Sri Lanka: Poultry Market 2024

Poultry Market Size in Sri Lanka

After six years of growth, the Sri Lankan poultry market decreased by X% to $X in 2022. In general, consumption, however, saw a resilient expansion. Over the period under review, the market reached the maximum level at $X in 2021, and then fell in the following year.

Poultry Production in Sri Lanka

In value terms, poultry production declined to $X in 2022 estimated in export price. In general, production, however, enjoyed resilient growth. The most prominent rate of growth was recorded in 2013 when the production volume increased by X% against the previous year. Poultry production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

In 2022, the average poultry yield in Sri Lanka stood at X kg per head, approximately mirroring 2021. In general, the yield saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 with an increase of X%. Over the period under review, the average poultry yield hit record highs at X kg per head in 2013; however, from 2014 to 2022, the yield failed to regain momentum.

In 2022, approx. X heads of animals slaughtered for poultry production in Sri Lanka; approximately equating the year before. Over the period under review, the total number of producing animals indicated a buoyant increase from 2012 to 2022: its figure 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, number of animals slaughtered for poultry production increased by X% against 2012 indices. The pace of growth appeared the most rapid in 2014 when the number of producing animals increased by X% against the previous year. Over the period under review, this number reached the maximum level at X heads in 2021, and then declined modestly in the following year.

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Poultry Exports

Exports from Sri Lanka

In 2022, the amount of poultry exported from Sri Lanka reduced dramatically to X tons, shrinking by X% on the year before. Over the period under review, exports recorded a deep downturn. The pace of growth appeared the most rapid in 2019 when exports increased by X%. Over the period under review, the exports attained the peak figure at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, poultry exports fell to $X in 2022. In general, exports, however, showed a prominent increase. The growth pace was the most rapid in 2019 with an increase of X%. As a result, the exports attained the peak of $X. From 2020 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Maldives (X tons) was the main destination for poultry exports from Sri Lanka, accounting for a X% share of total exports. Moreover, poultry exports to Maldives exceeded the volume sent to the second major destination, Vietnam (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Maldives totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (X% per year) and Hong Kong SAR (X% per year).

In value terms, Maldives ($X) remains the key foreign market for poultry exports from Sri Lanka, comprising X% of total exports. The second position in the ranking was taken by Hong Kong SAR ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Maldives amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (X% per year) and Vietnam (X% per year).

Export Prices by Country

The average poultry export price stood at $X per ton in 2022, growing by X% against the previous year. Overall, the export price posted a resilient increase. The pace of growth was the most pronounced in 2018 an increase of X%. The export price peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Maldives ($X per ton), while the average price for exports to Vietnam ($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 Thailand (X%), while the prices for the other major destinations experienced a decline.

Poultry Imports

Imports into Sri Lanka

After four years of decline, purchases abroad of poultry increased by X% to X tons in 2022. Overall, imports, however, faced a deep setback. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, poultry imports soared to $X in 2022. In general, imports, however, recorded a abrupt setback. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Thailand (X tons), Brazil (X tons) and the United States (X tons) were the main suppliers of poultry imports to Sri Lanka, together accounting for X% of total imports.

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

In value terms, the largest poultry suppliers to Sri Lanka were Thailand ($X), Brazil ($X) and the United States ($X), with a combined X% share of total imports.

The United States, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average poultry import price stood at $X per ton in 2022, which is down by X% against the previous year. In general, import price indicated a remarkable 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. Based on 2022 figures, poultry import price increased by X% against 2017 indices. The growth pace was the most rapid in 2021 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton, and then fell in the following year.

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 Australia ($X per ton), while the price for Singapore ($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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