Sri Lanka: Market for Non-Alcoholic Beverages, Not Containing Milk 2024

Market Size for Non-Alcoholic Beverages, Not Containing Milk in Sri Lanka

The Sri Lankan market for non-alcoholic beverages, not containing milk fell slightly to $X in 2022, remaining relatively unchanged against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Non-alcoholic beverage, not containing milk consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Production of Non-Alcoholic Beverages, Not Containing Milk in Sri Lanka

In value terms, non-alcoholic beverage, not containing milk production fell modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2015 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

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Exports of Non-Alcoholic Beverages, Not Containing Milk

Exports from Sri Lanka

In 2022, exports of non-alcoholic beverages, not containing milk from Sri Lanka reduced to X litres, shrinking by X% compared with the previous year's figure. Overall, exports, however, showed a resilient increase. The pace of growth was the most pronounced in 2014 when exports increased by X%. The exports peaked at X litres in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, non-alcoholic beverage, not containing milk exports dropped sharply to $X in 2022. In general, exports, however, enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

India (X litres) was the main destination for non-alcoholic beverage, not containing milk exports from Sri Lanka, accounting for a X% share of total exports. Moreover, non-alcoholic beverage, not containing milk exports to India exceeded the volume sent to the second major destination, the United States (X litres), more than tenfold. The third position in this ranking was taken by Canada (X litres), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to India totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Canada (X% per year).

In value terms, India ($X) emerged as the key foreign market for non-alcoholic beverages, not containing milk exports from Sri Lanka, comprising X% of total exports. The second position in the ranking was held by the United States ($X), with a X% share of total exports. It was followed by Canada, with a X% share.

From 2012 to 2022, the average annual growth rate of value to India amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Canada (X% per year).

Export Prices by Country

In 2022, the average export price for non-alcoholic beverages, not containing milk amounted to $X per litre, declining by X% against the previous year. Overall, the export price showed a pronounced shrinkage. The pace of growth appeared the most rapid in 2017 an increase of X% against the previous year. The export price peaked at $X per litre in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Maldives ($X per litre) and the UK ($X per litre), while the average price for exports to India ($X per litre) and Canada ($X 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 the United States (X%), while the prices for the other major destinations experienced a decline.

Imports of Non-Alcoholic Beverages, Not Containing Milk

Imports into Sri Lanka

In 2022, purchases abroad of non-alcoholic beverages, not containing milk increased by X% to X litres, rising for the second year in a row after two years of decline. Over the period under review, imports posted a prominent increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, non-alcoholic beverage, not containing milk imports soared to $X in 2022. In general, imports enjoyed a buoyant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Austria (X litres) constituted the largest non-alcoholic beverage, not containing milk supplier to Sri Lanka, with a X% share of total imports. Moreover, non-alcoholic beverage, not containing milk imports from Austria exceeded the figures recorded by the second-largest supplier, Malaysia (X litres), fivefold. The third position in this ranking was held by Vietnam (X litres), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Austria amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (X% per year) and Vietnam (X% per year).

In value terms, Austria ($X) constituted the largest supplier of non-alcoholic beverages, not containing milk to Sri Lanka, comprising X% of total imports. The second position in the ranking was held by Malaysia ($X), with a X% share of total imports. It was followed by Vietnam, with a X% share.

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

Import Prices by Country

In 2022, the average import price for non-alcoholic beverages, not containing milk amounted to $X per litre, dropping by X% against the previous year. In general, the import price continues to indicate a deep contraction. The most prominent rate of growth was recorded in 2015 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per litre in 2012; however, from 2013 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 Thailand ($X per litre), while the price for Malaysia ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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