Sri Lanka - Frozen Lobster - Market Analysis, Forecast, Size, Trends And Insights
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View PricingFrozen Lobster Price in Sri Lanka - 2021
Contents:
- Frozen Lobster Price in Sri Lanka (FOB) - 2022
- Frozen Lobster Price in Sri Lanka (CIF) - 2022
- Frozen Lobster Exports in Sri Lanka
- Frozen Lobster Imports in Sri Lanka
Frozen Lobster Price in Sri Lanka (FOB) - 2022
In 2022, the average frozen lobster export price amounted to $8,485 per ton, shrinking by -33.3% against the previous year. In general, the export price saw a abrupt setback. The pace of growth appeared the most rapid in 2016 when the average export price increased by 50%. As a result, the export price reached the peak level of $18,923 per ton. From 2017 to 2022, the average export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was China ($12,246 per ton), while the average price for exports to Maldives ($7,687 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 the United States (+4.7%), while the prices for the other major destinations experienced mixed trend patterns.
Frozen Lobster Price in Sri Lanka (CIF) - 2022
The average frozen lobster import price stood at $197,463 per ton in 2022, almost unchanged from the previous year. In general, the import price, however, saw a significant increase. The pace of growth was the most pronounced in 2020 an increase of 229% against the previous year. As a result, import price reached the peak level of $239,871 per ton. From 2021 to 2022, the average import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Singapore ($293,663 per ton), while the price for the United Arab Emirates amounted to $25,104 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+20.0%).
Frozen Lobster Exports in Sri Lanka
In 2022, exports of frozen lobster from Sri Lanka contracted significantly to 15 tons, which is down by -61.1% compared with the previous year. Over the period under review, exports recorded a dramatic decrease. The most prominent rate of growth was recorded in 2021 when exports increased by 149%. As a result, the exports reached the peak of 40 tons, and then contracted significantly in the following year.
In value terms, frozen lobster exports declined markedly to $130K in 2022. In general, exports continue to indicate a dramatic slump. The pace of growth appeared the most rapid in 2021 when exports increased by 119%. As a result, the exports attained the peak of $503K, and then shrank remarkably in the following year.
| Export of Frozen Lobster in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Maldives | 231 | 94.6 | 261 | 86.5 | -27.9% |
| Taiwan (Chinese) | 5.5 | 9.8 | 19.2 | 29.7 | 75.4% |
| China | 45.8 | 66.2 | 104 | 11.4 | -37.1% |
| Singapore | 4.1 | 1.7 | 3.3 | 2.8 | -11.9% |
| United Kingdom | 1.0 | 1.2 | 1.7 | N/A | 30.4% |
| United States | 26.8 | 37.8 | 58.3 | N/A | 47.5% |
| Others | 20.4 | 18.7 | 55.5 | N/A | 64.9% |
| Total | 334 | 230 | 503 | 130 | -27.0% |
Top Export Markets for Frozen Lobster from Sri Lanka in 2022:
- Maldives (11.2 tons)
- Taiwan (Chinese) (2.9 tons)
- China (0.9 tons)
- Singapore (0.3 tons)
Frozen Lobster Imports in Sri Lanka
In 2022, supplies from abroad of frozen lobster was finally on the rise to reach 134 kg for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, showed a precipitous slump.
In value terms, frozen lobster imports surged to $26K in 2022. Over the period under review, imports, however, saw a deep contraction.
| Import of Frozen Lobster in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 42.7 | 1.5 | 18.9 | 25.3 | -16.0% |
| United Arab Emirates | 0.8 | N/A | 0.7 | 1.2 | 14.5% |
| Tanzania | N/A | 31.8 | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 43.5 | 33.3 | 19.6 | 26.5 | -15.2% |
Top Suppliers of Frozen Lobster to Sri Lanka in 2022:
- Singapore (86.0 kg)
- United Arab Emirates (48.0 kg)
This report provides an in-depth analysis of the frozen lobster 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:
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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