Price for Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Sri Lanka - 2022

Contents:

1. Price for Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Sri Lanka (CIF) - 2022
2. Price for Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Sri Lanka (FOB) - 2022
3. Imports of Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Sri Lanka
4. Exports of Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Sri Lanka

Price for Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Sri Lanka (CIF) - 2022

The average import price for footwear; parts, outer soles and heels, of rubber or plasticses stood at $8,448 per ton in 2022, increasing by 12% against the previous year. Overall, the import price showed a buoyant increase. The most prominent rate of growth was recorded in 2015 an increase of 67%. Over the period under review, average import prices attained the maximum in 2022 and is likely to see steady growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($11,075 per ton), while the price for Thailand ($1,107 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+13.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Sri Lanka (FOB) - 2022

The average export price for footwear; parts, outer soles and heels, of rubber or plasticses stood at $5,094 per ton in 2022, waning by -31.3% against the previous year. Overall, the export price continues to indicate a slight curtailment. The most prominent rate of growth was recorded in 2014 an increase of 118%. As a result, the export price reached the peak level of $14,484 per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($27,446 per ton), while the average price for exports to Fiji ($2,413 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 Thailand (+9.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Sri Lanka

In 2022, imports of footwear; parts, outer soles and heels, of rubber or plasticses into Sri Lanka rose notably to 1.1K tons, with an increase of 5.3% compared with 2021 figures. In general, imports, however, continue to indicate a deep slump. The growth pace was the most rapid in 2021 with an increase of 20%.

In value terms, imports of footwear; parts, outer soles and heels, of rubber or plasticses skyrocketed to $8.9M in 2022. Overall, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +12.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +69.6% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 43% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in the near future.

Top Suppliers of Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics to Sri Lanka in 2022:

1. China (710.9 tons)
2. Pakistan (272.4 tons)
3. Vietnam (53.5 tons)
4. India (7.4 tons)

Exports of Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Sri Lanka

In 2022, the amount of footwear; parts, outer soles and heels, of rubber or plasticses exported from Sri Lanka declined dramatically to 17 tons, reducing by -19.8% compared with the year before. In general, exports, however, continue to indicate a remarkable increase. The pace of growth appeared the most rapid in 2021 when exports increased by 101%. As a result, the exports reached the peak of 21 tons, and then declined dramatically in the following year.

In value terms, exports of footwear; parts, outer soles and heels, of rubber or plasticses declined notably to $85K in 2022. Over the period under review, exports faced a abrupt setback. The growth pace was the most rapid in 2021 when exports increased by 181%. As a result, the exports attained the peak of $154K, and then declined sharply in the following year.

Top Export Markets for Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics from Sri Lanka in 2022:

1. Fiji (14.4 tons)
2. Netherlands (1.5 tons)
3. United Arab Emirates (0.5 tons)
4. India (0.3 tons)

Source: IndexBox Market Intelligence Platform