Sri Lanka - Tuna (Prepared Or Preserved) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPreserved Tuna Price in Sri Lanka - 2021
Contents:
- Preserved Tuna Price in Sri Lanka (CIF) - 2022
- Preserved Tuna Price in Sri Lanka (FOB) - 2022
- Preserved Tuna Imports in Sri Lanka
- Preserved Tuna Exports in Sri Lanka
Preserved Tuna Price in Sri Lanka (CIF) - 2022
The average preserved tuna import price stood at $4,056 per ton in 2022, falling by -5.5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.0%. The most prominent rate of growth was recorded in 2013 when the average import price increased by 44% against the previous year. As a result, import price attained the peak level of $5,276 per ton. From 2014 to 2022, the average import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for Thailand.
From 2012 to 2022, the rate of growth in terms of prices for Japan amounted to +15.5% per year.
Preserved Tuna Price in Sri Lanka (FOB) - 2022
In 2022, the average preserved tuna export price amounted to $5,558 per ton, surging by 22% against the previous year. Over the period under review, export price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, preserved tuna export price increased by +26.2% against 2020 indices. The most prominent rate of growth was recorded in 2014 when the average export price increased by 42%. Over the period under review, the average export prices reached the peak figure at $8,564 per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($15,520 per ton), while the average price for exports to Hong Kong SAR ($4,119 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 Maldives (+17.5%), while the prices for the other major destinations experienced more modest paces of growth.
Preserved Tuna Imports in Sri Lanka
Preserved tuna imports into Sri Lanka declined remarkably to 73 tons in 2022, reducing by -63.8% on 2021 figures. Over the period under review, imports continue to indicate a sharp slump. The most prominent rate of growth was recorded in 2021 with an increase of 54%. As a result, imports attained the peak of 201 tons, and then declined remarkably in the following year.
In value terms, preserved tuna imports shrank sharply to $295K in 2022. In general, imports saw a precipitous curtailment. The growth pace was the most rapid in 2021 with an increase of 51% against the previous year. As a result, imports reached the peak of $862K, and then dropped remarkably in the following year.
| Import of Preserved Tuna in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 609 | 488 | 843 | 293 | -21.6% |
| United Arab Emirates | 18.9 | 4.4 | 15.3 | N/A | -10.0% |
| Others | 12.5 | 79.0 | 4.4 | 1.7 | -48.6% |
| Total | 641 | 572 | 862 | 295 | -22.8% |
Top Suppliers of Preserved Tuna to Sri Lanka in 2022:
- Thailand (72.5 tons)
Preserved Tuna Exports in Sri Lanka
In 2022, shipments abroad of tuna (prepared or preserved) increased by 284% to 5.1 tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, recorded a abrupt decline.
In value terms, preserved tuna exports soared to $28K in 2022. Over the period under review, exports, however, saw a sharp contraction.
| Export of Preserved Tuna in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | N/A | N/A | N/A | 26.3 | 0% |
| Hong Kong SAR | N/A | N/A | N/A | 1.3 | 0% |
| South Korea | 3.3 | N/A | N/A | N/A | 0% |
| Germany | 21.6 | 0.3 | N/A | N/A | -98.6% |
| Maldives | 5.1 | N/A | N/A | N/A | 0% |
| Japan | 2.0 | 0.1 | N/A | N/A | -95.0% |
| Oman | N/A | 7.0 | 4.2 | N/A | -40.0% |
| Australia | 17.6 | 0.3 | N/A | N/A | -98.3% |
| Saudi Arabia | 8.8 | 0.1 | N/A | N/A | -98.9% |
| Others | 0.9 | 3.3 | 1.7 | 0.5 | -17.8% |
| Total | 59.3 | 11.1 | 6.0 | 28.1 | -22.0% |
Top Export Markets for Preserved Tuna from Sri Lanka in 2022:
- Thailand (4.7 tons)
- Hong Kong SAR (0.3 tons)
This report provides an in-depth analysis of the preserved tuna 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 10202540 - Prepared or preserved tuna, skipjack and Atlantic bonito, w hole or in pieces (excluding minced products and prepared meals and dishes)
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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