Report Update Jan 1, 2025

Sri Lanka - Fresh or Chilled Anchovies - Market Analysis, Forecast, Size, Trends and Insights

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Sri Lanka: Market for Fresh Or Chilled Anchovies 2025

Market Size for Fresh Or Chilled Anchovies in Sri Lanka

The Sri Lankan fresh or chilled anchovies market reduced dramatically to $X in 2021, which is down by -96.2% against the previous year. Overall, consumption recorded a significant contraction. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Fresh Or Chilled Anchovies in Sri Lanka

In value terms, fresh or chilled anchovies production expanded to $X in 2021 estimated in export price. Overall, production showed a perceptible contraction. The pace of growth was the most pronounced in 2017 when the production volume increased by 12%. Over the period under review, production attained the maximum level at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Exports of Fresh Or Chilled Anchovies

Exports from Sri Lanka

Fresh or chilled anchovies exports from Sri Lanka soared to X kg in 2021, growing by 321% on 2020. Over the period under review, exports, however, showed a abrupt contraction. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, fresh or chilled anchovies exports skyrocketed to $X in 2021. In general, exports, however, continue to indicate a dramatic contraction. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Canada (X kg), Belgium (X kg) and Italy (X kg) were the main destinations of fresh or chilled anchovies exports from Sri Lanka, with a combined 84% share of total exports. These countries were followed by France, the United Arab Emirates, Norway and Russia, which together accounted for a further 14%.

From 2012 to 2021, the biggest increases were recorded for France (with a CAGR of +12.1%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Belgium ($X) emerged as the key foreign market for fresh or chilled anchovieses exports from Sri Lanka, comprising 64% of total exports. The second position in the ranking was taken by Italy ($X), with a 21% share of total exports. It was followed by Canada, with an 8.8% share.

From 2012 to 2021, the average annual growth rate of value to Belgium was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (-17.2% per year) and Canada (-41.1% per year).

Export Prices by Country

In 2021, the average fresh or chilled anchovies export price amounted to $X per ton, with a decrease of -11.6% against the previous year. In general, the export price saw a deep contraction. The most prominent rate of growth was recorded in 2017 when the average export price increased by 18%. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to the United Arab Emirates ($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 France (-7.9%), while the prices for the other major destinations experienced a decline.

Imports of Fresh Or Chilled Anchovies

Imports into Sri Lanka

For the ninth consecutive year, Sri Lanka recorded decline in overseas purchases of fresh or chilled anchovieses, which decreased by -19.8% to X kg in 2021. Overall, imports recorded a sharp downturn. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, fresh or chilled anchovies imports contracted remarkably to $X in 2021. Over the period under review, imports showed a dramatic shrinkage. The smallest decline of -20% was in 2020. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2019, India (X kg) was the main fresh or chilled anchovies supplier to Sri Lanka, accounting for a approx. 100% share of total imports.

From 2014 to 2019, the average annual growth rate of volume from India stood at -74.9%.

In value terms, India ($X) constituted the largest supplier of fresh or chilled anchovieses to Sri Lanka.

From 2014 to 2019, the average annual growth rate of value from India stood at -66.3%.

Import Prices by Country

The average fresh or chilled anchovies import price stood at $X per ton in 2019, growing by 72% against the previous year. Overall, import price indicated a pronounced expansion from 2014 to 2019: its price increased at an average annual rate of +3.1% over the last five-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, fresh or chilled anchovies import price increased by +80.6% against 2017 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

As there is only one major supplying country, the average price level is determined by prices for India.

From 2014 to 2019, the rate of growth in terms of prices for India amounted to +34.4% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for fresh or chilled anchovies in the world?

The countries with the highest volumes of in 2021 were Oman, Morocco and Georgia, with a combined 54% share of global consumption. Italy, Peru, Croatia, Spain, Turkey, Greece, the United Arab Emirates and Germany lagged somewhat behind, together accounting for a further 35%.

What are the largest producers of fresh or chilled anchovies in the world?

Oman remains the largest fresh or chilled anchovies producing country worldwide, accounting for 52% of total volume. Moreover, fresh or chilled anchovies production in Oman exceeded the figures recorded by the second-largest producer, Portugal, fourfold. The third position in this ranking was occupied by Georgia, with a 12% share.

What are the leading suppliers of fresh or chilled anchovies to Sri Lanka?

In value terms, India constituted the largest supplier of fresh or chilled anchovies to Sri Lanka.

What are the leading importers of fresh or chilled anchovies from Sri Lanka?

In value terms, the largest markets for fresh or chilled anchovies exported from Sri Lanka were the United Arab Emirates, France and Canada, with a combined 98% share of total exports.

What is the average export price for fresh or chilled anchovies in Sri Lanka?

In 2021, the average fresh or chilled anchovies export price amounted to $4,750 per ton, declining by -2.6% against the previous year.

What is the average import price for fresh or chilled anchovies in Sri Lanka?

In 2017, the average fresh or chilled anchovies import price amounted to $2,707 per ton, dropping by -27.6% against the previous year.

This report provides an in-depth analysis of the market for fresh or chilled anchovies 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:

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 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
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 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
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, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024