
Top Export Markets for Waste (Including Noils, Yarn Waste and Garnetted Stock), of Man-Made Fibres from Sri Lanka in 2022:
- China (39.7 tons)
- United Kingdom (24.8 tons)
- South Korea (18.0 tons)
- India (16.9 tons)
- Italy (11.9 tons)
- Vietnam (8.8 tons)
- Spain (7.2 tons)
- Taiwan (Chinese) (1.6 tons)
Imports of Waste (Including Noils, Yarn Waste and Garnetted Stock), of Man-Made Fibres in Sri Lanka
For the fourth year in a row, Sri Lanka recorded growth in purchases abroad of waste (including noils, yarn waste and garnetted stock), of man-made fibreses, which increased by 23% to 4.3 tons in 2022. Over the period under review, total imports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +27.0% 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 +104.9% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 62%. Over the period under review, imports of reached the peak figure in 2022 and are likely to see gradual growth in the near future.
In value terms, imports of waste (including noils, yarn waste and garnetted stock), of man-made fibreses shrank remarkably to $4.8K in 2022. Overall, imports, however, continue to indicate a drastic downturn. The smallest decline of -3.9% was in 2020.
| Import of Waste (Including Noils, Yarn Waste and Garnetted Stock), of Man-Made Fibres in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 4.4 | 2.6 | 2.4 | 1.7 | -27.2% |
| India | 0.2 | 0.5 | 0.8 | 1.2 | 81.7% |
| China | 0.2 | 1.3 | 1.9 | 0.8 | 58.7% |
| Taiwan (Chinese) | 1.5 | 1.6 | 1.1 | 0.6 | -26.3% |
| Italy | 1.3 | 1.2 | 0.8 | 0.4 | -32.5% |
| Others | N/A | 0.1 | N/A | N/A | 0% |
| Total | 7.6 | 7.3 | 7.0 | 4.8 | -14.2% |
Top Suppliers of Waste (Including Noils, Yarn Waste and Garnetted Stock), of Man-Made Fibres to Sri Lanka in 2022:
- India (2929.0 kg)
- United Kingdom (623.0 kg)
- China (300.0 kg)
- Italy (224.0 kg)
- Taiwan (Chinese) (189.0 kg)
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