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Prospects for the Textile and Clothing Industry in Sri Lanka, 2022

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    Report

  • 49 Pages
  • June 2022
  • Region: Sri Lanka
  • Textiles Intelligence Ltd.
  • ID: 5632723

The textile and clothing industry in Sri Lanka is of major importance for the country’s economy. Textile and clothing exports accounted for almost 43% of Sri Lanka’s total exports in 2021, and the industry provided direct employment for about 350,000 people and indirect employment for about 1.0 mn people in support activities.

However, these encouraging numbers mask marked differences between the textile industry and the clothing industry. In the textile industry, there has been a sharp decline in the number of manufacturing facilities. In the clothing industry, by contrast, there has been significant expansion over the years, at least in terms of output. Success in clothing has been based on Sri Lanka’s growing reputation in international markets as a reliable supplier of competitively priced high quality products, and the establishment of strong and enduring links with Western brands and retailers.

Looking ahead, Sri Lanka faces growing competition in Western markets from other Asian suppliers. But there are opportunities for the clothing industry to secure further advances. In particular, Sri Lanka has already made gains in the EU import market following the reinstatement in May 2017 of its GSP+ status under the EU’s General Scheme of Preferences (GSP). However, it is uncertain whether the country will continue to benefit from the arrangement from 2023 onwards when it comes up for renewal. More urgently, the industry is likely to be heavily impacted in 2022 from a deepening economic crisis in the country. Furthermore, a sharp depreciation of the rupee has increased the cost of purchasing imported textiles - on which the Sri Lankan apparel industry depends heavily. On the positive side, foreign direct investment in backward vertical integration looks set to increase sharply. 

Who should buy this report?

  • Manufacturers of fibres, textiles, clothing and chemicals
  • Textile and clothing machinery manufacturers - spinning, weaving, knitting, sewing and import/export
  • Textile and clothing brands and retailers like Adidas, H&M etc.
  • Educational institutions like universities, fashion schools etc.
  • Business consultancy firms
  • Textile and clothing trade associations
  • Government trade bodies

 

Table of Contents

SUMMARYIMPORTANCE OF THE TEXTILE AND CLOTHING INDUSTRY TO THE ECONOMY OF SRI LANKADEVELOPMENT OF THE TEXTILE AND CLOTHING INDUSTRY IN SRI LANKA
SRI LANKA: GEOGRAPHICAL, POLITICAL AND ECONOMIC PROFILE
  • Geographical profile
  • Political profile
  • Economic profile
SRI LANKA: INFRASTRUCTURE
  • Transportation
  • Roads
  • Railways
  • Airports and airlines
  • Ports
  • Telecommunications
SRI LANKA: HUMAN RESOURCES
SIZE AND STRUCTURE OF THE TEXTILE AND CLOTHING INDUSTRY IN SRI LANKA
  • Textiles
  • Clothing
SRI LANKA: TEXTILE AND CLOTHING PRODUCTION AND CONSUMPTION
SRI LANKA: TEXTILE AND CLOTHING EXPORTS
  • Textile and clothing exports
  • Textile exports
  • Clothing exports
  • Textile and clothing exports by destination
  • Clothing exports by destination
  • Outlook
SRI LANKA: TEXTILE AND CLOTHING IMPORTS
  • Textile and clothing imports
  • Textile imports by category
  • Textile and clothing imports by leading supplier
  • Textile and clothing machinery imports
SRI LANKA: FOREIGN DIRECT INVESTMENT (FDI) IN THE TEXTILE AND CLOTHING INDUSTRY
TEXTILES AND CLOTHING IN SRI LANKA: GOVERNMENT POLICIES AND INVESTMENT INCENTIVES
  • Government policies
  • Trade policies
  • Investment incentives
TEXTILES AND CLOTHING IN SRI LANKA: STRENGTHS, WEAKNESSES, OPPORTUNITIES AND THREATS
  • Strengths
  • Weaknesses
  • Opportunities
  • Threats
List of Tables
Table 1: Sri Lanka: political and economic profile, 2021
Table 2: Sri Lanka: economic indicators, 2018-21
Table 3: Sri Lanka: capacity utilisation in the textile and clothing industries, 2015-21
Table 4: Sri Lanka: mill fibre and yarn consumption by fibre type, 2015-21
Table 5: Sri Lanka: textile and clothing exports, 2015-21
Table 6: Sri Lanka: textile exports by category, 2015-21
Table 7: Sri Lanka: clothing exports by category, 2015-21
Table 8: Sri Lanka: textile and clothing exports by leading destination, 2015-21
Table 9: Sri Lanka: clothing exports by leading destination, 2015-21
Table 10: Sri Lanka: textile and clothing imports, 2015-21
Table 11: Sri Lanka: textile imports by category, 2015-21
Table 12: Sri Lanka: textile and clothing imports by leading supplier, 2015-21
Table 13: Sri Lanka: imports of textile and clothing machinery, 2015-21
Table 14: Sri Lanka: foreign direct investment (FDI) in the textile and clothing industry, 2015-21
Table 15: Sri Lanka: tax incentives approved for investors in the Eravur industrial zone, 2021
List of Map

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