Price for Protein; Concentrates and Textured Protein Substances in Sri Lanka - 2022
Contents:
- Price for Protein; Concentrates and Textured Protein Substances in Sri Lanka (FOB) - 2022
- Price for Protein; Concentrates and Textured Protein Substances in Sri Lanka (CIF) - 2022
- Exports of Protein; Concentrates and Textured Protein Substances in Sri Lanka
- Imports of Protein; Concentrates and Textured Protein Substances in Sri Lanka
Price for Protein; Concentrates and Textured Protein Substances in Sri Lanka (FOB) - 2022
In 2022, the average export price for protein; concentrates and textured protein substanceses amounted to $3,310 per ton, declining by -10.1% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the average export price increased by 28%. As a result, the export price attained the peak level of $5,143 per ton. From 2020 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Qatar ($4,452 per ton), while the average price for exports to Jordan ($1,628 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 Qatar (+9.8%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Protein; Concentrates and Textured Protein Substances in Sri Lanka (CIF) - 2022
In 2022, the average import price for protein; concentrates and textured protein substanceses amounted to $1,971 per ton, which is down by -51.7% against the previous year. In general, the import price saw a pronounced shrinkage. The most prominent rate of growth was recorded in 2019 an increase of 262% against the previous year. As a result, import price attained the peak level of $7,383 per ton. From 2020 to 2022, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Spain ($13,830 per ton), while the price for the United States ($935 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+19.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Protein; Concentrates and Textured Protein Substances in Sri Lanka
In 2022, the amount of protein; concentrates and textured protein substanceses exported from Sri Lanka soared to 285 tons, growing by 318% compared with the year before. Overall, exports continue to indicate significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of protein; concentrates and textured protein substanceses soared to $942K in 2022. Over the period under review, exports saw a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Protein; Concentrates and Textured Protein Substances in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 22.6 | 28.0 | 13.5 | 189 | 103.0% |
| United Kingdom | 67.8 | 58.5 | 53.7 | 176 | 37.4% |
| Qatar | 19.9 | 17.9 | 18.7 | 89.8 | 65.2% |
| Canada | 34.5 | 24.0 | 18.2 | 73.8 | 28.8% |
| Italy | 28.8 | 20.5 | 18.2 | 59.2 | 27.1% |
| France | 18.3 | 11.3 | 11.7 | 51.7 | 41.4% |
| Australia | 27.5 | 36.9 | 23.3 | 51.5 | 23.3% |
| South Korea | 21.2 | 11.8 | 10.6 | 45.9 | 29.4% |
| Germany | 7.6 | 7.0 | 6.6 | 35.0 | 66.4% |
| Kuwait | 5.0 | 6.3 | 14.0 | 25.7 | 72.6% |
| Japan | 19.1 | 8.4 | 7.8 | 23.8 | 7.6% |
| United States | 7.9 | 9.0 | 6.5 | 16.7 | 28.3% |
| Jordan | 6.0 | 3.6 | 4.8 | 10.9 | 22.0% |
| Others | 75.4 | 62.9 | 43.4 | 92.2 | 6.9% |
| Total | 362 | 306 | 251 | 942 | 37.5% |
Top Export Markets for Protein; Concentrates and Textured Protein Substances from Sri Lanka in 2022:
- United Arab Emirates (55.4 tons)
- United Kingdom (43.0 tons)
- Canada (40.8 tons)
- Qatar (20.2 tons)
- South Korea (16.5 tons)
- France (16.0 tons)
- Italy (15.4 tons)
- Australia (15.0 tons)
- Japan (9.2 tons)
- Germany (9.1 tons)
- Kuwait (6.8 tons)
- Jordan (6.7 tons)
- United States (6.4 tons)
Imports of Protein; Concentrates and Textured Protein Substances in Sri Lanka
Imports of protein; concentrates and textured protein substanceses into Sri Lanka skyrocketed to 162 tons in 2022, picking up by 60% compared with the year before. Over the period under review, imports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 135%. As a result, imports attained the peak of 178 tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of protein; concentrates and textured protein substanceses contracted notably to $319K in 2022. In general, imports, however, showed a deep contraction. The most prominent rate of growth was recorded in 2020 with an increase of 100%. As a result, imports attained the peak of $1.1M. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Protein; Concentrates and Textured Protein Substances in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 16.8 | 37.9 | 11.3 | 199 | 128.0% |
| Malaysia | 273 | 631 | 237 | 53.1 | -42.1% |
| United Arab Emirates | 9.1 | 62.9 | 44.3 | 20.6 | 31.3% |
| India | 149 | 171 | 28.6 | 12.6 | -56.1% |
| United States | 5.7 | 49.8 | 33.5 | 4.4 | -8.3% |
| Singapore | 20.2 | 15.8 | 3.6 | 2.5 | -50.2% |
| Poland | 2.4 | 17.4 | 8.1 | N/A | 83.7% |
| Others | 83.2 | 129 | 46.6 | 26.1 | -32.1% |
| Total | 559 | 1,115 | 413 | 319 | -17.1% |
Top Suppliers of Protein; Concentrates and Textured Protein Substances to Sri Lanka in 2022:
- China (134.4 tons)
- Malaysia (7.5 tons)
- India (7.0 tons)
- United States (4.7 tons)
- United Arab Emirates (3.9 tons)
- Singapore (0.4 tons)
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