Home breadcru News breadcru Trade breadcru  | US demand weakens, pulls down Sri Lanka's shirt export prices

Prime Content | 
US demand weakens, pulls down Sri Lanka's shirt export prices

26 Oct '24
2 min read
US demand weakens, pulls down Sri Lanka's shirt export prices
US demand weakens, pulls down Sri Lanka's shirt export prices

Insights

  • Sri Lanka's shirt exports to the US have seen a consistent drop in average unit prices, declining by ***** per cent to $***** in early 2024 from $***** in 2022.
  • Export volumes and values also fell, impacted by weaker demand from US brands.
  • Export values decreased ***** per cent from 2022 to 2023, marking a significant challenge for Sri Lankan exporters amid fluctuating global market conditions.

Sri Lanka exported **.*** million units of shirts to the US in the first eight months of this year, as per Fibre2Fashion&#**;s market insight tool TexPro.

The average price fell by **.** per cent to $*.** in **** compared to the average price in ****, which was $*.** per unit. This decrease highlights challenges for Sri Lankan exporters amid reduced demand from US brands and retailers. The price had previously decreased by *.** per cent in ****, down from $**.** per unit in ****.

Get Free Weekly Market Insights Newsletter

Receive daily prices and market insights straight to your inbox. Subscribe to AlchemPro Weekly!