Sri Lanka: Potato Chips Market 2024

Potato Chips Market Size in Sri Lanka

The Sri Lankan potato chips market contracted to $X in 2022, declining by -1.5% against the previous year. In general, the total consumption indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +1.4% against 2020 indices. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market remained at a somewhat lower figure.

Potato Chips Production in Sri Lanka

In value terms, potato chips production shrank to $X in 2022 estimated in export price. Over the period under review, the total production indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +2.9% against 2020 indices. The pace of growth appeared the most rapid in 2016 with an increase of 46% against the previous year. Over the period under review, production attained the peak level at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Potato Chips Exports

Exports from Sri Lanka

In 2022, overseas shipments of potato chips decreased by 99.9% to X kg, falling for the second year in a row after two years of growth. Overall, exports saw a sharp decline. The growth pace was the most rapid in 2017 with an increase of 1,903%. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports failed to regain momentum.

In value terms, potato chips exports dropped sharply to $X in 2022. Over the period under review, exports showed a dramatic downturn. The pace of growth appeared the most rapid in 2017 with an increase of 1,444%. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X kg) was the main destination for potato chips exports from Sri Lanka, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to the United Arab Emirates stood at -71.7%.

In value terms, the United Arab Emirates ($X) emerged as the key foreign market for potato chips exports from Sri Lanka.

From 2012 to 2022, the average annual rate of growth in terms of value to the United Arab Emirates stood at -61.9%.

Export Prices by Country

In 2022, the average potato chips export price amounted to $X per ton, increasing by 405% against the previous year. Over the period under review, the export price showed significant growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to +34.8% per year.

Potato Chips Imports

Imports into Sri Lanka

In 2022, the amount of potato chips imported into Sri Lanka reduced remarkably to X tons, falling by -48.7% against the previous year. Over the period under review, imports continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2016 with an increase of 115% against the previous year. As a result, imports reached the peak of X tons. From 2017 to 2022, the growth of imports remained at a lower figure.

In value terms, potato chips imports declined markedly to $X in 2022. In general, imports continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2016 when imports increased by 215% against the previous year. As a result, imports reached the peak of $X. From 2017 to 2022, the growth of imports failed to regain momentum.

Imports by Country

India (X tons), Germany (X tons) and Egypt (X tons) were the main suppliers of potato chips imports to Sri Lanka, together comprising 69% of total imports. Malaysia, Bangladesh, Turkey, the United Arab Emirates, the UK and Singapore lagged somewhat behind, together comprising a further 29%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +1,798.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Malaysia ($X) and Egypt ($X) appeared to be the largest potato chips suppliers to Sri Lanka, together comprising 78% of total imports. India, Bangladesh, Turkey, the United Arab Emirates, the UK and Singapore lagged somewhat behind, together comprising a further 22%.

In terms of the main suppliers, Turkey, with a CAGR of +914.3%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average potato chips import price amounted to $X per ton, with a decrease of -11.2% against the previous year. Over the period under review, import price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when the average import price increased by 47% against the previous year. The import price peaked at $X per ton in 2021, and then declined in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+18.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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