Price for Food Preparations Not Elsewhere Specified or Included in Sri Lanka - 2022
Contents:
- Price for Food Preparations Not Elsewhere Specified or Included in Sri Lanka (FOB) - 2022
- Price for Food Preparations Not Elsewhere Specified or Included in Sri Lanka (CIF) - 2022
- Exports of Food Preparations Not Elsewhere Specified or Included in Sri Lanka
- Imports of Food Preparations Not Elsewhere Specified or Included in Sri Lanka
Price for Food Preparations Not Elsewhere Specified or Included in Sri Lanka (FOB) - 2022
In 2022, the average export price for food preparations not elsewhere specified or included amounted to $7,957 per ton, rising by 41% against the previous year. Over the period under review, the export price enjoyed a strong increase. The pace of growth was the most pronounced in 2019 an increase of 60% against the previous year. The export price peaked in 2022 and is likely to see steady growth in the near future.
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 India ($30,562 per ton), while the average price for exports to Maldives ($2,077 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 India (+30.3%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Food Preparations Not Elsewhere Specified or Included in Sri Lanka (CIF) - 2022
The average import price for food preparations not elsewhere specified or included stood at $5,943 per ton in 2022, dropping by -22.3% against the previous year. Over the last decade, it increased at an average annual rate of +2.0%. The most prominent rate of growth was recorded in 2021 an increase of 39% against the previous year. As a result, import price reached the peak level of $7,647 per ton, and then shrank markedly in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Indonesia ($15,535 per ton), while the price for South Korea ($1,533 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+18.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Food Preparations Not Elsewhere Specified or Included in Sri Lanka
In 2022, exports of food preparations not elsewhere specified or included from Sri Lanka declined sharply to 9.1K tons, with a decrease of -35.1% on 2021. In general, exports saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 24%.
In value terms, exports of food preparations not elsewhere specified or included declined to $72M in 2022. Overall, exports showed a slight shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 12%. As a result, the exports attained the peak of $79M, and then shrank in the following year.
| Export of Food Preparations Not Elsewhere Specified or Included in Sri Lanka (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Cyprus | 0.1 | 3.0 | 0.2 | 12.1 | 394.6% |
| United States | 7.9 | 5.9 | 7.5 | 6.3 | -7.3% |
| Australia | 4.8 | 4.3 | 6.0 | 5.7 | 5.9% |
| Netherlands | 4.7 | 4.0 | 5.3 | 5.7 | 6.6% |
| Bahrain | 0.3 | 2.8 | 3.8 | 5.1 | 157.1% |
| United Arab Emirates | 3.8 | 9.6 | 12.7 | 4.3 | 4.2% |
| United Kingdom | 5.7 | 6.9 | 2.1 | 3.7 | -13.4% |
| Maldives | 4.3 | 4.6 | 7.3 | 2.3 | -18.8% |
| Germany | 3.0 | 1.5 | 1.8 | 2.1 | -11.2% |
| Italy | 0.4 | 0.4 | 0.7 | 1.8 | 65.1% |
| Canada | 1.2 | 1.1 | 0.9 | 1.3 | 2.7% |
| France | 0.5 | 0.3 | 0.7 | 1.0 | 26.0% |
| Others | 38.0 | 26.3 | 29.6 | 20.8 | -18.2% |
| Total | 74.7 | 70.6 | 78.8 | 72.2 | -1.1% |
Top Export Markets for Food Preparations Not Elsewhere Specified or Included from Sri Lanka in 2022:
- United States (1834.0 tons)
- Maldives (1122.7 tons)
- United Arab Emirates (881.1 tons)
- Netherlands (877.8 tons)
- Australia (722.1 tons)
- United Kingdom (480.6 tons)
- Cyprus (463.7 tons)
- Italy (408.8 tons)
- Bahrain (266.7 tons)
- Germany (263.2 tons)
- Canada (244.7 tons)
- France (158.9 tons)
Imports of Food Preparations Not Elsewhere Specified or Included in Sri Lanka
In 2022, approx. 8.7K tons of food preparations not elsewhere specified or included were imported into Sri Lanka; shrinking by -17.8% on the previous year's figure. Over the period under review, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 27%. As a result, imports attained the peak of 11K tons, and then fell significantly in the following year.
In value terms, imports of food preparations not elsewhere specified or included contracted sharply to $52M in 2022. In general, imports, however, continue to indicate noticeable growth. The most prominent rate of growth was recorded in 2021 with an increase of 76%. As a result, imports attained the peak of $81M, and then shrank dramatically in the following year.
| Import of Food Preparations Not Elsewhere Specified or Included in Sri Lanka (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 6.2 | 6.0 | 8.6 | 13.2 | 28.6% |
| Germany | 2.8 | 2.6 | 3.3 | 5.3 | 23.7% |
| United Kingdom | 1.7 | 1.8 | 3.0 | 4.7 | 40.4% |
| Singapore | 9.8 | 12.6 | 16.8 | 4.2 | -24.6% |
| Australia | 1.8 | 0.5 | 1.0 | 3.9 | 29.4% |
| Indonesia | 0.2 | 0.2 | 0.2 | 3.7 | 164.5% |
| Denmark | 2.8 | 2.6 | 2.4 | 2.4 | -5.0% |
| China | 1.1 | 1.3 | 1.4 | 2.1 | 24.1% |
| United States | 2.3 | 2.4 | 2.0 | 1.8 | -7.8% |
| Netherlands | 0.7 | 0.7 | 0.8 | 1.5 | 28.9% |
| Thailand | 1.6 | 1.0 | 2.5 | 1.3 | -6.7% |
| Malaysia | 1.6 | 1.8 | 2.0 | 1.2 | -9.1% |
| South Korea | 0.2 | 0.1 | 0.1 | 0.6 | 44.2% |
| Others | 13.5 | 12.3 | 36.9 | 5.8 | -24.5% |
| Total | 46.2 | 45.9 | 80.9 | 51.7 | 3.8% |
Top Suppliers of Food Preparations Not Elsewhere Specified or Included to Sri Lanka in 2022:
- India (1449.7 tons)
- Denmark (1211.4 tons)
- United Kingdom (789.7 tons)
- Australia (648.9 tons)
- China (594.2 tons)
- Malaysia (569.7 tons)
- Singapore (541.3 tons)
- Germany (523.4 tons)
- Netherlands (452.7 tons)
- South Korea (374.9 tons)
- Thailand (250.3 tons)
- Indonesia (236.0 tons)
- United States (184.4 tons)
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