Report Update Nov 1, 2024

Sri Lanka - Sausages and Similar Products of Meat - Market Analysis, Forecast, Size, Trends and Insights

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Sri Lanka: Sausage Market 2024

Sausage Market Size in Sri Lanka

For the seventh consecutive year, the Sri Lankan sausage market recorded growth in sales value, which increased by 2.3% to $X in 2021. Over the period under review, consumption, however, recorded a prominent increase. Over the period under review, the market attained the maximum level in 2021 and is expected to retain growth in years to come.

Sausage Production in Sri Lanka

In value terms, sausage production totaled $X in 2021 estimated in export price. Overall, production, however, posted a prominent expansion. The pace of growth was the most pronounced in 2015 when the production volume increased by 66%. Sausage production peaked in 2021 and is expected to retain growth in the near future.

Sausage Exports

Exports from Sri Lanka

Sausage exports from Sri Lanka surged to X tons in 2021, growing by 42% compared with 2020 figures. Overall, exports, however, saw a abrupt contraction. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, sausage exports surged to $X in 2021. In general, exports, however, saw a noticeable slump. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

India (X tons), Maldives (X tons) and Oman (X tons) were the main destinations of sausage exports from Sri Lanka, with a combined 84% share of total exports. These countries were followed by Seychelles and Germany, which together accounted for a further 14%.

From 2012 to 2021, the biggest increases were recorded for Seychelles (with a CAGR of +17.1%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for sausage exported from Sri Lanka were Maldives ($X), India ($X) and Seychelles ($X), together accounting for 94% of total exports.

Seychelles, with a CAGR of +33.1%, 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 mixed trend patterns.

Export Prices by Country

The average sausage export price stood at $X per ton in 2021, growing by 21% against the previous year. Overall, the export price showed a resilient increase. The growth pace was the most rapid in 2015 an increase of 53% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2016 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Oman ($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 Germany (+17.0%), while the prices for the other major destinations experienced more modest paces of growth.

Sausage Imports

Imports into Sri Lanka

Sausage imports into Sri Lanka shrank notably to X kg in 2021, dropping by -69.2% against 2020. Overall, imports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2017 with an increase of 378%. Imports peaked at X tons in 2020, and then declined rapidly in the following year.

In value terms, sausage imports fell markedly to $X in 2021. Over the period under review, imports, however, continue to indicate a prominent increase. The pace of growth was the most pronounced in 2017 with an increase of 347% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Singapore (X kg), Italy (X kg) and Germany (X kg) were the main suppliers of sausage imports to Sri Lanka, with a combined 66% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Singapore (with a CAGR of +68.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest sausage suppliers to Sri Lanka were Italy ($X), Singapore ($X) and Germany ($X), with a combined 92% share of total imports.

Among the main suppliers, Singapore, with a CAGR of +45.7%, recorded the highest rates of growth with regard to 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

The average sausage import price stood at $X per ton in 2021, rising by 26% against the previous year. In general, the import price, however, showed a abrupt downturn. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

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 Australia ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+5.5%), 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 sausages and similar products of meat in the world?

China remains the largest sausage consuming country worldwide, accounting for 28% of total volume. Moreover, sausage consumption in China exceeded the figures recorded by the second-largest consumer, Brazil, fourfold. The third position in this ranking was occupied by the United States, with a 7% share.

What are the largest producers of sausages and similar products of meat in the world?

China constituted the country with the largest volume of sausage production, comprising approx. 28% of total volume. Moreover, sausage production in China exceeded the figures recorded by the second-largest producer, Brazil, threefold. The third position in this ranking was occupied by the United States, with a 7.5% share.

What are the leading suppliers of sausages and similar products of meat to Sri Lanka?

In value terms, the largest sausage suppliers to Sri Lanka were Australia, Singapore and Germany, with a combined 89% share of total imports.

What are the leading importers of sausages and similar products of meat from Sri Lanka?

In value terms, India, Maldives and Oman constituted the largest markets for sausage exported from Sri Lanka worldwide, together accounting for 97% of total exports.

What is the average export price for sausages and similar products of meat in Sri Lanka?

The average sausage export price stood at $4,881 per ton in 2021, increasing by 5.1% against the previous year.

What is the average import price for sausages and similar products of meat in Sri Lanka?

In 2021, the average sausage import price amounted to $2,562 per ton, picking up by 111% against the previous year.

This report provides an in-depth analysis of the sausage 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 10131430 - Liver sausages and similar products and food preparations based thereon (excluding prepared meals and dishes)
Prodcom 10131460 - Sausages and similar products of meat, offal or blood and food preparations based thereon (excluding liver sausages 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