Sri Lanka: Snail Market 2024

Snail Market Size in Sri Lanka

The Sri Lankan snail market expanded markedly to $X in 2022, growing by X% against the previous year. Overall, consumption, however, faced a abrupt decrease. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market remained at a lower figure.

Snail Production in Sri Lanka

In value terms, snail production expanded notably to $X in 2022 estimated in export price. In general, production saw a deep slump. The pace of growth appeared the most rapid in 2015 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2016 to 2022, production growth failed to regain momentum.

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Snail Exports

Exports from Sri Lanka

In 2022, exports of snails (except sea snails) from Sri Lanka contracted to X kg, waning by X% on the previous year. Overall, exports saw a abrupt curtailment. The pace of growth appeared the most rapid in 2015 when exports increased by X%. Over the period under review, the exports attained the maximum at X kg in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, snail exports dropped significantly to $X in 2022. In general, exports saw a abrupt decrease. The pace of growth appeared the most rapid in 2015 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Hong Kong SAR (X kg) was the main destination for snail exports from Sri Lanka, accounting for a X% share of total exports. It was followed by Malaysia (X kg), with a X% share of total exports. Germany (X kg) 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 Hong Kong SAR totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (X% per year) and Germany (X% per year).

In value terms, Hong Kong SAR ($X) remains the key foreign market for snails (except sea snails) exports from Sri Lanka, comprising X% of total exports. The second position in the ranking was held by Malaysia ($X), with a X% share of total exports. It was followed by Germany, with a X% share.

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

Export Prices by Country

In 2022, the average snail export price amounted to $X per ton, reducing by X% against the previous year. Over the period under review, the export price, however, recorded prominent growth. The pace of growth was the most pronounced in 2019 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X,140 per ton), while the average price for exports to Hong Kong SAR ($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 Malaysia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Snail Imports

Imports into Sri Lanka

Snail imports into Sri Lanka surged to X kg in 2017, increasing by X% on 2016 figures. Over the period under review, imports enjoyed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, snail imports surged to $X in 2017. Overall, imports, however, showed a sharp slump. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2017, imports remained at a lower figure.

Imports by Country

In 2017, China (X kg) constituted the largest supplier of snail to Sri Lanka, with a X% share of total imports. Moreover, snail imports from China exceeded the figures recorded by the second-largest supplier, France (X kg), fivefold. The third position in this ranking was taken by Indonesia (X kg), with a X% share.

From 2014 to 2017, the average annual rate of growth in terms of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: France (X% per year) and Indonesia (X% per year).

In value terms, Indonesia ($X) constituted the largest supplier of snails (except sea snails) to Sri Lanka, comprising X% of total imports. The second position in the ranking was taken by Singapore ($X), with a X% share of total imports. It was followed by France, with a X% share.

From 2014 to 2017, the average annual growth rate of value from Indonesia stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (X% per year) and France (X% per year).

Import Prices by Country

In 2017, the average snail import price amounted to $X per ton, reducing by X% against the previous year. In general, the import price showed a dramatic decline. Over the period under review, average import prices reached the maximum at $X per ton in 2014; however, from 2015 to 2017, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2017, amid the top importers, the country with the highest price was Indonesia ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2014 to 2017, the most notable rate of growth in terms of prices was attained by Indonesia (X%).

Source: IndexBox Platform

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