Sri Lanka: Non-Knitted Women Apparel Market 2022

Non-Knitted Women Apparel Market Size in Sri Lanka

In 2021, the Sri Lankan non-knitted women apparel market increased by X% to $X for the first time since 2018, thus ending a two-year declining trend. Overall, consumption posted a strong increase. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

Non-Knitted Women Apparel Production in Sri Lanka

In value terms, non-knitted women apparel production rose markedly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +X% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Non-Knitted Women Apparel Exports

Exports from Sri Lanka

Non-knitted women apparel exports from Sri Lanka amounted to X units in 2021, with an increase of X% compared with 2020. Over the period under review, exports, however, continue to indicate a perceptible shrinkage. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, non-knitted women apparel exports expanded rapidly to $X in 2021. Overall, exports, however, continue to indicate a perceptible descent. The growth pace was the most rapid in 2019 when exports increased by X%. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (X units), the UK (X units) and Germany (X units) were the main destinations of non-knitted women apparel exports from Sri Lanka, with a combined X% share of total exports. Italy, Brazil and Canada lagged somewhat behind, together comprising a further X 2012 to 2021, the biggest increases were in Brazil (with a CAGR of +X%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the United States ($X) remains the key foreign market for non-knitted women apparel exports from Sri Lanka, comprising X% of total exports. The second position in the ranking was taken by the UK ($X), with a X% share of total exports. It was followed by Germany, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States stood at -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (-X% per year) and Germany (-X% per year).

Export Prices by Country

In 2021, the average non-knitted women apparel export price amounted to $X per unit, with an increase of X% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2015 when the average export price increased by X%. Over the period under review, the average export prices reached the maximum at $X per unit in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Canada ($X per unit), while the average price for exports to Brazil ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Knitted Women Apparel Imports

Imports into Sri Lanka

In 2021, non-knitted women apparel imports into Sri Lanka fell dramatically to X units, with a decrease of -X% on 2020 figures. Over the period under review, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X units in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, non-knitted women apparel imports reduced to $X in 2021. Overall, imports, however, recorded a perceptible expansion. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, India (X units) constituted the largest supplier of non-knitted women apparel to Sri Lanka, with a X% share of total imports. Moreover, non-knitted women apparel imports from India exceeded the figures recorded by the second-largest supplier, Bangladesh (X units), fourfold. The third position in this ranking was held by Myanmar (X units), with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from India amounted to -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Bangladesh (+X% per year) and Myanmar (+X% per year).

In value terms, India ($X), Bangladesh ($X) and Myanmar ($X) were the largest non-knitted women apparel suppliers to Sri Lanka, together comprising X% of total imports.

In terms of the main suppliers, Myanmar, with a CAGR of +X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average non-knitted women apparel import price amounted to $X per unit, increasing by X% against the previous year. Over the last nine-year period, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2017 when the average import price increased by X%. As a result, import price reached the peak level of $X per unit. From 2018 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Myanmar ($X per unit), while the price for India ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Myanmar (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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