Sri Lanka - Canned Meat - Market Analysis, Forecast, Size, Trends And Insights
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View PricingCanned Meat Price in Sri Lanka - 2021
Contents:
- Canned Meat Price in Sri Lanka (FOB) - 2022
- Canned Meat Price in Sri Lanka (CIF) - 2022
- Canned Meat Exports in Sri Lanka
- Canned Meat Imports in Sri Lanka
Canned Meat Price in Sri Lanka (FOB) - 2022
The average canned meat export price stood at $7,983 per ton in 2022, increasing by 43% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($9,434 per ton), while the average price for exports to India ($7,733 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+3.5%), while the prices for the other major destinations experienced mixed trend patterns.
Canned Meat Price in Sri Lanka (CIF) - 2022
In 2022, the average canned meat import price amounted to $5,112 per ton, dropping by -32.5% against the previous year. Overall, import price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, canned meat import price increased by +41.0% against 2013 indices. The growth pace was the most rapid in 2021 when the average import price increased by 66% against the previous year. As a result, import price attained the peak level of $7,576 per ton, and then dropped significantly in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Singapore ($15,633 per ton), while the price for China ($1,234 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+32.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Canned Meat Exports in Sri Lanka
In 2022, approx. 228 tons of canned meat were exported from Sri Lanka; reducing by -10.2% on 2021. Overall, total exports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +9.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +54.0% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 71%. As a result, the exports attained the peak of 254 tons, and then reduced in the following year.
In value terms, canned meat exports soared to $1.8M in 2022. In general, total exports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +11.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +75.8% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 37% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to see gradual growth in years to come.
| Export of Canned Meat in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 833 | 630 | 687 | 1,167 | 11.9% |
| Maldives | 402 | 276 | 420 | 447 | 3.6% |
| Japan | 67.4 | 117 | 298 | 204 | 44.7% |
| Others | 7.2 | 10.5 | 9.2 | 0.7 | -54.0% |
| Total | 1,310 | 1,034 | 1,414 | 1,818 | 11.5% |
Top Export Markets for Canned Meat from Sri Lanka in 2022:
- India (150.9 tons)
- Maldives (55.1 tons)
- Japan (21.6 tons)
Canned Meat Imports in Sri Lanka
In 2022, approx. 108 tons of canned meat were imported into Sri Lanka; shrinking by -15.9% compared with 2021. Over the period under review, imports saw a abrupt downturn. The smallest decline of -8.8% was in 2021.
In value terms, canned meat imports declined rapidly to $553K in 2022. In general, imports continue to indicate a abrupt contraction. The growth pace was the most rapid in 2021 when imports increased by 51%. As a result, imports attained the peak of $975K, and then declined notably in the following year.
| Import of Canned Meat in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 285 | 229 | 334 | 309 | 2.7% |
| United States | 120 | 127 | 34.6 | 110 | -2.9% |
| Australia | 215 | 96.8 | 66.1 | 78.3 | -28.6% |
| Brazil | 2.7 | 3.8 | 6.8 | 46.7 | 158.6% |
| Singapore | 46.8 | 9.3 | 11.7 | 7.5 | -45.7% |
| Spain | 11.1 | 66.7 | 9.2 | N/A | -9.0% |
| Saudi Arabia | N/A | 52.8 | 250 | N/A | 373.5% |
| Others | 71.6 | 58.9 | 262 | 1.9 | -70.2% |
| Total | 751 | 644 | 975 | 553 | -9.7% |
Top Suppliers of Canned Meat to Sri Lanka in 2022:
- Malaysia (56.3 tons)
- Australia (26.6 tons)
- United States (18.0 tons)
- Brazil (5.5 tons)
- Singapore (0.5 tons)
This report provides an in-depth analysis of the canned meat market in Sri Lanka. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 10861010 - Homogenised preparations of meat, meat offal or blood (excluding sausages and similar products of meat, food preparations based on these products)
- Prodcom 10131505 - Prepared or preserved goose or duck liver (excluding sausages and prepared meals and dishes)
- Prodcom 10131515 - Prepared or preserved liver of other animals (excluding sausages and prepared meals and dishes)
- Prodcom 10131525 - Prepared or preserved meat or offal of turkeys (excluding sausages, preparations of liver and prepared meals and dishes)
- Prodcom 10131535 - Other prepared or preserved poultry meat (excluding sausages, preparations of liver and prepared meals and dishes)
- Prodcom 10131545 - Prepared or preserved meat of swine: hams and cuts thereof (excluding prepared meals and dishes)
- Prodcom 10131555 - Prepared or preserved meat of swine: shoulders and cuts thereof, of swine (excluding prepared meals and dishes)
- Prodcom 10131565 - Prepared or preserved meat, offal and mixtures of domestic swine, including mixtures, containing < .40 % meat or offal of any kind and fats of any kind (excluding sausages and similar products, homogenised preparations, preparations of liver and prepared meals and dishes)
- Prodcom 10131575 - Other prepared or preserved meat, offal and mixtures of
- Prodcom 10131585 - Prepared or preserved meat or offal of bovine animals (excluding sausages and similar products, homogenised preparations, preparations of liver and prepared meals and dishes)
- Prodcom 10131595 - Other prepared or preserved meat or offal, including blood
Country coverage:
- Sri Lanka
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Sri Lanka
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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