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Textile Outlook International
Issue 214:
July 2022

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Reports in this issue
(260 pages)
Editorial: Sri Lanka's apparel industry—a silver lining in a dark cloud? (6 pages)
World textile and apparel trade and production trends: South Asia, July 2022 (28 pages)
Survey of the European fabric fairs for spring/summer 2023 (24 pages)
Prospects for the textile and clothing industry in Sri Lanka, 2022 (49 pages)
Home textiles update, July 2022 (29 pages)
Trends in EU textile and clothing imports, 2022 (68 pages)

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Editorial: Sri Lanka's apparel industry—a silver lining in a dark cloud?

Buy 'Editorial: Sri Lanka's apparel industry—a silver lining in a dark cloud?' now 6 pages, published in Issue 214, July 2022  
Report price: Euro 305.00; US$ 400.00  

Sri Lanka is in crisis. The economy is in dire straits, inflation has soared and there are severe shortages of basic goods such as fuel and food. On July 13, 2022, it was reported that the then president of Sri Lanka, Gotabaya Rajapaksa, had fled the country following angry protests in the streets of Colombo and he later resigned. Ranil Wickremesinghe, the then prime minister, was quickly appointed as acting president and on July 20, 2022, he was elected president by the Sri Lankan parliament. Against this background of descent into economic and political chaos, the apparel industry appears to be one of only a few silver linings. Apparel exports in June 2022 shot up to a record monthly high compared with the corresponding month a year earlier. Furthermore, the value of apparel exports during January-June 2022 was significantly higher than in the corresponding period a year earlier, and the secretary general of the Joint Apparel Association Forum (JAAF), Yohan Lawrence, appears to remain broadly optimistic about the apparel industry's future. The Board of Investment of Sri Lanka (BOI) has signed agreements worth US$76 mn relating to new investments and expansions in the textile and clothing industry for 2022, and a number of investors are reported to be looking at opportunities for investment in backward vertical integration—including raw material production. Backward vertical integration would enable the clothing industry to make greater use of preferential tariff concessions. Also, it would help to reduce the clothing industry's reliance on imports for its textile inputs and help to alleviate issues relating to the affordability of imported textile inputs following a plunge in the value of the Sri Lankan rupee. Furthermore, it would provide opportunities for the clothing industry to offer its customers shorter lead times. Much, however, will depend on the success of negotiations with the International Monetary Fund (IMF) regarding a programme for macrostabilisation.

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Six times a year, Textile Outlook International provides up to 200 pages of intelligence, expert analysis and insight on the global textile and clothing industry.
What's in it?

Each issue provides an authoritative source of information on key industry topics, including: circularity; cotton; environmental sustainability; fibre prices; innovation; production and consumption forecasts; imports and exports; industry giants and emerging brands; international trade fairs; key geographical markets; recommerce; retail; supply chains; textile and clothing trade; textile machinery; trade and production trends; world markets; and yarn and fabric manufacturing.

A single issue of Textile Outlook International includes:

    an editorial think-piece on a topical issue from an industry expert

    a report on textile and apparel trade and production trends

    a round-up of the latest international trade fairs

    a feature on textile and clothing imports and exports or fibre prices, production and consumption

    a report on a key geographical market

    insight and analysis of a key market leader or fast-growing start-up

An annual subscription to Textile Outlook International is a cost-effective way to keep informed about trends and developments in the global textile and clothing industry.

Subscriptions are available in printed and/or digital formats. Printed and digital subscribers receive each issue in printed format in addition to a digital PDF file, which is available immediately on publication.

Like all Textiles Intelligence publications, Textile Outlook International is a reliable source of independently sourced business information, and it does not carry advertising.

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