Sri Lanka - Frozen, Dried And Smoked Fish - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Frozen, Dried and Smoked Fish in Sri Lanka - 2021
Contents:
- Price for Frozen, Dried and Smoked Fish in Sri Lanka (FOB) - 2022
- Price for Frozen, Dried and Smoked Fish in Sri Lanka (CIF) - 2022
- Exports of Frozen, Dried and Smoked Fish in Sri Lanka
- Imports of Frozen, Dried and Smoked Fish in Sri Lanka
Price for Frozen, Dried and Smoked Fish in Sri Lanka (FOB) - 2022
In 2022, the average export price for frozen, dried and smoked fish amounted to $6,280 per ton, rising by 4.1% against the previous year. Over the period under review, the export price, however, continues to indicate a pronounced contraction. The most prominent rate of growth was recorded in 2019 an increase of 36%. Over the period under review, the average export prices attained the peak figure at $9,338 per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($16,401 per ton), while the average price for exports to Taiwan (Chinese) ($1,645 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 Germany (+12.3%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Frozen, Dried and Smoked Fish in Sri Lanka (CIF) - 2022
In 2022, the average import price for frozen, dried and smoked fish amounted to $1,532 per ton, waning by -36.4% against the previous year. Overall, the import price showed a abrupt downturn. The pace of growth appeared the most rapid in 2019 when the average import price increased by 23% against the previous year. Over the period under review, average import prices attained the maximum at $4,184 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
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 Maldives ($2,484 per ton), while the price for Yemen ($1,301 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Oman (+4.2%), while the prices for the other major suppliers experienced a decline.
Exports of Frozen, Dried and Smoked Fish in Sri Lanka
For the fourth year in a row, Sri Lanka recorded growth in shipments abroad of frozen, dried and smoked fish, which increased by 77% to 24K tons in 2022. In general, exports showed significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 77% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.
In value terms, frozen, dried and smoked fish exports skyrocketed to $152M in 2022. Over the period under review, exports recorded significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Frozen, Dried and Smoked Fish in Sri Lanka (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 11.8 | 11.1 | 22.8 | 19.5 | 18.2% |
| United Kingdom | 3.0 | 2.7 | 6.1 | 15.1 | 71.4% |
| Netherlands | 0.2 | 0.1 | 0.2 | 13.0 | 302.1% |
| Germany | 0.2 | 0.3 | 0.3 | 12.0 | 291.5% |
| United States | 6.4 | 3.2 | 11.6 | 11.0 | 19.8% |
| France | 1.1 | 0.4 | 0.8 | 9.9 | 108.0% |
| Italy | 0.7 | 1.0 | 0.6 | 9.0 | 134.3% |
| Switzerland | 0.5 | 0.4 | 0.8 | 7.7 | 148.8% |
| Taiwan (Chinese) | 2.1 | 2.5 | 1.7 | 6.8 | 47.9% |
| Canada | 1.3 | 1.9 | 2.3 | 6.7 | 72.7% |
| China | 2.6 | 2.5 | 4.1 | 5.2 | 26.0% |
| United Arab Emirates | 0.5 | 0.1 | 0.1 | 3.2 | 85.7% |
| Vietnam | 2.7 | 4.4 | 4.4 | 0.8 | -33.3% |
| Others | 24.4 | 15.7 | 27.0 | 32.6 | 10.1% |
| Total | 57.3 | 46.5 | 82.8 | 152 | 38.4% |
Top Export Markets for Frozen, Dried and Smoked Fish from Sri Lanka in 2022:
- Taiwan (Chinese) (4.1K tons)
- Netherlands (4.0K tons)
- Japan (1.9K tons)
- United Kingdom (1.8K tons)
- Italy (1.7K tons)
- Canada (1.5K tons)
- China (1.3K tons)
- United States (1.2K tons)
- United Arab Emirates (1.0K tons)
- France (0.9K tons)
- Germany (0.7K tons)
- Switzerland (0.5K tons)
- Vietnam (0.4K tons)
Imports of Frozen, Dried and Smoked Fish in Sri Lanka
In 2022, purchases abroad of frozen, dried and smoked fish decreased by -28% to 36K tons, falling for the second consecutive year after two years of growth. In general, imports continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2020 with an increase of 14%. As a result, imports attained the peak of 61K tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, frozen, dried and smoked fish imports reduced sharply to $55M in 2022. Over the period under review, imports faced a dramatic shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of 4.7% against the previous year. As a result, imports attained the peak of $139M. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Frozen, Dried and Smoked Fish in Sri Lanka (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 3.3 | 0.8 | 0.1 | 23.4 | 92.1% |
| Thailand | 44.2 | 38.8 | 38.5 | 11.4 | -36.3% |
| India | 17.2 | 19.9 | 14.8 | 3.4 | -41.7% |
| Iran | 3.3 | 6.2 | 6.0 | 3.2 | -1.0% |
| Maldives | 9.3 | 11.6 | 10.6 | 3.0 | -31.4% |
| China | 16.0 | 17.6 | 21.8 | 2.7 | -44.7% |
| Indonesia | 8.4 | 15.5 | 8.6 | 1.7 | -41.3% |
| Taiwan (Chinese) | 7.1 | 5.1 | 4.2 | 1.0 | -48.0% |
| Vietnam | 8.5 | 6.4 | 6.0 | 0.8 | -54.5% |
| Yemen | 3.4 | 0.9 | 1.4 | 0.4 | -51.0% |
| Pakistan | 4.1 | 4.5 | 0.8 | 0.1 | -71.0% |
| Others | 8.4 | 11.9 | 7.0 | 3.6 | -24.6% |
| Total | 133 | 139 | 120 | 54.7 | -25.6% |
Top Suppliers of Frozen, Dried and Smoked Fish to Sri Lanka in 2022:
- United Arab Emirates (16.8K tons)
- Thailand (8.0K tons)
- Iran (2.0K tons)
- India (2.0K tons)
- China (2.0K tons)
- Maldives (1.2K tons)
- Indonesia (1.1K tons)
- Taiwan (Chinese) (0.5K tons)
- Vietnam (0.3K tons)
- Yemen (0.3K tons)
- Pakistan (0.1K tons)
This report provides an in-depth analysis of the market for frozen, dried and 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 10201330 - Frozen whole salt water fish
- Prodcom 10201360 - Frozen whole fresh water fish
- Prodcom 10201400 - Frozen fish fillets
- Prodcom 10201500 - Frozen fish meat without bones (excluding fillets)
- Prodcom 10201600 - Frozen fish livers and roes
- Prodcom 10203100 - Frozen crustaceans, frozen flours, meals and pellets of crustaceans, fit for human consumption
- 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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