Sri Lanka: T-Shirt Market 2025

T-Shirt Market Size in Sri Lanka

The Sri Lankan t-shirt market surged to $X in 2022, jumping by 843% against the previous year. Overall, consumption, however, continues to indicate a abrupt decrease. T-shirt consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

T-Shirt Production in Sri Lanka

In value terms, t-shirt production surged to $X in 2022 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. T-shirt production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

T-Shirt Exports

Exports from Sri Lanka

T-shirt exports from Sri Lanka dropped sharply to X units in 2022, with a decrease of -37.1% on 2021 figures. Over the period under review, exports, however, continue to indicate buoyant growth. The pace of growth was the most pronounced in 2021 with an increase of 286%. As a result, the exports reached the peak of X units, and then shrank remarkably in the following year.

In value terms, t-shirt exports fell to $X in 2022. Overall, total exports indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -15.2% against 2019 indices. The most prominent rate of growth was recorded in 2019 with an increase of 164%. As a result, the exports attained the peak of $X. From 2020 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

The United States (X units), Germany (X units) and the UK (X units) were the main destinations of t-shirt exports from Sri Lanka, together comprising 56% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (with a CAGR of +43.5%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for t-shirts exports from Sri Lanka, comprising 38% of total exports. The second position in the ranking was taken by Italy ($X), with a 7.2% share of total exports. It was followed by Germany, with a 6.8% share.

From 2012 to 2022, the average annual growth rate of value to the United States totaled +7.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (-5.5% per year) and Germany (+22.4% per year).

Export Prices by Country

In 2022, the average t-shirt export price amounted to $X per unit, jumping by 50% against the previous year. Over the period under review, the export price, however, recorded a abrupt decline. Over the period under review, the average export prices reached the peak figure at $X per unit in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Germany ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (-3.0%), while the prices for the other major destinations experienced a decline.

T-Shirt Imports

Imports into Sri Lanka

T-shirt imports into Sri Lanka fell rapidly to X units in 2022, waning by -27.4% compared with 2021 figures. Overall, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 121% against the previous year. Over the period under review, imports hit record highs at X units in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, t-shirt imports shrank modestly to $X in 2022. Over the period under review, imports recorded a noticeable curtailment. The growth pace was the most rapid in 2015 when imports increased by 47%. Imports peaked at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, India (X units) constituted the largest supplier of t-shirt to Sri Lanka, accounting for a 79% share of total imports. Moreover, t-shirt imports from India exceeded the figures recorded by the second-largest supplier, China (X units), tenfold. The third position in this ranking was taken by Japan (X units), with a 3.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from India totaled +10.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+5.0% per year) and Japan (+334.2% per year).

In value terms, India ($X) constituted the largest supplier of t-shirts to Sri Lanka, comprising 68% of total imports. The second position in the ranking was held by China ($X), with a 14% share of total imports. It was followed by Japan, with a 5.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value from India amounted to +1.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+4.0% per year) and Japan (+254.0% per year).

Import Prices by Country

In 2022, the average t-shirt import price amounted to $X per unit, surging by 32% against the previous year. In general, the import price, however, continues to indicate a noticeable downturn. The import price peaked at $X per unit in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-1.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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