Sri Lanka: Textile Tubing Market 2024

Textile Tubing Market Size in Sri Lanka

The Sri Lankan textile tubing market fell slightly to $X in 2022, with a decrease of X% against the previous year. Over the period under review, the total consumption indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market remained at a lower figure.

Textile Tubing Production in Sri Lanka

In value terms, textile tubing production reduced modestly to $X in 2022 estimated in export price. Overall, the total production indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2019 indices. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2022, production growth remained at a somewhat lower figure.

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Textile Tubing Exports

Exports from Sri Lanka

In 2022, overseas shipments of textile hosepiping and similar textile tubing increased by X% to X kg, rising for the third consecutive year after five years of decline. Overall, exports continue to indicate a measured increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, textile tubing exports skyrocketed to $X in 2022. In general, exports posted a prominent expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Jordan (X kg) was the main destination for textile tubing exports from Sri Lanka, with a X% share of total exports. Moreover, textile tubing exports to Jordan exceeded the volume sent to the second major destination, China (X kg), fourfold.

From 2012 to 2022, the average annual growth rate of volume to Jordan totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and Seychelles (X% per year).

In value terms, Jordan ($X) remains the key foreign market for textile hosepiping and similar textile tubing exports from Sri Lanka, comprising X% of total exports. The second position in the ranking was taken by China ($X), with an X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Jordan totaled X.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and Seychelles (X% per year).

Export Prices by Country

In 2022, the average textile tubing export price amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, the export price posted a modest expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Jordan ($X per ton), while the average price for exports to Seychelles ($X 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 Jordan (X%), while the prices for the other major destinations experienced mixed trend patterns.

Textile Tubing Imports

Imports into Sri Lanka

In 2022, after two years of growth, there was significant decline in overseas purchases of textile hosepiping and similar textile tubing, when their volume decreased by X% to X tons. Overall, imports, however, showed a moderate increase. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, textile tubing imports reduced notably to $X in 2022. In general, imports, however, enjoyed perceptible growth. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Imports peaked at $X in 2021, and then reduced sharply in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of textile tubing to Sri Lanka, accounting for a X% share of total imports. Moreover, textile tubing imports from China exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), fourfold. The third position in this ranking was taken by India (X tons), with an X% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (X% per year) and India (X% per year).

In value terms, the largest textile tubing suppliers to Sri Lanka were China ($X), Malaysia ($X) and the UK ($X), together accounting for X% of total imports. India, the United States, the United Arab Emirates and Taiwan (Chinese) lagged somewhat behind, together comprising a further X%.

The United Arab Emirates, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average textile tubing import price stood at $X per ton in 2022, therefore, remained relatively stable against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 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 the UK ($X per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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