Shrimp Price in Sri Lanka - 2021
Contents:
- Shrimp Price in Sri Lanka (FOB) - 2022
- Shrimp Price in Sri Lanka (CIF) - 2022
- Shrimp Exports in Sri Lanka
- Shrimp Imports in Sri Lanka
Shrimp Price in Sri Lanka (FOB) - 2022
In 2022, the average shrimp export price amounted to $9,713 per ton, remaining relatively unchanged against the previous year. In general, the export price, however, continues to indicate a mild slump. The growth pace was the most rapid in 2019 when the average export price increased by 102% against the previous year. The export price peaked at $12,880 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Thailand ($19,771 per ton), while the average price for exports to the United Arab Emirates ($2,416 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 Thailand (+6.5%), while the prices for the other major destinations experienced more modest paces of growth.
Shrimp Price in Sri Lanka (CIF) - 2022
The average shrimp import price stood at $3,668 per ton in 2022, growing by 2.9% against the previous year. Over the period under review, the import price saw buoyant growth. The pace of growth was the most pronounced in 2013 an increase of 237% against the previous year. As a result, import price attained the peak level of $6,239 per ton. From 2014 to 2022, the average import prices failed to regain momentum.
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 the United States ($13,106 per ton), while the price for India ($1,845 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+10.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Shrimp Exports in Sri Lanka
In 2022, shrimp exports from Sri Lanka expanded modestly to 4.9K tons, with an increase of 2.2% on the previous year's figure. In general, exports recorded significant growth. The pace of growth was the most pronounced in 2021 with an increase of 155%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.
In value terms, shrimp exports amounted to $47M in 2022. Over the period under review, exports enjoyed significant growth. The pace of growth was the most pronounced in 2021 when exports increased by 153%. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in years to come.
| Export of Shrimp in Sri Lanka (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 10.5 | 10.5 | 21.4 | 22.5 | 28.9% |
| United States | 1.1 | 1.2 | 8.9 | 9.3 | 103.7% |
| United Kingdom | 0.1 | 0.7 | 2.9 | 3.0 | 210.7% |
| Thailand | 3.4 | 1.7 | 2.8 | 3.0 | -4.1% |
| United Arab Emirates | 1.1 | 0.5 | 2.0 | 2.1 | 24.1% |
| Maldives | 1.7 | 0.7 | 1.9 | 2.0 | 5.6% |
| Belgium | N/A | 0.2 | 1.5 | 1.6 | 182.8% |
| Portugal | 0.5 | 0.7 | 0.3 | 0.5 | 0.0% |
| Others | 1.3 | 1.9 | 3.9 | 3.3 | 36.4% |
| Total | 19.8 | 18.1 | 45.7 | 47.3 | 33.7% |
Top Export Markets for Shrimp from Sri Lanka in 2022:
- Japan (1857.1 tons)
- United Arab Emirates (874.4 tons)
- United States (791.6 tons)
- United Kingdom (305.9 tons)
- Maldives (239.3 tons)
- Belgium (185.6 tons)
- Thailand (151.0 tons)
- Portugal (132.1 tons)
Shrimp Imports in Sri Lanka
In 2022, shrimp imports into Sri Lanka rose significantly to 970 tons, increasing by 13% against the year before. Overall, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +11.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +50.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 34%. Over the period under review, imports attained the maximum in 2022 and are likely to continue growth in the near future.
In value terms, shrimp imports skyrocketed to $3.6M in 2022. In general, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +18.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +66.6% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 44% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.
| Import of Shrimp in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 934 | 899 | 1,149 | 1,356 | 13.2% |
| China | 616 | 457 | 663 | 782 | 8.3% |
| Vietnam | 24.0 | 179 | 487 | 574 | 188.1% |
| United States | 249 | 453 | 451 | 532 | 28.8% |
| Thailand | 89.5 | 113 | 217 | 256 | 42.0% |
| Others | 231 | 34.6 | 109 | 57.7 | -37.0% |
| Total | 2,143 | 2,137 | 3,075 | 3,559 | 18.4% |
Top Suppliers of Shrimp to Sri Lanka in 2022:
- India (734.9 tons)
- China (65.4 tons)
- Vietnam (64.8 tons)
- Thailand (48.8 tons)
- United States (40.6 tons)
533
This report provides an in-depth analysis of the market for crab and crab meat in Sri Lanka.
337
This report provides an in-depth analysis of the frozen crustaceans market in Sri Lanka.
404
This report provides an in-depth analysis of the crabs, not frozen market in Sri Lanka.
347
This report provides an in-depth analysis of the frozen norway lobster market in Sri Lanka.
292
This report provides an in-depth analysis of the market for frozen crab and crab meat in Sri Lanka.
295
This report provides an in-depth analysis of the frozen lobster market in Sri Lanka.
1854
This report provides an in-depth analysis of the global market for crab and crab meat.
1456
This report provides an in-depth analysis of the global frozen crustaceans market.
338
This report provides an in-depth analysis of the global crabs, not frozen market.
394
This report provides an in-depth analysis of the global frozen norway lobster market.
545
Explore the world's best import markets for crab and crab meat, including the United States, China, South Korea, and more. Discover key statistics and market insights.
916
In 2020, the production and export of frozen crab and crab meat declined worldwide; the fall in sales incurred by the closure of the HoReCa segment, however, was offset by the surge in demand from retail consumers. Global imports fell against previous year figures, but demand from the USA, a major importer, remained robust.
411
Explore the top import markets for frozen crustaceans, including the United States, China, and Japan. Find key statistics and insights on the global market for these delectable seafood delicacies.
2515
This year, the average annual shrimp price is forecast to soar by 7% y-o-y to $15 per kg. High freight rates, the rising cost of marine fuels and boosting global demand for crustaceans remain the key reasons for the price increases. In 2021, the average annual shrimp price ($12.7 per kg) was approximately 10% higher than those of 2020.
495
Explore the top import markets for Frozen Crab and Crab Meat, including the United States, Japan, China, and more. Discover key statistics and trends in the global crab meat industry.
130
Explore the top import markets for frozen lobster around the world and discover key statistics and trends in the global seafood industry.
1734
In value terms, molluscs imports amounted to $X in 2016. The total import value increased at an average annual rate of +X% from 2007 to 2016; the trend pattern indicated some noticeable fluctuati...
1965
In value terms, molluscs exports amounted to $X in 2016. The total export value increased at an average annual rate of +X% from 2007 to 2016; the trend pattern indicated some noticeable fluctuatio...
545
Explore the world's best import markets for crab and crab meat, including the United States, China, South Korea, and more. Discover key statistics and market insights.
916
In 2020, the production and export of frozen crab and crab meat declined worldwide; the fall in sales incurred by the closure of the HoReCa segment, however, was offset by the surge in demand from retail consumers. Global imports fell against previous year figures, but demand from the USA, a major importer, remained robust.
