The Knitted or Crocheted Pile Fabric Market in Sri Lanka reached a value of 104.8 million USD in 2023. Over the past decade, the market has experienced fluctuations, notably from 2016 when it began a consistent upward trend. This upward trajectory was driven by a notable surge of 35.2% in 2016, followed by continuous growth reflected in year-on-year increases. Over the last two years (2022-2023), growth has slightly decelerated to under 4%. The compound annual growth rate (CAGR) over the last five years stood at 4.14%, indicating moderate expansion.
Looking ahead, future trends to watch for include increased demand for sustainable materials, advancements in textile manufacturing technology, and shifts in export and domestic market strategies which may continue to influence market dynamics. Maintaining this growth will require close attention to industry innovations and consumer preference shifts.
| # | 19 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Brazil | 1,021,400,000 | 2023 | +4.22% | +3.63% | View data |
| 2 | 2 Colombia | 266,760,000 | 2023 | +4.01% | +4% | View data |
| 3 | 3 Spain | 144,580,000 | 2023 | +1.22% | -1.03% | View data |
| 4 | 4 Germany | 117,890,000 | 2023 | -6.44% | -5.29% | View data |
| 5 | 5 United Kingdom | 117,420,000 | 2023 | -1.49% | +0.34% | View data |
| 6 | 6 Sri Lanka | 104,800,000 | 2023 | +3.84% | +4.14% | |
| 7 | 7 Japan | 96,426,000 | 2023 | -3.27% | -2.81% | View data |
| 8 | 8 France | 90,097,000 | 2023 | -5.08% | -2.25% | View data |
