What is the price of cotton per kilogram/pound in Sri Lanka today?
The retail price range for Sri Lanka cotton is between US$ 0.32 and US$ 0.40 per kilogram or between US$ 0.14 and US$ 0.18 per pound(lb). Click here to see today's exact prices of cotton in Sri Lanka
The retail price range in Sri Lanka Rupee for cotton is between LKR 97.16 and LKR 124.49 per kilogram or between LKR 44.06 and LKR 56.46 per pound(lb) in Colombo and Jaffna.
Wholesale prices
In 2024, the approximate wholesale price range for Sri Lanka cotton is between US$ 0.22 and US$ 0.28 per kilogram or between US$ 0.10 and US$ 0.13 per pound(lb).
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Sri Lanka Cotton Export Prices - Historical, Trends and Prediction
The export price per kilogram of Cotton from Sri Lanka over the last five years has been relatively stable. In 2017, the price was 0.47 US $ per kg, followed by 0.36 US $ per kg in 2019. In 2020, the price increased to 0.67 US $ per kg, before dropping to 0.49 US $ per kg in 2021. Based on this trend, it is likely that the export price of Cotton from Sri Lanka in 2023 will be around 0.50 US $ per kg, and in 2024 it will be around 0.45 US $ per kg.The exports of cotton from Sri Lanka are classified as:
- Cotton yarn waste, incl. thread waste (HS code 520210)
- Cotton linters (HS code 140420)
- Cotton, carded or combed (HS code 520300)
- Cotton, neither carded nor combed (HS code 520100)
- Cotton waste (excluding yarn waste, thread waste and garnetted stock) (HS code 520299)
- Garnetted stock of cotton (HS code 520291)
Sri Lanka Cotton Import Prices - Historical, Trends and Prediction
The import price per kilogram of Cotton into Sri Lanka over the last five years has been relatively stable. In 2017, the price was 0.47 US dollars per kg, followed by 0.36 US dollars per kg in 2019. In 2020, the price increased to 0.67 US dollars per kg, before dropping to 0.49 US dollars per kg in 2021. Based on this trend, it is predicted that the import price per kilogram of Cotton into Sri Lanka in 2023 will be 0.51 US dollars per kg, and in 2024 it will be 0.53 US dollars per kg.Export values for Sri Lanka cotton
The total values in export for cotton in Sri Lanka were US$ 386, US$ 361, US$ 843 and US$ 458 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in Sri Lanka: Milk & Cream, Yogurt, Kefir & Buttermilk, Whey, Butter, Cheese, Natural Honey, Coffee, Green Tea & Black Tea.
See prices of cotton in other countries across Asia: Kazakhstan cotton, Kyrgyzstan cotton, Tajikistan cotton, Turkmenistan cotton, Uzbekistan cotton, China cotton, Hong Kong cotton, Macao cotton, North Korea cotton & Mongolia cotton.
Sri Lanka cotton - Production, Exports, Imports, Seasons and HS Codes
In 2019 Sri Lanka sold 467 tonnes of cotton. For 2019 alone, the interest in Sri Lanka cotton (processed category) has gone down, changing by -11.385 per cent compared to the year 2018. Between 2017 and 2019, cotton's exports decreased by -38.71 pc netting the country US$0.46m for the year 2019. Sri Lanka's cotton exports are classified as:
- Cotton, neither carded nor combed (HS code 520100)
- Cotton linters (HS code 140420)
- Cotton waste (excluding yarn waste, thread waste and garnetted stock) (HS code 520299)
- Cotton yarn waste, incl. thread waste (HS code 520210)
- Garnetted stock of cotton (HS code 520291)
- Cotton, carded or combed (HS code 520300)
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Sri Lanka cotton export values
In 2019, Sri Lanka exported cotton with a value of 0.46m USD, a decrease of -45.43% from 2018's total cotton export of 0.843m USD. The yearly reduction in value of Sri Lanka cotton between 2017 to 2018 was 133.518 percent.
The per year variation in the quantity of Sri Lanka's cotton exports between 2017 and 2019 was -38.71 pc in comparison to a variation of -11.385% in the period between 2018 and 2019.
Sri Lanka's share of the world's total cotton's exports in 2019 was less than 1%. Sri Lanka holds position 28 in world exports of cotton.
Export markets for Sri Lanka cotton ( in '000$ )
Sri Lanka's leading destinations for cotton are United Kingdom (UK), Bahrain, Cameroon, Japan and Pakistan.
Import/Export Trends
Sri Lanka is a net exporter of cotton. The annual growth of Sri Lanka cotton in value between 2015 to 2019 was -59%, per year, while annual growth in quantity for the same period was %, per annum.
Sri Lanka procured 3,331 tonnes of cotton in 2019.