Report Update Nov 1, 2024

Sri Lanka - Beef and Veal (Salted, in Brine, Dried or Smoked) - Market Analysis, Forecast, Size, Trends and Insights

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Sri Lanka: Preserved Beef Market 2024

Preserved Beef Market Size in Sri Lanka

In 2021, after four years of growth, there was decline in the Sri Lankan preserved beef market, when its value decreased by -1.6% to $X. The market value increased at an average annual rate of +1.2% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Preserved beef consumption peaked at $X in 2020, and then contracted slightly in the following year.

Preserved Beef Production in Sri Lanka

In value terms, preserved beef production reduced to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.2% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2015 when the production volume increased by 18%. Over the period under review, production attained the maximum level at $X in 2020, and then shrank slightly in the following year.

Preserved Beef Exports

Exports from Sri Lanka

In 2021, overseas shipments of beef and veal (salted, in brine, dried or smoked) increased by 11% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of 8,975% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, preserved beef exports surged to $X in 2021. In general, exports continue to indicate a modest increase. The most prominent rate of growth was recorded in 2014 with an increase of 8,448%. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

Maldives (X tons) was the main destination for preserved beef exports from Sri Lanka, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Maldives was relatively modest.

In value terms, Maldives ($X) also remains the key foreign market for beef and veal (salted, in brine, dried or smoked) exports from Sri Lanka.

From 2012 to 2021, the average annual growth rate of value to Maldives amounted to +1.6%.

Export Prices by Country

In 2021, the average preserved beef export price amounted to $X per ton, increasing by 3.9% against the previous year. In general, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 an increase of 29% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2016 to 2021, the average export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Maldives.

From 2012 to 2021, the rate of growth in terms of prices for Maldives amounted to +0.7% per year.

Preserved Beef Imports

Imports into Sri Lanka

In 2021, approx. X kg of beef and veal (salted, in brine, dried or smoked) were imported into Sri Lanka; with an increase of 101% compared with the previous year. Over the period under review, imports recorded buoyant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, preserved beef imports expanded remarkably to $X in 2021. In general, imports showed a buoyant increase. The pace of growth was the most pronounced in 2019 with an increase of 109%. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

China (X kg) and Switzerland (X kg) were the main suppliers of preserved beef imports to Sri Lanka.

From 2012 to 2021, the biggest increases were recorded for Switzerland (with a CAGR of +6.7%).

In value terms, Switzerland ($X) constituted the largest supplier of beef and veal (salted, in brine, dried or smoked) to Sri Lanka, comprising 94% of total imports. The second position in the ranking was taken by China ($X), with a 5.7% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Switzerland amounted to +6.2%.

Import Prices by Country

In 2021, the average preserved beef import price amounted to $X per ton, waning by -45.7% against the previous year. Over the period under review, the import price recorded a abrupt decrease. The pace of growth was the most pronounced in 2017 when the average import price increased by 71%. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Switzerland ($X per ton), while the price for China stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Switzerland (-0.5%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for beef and veal (salted, in brine, dried or smoked) in the world?

China constituted the country with the largest volume of preserved beef consumption, comprising approx. 18% of total volume. Moreover, preserved beef consumption in China exceeded the figures recorded by the second-largest consumer, India, threefold. The third position in this ranking was occupied by the United States, with a 6.1% share.

What are the largest producers of beef and veal (salted, in brine, dried or smoked) in the world?

The country with the largest volume of preserved beef production was China, comprising approx. 18% of total volume. Moreover, preserved beef production in China exceeded the figures recorded by the second-largest producer, India, threefold. The third position in this ranking was occupied by Italy, with a 6.3% share.

What are the leading suppliers of beef and veal (salted, in brine, dried or smoked) to Sri Lanka?

In value terms, Switzerland constituted the largest supplier of preserved beef to Sri Lanka.

What are the leading importers of beef and veal (salted, in brine, dried or smoked) from Sri Lanka?

In value terms, Maldives remains the key foreign market for preserved beef exports from Sri Lanka.

What is the average export price for beef and veal (salted, in brine, dried or smoked) in Sri Lanka?

In 2021, the average preserved beef export price amounted to $10,834 per ton, remaining stable against the previous year.

What is the average import price for beef and veal (salted, in brine, dried or smoked) in Sri Lanka?

In 2021, the average preserved beef import price amounted to $13,462 per ton, increasing by 3.3% against the previous year.

This report provides an in-depth analysis of the preserved beef market in Sri Lanka. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 10131200 - Beef and veal salted, in brine, dried or smoked

Country coverage:

Sri Lanka

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Sri Lanka
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023