Sri Lanka: Tilapias Market 2022

Tilapias Market Size in Sri Lanka

After three years of growth, the Sri Lankan tilapias market decreased by -X% to $X in 2021. Over the period under review, consumption, however, showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2016 to 2021, the growth of the market remained at a lower figure.

Tilapias Production in Sri Lanka

In value terms, tilapias production shrank slightly to $X in 2021 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2017 to 2021, production growth remained at a lower figure.

Tilapias Exports

Exports from Sri Lanka

In 2021, approx. less than X kg of tilapias were exported from Sri Lanka; remaining constant against the previous year. In general, exports faced a precipitous curtailment. The pace of growth was the most pronounced in 2014 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2015 to 2021, the growth of the exports failed to regain momentum.

In value terms, tilapias exports stood at less than $X in 2021. Over the period under review, exports saw a sharp decline. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Maldives (X kg) was the main destination for tilapias exports from Sri Lanka, accounting for a approx. X% share of total exports.

From 2012 to 2016, the average annual growth rate of volume to Maldives amounted to +X%.

From 2012 to 2016, the average annual rate of growth in terms of value to Maldives amounted to -X%.

Export Prices by Country

The average tilapias export price stood at $X per ton in 2016, which is down by -X% against the previous year. In general, the export price showed a abrupt setback. The pace of growth appeared the most rapid in 2014 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2016, the the average export prices failed to regain momentum.

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

From 2012 to 2016, the rate of growth in terms of prices for Maldives amounted to -X% per year.

Tilapias Imports

Imports into Sri Lanka

Tilapias imports into Sri Lanka stood at less than X kg in 2021, remaining constant against 2020. Overall, imports showed significant growth. The pace of growth appeared the most rapid in 2015 when imports increased by X%. As a result, imports reached the peak of X kg. From 2016 to 2021, the growth of imports remained at a lower figure.

In value terms, tilapias imports amounted to less than $X in 2021. Over the period under review, imports enjoyed a significant increase. The growth pace was the most rapid in 2015 with an increase of X%. As a result, imports attained the peak of $X. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2015, India (X kg) constituted the largest tilapias supplier to Sri Lanka, accounting for a X% share of total imports. Moreover, tilapias imports from India exceeded the figures recorded by the second-largest supplier, Germany (X kg), threefold.

From 2012 to 2015, the average annual growth rate of volume from India was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Singapore (X% per year).

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

From 2012 to 2015, the average annual growth rate of value from India was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Singapore (X% per year).

Import Prices by Country

The average tilapias import price stood at $X per ton in 2015, picking up by X% against the previous year. Overall, the import price showed a significant expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2015, the country with the highest price was India ($X per ton), while the price for Singapore ($X per ton) was amongst the lowest.

From 2012 to 2015, the most notable rate of growth in terms of prices was attained by Germany (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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