DUBLIN–(BUSINESS WIRE)–The “Prospects for the Textile and Clothing Industry in Sri Lanka, 2022” report from Textiles Intelligence Ltd. has been added to ResearchAndMarkets.com’s offering.
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.
Key Topics Covered:
SUMMARY
IMPORTANCE OF THE TEXTILE AND CLOTHING INDUSTRY TO THE ECONOMY OF SRI LANKA
DEVELOPMENT 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
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
For more information about this report visit https://www.researchandmarkets.com/r/7kepea.