Price for Crustacean Preparations; Lobster, Prepared or Preserved in Sri Lanka - 2022
Contents:
- Price for Crustacean Preparations; Lobster, Prepared or Preserved in Sri Lanka (FOB) - 2022
- Price for Crustacean Preparations; Lobster, Prepared or Preserved in Sri Lanka (CIF) - 2022
- Exports of Crustacean Preparations; Lobster, Prepared or Preserved in Sri Lanka
- Imports of Crustacean Preparations; Lobster, Prepared or Preserved in Sri Lanka
Price for Crustacean Preparations; Lobster, Prepared or Preserved in Sri Lanka (FOB) - 2022
In 2022, the average export price for crustacean preparations; lobster, prepared or preserveds amounted to $16,866 per ton, leveling off at the previous year. Overall, the export price enjoyed buoyant growth. The pace of growth appeared the most rapid in 2017 when the average export price increased by 101% against the previous year. As a result, the export price attained the peak level of $19,204 per ton. From 2018 to 2022, the average export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Maldives.
From 2012 to 2022, the rate of growth in terms of prices for Maldives amounted to +8.3% per year.
Price for Crustacean Preparations; Lobster, Prepared or Preserved in Sri Lanka (CIF) - 2022
In 2022, the average import price for crustacean preparations; lobster, prepared or preserveds amounted to $4,959 per ton, flattening at the previous year. In general, the import price recorded a sharp descent. The growth pace was the most rapid in 2018 an increase of 16% against the previous year. Over the period under review, average import prices attained the maximum at $49,060 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for Singapore.
From 2012 to 2022, the rate of growth in terms of prices for Singapore amounted to -20.5% per year.
Exports of Crustacean Preparations; Lobster, Prepared or Preserved in Sri Lanka
In 2022, the amount of crustacean preparations; lobster, prepared or preserveds exported from Sri Lanka amounted to 67 kg, remaining stable against the previous year. Overall, exports recorded a relatively flat trend pattern. The exports peaked in 2022 and are likely to see steady growth in the immediate term.
In value terms, exports of crustacean preparations; lobster, prepared or preserveds totaled $1.1K in 2022. Over the period under review, exports showed a relatively flat trend pattern. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Crustacean Preparations; Lobster, Prepared or Preserved in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Maldives | 1.1 | 1.1 | 1.1 | 1.1 | 0.0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 1.1 | 1.1 | 1.1 | 1.1 | 0.0% |
Top Export Markets for Crustacean Preparations; Lobster, Prepared or Preserved from Sri Lanka in 2022:
- Maldives (67.0 kg)
Imports of Crustacean Preparations; Lobster, Prepared or Preserved in Sri Lanka
For the third year in a row, Sri Lanka recorded decline in overseas purchases of crustacean preparations; lobster, prepared or preserveds, which decreased by -41% to 49 kg in 2022. Over the period under review, imports continue to indicate a precipitous slump. The smallest decline of -22.9% was in 2020.
In value terms, imports of crustacean preparations; lobster, prepared or preserveds contracted remarkably to $243 in 2022. In general, imports continue to indicate a sharp shrinkage. The smallest decline of -23.5% was in 2021.
| Import of Crustacean Preparations; Lobster, Prepared or Preserved in Sri Lanka (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 713 | 532 | 417 | 243 | -30.1% |
| Others | N/A | 13.0 | N/A | N/A | 0% |
| Total | 713 | 545 | 417 | 243 | -30.1% |
Top Suppliers of Crustacean Preparations; Lobster, Prepared or Preserved to Sri Lanka in 2022:
- Singapore (49.0 kg)
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