Price for Fish Meal; Fit for Human Consumption in Sri Lanka - 2022

Contents:

1. Price for Fish Meal; Fit for Human Consumption in Sri Lanka (FOB) - 2022
2. Price for Fish Meal; Fit for Human Consumption in Sri Lanka (CIF) - 2022
3. Exports of Fish Meal; Fit for Human Consumption in Sri Lanka
4. Imports of Fish Meal; Fit for Human Consumption in Sri Lanka

Price for Fish Meal; Fit for Human Consumption in Sri Lanka (FOB) - 2022

In 2022, the average export price for fish meal; fit for human consumptia amounted to $40,125 per ton, growing by 274% against the previous year. In general, the export price continues to indicate a strong increase. The pace of growth appeared the most rapid in 2016 when the average export price increased by 473%. The export price peaked in 2022 and is expected to retain growth in years to come.

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 Kuwait ($41,208 per ton), while the average price for exports to Qatar amounted to $2,375 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kuwait (+40.2%), while the prices for the other major destinations experienced mixed trend patterns.

Price for Fish Meal; Fit for Human Consumption in Sri Lanka (CIF) - 2022

In 2022, the average import price for fish meal; fit for human consumptia amounted to $6,833 per ton, with a decrease of -71.9% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 an increase of 46% against the previous year. Over the period under review, average import prices reached the maximum at $24,350 per ton in 2021, and then dropped remarkably in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Singapore ($10,000 per ton), while the price for Thailand ($3,000 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Maldives (+27.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Fish Meal; Fit for Human Consumption in Sri Lanka

In 2022, shipments abroad of fish meal; fit for human consumptia decreased by -69.5% to 287 kg, falling for the second consecutive year after two years of growth. In general, exports faced a sharp descent. The most prominent rate of growth was recorded in 2020 with an increase of 3.7%. As a result, the exports attained the peak of 1.4 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of fish meal; fit for human consumptia totaled $12K in 2022. Overall, exports showed a deep contraction.

Top Export Markets for Fish Meal; Fit for Human Consumption from Sri Lanka in 2022:

1. Kuwait (279.0 kg)
2. Qatar (8.0 kg)

Imports of Fish Meal; Fit for Human Consumption in Sri Lanka

In 2022, supplies from abroad of fish meal; fit for human consumptia decreased by -99.4% to 6 kg, falling for the second year in a row after two years of growth. In general, imports showed a dramatic setback. The growth pace was the most rapid in 2020 with an increase of 75%. As a result, imports attained the peak of 2 tons. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of fish meal; fit for human consumptia fell markedly to $41 in 2022. Over the period under review, imports continue to indicate a sharp slump. The growth pace was the most rapid in 2020 when imports increased by 145% against the previous year. As a result, imports attained the peak of $43K. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

Top Suppliers of Fish Meal; Fit for Human Consumption to Sri Lanka in 2022:

1. Malaysia (4.0 kg)
2. Thailand (1.0 kg)
3. Singapore (1.0 kg)

Source: IndexBox Market Intelligence Platform