Sri Lanka - Dried Or Smoked Fish - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Dried or Smoked Fish in Sri Lanka - 2021
Contents:
- Price for Dried or Smoked Fish in Sri Lanka (CIF) - 2022
- Price for Dried or Smoked Fish in Sri Lanka (FOB) - 2022
- Imports of Dried or Smoked Fish in Sri Lanka
- Exports of Dried or Smoked Fish in Sri Lanka
Price for Dried or Smoked Fish in Sri Lanka (CIF) - 2022
In 2022, the average dried or smoked fish import price amounted to $1,479 per ton, waning by -38.3% against the previous year. In general, the import price continues to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2017 an increase of 11%. The import price peaked at $5,881 per ton in 2012; however, from 2013 to 2022, 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 Pakistan ($2,296 per ton), while the price for the United Arab Emirates ($1,381 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Oman (-6.0%), while the prices for the other major suppliers experienced a decline.
Price for Dried or Smoked Fish in Sri Lanka (FOB) - 2022
The average dried or smoked fish export price stood at $16,311 per ton in 2022, increasing by 22% against the previous year. Overall, export price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, dried or smoked fish export price increased by +279.5% against 2018 indices. The pace of growth was the most pronounced in 2019 an increase of 201% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($42,884 per ton), while the average price for exports to the United Arab Emirates ($3,345 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 Jordan (+9.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Dried or Smoked Fish in Sri Lanka
In 2022, supplies from abroad of dried or smoked fish decreased by -8.8% to 32K tons, falling for the second consecutive year after two years of growth. Over the period under review, imports saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 when imports increased by 21% against the previous year. As a result, imports attained the peak of 45K tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, dried or smoked fish imports shrank significantly to $47M in 2022. Overall, imports recorded a significant decline. The growth pace was the most rapid in 2020 with an increase of 13% against the previous year. As a result, imports attained the peak of $104M. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Dried or Smoked Fish in Sri Lanka (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 3.0 | 0.8 | 0.1 | 23.1 | 97.5% |
| Thailand | 44.2 | 38.8 | 37.8 | 11.4 | -36.3% |
| India | 13.1 | 16.4 | 12.2 | 2.8 | -40.2% |
| Iran | 0.3 | 3.2 | 4.7 | 2.7 | 108.0% |
| Maldives | 7.8 | 11.3 | 10.4 | 2.4 | -32.5% |
| Oman | 0.8 | 1.6 | 1.4 | 1.7 | 28.6% |
| Indonesia | 7.5 | 14.3 | 8.2 | 1.6 | -40.2% |
| China | 6.5 | 8.7 | 3.4 | 0.3 | -64.1% |
| Others | 9.0 | 8.8 | 5.2 | 1.0 | -51.9% |
| Total | 92.1 | 104 | 83.4 | 46.9 | -20.1% |
Top Suppliers of Dried or Smoked Fish to Sri Lanka in 2022:
- United Arab Emirates (16.8K tons)
- Thailand (8.0K tons)
- Iran (1.7K tons)
- India (1.6K tons)
- Maldives (1.1K tons)
- Indonesia (1.1K tons)
- Oman (0.8K tons)
- China (0.2K tons)
Exports of Dried or Smoked Fish in Sri Lanka
In 2022, after three years of growth, there was significant decline in overseas shipments of dried or smoked fish, when their volume decreased by -34.2% to 425 tons. In general, exports showed a abrupt decrease. The most prominent rate of growth was recorded in 2021 with an increase of 12% against the previous year. As a result, the exports reached the peak of 646 tons, and then dropped markedly in the following year.
In value terms, dried or smoked fish exports dropped sharply to $6.9M in 2022. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 33%. As a result, the exports attained the peak of $8.6M, and then contracted sharply in the following year.
| Export of Dried or Smoked Fish in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hong Kong SAR | 4,378 | 2,785 | 4,652 | 3,545 | -6.8% |
| Singapore | 14.2 | 23.6 | 371 | 861 | 292.9% |
| Australia | 528 | 796 | 755 | 629 | 6.0% |
| South Korea | 499 | 539 | 682 | 446 | -3.7% |
| United States | 236 | 558 | 467 | 280 | 5.9% |
| United Kingdom | 158 | 500 | 228 | 241 | 15.1% |
| Canada | 164 | 219 | 187 | 201 | 7.0% |
| Kuwait | 116 | 174 | 170 | 120 | 1.1% |
| United Arab Emirates | 17.3 | 22.3 | 88.2 | 107 | 83.6% |
| New Zealand | 88.3 | 138 | 134 | 90.6 | 0.9% |
| Japan | 99.6 | 228 | 224 | 85.8 | -4.8% |
| Jordan | 164 | 163 | 177 | 67.7 | -25.5% |
| Qatar | 178 | 192 | 227 | 53.1 | -33.2% |
| Others | 255 | 166 | 273 | 207 | -6.7% |
| Total | 6,896 | 6,501 | 8,637 | 6,935 | 0.2% |
Top Export Markets for Dried or Smoked Fish from Sri Lanka in 2022:
- Hong Kong SAR (143.0 tons)
- Australia (57.8 tons)
- South Korea (42.0 tons)
- United Arab Emirates (32.1 tons)
- United States (26.8 tons)
- Singapore (20.1 tons)
- Japan (15.5 tons)
- Canada (15.1 tons)
- United Kingdom (14.0 tons)
- Kuwait (13.5 tons)
- Qatar (9.5 tons)
- New Zealand (8.6 tons)
- Jordan (7.5 tons)
This report provides an in-depth analysis of the market for dried or smoked fish 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 10202100 - Fish fillets, dried, salted or in brine, but not smoked
- Prodcom 10202350 - Dried fish, whether or not salted, fish, salted but not dried, fish in brine (excluding fillets, smoked, heads, tails and maws)
- Prodcom 10202425 - Smoked Pacific, Atlantic and Danube salmon (including fillets, e xcluding heads, tails and maws)
- Prodcom 10202455 - Smoked herrings (including fillets, excluding heads, tails and maws)
- Prodcom 10202485 - Smoked fish (excluding herrings, Pacific, Atlantic and Danube salmon), including fillets, excluding head, tails and maws
- Prodcom 10202200 - Flours, meals and pellets of fish, fit for human consumption, f ish livers and roes, dried, smoked, salted or in brine
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
- 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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