The hosiery made of cotton market in Sri Lanka has experienced a consistent downward trend in market size value from 2013 to 2023, where it stood at 14.044 million US dollars. Year-on-year decline has been moderate, with a more stable pace of decrease over the last two years, both marked by a contraction of 1.63%. Notably, the compounded annual growth rate over the past five years is around -1.64%, indicating a steady decline.

Future trends to consider include:

Potential recovery driven by increased demand for eco-friendly and sustainable fashion products.
Influence of global cotton price fluctuations on market value.
Impact of digital retail channels boosting market accessibility.
Economic factors in Sri Lanka, including changes in disposable income and consumer preferences.