Report Update Jan 1, 2025

Sri Lanka - Pork (Meat of Swine) - Market Analysis, Forecast, Size, Trends and Insights

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Sri Lanka: Pork Market 2025

Pork Market Size in Sri Lanka

In 2022, after five years of growth, there was decline in the Sri Lankan pork market, when its value decreased by -2% to $X. Over the period under review, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Pork Production in Sri Lanka

In value terms, pork production amounted to $X in 2022 estimated in export price. Overall, production saw a perceptible descent. The most prominent rate of growth was recorded in 2018 when the production volume increased by 36%. Pork production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

The average yield of pork in Sri Lanka stood at X kg per head in 2022, approximately reflecting the previous year. Over the period under review, the yield saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the yield increased by 0.1%. Over the period under review, the average pork yield reached the peak level at X kg per head in 2013; however, from 2014 to 2022, the yield stood at a somewhat lower figure.

In 2022, approx. X heads of animals slaughtered for pork production in Sri Lanka; waning by -17.4% compared with the year before. In general, the number of producing animals continues to indicate a slight descent. The pace of growth was the most pronounced in 2021 with an increase of 53%. As a result, the number of animals produced reached the peak level of X heads, and then plummeted in the following year.

Pork Exports

Exports from Sri Lanka

Pork exports from Sri Lanka surged to X tons in 2022, growing by 62% against the previous year. Over the period under review, exports, however, saw a abrupt curtailment. The pace of growth appeared the most rapid in 2019 when exports increased by 144%. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, pork exports surged to $X in 2022. Overall, exports, however, showed a perceptible decrease. The growth pace was the most rapid in 2019 when exports increased by 229% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

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

From 2012 to 2022, the average annual rate of growth in terms of volume to Maldives totaled -2.3%.

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

From 2012 to 2022, the average annual rate of growth in terms of value to Maldives was relatively modest.

Export Prices by Country

The average pork export price stood at $X per ton in 2022, stabilizing at the previous year. Over the period under review, the export price saw a measured increase. The pace of growth was the most pronounced in 2019 an increase of 35%. As a result, the export price attained the peak level of $X per ton; afterwards, it flattened through to 2022.

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

From 2012 to 2022, the rate of growth in terms of prices for India amounted to +12.2% per year.

Pork Imports

Imports into Sri Lanka

In 2022, purchases abroad of pork increased by 43% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, imports showed buoyant growth. The pace of growth appeared the most rapid in 2014 with an increase of 199% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, pork imports skyrocketed to $X in 2022. In general, imports recorded strong growth. The pace of growth appeared the most rapid in 2014 when imports increased by 195% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Brazil (X tons) constituted the largest supplier of pork to Sri Lanka, with a 66% share of total imports. Moreover, pork imports from Brazil exceeded the figures recorded by the second-largest supplier, Spain (X tons), twofold.

From 2012 to 2022, the average annual growth rate of volume from Brazil amounted to +25.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+113.2% per year) and Italy (+23.7% per year).

In value terms, Brazil ($X) constituted the largest supplier of pork to Sri Lanka, comprising 69% of total imports. The second position in the ranking was held by Spain ($X), with a 27% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Brazil totaled +24.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+113.1% per year) and Italy (+22.7% per year).

Import Prices by Country

In 2022, the average pork import price amounted to $X per ton, jumping by 23% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the average import price increased by 29%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+19.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for pork in the world?

China constituted the country with the largest volume of pork consumption, comprising approx. 42% of total volume. Moreover, pork consumption in China exceeded the figures recorded by the second-largest consumer, the United States, fourfold. The third position in this ranking was occupied by Germany, with a 3.9% share.

What are the largest producers of pork in the world?

China constituted the country with the largest volume of pork production, comprising approx. 38% of total volume. Moreover, pork production in China exceeded the figures recorded by the second-largest producer, the United States, threefold. The third position in this ranking was occupied by Germany, with a 4.7% share.

What are the leading suppliers of pork to Sri Lanka?

In value terms, Spain constituted the largest supplier of pork to Sri Lanka, comprising 90% of total imports. The second position in the ranking was occupied by the United States, with a 6% share of total imports.

What are the leading importers of pork from Sri Lanka?

In value terms, Maldives remains the key foreign market for pork exports from Sri Lanka, comprising 85% of total exports. The second position in the ranking was occupied by India, with a 15% share of total exports.

What is the average export price for pork in Sri Lanka?

The average pork export price stood at $4,589 per ton in 2021, increasing by 1.9% against the previous year.

What is the average import price for pork in Sri Lanka?

The average pork import price stood at $3,493 per ton in 2021, with a decrease of -3.2% against the previous year.

This report provides an in-depth analysis of the pork 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:

FCL 1035 - Pig meat

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. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. 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, PRODUCING ANIMALS AND YIELD
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. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2024
23. Production, In Value Terms, 2012–2024
24. Producing Animals Slaughtered, 2012–2024
25. Yield, 2012–2024
26. Imports, In Physical Terms, 2012–2024
27. Imports, In Value Terms, 2012–2024
28. Imports, In Physical Terms, By Country, 2024
29. Imports, In Physical Terms, By Country, 2012–2024
30. Imports, In Value Terms, By Country, 2012–2024
31. Import Prices, By Country Of Origin, 2012–2024
32. Exports, In Physical Terms, 2012–2024
33. Exports, In Value Terms, 2012–2024
34. Exports, In Physical Terms, By Country, 2024
35. Exports, In Physical Terms, By Country, 2012–2024
36. Exports, In Value Terms, By Country, 2012–2024
37. Export Prices, By Country Of Destination, 2012–2024