Sri Lanka - Soft Drinks - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSoft Drink Price in Sri Lanka - 2021
Contents:
- Soft Drink Price in Sri Lanka (FOB) - 2022
- Soft Drink Price in Sri Lanka (CIF) - 2022
- Soft Drink Exports in Sri Lanka
- Soft Drink Imports in Sri Lanka
Soft Drink Price in Sri Lanka (FOB) - 2022
The average soft drink export price stood at $0.9 per litre in 2022, with a decrease of -2.8% against the previous year. Overall, the export price continues to indicate a noticeable shrinkage. The pace of growth appeared the most rapid in 2021 when the average export price increased by 8.2%. Over the period under review, the average export prices reached the maximum at $1.3 per litre in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Maldives ($1.2 per litre) and the United States ($1 per litre), while the average price for exports to India ($0.9 per litre) and Canada ($1 per litre) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+1.3%), while the prices for the other major destinations experienced mixed trend patterns.
Soft Drink Price in Sri Lanka (CIF) - 2022
The average soft drink import price stood at $0.7 per litre in 2022, reducing by -7.6% against the previous year. Over the period under review, the import price showed a pronounced descent. The most prominent rate of growth was recorded in 2013 an increase of 18% against the previous year. Over the period under review, average import prices attained the maximum at $1.3 per litre in 2014; however, from 2015 to 2022, 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 the United Arab Emirates ($1.2 per litre), while the price for Malaysia ($0.6 per litre) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+2.2%), while the prices for the other major suppliers experienced a decline.
Soft Drink Exports in Sri Lanka
Soft drink exports from Sri Lanka reduced to 30M litres in 2022, with a decrease of -14.9% on the previous year's figure. In general, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 47% against the previous year. As a result, the exports reached the peak of 36M litres, and then shrank in the following year.
In value terms, soft drink exports declined significantly to $26M in 2022. Overall, total exports indicated a temperate expansion from 2019 to 2022: its value increased at an average annual rate of +4.0% 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 +31.4% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 59%. As a result, the exports attained the peak of $32M, and then fell sharply in the following year.
| Export of Soft Drink in Sri Lanka (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 9.3 | 6.9 | 10.6 | 23.9 | 37.0% |
| United States | 3.4 | 7.0 | 10.9 | 1.1 | -31.4% |
| Canada | 0.1 | 0.1 | 0.2 | 0.5 | 71.0% |
| Maldives | 3.6 | N/A | 3.9 | 0.1 | -69.7% |
| United Kingdom | 2.8 | 5.2 | 4.5 | 0.1 | -67.1% |
| Others | 4.3 | 0.9 | 1.9 | 0.9 | -40.6% |
| Total | 23.6 | 20.1 | 32.0 | 26.5 | 3.9% |
Top Export Markets for Soft Drink from Sri Lanka in 2022:
- India (27.8M litres)
- United States (1.1M litres)
- Canada (0.5M litres)
- Maldives (0.1M litres)
- United Kingdom (0.1M litres)
Soft Drink Imports in Sri Lanka
In 2022, approx. 3.9M litres of soft drinks were imported into Sri Lanka; picking up by 114% compared with 2021 figures. Over the period under review, imports recorded a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, soft drink imports soared to $2.7M in 2022. Overall, imports posted significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Soft Drink in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Austria | 113 | 82.3 | 84.7 | 1,864 | 154.6% |
| Malaysia | 176 | 106 | 139 | 440 | 35.7% |
| Vietnam | 103 | 117 | 130 | 117 | 4.3% |
| Cyprus | 229 | 116 | 140 | 81.1 | -29.2% |
| United Arab Emirates | 94.9 | 74.5 | 232 | 22.4 | -38.2% |
| India | 111 | 33.4 | 32.3 | 10.1 | -55.0% |
| Others | 708 | 321 | 636 | 214 | -32.9% |
| Total | 1,535 | 851 | 1,394 | 2,750 | 21.5% |
Top Suppliers of Soft Drink to Sri Lanka in 2022:
- Austria (2720.6K litres)
- Malaysia (740.1K litres)
- Vietnam (155.6K litres)
- Cyprus (108.3K litres)
- United Arab Emirates (18.0K litres)
- India (15.5K litres)
This report provides an in-depth analysis of the soft drink market 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 11071930 - Waters, with added sugar, other sweetening matter or flavoured, i.e. soft drinks (including mineral and aerated)
- Prodcom 11071950 - z Non-alcoholic beverages not containing milk fat (excluding sweetened or unsweetened mineral, aerated or flavoured waters)
- Prodcom 11071970 - Non-alcoholic beverages containing milk fat
- Prodcom 110000Z1 - Non-alcoholic beverages, not containing milk, milk products and fats derived therefrom (excl. water, fruit or vegetable juices)
- Prodcom 11051010 - Non-alcoholic beer and beer containing . 0.5% alcohol
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
1941
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This report provides an in-depth analysis of the soft drink market in Sri Lanka.
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This report provides an in-depth analysis of the market for non-alcoholic beverage, not containing milk in Sri Lanka.
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This report provides an in-depth analysis of the sugary soft drink market in Sri Lanka.
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