Sri Lanka is a small-to-medium-sized international textiles and apparel producer, with competitive labourcosts and the ability to exploit a number of niche markets as a supplier to international clothing brands.BMI ranks it at number 52 worldwide in terms of value added by the industry, which in 2008 weestimated at US$1.77bn at current prices - equivalent to 4.3% of the country's GDP. The industry faces arough ride in the next two years because of the slump in international clothing demand, and we expect tosee some factory closures and falling employment levels. Looking beyond 2010, prospects are brighter,however, particularly if the country's long-running civil war can be ended. A 'peace dividend' would bebeneficial for the textile and garments sector, and most likely lead to an inflow of new investment.Overall, we estimate that Sri Lankan textiles and clothing manufacturing value added, which expandedby an estimated 6.8% in 2007, slowed to 2.9% in 2008, and will have its worst year in 2009 withcontraction of 0.2%. Thereafter it will begin a recovery with predicted growth of 1.9% in 2010. In thefive years to 2008, BMI estimates that average annual growth of manufacturing value added was 5.4%,behind GDP at 6.5%. In the next five years, we see the pace of growth falling to an average of 4.9%,compared to an annual GDP expansion of 6.7%. BMI expects textile and clothing exports to fall by 5.1%in 2009 to US$3.22bn, with imports contracting by 10% to US$1.44bn. Export growth, which averaged5.0% in the five years to 2008, should push up to 7.6% in the five years to 2013.

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Sri Lanka Textiles and Clothing Report Q2 2009
Published on April 2009
Report Summary
Sri Lanka is a small-to-medium-sized international textiles and apparel producer, with competitive labour
costs and the ability to exploit a number of niche markets as a supplier to international clothing brands.
BMI ranks it at number 52 worldwide in terms of value added by the industry, which in 2008 we
estimated at US$1.77bn at current prices - equivalent to 4.3% of the country's GDP. The industry faces a
rough ride in the next two years because of the slump in international clothing demand, and we expect to
see some factory closures and falling employment levels. Looking beyond 2010, prospects are brighter,
however, particularly if the country's long-running civil war can be ended. A 'peace dividend' would be
beneficial for the textile and garments sector, and most likely lead to an inflow of new investment.
Overall, we estimate that Sri Lankan textiles and clothing manufacturing value added, which expanded
by an estimated 6.8% in 2007, slowed to 2.9% in 2008, and will have its worst year in 2009 with
contraction of 0.2%. Thereafter it will begin a recovery with predicted growth of 1.9% in 2010. In the
five years to 2008, BMI estimates that average annual growth of manufacturing value added was 5.4%,
behind GDP at 6.5%. In the next five years, we see the pace of growth falling to an average of 4.9%,
compared to an annual GDP expansion of 6.7%. BMI expects textile and clothing exports to fall by 5.1%
in 2009 to US$3.22bn, with imports contracting by 10% to US$1.44bn. Export growth, which averaged
5.0% in the five years to 2008, should push up to 7.6% in the five years to 2013.
Table of Content
Executive Summary ......5
SWOT Analysis....6
Sri Lanka's Textile SWOT. 6
Sri Lanka Apparel SWOT.. 6
Sri Lanka Political SWOT. 7
Sri Lanka Economic SWOT......... 7
Sri Lanka Business Environment SWOT ......... 8
Market Overview..9
Industry Trends And Developments ........10
General ....... 10
Textiles........ 10
Sri Lanka Industry Forecast Scenario......13
Textile And Clothing Market Outlook . 13
Textiles........ 13
Clothing ...... 13
Table: Textiles And Clothing Production And International Trade, 2006-2013 ........ 14
Long-Term Outlook ........ 15
Table: Textiles And Clothing Production And International Trade, Long-Term Forecasts . 15
Macroeconomic Outlook. 16
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Table: Sri Lanka ' Economic Activity, 2005-2013.. 18
Global Textiles And Clothing Market Overview 19
Background: International Trade In Textiles 20
Output And Key Trends... 21
Global Fibres Market Outlook .........24
Cotton ......... 24
Wool . 26
Table: Fibre Prices, 2007 And 2008... 27
Synthetic Fibres .... 27
Company Profiles........29
Inditex......... 29
Fast Retailing Co.. 30
The Gap ...... 31
Brandix Lanka ...... 32
Country Snapshot: Sri Lanka Demographic Data.......34
Section 1: Population...... 34
Table: Demographic Indicators, 2005-2030. 34
Table: Rural/Urban Breakdown, 2005-2030 35
Section 2: Education And Healthcare. 35
Table: Education, 2002-2005 ... 35
Table: Vital Statistics, 2005-2030....... 35
Section 3: Labour Market And Spending Power ..... 36
Table: Employment Indicators, 2001-2006... 36
Table: Consumer Expenditure, 2000-2012 (US$) ... 36
Table: Average Annual Wages, 2000-2012... 37
Global Assumptions ...38
Table: Global Assumptions, 2007-2013........ 38
Table: Developed States GDP Growth, 2008-2010 40
Table: Emerging Markets GDP Growth, 2008-2010 ........ 41
Methodology......42
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