Price for Homogenised Composite Food Preparations in Sri Lanka - 2021

Contents:

1. Price for Homogenised Composite Food Preparations in Sri Lanka (FOB) - 2022
2. Price for Homogenised Composite Food Preparations in Sri Lanka (CIF) - 2022
3. Exports of Homogenised Composite Food Preparations in Sri Lanka
4. Imports of Homogenised Composite Food Preparations in Sri Lanka

Price for Homogenised Composite Food Preparations in Sri Lanka (FOB) - 2022

The average homogenised composite food preparations export price stood at $4,669 per ton in 2022, dropping by -22% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 57%. The export price peaked at $6,034 per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($23,097 per ton), while the average price for exports to Qatar ($1,314 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 Nepal (+66.0%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Homogenised Composite Food Preparations in Sri Lanka (CIF) - 2022

In 2022, the average homogenised composite food preparations import price amounted to $13,270 per ton, jumping by 221% against the previous year. Over the period under review, the import price posted a remarkable increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

As there is only one major supplying country, the average price level is determined by prices for Italy.

From 2012 to 2022, the rate of growth in terms of prices for Saudi Arabia amounted to +11.7% per year.

Exports of Homogenised Composite Food Preparations in Sri Lanka

For the third year in a row, Sri Lanka recorded decline in shipments abroad of homogenised composite food preparationses, which decreased by -29.8% to 3 tons in 2022. In general, exports continue to indicate a precipitous slump. The smallest decline of -15.7% was in 2020.

In value terms, homogenised composite food preparations exports fell markedly to $14K in 2022. Overall, exports recorded a precipitous decrease. The smallest decline of -19.6% was in 2020.

Top Export Markets for Homogenised Composite Food Preparations from Sri Lanka in 2022:

1. Maldives (2205.0 kg)
2. Hong Kong SAR (388.0 kg)
3. Italy (150.0 kg)
4. Japan (117.0 kg)
5. United States (60.0 kg)
6. Qatar (25.0 kg)

Imports of Homogenised Composite Food Preparations in Sri Lanka

In 2022, homogenised composite food preparations imports into Sri Lanka declined markedly to 1 kg, which is down by 99.9% compared with 2021 figures. Over the period under review, imports saw a dramatic decrease. The pace of growth was the most pronounced in 2021 with an increase of 101%. As a result, imports attained the peak of 19 tons, and then contracted sharply in the following year.

In value terms, homogenised composite food preparations imports declined sharply to $12 in 2022. Overall, imports showed a precipitous shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of 4.9%. As a result, imports reached the peak of $77K, and then declined remarkably in the following year.

Top Suppliers of Homogenised Composite Food Preparations to Sri Lanka in 2022:

1. Italy (1.0 kg)