Price for Yarn; of Fine Animal Hair, Combed, Not Put Up for Retail Sale in Sri Lanka - 2022

Contents:

  1. Price for Yarn; of Fine Animal Hair, Combed, Not Put Up for Retail Sale in Sri Lanka (CIF) - 2022
  2. Price for Yarn; of Fine Animal Hair, Combed, Not Put Up for Retail Sale in Sri Lanka (FOB) - 2022
  3. Imports of Yarn; of Fine Animal Hair, Combed, Not Put Up for Retail Sale in Sri Lanka
  4. Exports of Yarn; of Fine Animal Hair, Combed, Not Put Up for Retail Sale in Sri Lanka

Price for Yarn; of Fine Animal Hair, Combed, Not Put Up for Retail Sale in Sri Lanka (CIF) - 2022

In 2022, the average import price for yarn; of fine animal hair, combed, not put up for retail sale amounted to $23,436 per ton, picking up by 9.3% against the previous year. Over the period under review, the import price, however, saw a noticeable shrinkage. The pace of growth was the most pronounced in 2017 when the average import price increased by 75% against the previous year. The import price peaked at $34,183 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($24,283 per ton), while the price for Hong Kong SAR ($1,000 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-4.3%), while the prices for the other major suppliers experienced a decline.

Price for Yarn; of Fine Animal Hair, Combed, Not Put Up for Retail Sale in Sri Lanka (FOB) - 2022

The average export price for yarn; of fine animal hair, combed, not put up for retail sale stood at $79,800 per ton in 2022, jumping by 17% against the previous year. Over the period under review, the export price posted a buoyant expansion. The most prominent rate of growth was recorded in 2020 when the average export price increased by 177%. The export price peaked in 2022 and is expected to retain growth in years to come.

As there is only one major export destination, the average price level is determined by prices for Norway.

From 2012 to 2022, the rate of growth in terms of prices for Norway amounted to +16.9% per year.

Imports of Yarn; of Fine Animal Hair, Combed, Not Put Up for Retail Sale in Sri Lanka

For the third consecutive year, Sri Lanka recorded decline in overseas purchases of yarn; of fine animal hair, combed, not put up for retail sale, which decreased by -19.1% to 55 kg in 2022. Over the period under review, imports continue to indicate a deep contraction. The smallest decline of -19% was in 2021.

In value terms, imports of yarn; of fine animal hair, combed, not put up for retail sale declined to $1.3K in 2022. Overall, imports saw a abrupt slump.

Import of Yarn; of Fine Animal Hair, Combed, Not Put Up for Retail Sale in Sri Lanka (USD)
COUNTRY2019202020212022CAGR,
2019-2022
China1,8491,6391,4561,287-11.4%
Peru8.05.01.01.0-50.0%
Hong Kong SAR13.08.01.01.0-57.5%
OthersN/AN/AN/AN/A0%
Total1,8701,6521,4581,289-11.7%

Top Suppliers of Yarn; of Fine Animal Hair, Combed, Not Put Up for Retail Sale to Sri Lanka in 2022:

  1. China (53.0 kg)
  2. Peru (1.0 kg)
  3. Hong Kong SAR (1.0 kg)

Exports of Yarn; of Fine Animal Hair, Combed, Not Put Up for Retail Sale in Sri Lanka

In 2022, approx. 5 kg of yarn; of fine animal hair, combed, not put up for retail sale were exported from Sri Lanka; jumping by 25% against the previous year's figure. Over the period under review, exports, however, saw a sharp slump.

In value terms, exports of yarn; of fine animal hair, combed, not put up for retail sale skyrocketed to $399 in 2022. In general, exports, however, continue to indicate a deep setback.

Export of Yarn; of Fine Animal Hair, Combed, Not Put Up for Retail Sale in Sri Lanka (USD)
COUNTRY2019202020212022CAGR,
2019-2022
Norway688154189399-16.6%
IndiaN/A84.0N/AN/A0%
NetherlandsN/AN/A83.0N/A0%
OthersN/AN/AN/AN/A0%
Total688238272399-16.6%

Top Export Markets for Yarn; of Fine Animal Hair, Combed, Not Put Up for Retail Sale from Sri Lanka in 2022:

  1. Norway (5.0 kg)

Source: IndexBox Market Intelligence Platform

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