Sri Lanka - Men's Or Boys' Clothing (Knitted Or Crocheted) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingMen Knitwear Price in Sri Lanka - 2021
Contents:
- Men Knitwear Price in Sri Lanka (FOB) - 2022
- Men Knitwear Price in Sri Lanka (CIF) - 2022
- Men Knitwear Exports in Sri Lanka
- Men Knitwear Imports in Sri Lanka
Men Knitwear Price in Sri Lanka (FOB) - 2022
The average men knitwear export price stood at $7.8 per unit in 2022, growing by 6.1% against the previous year. In general, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average export price increased by 20%. As a result, the export price attained the peak level of $8.4 per unit. From 2019 to 2022, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($12 per unit), while the average price for exports to France ($5.1 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 Belgium (+5.8%), while the prices for the other major destinations experienced more modest paces of growth.
Men Knitwear Price in Sri Lanka (CIF) - 2022
The average men knitwear import price stood at $4.6 per unit in 2022, reducing by -20.4% against the previous year. In general, the import price showed a perceptible slump. The most prominent rate of growth was recorded in 2018 when the average import price increased by 138% against the previous year. As a result, import price reached the peak level of $11 per unit. From 2019 to 2022, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($13 per unit), while the price for Indonesia ($0.6 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Men Knitwear Exports in Sri Lanka
In 2022, approx. 24M units of men's or boys' clothing (knitted or crocheted) were exported from Sri Lanka; picking up by 13% on the previous year. Over the period under review, total exports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +9.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +57.5% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 39%. Over the period under review, the exports reached the peak figure in 2022 and are likely to see gradual growth in the near future.
In value terms, men knitwear exports surged to $191M in 2022. Overall, total exports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +15.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +72.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 44% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.
Export of Men Knitwear in Sri Lanka (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 63.0 | 37.4 | 67.0 | 68.9 | 3.0% |
United Kingdom | 11.4 | 16.2 | 25.3 | 26.6 | 32.6% |
Belgium | 11.6 | 6.4 | 7.2 | 19.1 | 18.1% |
Netherlands | 11.3 | 11.8 | 18.2 | 15.8 | 11.8% |
Canada | 2.4 | 1.8 | 2.3 | 14.0 | 80.0% |
Germany | 1.7 | 1.4 | 5.5 | 7.7 | 65.5% |
France | 1.0 | 4.2 | 3.6 | 6.3 | 84.7% |
Italy | 2.7 | 1.3 | 4.6 | 3.2 | 5.8% |
China | 2.4 | 2.5 | 1.9 | 3.1 | 8.9% |
United Arab Emirates | 2.7 | 3.7 | 5.2 | 2.1 | -8.0% |
Others | 13.3 | 23.9 | 18.7 | 24.4 | 22.4% |
Total | 123 | 111 | 159 | 191 | 15.8% |
Top Export Markets for Men Knitwear from Sri Lanka in 2022:
- United States (7.9M units)
- United Kingdom (5.1M units)
- Belgium (2.2M units)
- Canada (1.6M units)
- Netherlands (1.4M units)
- France (1.2M units)
- Germany (0.7M units)
- Italy (0.4M units)
- China (0.3M units)
- United Arab Emirates (0.2M units)
Men Knitwear Imports in Sri Lanka
In 2022, overseas purchases of men's or boys' clothing (knitted or crocheted) decreased by -21% to 620K units for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +3.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 38% against the previous year. As a result, imports reached the peak of 786K units, and then declined notably in the following year.
In value terms, men knitwear imports dropped rapidly to $2.9M in 2022. In general, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 91% against the previous year. As a result, imports reached the peak of $4.5M, and then shrank dramatically in the following year.
Import of Men Knitwear in Sri Lanka (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
India | 546 | 401 | 581 | 1,052 | 24.4% |
Bangladesh | 8.5 | 5.2 | 1,677 | 826 | 359.7% |
Pakistan | 1,623 | 1,476 | 1,613 | 659 | -26.0% |
China | 340 | 154 | 303 | 181 | -19.0% |
Others | 304 | 337 | 360 | 133 | -24.1% |
Total | 2,822 | 2,374 | 4,534 | 2,850 | 0.3% |
Top Suppliers of Men Knitwear to Sri Lanka in 2022:
- India (296.0K units)
- Bangladesh (154.7K units)
- Pakistan (117.6K units)
- China (34.6K units)
This report provides an in-depth analysis of the men knitwear market in Sri Lanka. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 14131110 - Men
- Prodcom 14131120 - Men
- Prodcom 14131230 - Men
- Prodcom 14131260 - Men
- Prodcom 14131270 - Men
Country coverage:
- Sri Lanka
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Sri Lanka
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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