Yarn; of Coir Price in Sri Lanka - 2021

Contents:

1. Yarn; of Coir Price in Sri Lanka (FOB) - 2022
2. Yarn; of Coir Exports in Sri Lanka

Yarn; of Coir Price in Sri Lanka (FOB) - 2022

In 2022, the average yarn; of coir export price amounted to $768 per ton, reducing by -35.4% against the previous year. Overall, the export price continues to indicate a noticeable curtailment. The pace of growth appeared the most rapid in 2021 when the average export price increased by 11% against the previous year. As a result, the export price reached the peak level of $1,189 per ton, and then declined dramatically in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Australia ($2,500 per ton), while the average price for exports to Malaysia ($232 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 China (+8.7%), while the prices for the other major destinations experienced more modest paces of growth.

Yarn; of Coir Exports in Sri Lanka

In 2022, yarn; of coir exports from Sri Lanka shrank notably to 976 tons, declining by -59.9% against the previous year. Over the period under review, exports recorded a significant decline. The pace of growth was the most pronounced in 2021 when exports increased by 11%.

In value terms, yarn; of coir exports contracted dramatically to $749K in 2022. Overall, exports recorded a sharp downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 23% against the previous year.

Top Export Markets for Yarn; of Coir from Sri Lanka in 2022:

1. Pakistan (650.2 tons)
2. Canada (203.7 tons)
3. China (51.0 tons)
4. Germany (21.0 tons)
5. Malaysia (20.8 tons)
6. United States (13.0 tons)

Source: IndexBox Market Intelligence Platform