Report Update Nov 1, 2024

Sri Lanka - Synthetic Filament Tow and Staple Fibers, not Carded or Combed - Market Analysis, Forecast, Size, Trends and Insights

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Sri Lanka: Synthetic Filament Tow Market 2022

Synthetic Filament Tow Market Size in Sri Lanka

In 2021, the Sri Lankan synthetic filament tow market decreased by -10.6% to $X for the first time since 2017, thus ending a three-year rising trend. In general, consumption, however, recorded a strong expansion. Over the period under review, the market attained the peak level at $X in 2020, and then dropped in the following year.

Synthetic Filament Tow Exports

Exports from Sri Lanka

In 2021, shipments abroad of synthetic filament tow and staple fibers, not carded or combed increased by 152% to X tons, rising for the third year in a row after two years of decline. In general, exports, however, recorded a abrupt decline. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, synthetic filament tow exports surged to $X in 2021. Overall, exports, however, continue to indicate a dramatic contraction. The pace of growth was the most pronounced in 2020 when exports increased by 48% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

China (X tons), India (X tons) and Italy (X tons) were the main destinations of synthetic filament tow exports from Sri Lanka, with a combined 94% share of total exports.

From 2012 to 2021, the biggest increases were in China (with a CAGR of +24.6%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, India ($X) remains the key foreign market for synthetic filament tow exports from Sri Lanka, comprising 50% of total exports. The second position in the ranking was taken by China ($X), with a 19% share of total exports. It was followed by Italy, with an 8.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to India totaled -18.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+11.5% per year) and Italy (-2.3% per year).

Export Prices by Country

The average synthetic filament tow export price stood at $X per ton in 2021, declining by -49.1% against the previous year. In general, the export price saw a abrupt slump. The most prominent rate of growth was recorded in 2018 an increase of 56%. As a result, the export price reached the peak level of $X per ton. From 2019 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was the UK ($X per ton), while the average price for exports to Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+29.1%), while the prices for the other major destinations experienced more modest paces of growth.

Synthetic Filament Tow Imports

Imports into Sri Lanka

After two years of growth, purchases abroad of synthetic filament tow and staple fibers, not carded or combed decreased by -23.7% to X tons in 2021. In general, imports, however, enjoyed a remarkable increase. The pace of growth appeared the most rapid in 2019 with an increase of 135% against the previous year. Imports peaked at X tons in 2020, and then declined rapidly in the following year.

In value terms, synthetic filament tow imports expanded notably to $X in 2021. Over the period under review, imports, however, enjoyed a notable increase. The pace of growth was the most pronounced in 2014 when imports increased by 144% against the previous year. Imports peaked in 2021 and are likely to see steady growth in years to come.

Imports by Country

China (X tons), Switzerland (X tons) and Thailand (X tons) were the main suppliers of synthetic filament tow imports to Sri Lanka, with a combined 76% share of total imports. These countries were followed by Indonesia, the United Arab Emirates, South Korea, the United States, Taiwan (Chinese) and Japan, which together accounted for a further 19%.

From 2012 to 2021, the biggest increases were in the United Arab Emirates (with a CAGR of +55.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of synthetic filament tow to Sri Lanka, comprising 50% of total imports. The second position in the ranking was held by Switzerland ($X), with a 25% share of total imports. It was followed by Thailand, with a 7.9% share.

From 2012 to 2021, the average annual growth rate of value from China totaled +22.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (+22.0% per year) and Thailand (+9.6% per year).

Import Prices by Country

The average synthetic filament tow import price stood at $X per ton in 2021, increasing by 38% against the previous year. Overall, the import price, however, saw a abrupt decline. The most prominent rate of growth was recorded in 2014 when the average import price increased by 40%. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Japan ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+24.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for synthetic filament tow and staple fibers, not carded or combed in the world?

The country with the largest volume of synthetic filament tow consumption was China, comprising approx. 22% of total volume. Moreover, synthetic filament tow consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. Japan ranked third in terms of total consumption with a 4.7% share.

What are the largest producers of synthetic filament tow and staple fibers, not carded or combed in the world?

China constituted the country with the largest volume of synthetic filament tow production, comprising approx. 26% of total volume. Moreover, synthetic filament tow production in China exceeded the figures recorded by the second-largest producer, South Korea, threefold. The United States ranked third in terms of total production with a 6.6% share.

What are the leading suppliers of synthetic filament tow and staple fibers, not carded or combed to Sri Lanka?

In value terms, Indonesia, China and Thailand constituted the largest synthetic filament tow suppliers to Sri Lanka, together comprising 84% of total imports. These countries were followed by South Korea and Vietnam, which together accounted for a further 4.7%.

What are the leading importers of synthetic filament tow and staple fibers, not carded or combed from Sri Lanka?

In value terms, India remains the key foreign market for synthetic filament tow exports from Sri Lanka, comprising 77% of total exports. The second position in the ranking was occupied by Italy, with a 13% share of total exports. It was followed by Pakistan, with a 1.4% share.

What is the average export price for synthetic filament tow and staple fibers, not carded or combed in Sri Lanka?

In 2021, the average synthetic filament tow export price amounted to $1,933 per ton, almost unchanged from the previous year.

What is the average import price for synthetic filament tow and staple fibers, not carded or combed in Sri Lanka?

In 2021, the average synthetic filament tow import price amounted to $1,243 per ton, rising by 9.9% against the previous year.

This report provides an in-depth analysis of the synthetic filament tow 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 20601110 - Aramids staple, not carded, combed or otherwise processed for spinning
Prodcom 20601120 - Other polyamide tow and staple, not carded, combed or otherwise processed for spinning
Prodcom 20601130 - Polyester tow and staple, not carded, combed or otherwise processed for spinning
Prodcom 20601140 - Acrylic tow and staple, not carded, combed or otherwise processed for spinning
Prodcom 20601150 - Polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning
Prodcom 20601190 - Other synthetic tow and staple not carded, combed or otherwise processed for spinning

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023