Report Update Nov 1, 2024

Sri Lanka - Soft Drinks - Market Analysis, Forecast, Size, Trends and Insights

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Sri Lanka: Soft Drink Market 2024

Soft Drink Market Size in Sri Lanka

The Sri Lankan soft drink market contracted to $X in 2021, dropping by -5.4% against the previous year. Over the period under review, consumption saw a perceptible reduction. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Soft Drink Production in Sri Lanka

In value terms, soft drink production contracted to $X in 2021 estimated in export price. Overall, production showed a noticeable setback. The growth pace was the most rapid in 2017 with an increase of 19%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Soft Drink Exports

Exports from Sri Lanka

After four years of decline, overseas shipments of soft drinks increased by 46% to X litres in 2021. Over the period under review, exports posted significant growth. The growth pace was the most rapid in 2014 with an increase of 301%. The exports peaked at X litres in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, soft drink exports skyrocketed to $X in 2021. Overall, exports showed a prominent expansion. The growth pace was the most rapid in 2014 with an increase of 270% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

Exports by Country

India (X litres), the United States (X litres) and the UK (X litres) were the main destinations of soft drink exports from Sri Lanka, together comprising 88% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by India (with a CAGR of +228.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for soft drink exported from Sri Lanka were the United States ($X), India ($X) and the UK ($X), with a combined 82% share of total exports.

India, with a CAGR of +216.0%, recorded the highest growth rate of the value of exports, among 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

The average soft drink export price stood at $X per litre in 2021, growing by 7.8% against the previous year. Over the period under review, the export price, however, recorded a pronounced slump. The export price peaked at $X per litre in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Maldives ($X per litre), while the average price for exports to India ($X per litre) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+1.2%), while the prices for the other major destinations experienced mixed trend patterns.

Soft Drink Imports

Imports into Sri Lanka

In 2021, overseas purchases of soft drinks increased by 45% to X litres for the first time since 2018, thus ending a two-year declining trend. Overall, imports, however, recorded a perceptible decline. The most prominent rate of growth was recorded in 2016 with an increase of 45%. Imports peaked at X litres in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, soft drink imports skyrocketed to $X in 2021. In general, imports, however, continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2014 with an increase of 49%. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Malaysia (X litres), Oman (X litres) and Cyprus (X litres) were the main suppliers of soft drink imports to Sri Lanka, together comprising 55% of total imports.

From 2012 to 2021, the biggest increases were in Oman (with a CAGR of +961.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Malaysia ($X) and Cyprus ($X) appeared to be the largest soft drink suppliers to Sri Lanka, with a combined 53% share of total imports. Oman, Vietnam, Austria, India, Singapore, Thailand, South Africa and Turkey lagged somewhat behind, together comprising a further 36%.

In terms of the main suppliers, Oman, with a CAGR of +654.3%, 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

In 2021, the average soft drink import price amounted to $X per litre, with a decrease of -8% against the previous year. Overall, the import price saw a pronounced descent. The most prominent rate of growth was recorded in 2013 when the average import price increased by 20% against the previous year. The import price peaked at $X per litre in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was the United Arab Emirates ($X per litre), while the price for Oman ($X per litre) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Switzerland (+26.6%), 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 soft drinks in the world?

The countries with the highest volumes of soft drink consumption in 2020 were the United States, China and Japan, with a combined 36% share of global consumption. These countries were followed by Sudan, Brazil, Indonesia, Pakistan, Nigeria, Bangladesh, Mexico, the UK, Germany and Ethiopia, which together accounted for a further 25%.

What are the largest producers of soft drinks in the world?

The countries with the highest volumes of soft drink production in 2020 were the United States, China and Japan, with a combined 36% share of global production. These countries were followed by Sudan, Brazil, Indonesia, Pakistan, Nigeria, Bangladesh, Mexico, Germany, the UK and Ethiopia, which together accounted for a further 25%.

What are the leading suppliers of soft drinks to Sri Lanka?

In value terms, Austria constituted the largest supplier of soft drink to Sri Lanka, comprising 61% of total imports. The second position in the ranking was occupied by Malaysia, with a 9.2% share of total imports. It was followed by Cyprus, with an 8.7% share.

What are the leading importers of soft drinks from Sri Lanka?

In value terms, India remains the key foreign market for soft drink exports from Sri Lanka.

What is the average export price for soft drinks in Sri Lanka?

In 2020, the average soft drink export price amounted to $0.6 per litre, falling by -11.8% against the previous year.

What is the average import price for soft drinks in Sri Lanka?

The average soft drink import price stood at $0.8 per litre in 2020, falling by -14.5% against the previous year.

This report provides an in-depth analysis of the soft drink 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 11071930 - Waters, with added sugar, other sweetening matter or flavoured, i.e. soft drinks (including mineral and aerated)
Prodcom 11071950 - z Non-alcoholic beverages not containing milk fat (excluding sweetened or unsweetened mineral, aerated or flavoured waters)
Prodcom 11071970 - Non-alcoholic beverages containing milk fat
Prodcom 110000Z1 - Non-alcoholic beverages, not containing milk, milk products and fats derived therefrom (excl. water, fruit or vegetable juices)
Prodcom 11051010 - Non-alcoholic beer and beer containing . 0.5% alcohol

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