Sri Lanka: Chewing Gum Market 2024

Chewing Gum Market Size in Sri Lanka

The Sri Lankan chewing gum market declined modestly to $X in 2022, which is down by X% against the previous year. Over the period under review, consumption recorded a deep downturn. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Chewing Gum Production in Sri Lanka

In value terms, chewing gum production reduced to $X in 2022 estimated in export price. In general, production faced a abrupt decline. The most prominent rate of growth was recorded in 2014 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Chewing Gum Exports

Exports from Sri Lanka

In 2022, approx. X tons of chewing gum were exported from Sri Lanka; falling by X% against the year before. In general, exports faced a deep setback. The pace of growth appeared the most rapid in 2020 when exports increased by X%. Over the period under review, the exports reached the maximum at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, chewing gum exports dropped significantly to $X in 2022. Over the period under review, exports recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2014 with an increase of X%. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

Australia (X tons) was the main destination for chewing gum exports from Sri Lanka, accounting for a X% share of total exports. Moreover, chewing gum exports to Australia exceeded the volume sent to the second major destination, New Zealand (X kg), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Australia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: New Zealand (X% per year) and the United Arab Emirates (X% per year).

In value terms, Australia ($X) emerged as the key foreign market for chewing gum exports from Sri Lanka, comprising X% of total exports. The second position in the ranking was held by New Zealand ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Australia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: New Zealand (X% per year) and the United Arab Emirates (X% per year).

Export Prices by Country

In 2022, the average chewing gum export price amounted to $X per ton, growing by X% against the previous year. In general, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2019 an increase of X%. Over the period under review, the average export prices reached the maximum at $X per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Australia ($X per ton), while the average price for exports to New Zealand ($X 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 Kuwait (X%), while the prices for the other major destinations experienced more modest paces of growth.

Chewing Gum Imports

Imports into Sri Lanka

In 2022, chewing gum imports into Sri Lanka contracted significantly to X tons, dropping by X% compared with the previous year's figure. In general, imports faced a deep reduction. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2016 to 2022, the growth of imports remained at a lower figure.

In value terms, chewing gum imports fell remarkably to $X in 2022. Over the period under review, imports saw a deep slump. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at $X in 2021, and then shrank notably in the following year.

Imports by Country

In 2022, Saudi Arabia (X tons) constituted the largest chewing gum supplier to Sri Lanka, accounting for a X% share of total imports. Moreover, chewing gum imports from Saudi Arabia exceeded the figures recorded by the second-largest supplier, China (X tons), fourfold. The United Arab Emirates (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Saudi Arabia amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and the United Arab Emirates (X% per year).

In value terms, Saudi Arabia ($X) constituted the largest supplier of chewing gum to Sri Lanka, comprising X% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a X% share of total imports. It was followed by China, with an X% share.

From 2012 to 2022, the average annual growth rate of value from Saudi Arabia amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (X% per year) and China (X% per year).

Import Prices by Country

In 2022, the average chewing gum import price amounted to $X per ton, reducing by X% against the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2017 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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