Price for Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in Sri Lanka - 2022
Contents:
- Price for Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in Sri Lanka (FOB) - 2022
- Price for Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in Sri Lanka (CIF) - 2022
- Exports of Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in Sri Lanka
- Imports of Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in Sri Lanka
Price for Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in Sri Lanka (FOB) - 2022
In 2022, the average export price for mollusc preparations; cuttle fish and squid, prepared or preserveds amounted to $7,853 per ton, increasing by 17% against the previous year. Over the period under review, the export price, however, saw a pronounced reduction. The growth pace was the most rapid in 2015 an increase of 66% against the previous year. Over the period under review, the average export prices reached the peak figure at $10,609 per ton in 2012; however, from 2013 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 Australia ($23,693 per ton), while the average price for exports to the United States ($6,417 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 Qatar (+92.2%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in Sri Lanka (CIF) - 2022
The average import price for mollusc preparations; cuttle fish and squid, prepared or preserveds stood at $4,389 per ton in 2020, growing by 19% against the previous year. Overall, the import price, however, continues to indicate a perceptible descent. The growth pace was the most rapid in 2018 an increase of 34%. Over the period under review, average import prices attained the maximum at $5,079 per ton in 2016; however, from 2017 to 2020, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Singapore ($8,667 per ton), while the price for China ($3,701 per ton) was amongst the lowest.
From 2016 to 2020, the most notable rate of growth in terms of prices was attained by Singapore (+30.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in Sri Lanka
In 2022, the amount of mollusc preparations; cuttle fish and squid, prepared or preserveds exported from Sri Lanka stood at 5.2 tons, rising by 5.9% against the previous year's figure. Overall, exports enjoyed a significant expansion. The growth pace was the most rapid in 2021 with an increase of 507% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are likely to see steady growth in years to come.
In value terms, exports of mollusc preparations; cuttle fish and squid, prepared or preserveds soared to $41K in 2022. In general, exports posted significant growth. The growth pace was the most rapid in 2021 when exports increased by 600%. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | N/A | N/A | 15.8 | 23.0 | 45.6% |
| United Kingdom | 1.9 | 1.1 | 9.8 | 13.7 | 93.2% |
| Australia | N/A | N/A | 2.7 | 2.4 | -11.1% |
| Switzerland | 1.0 | 1.5 | 2.2 | 0.4 | -26.3% |
| Bahrain | 0.9 | 0.5 | 0.3 | 0.3 | -30.7% |
| Maldives | 1.6 | 1.5 | 1.4 | 0.1 | -60.3% |
| Saudi Arabia | 1.3 | N/A | N/A | N/A | 0% |
| Others | 0.7 | 0.2 | 0.6 | 0.6 | -5.0% |
| Total | 7.4 | 4.7 | 32.8 | 40.5 | 76.2% |
Top Export Markets for Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved from Sri Lanka in 2022:
- United States (3586.0 kg)
- United Kingdom (1333.0 kg)
- Australia (101.0 kg)
- Switzerland (42.0 kg)
- Bahrain (28.0 kg)
- Maldives (13.0 kg)
Imports of Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in Sri Lanka
Imports of mollusc preparations; cuttle fish and squid, prepared or preserveds into Sri Lanka declined notably to 314 kg in 2020, shrinking by -92.5% compared with 2019. Over the period under review, imports saw a dramatic curtailment.
In value terms, imports of mollusc preparations; cuttle fish and squid, prepared or preserveds declined sharply to $1.4K in 2020. In general, imports recorded a significant decrease.
| Import of Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | CAGR, 2019-2020 | ||
| China | 2.7 | 1.0 | -63.0% | ||
| Singapore | 3.9 | 0.2 | -94.9% | ||
| Spain | 1.1 | 0.1 | -90.9% | ||
| New Zealand | 2.6 | N/A | 0% | ||
| Indonesia | 4.9 | N/A | 0% | ||
| Others | 0.2 | N/A | 0% | ||
| Total | 15.5 | 1.4 | -91.0% | ||
Top Suppliers of Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved to Sri Lanka in 2022:
- China (268.0 kg)
- Singapore (27.0 kg)
- Spain (18.0 kg)
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