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Whither Exports in the next 5 years – SLAEA perspective

Whither Exports in the next 5 years – SLAEA perspective. Current status of the sector. Apparel and textile currently about 40% of the C ountry’s exports. Direct employment 300,000, indirect estimated at 600,000 2013 exports likely to be marginally above those of 2012 which were $3.8 billion

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Whither Exports in the next 5 years – SLAEA perspective

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  1. Whither Exports in the next 5 years – SLAEA perspective

  2. Current status of the sector. • Apparel and textile currently about 40% of the Country’s exports. • Direct employment 300,000, indirect estimated at 600,000 • 2013 exports likely to be marginally above those of 2012 which were $3.8 billion • Exports still heavily concentrated in the USA and EU – nearly 85% of all exports go to these markets. • Foot hold in these markets is however strong, we have a solid buyer base across a number of major brands in those markets. • Primary products tend to be Sportswear, Casualwear, Intimate apparel and Childrenswear.

  3. 5 positives for growth. • Hub or Freeport concept – potential to develop new business models. • FTA’s with China, Russia and Japan, and further liberalization of the Indian agreement. • Image of Sri Lanka Apparel. • Infrastructure in the North and the East to overcome some of the practical difficulties of relocation. • Offering higher value product to the customer, through innovation and product development.

  4. 5 possible constraints • Lack of growth in our primary markets means we can only grow at the expense of a competitor. • Increased local costs of operation, particularly energy costs. • Inflexibility of labour regulations and the difficulties of trying to get these changed. • Rising values of land in the metropolitan areas, coupled with shortage of labour in these areas means that any new investment will need to be in more remote locations.

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