Sri Lanka - Extracts And Juices Of Meat, Fish, Crustaceans And Molluscs - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Meat and Fish Extracts in Sri Lanka - 2021
Contents:
- Price for Meat and Fish Extracts in Sri Lanka (CIF) - 2022
- Price for Meat and Fish Extracts in Sri Lanka (FOB) - 2022
- Imports of Meat and Fish Extracts in Sri Lanka
- Exports of Meat and Fish Extracts in Sri Lanka
Price for Meat and Fish Extracts in Sri Lanka (CIF) - 2022
The average meat and fish extracts import price stood at $21,453 per ton in 2022, growing by 81% against the previous year. Over the period under review, the import price recorded 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 Thailand.
From 2012 to 2022, the rate of growth in terms of prices for Thailand amounted to +12.5% per year.
Price for Meat and Fish Extracts in Sri Lanka (FOB) - 2022
In 2022, the average meat and fish extracts export price amounted to $5,523 per ton, surging by 24% against the previous year. Over the period under review, the export price, however, saw a noticeable setback. The pace of growth appeared the most rapid in 2016 when the average export price increased by 119% against the previous year. The export price peaked at $8,593 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Maldives.
From 2012 to 2022, the rate of growth in terms of prices for Qatar amounted to +21.1% per year.
Imports of Meat and Fish Extracts in Sri Lanka
In 2022, supplies from abroad of extracts and juices of meat, fish, crustaceans and molluscs decreased by -65.3% to 5.7 tons, falling for the second year in a row after two years of growth. Over the period under review, imports faced a precipitous decline. The growth pace was the most rapid in 2020 when imports increased by 20% against the previous year. As a result, imports reached the peak of 19 tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, meat and fish extracts imports shrank rapidly to $122K in 2022. Overall, imports continue to indicate a abrupt contraction. The pace of growth was the most pronounced in 2021 with an increase of 35%. As a result, imports attained the peak of $194K, and then declined markedly in the following year.
| Import of Meat and Fish Extracts in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 144 | 139 | 189 | 122 | -5.4% |
| China | 4.5 | 4.6 | 5.0 | N/A | 5.4% |
| Others | N/A | N/A | 0.6 | N/A | 0% |
| Total | 148 | 144 | 194 | 122 | -6.2% |
Top Suppliers of Meat and Fish Extracts to Sri Lanka in 2022:
- Thailand (5.7 tons)
Exports of Meat and Fish Extracts in Sri Lanka
After three years of growth, shipments abroad of extracts and juices of meat, fish, crustaceans and molluscs decreased by -33.2% to 255 kg in 2022. Over the period under review, exports, however, posted a prominent expansion. The growth pace was the most rapid in 2021 when exports increased by 68% against the previous year. As a result, the exports reached the peak of 382 kg, and then contracted dramatically in the following year.
In value terms, meat and fish extracts exports contracted markedly to $1.4K in 2022. In general, total exports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +16.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +56.7% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 53% against the previous year. As a result, the exports reached the peak of $1.7K, and then shrank rapidly in the following year.
| Export of Meat and Fish Extracts in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Maldives | 0.9 | 1.1 | 0.6 | 1.4 | 15.9% |
| United Arab Emirates | N/A | N/A | 1.1 | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 0.9 | 1.1 | 1.7 | 1.4 | 15.9% |
Top Export Markets for Meat and Fish Extracts from Sri Lanka in 2022:
- Maldives (254.0 kg)
This report provides an in-depth analysis of the market for meat and fish extracts 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 10891400 - Extracts and juices of meat, fish, crustaceans, molluscs or other aquatic invertebrates
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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