Sri Lanka - Soups And Broths - Market Analysis, Forecast, Size, Trends And Insights
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View PricingSoups Price in Sri Lanka - 2021
Contents:
- Soups Price in Sri Lanka (CIF) - 2022
- Soups Price in Sri Lanka (FOB) - 2022
- Soups Imports in Sri Lanka
- Soups Exports in Sri Lanka
Soups Price in Sri Lanka (CIF) - 2022
The average soups import price stood at $4,062 per ton in 2022, growing by 67% against the previous year. In general, the import price saw a strong expansion. The most prominent rate of growth was recorded in 2014 an increase of 108% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in the immediate term.
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 Malaysia ($4,164 per ton), while the price for the UK ($2,096 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+8.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Soups Price in Sri Lanka (FOB) - 2022
In 2022, the average soups export price amounted to $4,459 per ton, declining by -14.1% against the previous year. Overall, the export price showed a perceptible descent. The most prominent rate of growth was recorded in 2021 when the average export price increased by 53%. The export price peaked at $6,153 per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($7,214 per ton), while the average price for exports to Italy ($3,640 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 South Korea (+61.8%), while the prices for the other major destinations experienced more modest paces of growth.
Soups Imports in Sri Lanka
In 2022, approx. 14 tons of soups and broths were imported into Sri Lanka; which is down by -85.6% compared with the year before. Over the period under review, imports saw a significant decrease. The pace of growth appeared the most rapid in 2021 when imports increased by 91% against the previous year. As a result, imports attained the peak of 100 tons, and then declined sharply in the following year.
In value terms, soups imports contracted dramatically to $59K in 2022. In general, imports faced a precipitous decline. The most prominent rate of growth was recorded in 2021 with an increase of 113% against the previous year. As a result, imports attained the peak of $244K, and then reduced dramatically in the following year.
| Import of Soups in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 18.3 | 13.8 | 7.6 | 52.7 | 42.3% |
| India | 19.2 | 1.1 | 1.1 | 3.3 | -44.4% |
| United Kingdom | N/A | N/A | 6.9 | 1.3 | -81.2% |
| Thailand | 73.8 | 78.4 | 107 | 0.1 | -88.9% |
| United Arab Emirates | N/A | 5.4 | 2.7 | N/A | -50.0% |
| Pakistan | 35.2 | 13.0 | N/A | N/A | -63.1% |
| Others | 7.4 | 2.8 | 119 | 1.1 | -47.0% |
| Total | 154 | 114 | 244 | 58.6 | -27.5% |
Top Suppliers of Soups to Sri Lanka in 2022:
- Pakistan (undefined tons)
- Thailand (undefined tons)
- Malaysia (12.7 tons)
- India (1.0 tons)
- United Kingdom (0.6 tons)
Soups Exports in Sri Lanka
In 2022, the amount of soups and broths exported from Sri Lanka fell modestly to 17 tons, waning by -2.1% compared with the previous year's figure. Over the period under review, total exports indicated temperate growth from 2019 to 2022: its volume increased at an average annual rate of +2.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +51.8% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 55% against the previous year. As a result, the exports attained the peak of 17 tons, and then fell in the following year.
In value terms, soups exports declined notably to $75K in 2022. Overall, exports saw a abrupt slump. The most prominent rate of growth was recorded in 2021 with an increase of 137%.
| Export of Soups in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 3.2 | 5.6 | 18.5 | 46.7 | 144.4% |
| Qatar | 36.6 | 20.8 | 2.7 | 15.3 | -25.2% |
| United Kingdom | 3.3 | 0.9 | 15.3 | 5.0 | 14.9% |
| United Arab Emirates | 0.5 | N/A | N/A | 3.2 | 85.7% |
| Italy | N/A | 0.1 | N/A | 1.7 | 312.3% |
| Japan | 8.8 | 5.3 | 8.1 | 0.7 | -57.0% |
| Maldives | 34.6 | 0.8 | 15.6 | 0.5 | -75.6% |
| Oman | N/A | 1.4 | 7.9 | N/A | 464.3% |
| Others | 7.1 | 2.9 | 21.3 | 2.0 | -34.4% |
| Total | 94.0 | 37.7 | 89.4 | 75.2 | -7.2% |
Top Export Markets for Soups from Sri Lanka in 2022:
- Canada (12.1 tons)
- Qatar (2.4 tons)
- United Kingdom (1.0 tons)
- Italy (0.5 tons)
- United Arab Emirates (0.5 tons)
- Japan (0.2 tons)
- Maldives (0.1 tons)
This report provides an in-depth analysis of the soups 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 10891100 - Soups and broths and preparations therefor
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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