Sri Lanka: Preserved Belly Cut Market 2021

Preserved Belly Cut Market Size in Sri Lanka

The Sri Lankan preserved belly cut market shrank to $X in 2020, declining by -X% against the previous year. In general, consumption continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 with an increase of X% y-o-y. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2020, consumption remained at a lower figure.

Preserved Belly Cut Production in Sri Lanka

In value terms, preserved belly cut production contracted to $X in 2020 estimated in export prices. Over the period under review, production saw a slight downturn. The growth pace was the most rapid in 2011 with an increase of X% year-to-year. Over the period under review, production attained the maximum level at $X in 2013; however, from 2014 to 2020, production failed to regain the momentum.

Preserved Belly Cut Exports

Exports from Sri Lanka

In 2020, overseas shipments of hams, shoulders and cuts of swine (salted, in brine, dried or smoked) increased by X% to X tons, rising for the seventh consecutive year after two years of decline. Over the period under review, exports enjoyed a strong expansion. The most prominent rate of growth was recorded in 2008 with an increase of X% y-o-y. Over the period under review, exports hit record highs in 2020 and are expected to retain growth in years to come.

In value terms, preserved belly cut exports soared to $X in 2020. In general, exports saw a prominent expansion. The most prominent rate of growth was recorded in 2011 when exports increased by X% against the previous year. Over the period under review, exports attained the peak figure in 2020 and are expected to retain growth in years to come.

Exports by Country

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

From 2007 to 2020, the average annual rate of growth in terms of volume to Maldives stood at +X%.

In value terms, Maldives ($X) also remains the key foreign market for preserved belly cut exports from Sri Lanka.

From 2007 to 2020, the average annual rate of growth in terms of value to Maldives amounted to +X%.

Export Prices by Country

In 2020, the average preserved belly cut export price amounted to $X per ton, which is down by -X% against the previous year. Overall, the export price saw a abrupt downturn. The growth pace was the most rapid in 2011 an increase of X% year-to-year. Over the period under review, average export prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2020, 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 2007 to 2020, the rate of growth in terms of prices for Maldives amounted to -X% per year.

Preserved Belly Cut Imports

Imports into Sri Lanka

In 2020, preserved belly cut imports into Sri Lanka amounted to X kg, growing by X% on 2019 figures. Over the period under review, imports posted a remarkable increase. The most prominent rate of growth was recorded in 2009 with an increase of X% year-to-year. Imports peaked at X kg in 2014; however, from 2015 to 2020, imports failed to regain the momentum.

In value terms, preserved belly cut imports shrank modestly to $X in 2020. In general, imports enjoyed a prominent expansion. The growth pace was the most rapid in 2009 when imports increased by X% y-o-y. As a result, imports reached the peak of $X. from 2010 to 2020, the growth imports remained at a somewhat lower figure.

Imports by Country

Italy (X kg), Spain (X kg) and Slovenia (X kg) were the main suppliers of preserved belly cut imports to Sri Lanka.

From 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Slovenia, while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest preserved belly cut suppliers to Sri Lanka were Spain ($X), Italy ($X) and Slovenia ($X saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average preserved belly cut import price stood at $X per ton in 2020, waning by -X% against the previous year. In general, the import price, however, saw perceptible growth. The pace of growth was the most pronounced 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 2010; however, from 2011 to 2020, import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Slovenia ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Italy, while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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