Sri Lanka: Chewing Gum Market 2022

Chewing Gum Market Size in Sri Lanka

In 2021, the sri lankan chewing gum market was finally on the rise to reach $X for the first time since 2017, thus ending a three-year declining trend.In general, consumption, however, continues to indicate a slight decrease.Over the period under review, the market attained the peak level at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Chewing Gum Production in Sri Lanka

In value terms, chewing gum production expanded modestly to $X in 2021 estimated in export price.In general, production, however, continues to indicate a pronounced decline.The pace of growth was the most pronounced in 2014 when the production volume increased by X the period under review, production attained the peak level at $X in 2017; however, from 2018 to 2021, production failed to regain momentum.

Chewing Gum Exports

Exports from Sri Lanka

In 2021, approx. X tons of chewing gum were exported from sri lanka; falling by -X% against the previous year.Over the period under review, exports showed a perceptible downturn.The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year.Over the period under review, the exports attained the peak figure at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, chewing gum exports contracted sharply to $X in 2021.Overall, exports saw a pronounced downturn.The pace of growth appeared the most rapid in 2014 with an increase of X a result, the exports attained the peak of $X. from 2015 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Maldives (X tons), the United Arab Emirates (X tons) and Australia (X tons) were the main destinations of chewing gum exports from Sri Lanka, together comprising X% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Australia (with a CAGR of +X%), while the other leaders experienced mixed trend patterns.

In value terms, Maldives ($X), the United Arab Emirates ($X) and Australia ($X) appeared to be the largest markets for chewing gum exported from Sri Lanka worldwide, together comprising X% of total exports.

In terms of the main countries of destination, Australia, with a CAGR of +X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average chewing gum export price stood at $X per ton in 2021, approximately reflecting the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Maldives ($X per ton), while the average price for exports to Oman ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Maldives (-X%), while the prices for the other major destinations experienced a decline.

Chewing Gum Imports

Imports into Sri Lanka

In 2021, chewing gum imports into sri lanka declined dramatically to X tons, falling by -X% compared with the previous year.Over the period under review, imports continue to indicate a abrupt slump.The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year.Imports peaked at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, chewing gum imports fell significantly to $X in 2021.Overall, imports recorded a abrupt decrease.The pace of growth was the most pronounced in 2018 when imports increased by X a result, imports attained the peak of $X. from 2019 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Saudi arabia (X tons), the United Arab Emirates (X tons) and Pakistan (X kg) were the main suppliers of chewing gum imports to Sri Lanka, together accounting for X% of total imports.

From 2012 to 2021, the biggest increases were in the United Arab Emirates (with a CAGR of +X%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest chewing gum suppliers to Sri Lanka were Saudi Arabia ($X), the United Arab Emirates ($X) and Pakistan ($X), together accounting for X% of total imports.

In terms of the main suppliers, the United Arab Emirates, with a CAGR of +X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average chewing gum import price stood at $X per ton in 2021, falling by -X% against the previous year. In general, the import price saw a abrupt decrease. The most prominent rate of growth was recorded in 2016 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Pakistan ($X per ton), while the price for Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Pakistan (+X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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