Sri Lanka: Freshwater Fish Market 2024

Freshwater Fish Market Size in Sri Lanka

The Sri Lankan freshwater fish market shrank dramatically to $X in 2022, with a decrease of X% against the previous year. Over the period under review, consumption, however, recorded a resilient expansion. Freshwater fish consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Freshwater Fish Production in Sri Lanka

In value terms, freshwater fish production stood at $X in 2022 estimated in export price. Over the period under review, production, however, posted a significant increase. The most prominent rate of growth was recorded in 2017 with an increase of X,800% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a lower figure.

Freshwater Fish Exports

Exports from Sri Lanka

In 2022, the amount of freshwater fish exported from Sri Lanka dropped dramatically to X tons, waning by X% on 2021. Overall, exports recorded a abrupt downturn. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2022, the growth of the exports failed to regain momentum.

In value terms, freshwater fish exports fell sharply to $X in 2022. In general, exports showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X tons) was the main destination for freshwater fish exports from Sri Lanka, accounting for a X% share of total exports. It was followed by the United States (X kg), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to the United Arab Emirates totaled X%.

In value terms, the United Arab Emirates ($X) emerged as the key foreign market for freshwater fish exports from Sri Lanka, comprising X% of total exports. The second position in the ranking was held by the United States ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the United Arab Emirates stood at X%.

Export Prices by Country

The average freshwater fish export price stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period under review, the export price continues to indicate a buoyant increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to the United Arab Emirates amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (X%), while the prices for the other major destinations experienced mixed trend patterns.

Freshwater Fish Imports

Imports into Sri Lanka

Freshwater fish imports into Sri Lanka fell rapidly to X tons in 2022, shrinking by X% compared with the year before. Overall, imports continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, freshwater fish imports contracted dramatically to $X in 2022. In general, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when imports increased by X%. Imports peaked at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Maldives (X tons) constituted the largest freshwater fish supplier to Sri Lanka, accounting for a X% share of total imports. Moreover, freshwater fish imports from Maldives exceeded the figures recorded by the second-largest supplier, Japan (X tons), twofold. The third position in this ranking was held by the United States (X tons), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Maldives stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (X% per year) and the United States (X% per year).

In value terms, Japan ($X) constituted the largest supplier of freshwater fish to Sri Lanka, comprising X% of total imports. The second position in the ranking was held by Maldives ($X), with a X% share of total imports. It was followed by the United States, with a X% share.

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

Import Prices by Country

In 2022, the average freshwater fish import price amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the import price recorded strong growth. The pace of growth appeared the most rapid in 2018 when the average import price increased by X%. The import price peaked at $X per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

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 Japan ($X per ton), while the price for Maldives ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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