Sri Lanka: Sausage Market 2024

Sausage Market Size in Sri Lanka

The Sri Lankan sausage market amounted to $X in 2022, picking up by X% against the previous year. Over the period under review, the total consumption indicated strong 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 attained the maximum level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Sausage Production in Sri Lanka

In value terms, sausage production rose modestly to $X in 2022 estimated in export price. Overall, the total production indicated a resilient 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 decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, production reached the maximum level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

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Sausage Exports

Exports from Sri Lanka

In 2022, the amount of sausages and similar products of meat exported from Sri Lanka fell markedly to X tons, waning by X% against 2021. Overall, exports recorded a deep setback. The pace of growth appeared the most rapid in 2021 with an increase of X%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, sausage exports shrank remarkably to $X in 2022. Over the period under review, exports recorded a pronounced decline. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Maldives (X tons) was the main destination for sausage exports from Sri Lanka, with a X% share of total exports. Moreover, sausage exports to Maldives exceeded the volume sent to the second major destination, India (X tons), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Maldives amounted to X%.

In value terms, Maldives ($X) remains the key foreign market for sausages and similar products of meat exports from Sri Lanka, comprising X% of total exports. The second position in the ranking was taken by India ($X), with a X% share of total exports.

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

Export Prices by Country

In 2022, the average sausage export price amounted to $X per ton, rising by X% against the previous year. Overall, export price indicated resilient growth 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, sausage export price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2015 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to see steady 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 Maldives ($X per ton), while the average price for exports to India amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Seychelles (X%), while the prices for the other major destinations experienced more modest paces of growth.

Sausage Imports

Imports into Sri Lanka

In 2022, sausage imports into Sri Lanka declined markedly to X kg, which is down by X% on the previous year's figure. Over the period under review, imports recorded a dramatic curtailment. The growth pace was the most rapid in 2018 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, sausage imports shrank notably to $X in 2022. Overall, imports faced a significant curtailment. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, China (X kg) was the main sausage supplier to Sri Lanka, with a approx. X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to X%.

In value terms, China ($X) constituted the largest supplier of sausages and similar products of meat to Sri Lanka.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at X%.

Import Prices by Country

The average sausage import price stood at $X per ton in 2022, declining by X% against the previous year. Over the period under review, the import price, however, enjoyed a notable increase. The pace of growth appeared the most rapid in 2016 an increase of X% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for China.

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

Source: IndexBox Platform

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