Preserved Sauerkraut Price in Sri Lanka - 2021
Contents:
- Preserved Sauerkraut Price in Sri Lanka (FOB) - 2022
- Preserved Sauerkraut Price in Sri Lanka (CIF) - 2022
- Preserved Sauerkraut Exports in Sri Lanka
- Preserved Sauerkraut Imports in Sri Lanka
Preserved Sauerkraut Price in Sri Lanka (FOB) - 2022
In 2022, the average preserved sauerkraut export price amounted to $4,544 per ton, rising by 17% against the previous year. In general, the export price continues to indicate buoyant growth. The pace of growth appeared the most rapid in 2013 when the average export price increased by 57% against the previous year. The export price peaked in 2022 and is likely to continue growth in years to come.
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 the Netherlands ($13,873 per ton), while the average price for exports to the UK ($1,522 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 Arab Emirates (+14.5%), while the prices for the other major destinations experienced more modest paces of growth.
Preserved Sauerkraut Price in Sri Lanka (CIF) - 2022
The average preserved sauerkraut import price stood at $1,434 per ton in 2022, shrinking by -25.2% against the previous year. Overall, the import price recorded a slight setback. The growth pace was the most rapid in 2019 an increase of 19% against the previous year. As a result, import price attained the peak level of $2,322 per ton. From 2020 to 2022, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($1,842 per ton), while the price for Malaysia ($933 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+14.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Preserved Sauerkraut Exports in Sri Lanka
In 2022, shipments abroad of preserved sauerkraut was finally on the rise to reach 8.9 tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, saw a perceptible shrinkage.
In value terms, preserved sauerkraut exports surged to $40K in 2022. The total export value increased at an average annual rate of +2.1% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Preserved Sauerkraut in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 1.2 | 4.6 | 1.6 | 9.0 | 95.7% |
| Italy | 0.2 | 0.7 | 0.4 | 8.0 | 242.0% |
| Australia | 4.3 | 3.2 | 2.6 | 6.4 | 14.2% |
| Netherlands | 0.1 | 0.1 | 0.2 | 5.0 | 268.4% |
| Jordan | 0.3 | 0.3 | 0.2 | 2.8 | 110.5% |
| Botswana | N/A | N/A | 0.3 | 2.0 | 566.7% |
| United States | 0.2 | 0.4 | 0.6 | 1.9 | 111.8% |
| Lithuania | N/A | N/A | N/A | 1.8 | 0% |
| United Arab Emirates | 0.1 | N/A | 0.1 | 1.3 | 135.1% |
| Maldives | 0.3 | 1.1 | 0.6 | 1.1 | 54.2% |
| Germany | 0.6 | 1.1 | 1.0 | 0.9 | 14.5% |
| United Kingdom | 10.5 | 0.1 | 0.7 | 0.2 | -73.3% |
| Japan | 2.2 | 5.5 | 8.8 | N/A | 100.0% |
| Others | 18.1 | 17.2 | 14.0 | N/A | -12.1% |
| Total | 38.0 | 34.3 | 31.1 | 40.4 | 2.1% |
Top Export Markets for Preserved Sauerkraut from Sri Lanka in 2022:
- South Korea (2910.0 kg)
- Australia (1578.0 kg)
- Italy (1002.0 kg)
- Lithuania (874.0 kg)
- Maldives (594.0 kg)
- Netherlands (359.0 kg)
- United States (328.0 kg)
- Germany (294.0 kg)
- Jordan (293.0 kg)
- Botswana (239.0 kg)
- United Arab Emirates (235.0 kg)
- United Kingdom (148.0 kg)
Preserved Sauerkraut Imports in Sri Lanka
In 2022, preserved sauerkraut imports into Sri Lanka contracted remarkably to 45 tons, falling by -87.5% on 2021. Overall, imports saw a dramatic decline. The most prominent rate of growth was recorded in 2021 when imports increased by 33% against the previous year. As a result, imports attained the peak of 362 tons, and then fell remarkably in the following year.
In value terms, preserved sauerkraut imports shrank notably to $65K in 2022. In general, imports recorded a sharp setback. The most prominent rate of growth was recorded in 2021 with an increase of 13%. As a result, imports reached the peak of $694K, and then plummeted in the following year.
| Import of Preserved Sauerkraut in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 87.1 | 59.0 | 66.2 | 42.6 | -21.2% |
| United Arab Emirates | 10.5 | 4.8 | 27.7 | 8.9 | -5.4% |
| India | 71.9 | 5.7 | 6.9 | 5.1 | -58.6% |
| Spain | 39.4 | 29.7 | 11.3 | 2.8 | -58.6% |
| Japan | 10.8 | 4.8 | 2.3 | 1.6 | -47.1% |
| Italy | 10.3 | 11.1 | 15.1 | 1.0 | -54.0% |
| Malaysia | 0.1 | 0.1 | 0.9 | 0.8 | 100.0% |
| Thailand | 75.7 | 112 | 142 | 0.1 | -89.0% |
| Germany | 86.8 | 29.4 | 0.9 | N/A | -89.8% |
| France | 105 | 70.0 | 57.2 | N/A | -26.2% |
| Others | 185 | 286 | 364 | 2.1 | -77.5% |
| Total | 682 | 612 | 694 | 64.9 | -54.3% |
Top Suppliers of Preserved Sauerkraut to Sri Lanka in 2022:
- Germany (undefined tons)
- Thailand (undefined tons)
- China (30.1 tons)
- United Arab Emirates (6.9 tons)
- India (3.1 tons)
- Spain (1.9 tons)
- Japan (0.9 tons)
- Malaysia (0.9 tons)
- Italy (0.7 tons)
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