Sri Lanka - Meat - Market Analysis, Forecast, Size, Trends and Insights
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View PricingMeat Price in Sri Lanka - 2021
Contents:
- Meat Price in Sri Lanka (CIF) - 2022
- Meat Price in Sri Lanka (FOB) - 2022
- Meat Imports in Sri Lanka
- Meat Exports in Sri Lanka
Meat Price in Sri Lanka (CIF) - 2022
In 2022, the average meat import price amounted to $4,215 per ton, declining by -2.8% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average import price increased by 14% against the previous year. Over the period under review, average import prices reached the peak figure at $5,659 per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Australia ($5,155 per ton), while the price for Romania ($1,328 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+3.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Meat Price in Sri Lanka (FOB) - 2022
The average meat export price stood at $7,030 per ton in 2022, dropping by -7.6% against the previous year. Overall, export price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, meat export price increased by +23.9% against 2019 indices. The pace of growth appeared the most rapid in 2016 an increase of 41% against the previous year. The export price peaked at $7,604 per ton in 2021, and then declined in the following year.
As there is only one major export destination, the average price level is determined by prices for Maldives.
From 2012 to 2022, the rate of growth in terms of prices for Seychelles amounted to +49.5% per year.
Meat Imports in Sri Lanka
In 2022, the amount of meat imported into Sri Lanka shrank rapidly to 1.2K tons, dropping by -27.8% on the year before. Over the period under review, imports continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2021 when imports increased by 12%.
In value terms, meat imports fell remarkably to $5.1M in 2022. Overall, imports showed a abrupt contraction. The most prominent rate of growth was recorded in 2021 with an increase of 21%.
| Import of Meat in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 4,801 | 2,393 | 3,406 | 2,710 | -17.4% |
| Spain | 485 | 843 | 1,433 | 990 | 26.9% |
| Brazil | 394 | 136 | 152 | 645 | 17.9% |
| United Arab Emirates | 104 | 127 | 52.9 | 554 | 74.6% |
| Romania | 29.4 | 39.1 | 110 | 63.8 | 29.5% |
| Singapore | 525 | 246 | 171 | 30.0 | -61.5% |
| Italy | 657 | 530 | 487 | 28.9 | -64.7% |
| Others | 2,134 | 1,713 | 1,453 | 78.7 | -66.7% |
| Total | 9,130 | 6,027 | 7,265 | 5,100 | -17.6% |
Top Suppliers of Meat to Sri Lanka in 2022:
- Australia (525.7 tons)
- Spain (324.8 tons)
- Brazil (160.5 tons)
- United Arab Emirates (123.0 tons)
- Romania (48.0 tons)
- Singapore (6.4 tons)
- Italy (5.3 tons)
Meat Exports in Sri Lanka
In 2022, approx. 112 tons of meat were exported from Sri Lanka; surging by 15% on 2021. Over the period under review, exports, however, recorded a pronounced setback.
In value terms, meat exports expanded rapidly to $785K in 2022. The total export value increased at an average annual rate of +2.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 41%. The exports peaked in 2022 and are likely to continue growth in the immediate term.
| Export of Meat in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Maldives | 713 | 481 | 680 | 784 | 3.2% |
| Others | 20.5 | 42.7 | 60.6 | 0.7 | -67.6% |
| Total | 734 | 524 | 740 | 785 | 2.3% |
Top Export Markets for Meat from Sri Lanka in 2022:
- Maldives (111.5 tons)
This report provides an in-depth analysis of the 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:
- FCL 1108 - Meat of asses
- FCL 947 - Buffalo meat
- FCL 1127 - Meat of camels
- FCL 867 - Meat of cattle
- FCL 870 - Meat of cattle, boneless
- FCL 1017 - Goat meat
- FCL 1097 - Horse meat
- FCL 1111 - Meat of mules
- FCL 1158 - Meat of other domestic camelids
- FCL 1151 - Meat of other domestic rodents
- FCL 1035 - Pig meat
- FCL 1141 - Rabbit meat
- FCL 977 - Meat of sheep
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
- COUNTRIES WITH TOP YIELDS
- 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, PRODUCING ANIMALS AND YIELD
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
- Yield 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
- Producing Animals Slaughtered, 2012–2023
- Yield, 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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