Market Insights Consumer Apparel Women's Apparel

T-Shirts - Sri Lanka

Sri Lanka

The T-Shirts market in Sri Lanka is projected to generate a revenue of US$53.24m in 2024.
This market is anticipated to experience an annual growth rate of 1.72% (CAGR 2024-2029).
When compared globally, in the United States leads in terms of revenue generation, with US$10,780m in 2024.
In relation to the total population, the per person revenue in Sri Lanka is estimated to be US$2.42 in 2024.
Looking specifically at the volume of the T-Shirts market, it is expected to reach 22.2m pieces units by 2029.
However, there is a projected slight decline in volume growth of -2.2% in 2025.
On average, each person in Sri Lanka is expected to consume 1.1pieces T-Shirts market in 2024.
Sri Lanka's T-Shirt market is experiencing a surge in demand for ethically sourced and sustainable clothing.

Key regions: Philippines, Malaysia, United States, Singapore, India

Market

Region

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Currency

Methodology

Data coverage:

Data encompasses B2C enterprises. Figures are based on the consumer spending on clothing which comprises women, men, and children segments that are produced for private end customers for both offline retail (department stores, traditional specialist shops) and online retail (e-commerce, ordering by catalog).

Modeling approach / Market size:

Market sizes are determined by a combined Top-Down and Bottom-Up approach, based on a specific rationale for each market segment. As a basis for evaluating markets, we use resources from the Statista platform, national statistics, industry research, market data from independent databases and third-party sources, historical developments, current trends, reported performance indicators from the key market players, and Statista interviews with market experts. Next we use relevant key market indicators and data from country-specific associations such as GDP, consumer spending, consumer price index and population. This data helps us to estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, the exponential trend smoothing illustrates suited forecasting for the Apparel market with projected steady growth. The main drivers are GDP per capita and consumer spending per capita.

Additional Notes :

The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level.