Report Update Nov 1, 2024

Sri Lanka - Sardines (Prepared or Preserved) - Market Analysis, Forecast, Size, Trends and Insights

Single report

Sent by email within 24h (Mon-Fri)

$599 Basic Edition

$2095 Professional Edition

What's the difference?

Subscription

Online access and download

from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Sri Lanka: Preserved Sardines Market 2024

Preserved Sardines Market Size in Sri Lanka

The Sri Lankan preserved sardines market declined notably to $X in 2022, waning by -18% against the previous year. Overall, consumption, however, showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Preserved Sardines Production in Sri Lanka

In value terms, preserved sardines production shrank to $X in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 with an increase of 30% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Preserved Sardines Exports

Exports from Sri Lanka

After two years of growth, shipments abroad of sardines (prepared or preserved) decreased by -39.9% to X tons in 2022. Overall, exports, however, continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2016 when exports increased by 378% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2021, and then reduced remarkably in the following year.

In value terms, preserved sardines exports soared to $X in 2022. Over the period under review, exports, however, saw a resilient increase. The most prominent rate of growth was recorded in 2020 with an increase of 448% against the previous year. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Australia (X tons), Singapore (X tons) and New Zealand (X kg) were the main destinations of preserved sardines exports from Sri Lanka, together comprising 100% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by New Zealand (with a CAGR of +41.3%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for preserved sardines exported from Sri Lanka were Singapore ($X), Australia ($X) and New Zealand ($X), with a combined 99.9% share of total exports.

New Zealand, with a CAGR of +42.9%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average preserved sardines export price amounted to $X per ton, rising by 175% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was New Zealand ($X per ton), while the average price for exports to Australia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+33.7%), while the prices for the other major destinations experienced more modest paces of growth.

Preserved Sardines Imports

Imports into Sri Lanka

In 2022, supplies from abroad of sardines (prepared or preserved) decreased by -99.3% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, imports recorded a precipitous shrinkage. The pace of growth was the most pronounced in 2013 with an increase of 610%. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, preserved sardines imports dropped markedly to $X in 2022. Over the period under review, imports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2013 with an increase of 392% against the previous year. Imports peaked at $X in 2021, and then contracted remarkably in the following year.

Imports by Country

In 2022, Latvia (X tons) constituted the largest preserved sardines supplier to Sri Lanka, accounting for a 77% share of total imports. Moreover, preserved sardines imports from Latvia exceeded the figures recorded by the second-largest supplier, Portugal (X tons), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Latvia stood at -20.0%.

In value terms, Latvia ($X) constituted the largest supplier of sardines (prepared or preserved) to Sri Lanka, comprising 77% of total imports. The second position in the ranking was held by Portugal ($X), with a 23% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Latvia stood at -5.8%.

Import Prices by Country

In 2022, the average preserved sardines import price amounted to $X per ton, growing by 87% against the previous year. Over the period under review, the import price recorded resilient growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Portugal ($X per ton), while the price for Latvia totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Latvia (+17.8%), 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 sardines (prepared or preserved) in the world?

China remains the largest preserved sardines consuming country worldwide, comprising approx. 18% of total volume. Moreover, preserved sardines 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 5.7% share.

What are the largest producers of sardines (prepared or preserved) in the world?

The countries with the highest volumes of preserved sardines production in 2021 were China, Morocco and the United States, with a combined 33% share of global production. These countries were followed by India, Indonesia, Thailand, Japan, Russia, Pakistan, Brazil, Bangladesh, Vietnam and South Korea, which together accounted for a further 32%.

What are the leading suppliers of sardines (prepared or preserved) to Sri Lanka?

In value terms, Latvia constituted the largest supplier of preserved sardines to Sri Lanka.

What are the leading importers of sardines (prepared or preserved) from Sri Lanka?

In value terms, Australia remains the key foreign market for preserved sardines exports from Sri Lanka, comprising 90% of total exports. The second position in the ranking was occupied by New Zealand $619), with a 9.6% share of total exports.

What is the average export price for sardines (prepared or preserved) in Sri Lanka?

In 2021, the average preserved sardines export price amounted to $3,920 per ton, picking up by 48% against the previous year.

What is the average import price for sardines (prepared or preserved) in Sri Lanka?

The average preserved sardines import price stood at $2,320 per ton in 2021, with a decrease of -73.7% against the previous year.

This report provides an in-depth analysis of the preserved sardines 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 10202530 - Prepared or preserved sardines, sardinella, brisling and sprats, whole or in pieces (excluding minced products and prepared meals and dishes)

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 2012–2023
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