Report Update Feb 1, 2025

Sri Lanka - Yarn of Wool - Market Analysis, Forecast, Size, Trends and Insights

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Sri Lanka: Woolen Yarn Market 2025

Woolen Yarn Market Size in Sri Lanka

After three years of decline, the Sri Lankan woolen yarn market increased by 97% to $X in 2021. Over the period under review, the total consumption indicated a slight expansion from 2012 to 2021: its value increased at an average annual rate of +1.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Woolen yarn consumption peaked at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Woolen Yarn Exports

Exports from Sri Lanka

In 2021, overseas shipments of yarn of wool were finally on the rise to reach X kg for the first time since 2015, thus ending a five-year declining trend. Overall, exports, however, continue to indicate a dramatic downturn. The most prominent rate of growth was recorded in 2014 when exports increased by 344%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, woolen yarn exports shrank notably to $X in 2021. Over the period under review, exports, however, recorded a dramatic descent. The most prominent rate of growth was recorded in 2020 when exports increased by 1,258% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Australia (X kg), Oman (X kg) and Denmark (X kg) were the main destinations of woolen yarn exports from Sri Lanka, together comprising 91% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Oman (with a CAGR of 0.0%), while the other leaders experienced a decline.

In value terms, the largest markets for woolen yarn exported from Sri Lanka were Maldives ($X), Oman ($X) and Denmark ($X), together comprising 54% of total exports.

In terms of the main countries of destination, Maldives, with a CAGR of +12.2%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average woolen yarn export price stood at $X per ton in 2021, with a decrease of -82.4% against the previous year. Overall, the export price, however, posted a buoyant increase. The most prominent rate of growth was recorded in 2020 an increase of 1,289% against the previous year. As a result, the export price attained the peak level of $X per ton, and then declined remarkably in the following year.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Maldives ($X per ton), while the average price for exports to Australia ($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 Maldives (+58.3%), while the prices for the other major destinations experienced mixed trend patterns.

Woolen Yarn Imports

Imports into Sri Lanka

Woolen yarn imports into Sri Lanka skyrocketed to X tons in 2021, rising by 48% against the previous year's figure. Overall, total imports indicated a mild increase from 2012 to 2021: its volume increased at an average annual rate of +1.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2015 with an increase of 104% against the previous year. As a result, imports attained the peak of X tons. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, woolen yarn imports soared to $X in 2021. Over the period under review, imports, however, recorded a relatively flat trend pattern. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

India (X tons), China (X tons) and Turkey (X tons) were the main suppliers of woolen yarn imports to Sri Lanka, with a combined 89% share of total imports. These countries were followed by Austria, the UK and Vietnam, which together accounted for a further 1.7%.

From 2012 to 2021, the biggest increases were recorded for Austria (with a CAGR of +27.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, India ($X) constituted the largest supplier of yarn of wool to Sri Lanka, comprising 58% of total imports. The second position in the ranking was taken by China ($X), with a 24% share of total imports. It was followed by Austria, with a 2.8% share.

From 2012 to 2021, the average annual growth rate of value from India amounted to +18.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-9.2% per year) and Austria (+36.2% per year).

Import Prices by Country

In 2021, the average woolen yarn import price amounted to $X per ton, picking up by 58% against the previous year. Overall, the import price, however, saw a mild descent. Over the period under review, average import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Austria ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+18.9%), 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 yarn of wool in the world?

The countries with the highest volumes of woolen yarn consumption in 2020 were China, India and Italy, together comprising 42% of global consumption.

What are the largest producers of yarn of wool in the world?

The country with the largest volume of woolen yarn production was China, comprising approx. 26% of total volume. Moreover, woolen yarn production in China exceeded the figures recorded by the second-largest producer, India, twofold. Italy ranked third in terms of total production with an 8.9% share.

What are the leading suppliers of yarn of wool to Sri Lanka?

In value terms, the largest woolen yarn suppliers to Sri Lanka were India and China.

What are the leading importers of yarn of wool from Sri Lanka?

In value terms, Germany emerged as the key foreign market for woolen yarn exports from Sri Lanka, comprising 82% of total exports. The second position in the ranking was occupied by Maldives, with a 6.1% share of total exports. It was followed by Denmark, with a 2.4% share.

What is the average export price for yarn of wool in Sri Lanka?

In 2020, the average woolen yarn export price amounted to $145,621 per ton, rising by 574% against the previous year.

What is the average import price for yarn of wool in Sri Lanka?

The average woolen yarn import price stood at $13,096 per ton in 2020, shrinking by -11.1% against the previous year.

This report provides an in-depth analysis of the woolen yarn 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 13105010 - Yarn of carded wool or fine animal hair, n.p.r.s.
Prodcom 13105030 - Yarn of combed wool or fine animal hair, n.p.r.s.
Prodcom 13105050 - Yarn of wool or fine animal hair, p.r.s.

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 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
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 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
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, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024