Sri Lanka - Frozen Fish Meat - Market Analysis, Forecast, Size, Trends and Insights
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View PricingFrozen Fish Meat Price in Sri Lanka - 2021
Contents:
- Frozen Fish Meat Price in Sri Lanka (FOB) - 2022
- Frozen Fish Meat Price in Sri Lanka (CIF) - 2022
- Frozen Fish Meat Exports in Sri Lanka
- Frozen Fish Meat Imports in Sri Lanka
Frozen Fish Meat Price in Sri Lanka (FOB) - 2022
The average frozen fish meat export price stood at $6,626 per ton in 2022, increasing by 59% against the previous year. Over the period under review, export price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, frozen fish meat export price increased by +59.9% against 2020 indices. Over the period under review, the average export prices reached the peak figure at $6,658 per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Australia ($11,574 per ton), while the average price for exports to Vietnam ($2,039 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 Australia (+15.8%), while the prices for the other major destinations experienced more modest paces of growth.
Frozen Fish Meat Price in Sri Lanka (CIF) - 2022
In 2022, the average frozen fish meat import price amounted to $5,414 per ton, with an increase of 43% against the previous year. Over the period under review, import price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 when the average import price increased by 49%. The import price peaked at $6,185 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Maldives ($5,808 per ton), while the price for Vietnam ($1,357 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+3.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Frozen Fish Meat Exports in Sri Lanka
In 2022, shipments abroad of frozen fish meat decreased by -3.7% to 962 tons, falling for the second year in a row after two years of growth. The total export volume increased at an average annual rate of +6.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 when exports increased by 37% against the previous year. As a result, the exports reached the peak of 1.1K tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, frozen fish meat exports soared to $6.4M in 2022. Overall, total exports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +15.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +54.1% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Frozen Fish Meat in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 6.9 | 118 | 839 | 3,179 | 672.3% |
| Italy | 622 | 986 | 323 | 1,025 | 18.1% |
| United States | 666 | 329 | 176 | 812 | 6.8% |
| France | 671 | 237 | 354 | 526 | -7.8% |
| Vietnam | 333 | 1,003 | 566 | 517 | 15.8% |
| Philippines | 246 | 75.2 | 131 | 78.3 | -31.7% |
| South Korea | 1.1 | 0.9 | 0.7 | 63.9 | 287.3% |
| Taiwan (Chinese) | 69.7 | 51.1 | 35.5 | 26.9 | -27.2% |
| Belgium | 229 | 237 | 252 | N/A | 4.9% |
| Singapore | 99.6 | 131 | 22.0 | N/A | -53.0% |
| Israel | 411 | 370 | 331 | N/A | -10.3% |
| Others | 780 | 968 | 1,141 | 148 | -42.5% |
| Total | 4,137 | 4,505 | 4,171 | 6,375 | 15.5% |
Top Export Markets for Frozen Fish Meat from Sri Lanka in 2022:
- Australia (274.7 tons)
- Vietnam (253.5 tons)
- Italy (125.8 tons)
- United States (121.0 tons)
- France (79.5 tons)
- Philippines (36.7 tons)
- South Korea (27.1 tons)
- Taiwan (Chinese) (9.1 tons)
Frozen Fish Meat Imports in Sri Lanka
In 2022, purchases abroad of frozen fish meat decreased by -0.2% to 115 tons, falling for the second consecutive year after two years of growth. Overall, imports, however, recorded a prominent expansion. The growth pace was the most rapid in 2020 with an increase of 104% against the previous year. As a result, imports attained the peak of 178 tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, frozen fish meat imports surged to $623K in 2022. In general, imports, however, enjoyed a strong expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 159%. As a result, imports attained the peak of $955K. From 2021 to 2022, the growth of imports remained at a lower figure.
| Import of Frozen Fish Meat in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Maldives | 21.7 | 323 | 184 | 609 | 203.9% |
| Vietnam | 15.6 | 74.3 | 26.5 | 13.1 | -5.7% |
| China | 120 | 54.5 | 18.6 | 0.7 | -82.0% |
| Norway | 115 | 255 | 124 | N/A | 3.8% |
| India | 20.3 | 77.8 | 28.0 | N/A | 17.4% |
| Indonesia | 12.2 | 36.2 | 10.1 | N/A | -9.0% |
| Panama | 8.0 | 24.7 | 7.1 | N/A | -5.8% |
| United Arab Emirates | 25.1 | N/A | N/A | N/A | 0% |
| Taiwan (Chinese) | 26.8 | 95.3 | 31.8 | N/A | 8.9% |
| Others | 4.3 | 15.1 | 6.3 | N/A | 21.0% |
| Total | 369 | 955 | 437 | 623 | 19.1% |
Top Suppliers of Frozen Fish Meat to Sri Lanka in 2022:
- Maldives (104.9 tons)
- Vietnam (9.7 tons)
- China (0.5 tons)
This report provides an in-depth analysis of the frozen fish 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 10201500 - Frozen fish meat without bones (excluding fillets)
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
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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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