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15-Year Apparel Export Growth: Vietnam vs Sri Lanka
Comparison of export value growth over a 15-year period.
Primary Sources
To reach US$8 billion, Sri Lanka apparel must grow differently
By Felix Fernando, Chairman, Joint Apparel Association Forum (JAAF) Sri Lanka’s apparel industry has earned its place in the global market through consistency, trust, and a strong reputation for ethical manufacturing. Over many years, we have shown that Sri Lanka can deliver quality, compliance, and reliability at a level that global brands value. That foundation remains one of our greatest strengths. But the next chapter for this industry cannot be built on reputation alone. It has to be built on growth that is measurable, broader in base, and more resilient in the face of global change. As Chairman of the Joint Apparel Association Forum, I believe the task before us is clear: Sri Lanka must move with greater purpose toward the long-discussed ambition of becoming a US$8 billion apparel export industry. That ambition is important because it gives the industry a shared direction. But it must now be treated as more than a headline target. It must become a practical national agenda. Sri Lanka Apparel’s published export data show that textile and apparel exports for 2025 amounted to just over US$5.0 billion. That is a meaningful achievement, particularly in a demanding global environment, but it also shows that there is still a substantial gap between current performance and where we say we want to go. Closing that gap will require more than incremental improvement. It will require sharper execution, stronger coordination, and a more deliberate growth model. One of the most important realities we must confront is market concentration. Our industry has traditionally depended heavily on the US, EU, and UK, and together these destinations account for about 85 percent of Sri Lanka’s apparel exports. That concentration has served us well in some respects, because these are mature and valuable markets where Sri Lanka has built long-standing relationships. But concentration at that level also creates vulnerability. When consumer demand weakens, tariffs shift, compliance expectations tighten, or brands change sourcing patterns in those markets, the effects are felt across our entire industry. This is why diversification must now move to the centre of our export strategy. If Sri Lanka is serious about reaching US$8 billion, we cannot rely on the same market mix and expect a fundamentally different outcome. We need to build stronger export pathways into newer regions and expand our relevance in markets that have not yet been fully developed. ASEAN, the Middle East, Afri...
Vietnam Clothing Market Size, Share & Growth 2035 | CAGR 4.3%
Add 2 More Reports For 20% off Vietnam Clothing Industry Overview Market Size Request Sample Table Of Contents The Vietnam Clothing Market reached a value of USD 5.26 Billion at 2025 and is projected to expand at a CAGR of around 12.80% during the forecast period of 2026-2035. With accelerating nearshoring investment by global fashion brands, a rapidly digitalising retail landscape, a growing domestic consumer base driven by middle-class expansion, and rising demand for premium and sustainable apparel, the market is expected to reach USD 17.54 Billion by 2035. Key Market Trends and Insights The Southeast region, anchored by Ho Chi Minh City, is expected to record the highest CAGR over the forecast period, driven by its dense garment manufacturing base, port infrastructure, and role as the primary hub for global apparel sourcing in Vietnam. The Casual Wear category is expected to exhibit a robust CAGR over the forecast period, underpinned by shifting lifestyle preferences, remote working culture, youth fashion trends, and Vietnam's position as a leading global production hub for everyday apparel brands. The Premium and Luxury segment is anticipated to register a CAGR of 14.4% during the forecast period, supported by Vietnam's expanding high-income urban population, a surge in aspirational spending, and increased entry of global luxury fashion houses into key Vietnamese cities. Market Size & Forecast Market Size in 2025: USD 5.26 Billion Projected Market Size in 2035: USD 17.54 Billion Compound Annual Growth Rate (CAGR) of 2026 to 2035: 12.80% 2025Base Year 2019-2025Historical Period 2026-2035Forecast Period Read more about this report - REQUEST FREE SAMPLE COPY IN PDF Vietnam Clothing Market Report Summary Description Value Base Year USD Billion 2025 Historical Period USD Billion 2019-2025 Forecast Period USD Billion 2026-2035 Market Size 2025 USD Billion 5.26 Market Size 2035 USD Billion 17.54 CAGR 2019-2025 Percentage XX% CAGR 2026-2035 Percentage 12.80% CAGR 2026-2035 - Market by Region Southeast 14.5% CAGR 2026-2035 - Market by Region Red River Delta 13.7% CAGR 2026-2035 - Market by Price Range Premium and Luxury 14.4% CAGR 2026-2035 - Market by End Use Women 13.6% 2025 Market Share by Region Southeast 29.1% Key Trends and Recent Developments Vietnam Clothing Industry Segmentation CAGR 2026-2035 - Market by Region Southeast 14.5% Red River Delta 13.7% Mekong River Delta XX% South Central Coa...
Top Vietnamese leader's visit to Sri Lanka to tap trade potential
Speaking at a recent Vietnam-Sri Lanka business forum, Deputy Minister of Industry and Trade Phan Thi Thang noted that Vietnam stands ready to support Sri Lankan enterprises through trade promotion events, exhibitions, market surveys and business-to-business matchmaking held by the ministry and Vietnam's representative offices in Sri Lanka.
Top Vietnamese leader's visit to Sri Lanka to tap trade potential
According to the Vietnamese Ministry of Industry and Trade (MoIT), Sri Lanka is Vietnam's fourth-largest trade partner in South Asia after India, Bangladesh, and Pakistan. In recent years ...
