Sri Lanka's fabric imports from India jump 50%; Chinese supply stable

Sri Lanka’s fabric imports from India increased to $565.848 million in 2021 from $374.214 million in 2017, according to Fibre2Fashion’s market insight tool TexPro. 

The inbound shipment had amounted to $426.046 million in 2018 and $485.160 million in 2019, before declining to $410.881 million in 2020 due to the pandemic. However, it bounced back to $565.848 million in 2021. Sri Lanka imported fabric worth $556.921 million during January-November 2022. The total imports for 2022 are likely to surpass the shipment of 2021. 

Fabric imports from China to Sri Lanka were recorded at $888.772 million in 2017 which inched up to $897.101 million in 2021. The shipment increased by just 1 per cent in four years. The imports amounted to $892.740 million in 2018 and $944.202 million in 2019. It came down to $720.823 million in 2020 but increased to $897.101 million in 2021. Sri Lanka imported fabric worth $829.451 million in the first eleven months of 2022, as per data obtained from TexPro. 

Sri Lanka’s fabric imports totalled $2.141 billion in the first eleven months of 2022. China and India were the top suppliers with total contribution of more than 64 per cent. The imports from China grabbed a share of 38.73 per cent, while India’s share was 26.01 per cent of the total.

ALCHEMPro News Desk (KUL)