Sri Lanka: Market for Prepared Or Preserved Crab Meat 2024

Market Size for Prepared Or Preserved Crab Meat in Sri Lanka

The Sri Lankan market for prepared or preserved crab meat skyrocketed to $X in 2022, increasing by X% 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. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Prepared Or Preserved Crab Meat in Sri Lanka

In value terms, prepared or preserved crab meat production contracted to $X in 2022 estimated in export price. Over the period under review, the total production indicated a temperate increase 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 increased by X% against 2020 indices. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

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Exports of Prepared Or Preserved Crab Meat

Exports from Sri Lanka

In 2022, approx. X tons of prepared or preserved crab meat were exported from Sri Lanka; dropping by X% compared with the previous year's figure. Over the period under review, exports saw a perceptible setback. The growth pace was the most rapid in 2017 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, prepared or preserved crab meat exports reduced notably to $X in 2022. In general, exports, however, posted a perceptible expansion. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X, and then fell rapidly in the following year.

Exports by Country

The United States (X tons) was the main destination for prepared or preserved crab meat exports from Sri Lanka, accounting for a X% share of total exports. Moreover, prepared or preserved crab meat exports to the United States exceeded the volume sent to the second major destination, the UK (X tons), sevenfold. Maldives (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (X% per year) and Maldives (X% per year).

In value terms, the United States ($X) remains the key foreign market for prepared or preserved crab meat exports from Sri Lanka, comprising X% of total exports. The second position in the ranking was taken by the UK ($X), with a X% share of total exports. It was followed by Maldives, with a X% share.

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

Export Prices by Country

The average export price for prepared or preserved crab meat stood at $X per ton in 2022, surging by X% against the previous year. In general, the export price enjoyed moderate growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Thailand ($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 the UK (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Prepared Or Preserved Crab Meat

Imports into Sri Lanka

Prepared or preserved crab meat imports into Sri Lanka fell remarkably to X kg in 2022, shrinking by X% on the year before. Overall, imports recorded a deep setback. The pace of growth appeared the most rapid in 2015 with an increase of X%. As a result, imports attained the peak of X tons. From 2016 to 2022, the growth of imports failed to regain momentum.

In value terms, prepared or preserved crab meat imports fell markedly to $X in 2022. In general, imports showed a precipitous slump. The growth pace was the most rapid in 2015 with an increase of X%. As a result, imports attained the peak of $X. From 2016 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, the United Arab Emirates (X kg) was the main prepared or preserved crab meat supplier to Sri Lanka, accounting for a approx. X% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from the United Arab Emirates was relatively modest.

In value terms, the United Arab Emirates ($X) constituted the largest supplier of prepared or preserved crab meat to Sri Lanka.

From 2012 to 2022, the average annual growth rate of value from the United Arab Emirates was relatively modest.

Import Prices by Country

The average import price for prepared or preserved crab meat stood at $X per ton in 2022, declining by X% against the previous year. In general, the import price showed a precipitous shrinkage. The most prominent rate of growth was recorded in 2013 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a lower figure.

As there is only one major supplying country, 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 Singapore amounted to X% per year.

Source: IndexBox Platform

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