Report Update Nov 1, 2024

Sri Lanka - Molluscs (Scallops, Mussels, Cuttle Fish, Squid and Octopus) - Market Analysis, Forecast, Size, Trends and Insights

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Sri Lanka: Molluscs Market 2024

Molluscs Market Size in Sri Lanka

The Sri Lankan molluscs market contracted modestly to $X in 2021, waning by -4.2% against the previous year. In general, consumption showed a perceptible downturn. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Molluscs Production in Sri Lanka

In value terms, molluscs production contracted slightly to $X in 2021 estimated in export price. Over the period under review, production saw a mild setback. The pace of growth appeared the most rapid in 2013 with an increase of 18% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2021, production growth remained at a somewhat lower figure.

Molluscs Exports

Exports from Sri Lanka

Molluscs exports from Sri Lanka soared to X tons in 2021, jumping by 39% against the previous year's figure. Overall, exports, however, saw a abrupt decrease. The pace of growth appeared the most rapid in 2017 when exports increased by 40%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, molluscs exports soared to $X in 2021. In general, exports, however, saw a deep setback. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Vietnam (X tons), China (X tons) and the United States (X tons) were the main destinations of molluscs exports from Sri Lanka, together comprising 56% of total exports.

From 2012 to 2021, the biggest increases were recorded for Vietnam (with a CAGR of +12.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), China ($X) and the UK ($X) were the largest markets for molluscs exported from Sri Lanka worldwide, together accounting for 50% of total exports.

In terms of the main countries of destination, China, with a CAGR of +18.6%, recorded the highest rates of growth with regard to 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 molluscs export price stood at $X per ton in 2021, rising by 4.1% against the previous year. Overall, the export price, however, saw a abrupt slump. The growth pace was the most rapid in 2013 when the average export price increased by 9.7%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Vietnam ($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 China (+9.1%), while the prices for the other major destinations experienced more modest paces of growth.

Molluscs Imports

Imports into Sri Lanka

After eight years of decline, supplies from abroad of molluscs (scallops, mussels, cuttle fish, squid and octopus) increased by 25% to X tons in 2021. Over the period under review, imports, however, faced a abrupt shrinkage. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, molluscs imports surged to $X in 2021. In general, imports, however, continue to indicate a abrupt curtailment. Imports peaked at $X in 2017; however, from 2018 to 2021, imports failed to regain momentum.

Imports by Country

China (X tons), Argentina (X tons) and Indonesia (X tons) were the main suppliers of molluscs imports to Sri Lanka, together accounting for 80% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Indonesia (with a CAGR of +5.6%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest molluscs suppliers to Sri Lanka were China ($X), Argentina ($X) and Taiwan (Chinese) ($X), together accounting for 70% of total imports.

Taiwan (Chinese), with a CAGR of +5.0%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average molluscs import price stood at $X per ton in 2021, waning by -1.6% against the previous year. Over the period under review, the import price, however, showed slight growth. The most prominent rate of growth was recorded in 2016 when the average import price increased by 44%. Over the period under review, average import prices reached the peak figure at $X per ton in 2017; however, from 2018 to 2021, import prices remained at a 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 Pakistan ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bahrain (+13.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for molluscs (scallops, mussels, cuttle fish, squid and octopus) in the world?

China constituted the country with the largest volume of molluscs consumption, comprising approx. 17% of total volume. Moreover, molluscs consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. India ranked third in terms of total consumption with a 6.3% share.

What are the largest producers of molluscs (scallops, mussels, cuttle fish, squid and octopus) in the world?

China constituted the country with the largest volume of molluscs production, comprising approx. 17% of total volume. Moreover, molluscs production in China exceeded the figures recorded by the second-largest producer, India, twofold. The third position in this ranking was occupied by the United States, with a 6.7% share.

What are the leading suppliers of molluscs (scallops, mussels, cuttle fish, squid and octopus) to Sri Lanka?

In value terms, China constituted the largest supplier of molluscs to Sri Lanka, comprising 79% of total imports. The second position in the ranking was occupied by Argentina, with a 3.9% share of total imports. It was followed by the United States, with a 3.5% share.

What are the leading importers of molluscs (scallops, mussels, cuttle fish, squid and octopus) from Sri Lanka?

In value terms, Vietnam, Japan and China appeared to be the largest markets for molluscs exported from Sri Lanka worldwide, together comprising 44% of total exports.

What is the average export price for molluscs (scallops, mussels, cuttle fish, squid and octopus) in Sri Lanka?

In 2021, the average molluscs export price amounted to $5,766 per ton, picking up by 6.9% against the previous year.

What is the average import price for molluscs (scallops, mussels, cuttle fish, squid and octopus) in Sri Lanka?

In 2021, the average molluscs import price amounted to $2,987 per ton, reducing by -27.6% against the previous year.

This report provides an in-depth analysis of the molluscs 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 10203200 - Molluscs (scallops, mussels, cuttle fish, squid and octopus), frozen, dried, smoked, salted or in brine

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
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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