Sri Lanka: Potato Chips Market 2024

Potato Chips Market Size in Sri Lanka

The Sri Lankan potato chips market rose modestly to $X in 2022, growing by X% against the previous year. In general, the total consumption indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2020 indices. Over the period under review, the market reached the peak level at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Potato Chips Production in Sri Lanka

In value terms, potato chips production expanded to $X in 2022 estimated in export price. Over the period under review, the total production indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2015 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Potato Chips Exports

Exports from Sri Lanka

In 2022, after five years of growth, there was significant decline in shipments abroad of potato chips, when their volume decreased by X% to X kg. Over the period under review, exports recorded a significant contraction. The most prominent rate of growth was recorded in 2014 when exports increased by X%. The exports peaked at X tons in 2021, and then reduced sharply in the following year.

In value terms, potato chips exports shrank significantly to $X in 2022. In general, exports saw a precipitous contraction. The growth pace was the most rapid in 2014 when exports increased by X%. The exports peaked at $X in 2021, and then reduced dramatically in the following year.

Exports by Country

The United Arab Emirates (X kg) was the main destination for potato chips exports from Sri Lanka, with a approx. 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 potato chips exports from Sri Lanka.

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

Export Prices by Country

The average potato chips export price stood at $X per ton in 2022, rising by X% against the previous year. Over the period under review, the export price recorded buoyant growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for the United Arab Emirates.

From 2012 to 2022, the rate of growth in terms of prices for the UK amounted to X% per year.

Potato Chips Imports

Imports into Sri Lanka

Potato chips imports into Sri Lanka reduced rapidly to X tons in 2022, dropping by X% compared with the previous year. Over the period under review, imports recorded a deep slump. The most prominent rate of growth was recorded in 2016 when imports increased by X%. As a result, imports attained the peak of X tons. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, potato chips imports declined markedly to $X in 2022. In general, imports showed a deep downturn. The most prominent rate of growth was recorded in 2016 with an increase of X%. As a result, imports reached the peak of $X. From 2017 to 2022, the growth of imports remained at a lower figure.

Imports by Country

India (X tons), Germany (X tons) and Egypt (X tons) were the main suppliers of potato chips imports to Sri Lanka, with a combined X% share of total imports. Malaysia, Bangladesh, Turkey, the United Arab Emirates and the UK lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest potato chips suppliers to Sri Lanka were Germany ($X), Malaysia ($X) and Egypt ($X), with a combined X% share of total imports. India, Bangladesh, Turkey, the United Arab Emirates and the UK lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Turkey, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average potato chips import price amounted to $X per ton, shrinking by X% against the previous year. Overall, import price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2015 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2021, and then dropped in the following year.

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

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

Source: IndexBox Platform

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