Price for Meat of Sheep or Goats; Fresh, Chilled or Frozen in Sri Lanka - 2022
Contents:
- Price for Meat of Sheep or Goats; Fresh, Chilled or Frozen in Sri Lanka (CIF) - 2022
- Price for Meat of Sheep or Goats; Fresh, Chilled or Frozen in Sri Lanka (FOB) - 2022
- Imports of Meat of Sheep or Goats; Fresh, Chilled or Frozen in Sri Lanka
- Exports of Meat of Sheep or Goats; Fresh, Chilled or Frozen in Sri Lanka
Price for Meat of Sheep or Goats; Fresh, Chilled or Frozen in Sri Lanka (CIF) - 2022
The average import price for meat of sheep or goats; fresh, chilled or frozen stood at $4,656 per ton in 2022, surging by 41% against the previous year. In general, the import price saw a relatively flat trend pattern. Over the period under review, average import prices reached the peak figure at $6,035 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Australia ($5,777 per ton), while the price for Romania ($1,328 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+2.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Meat of Sheep or Goats; Fresh, Chilled or Frozen in Sri Lanka (FOB) - 2022
The average export price for meat of sheep or goats; fresh, chilled or frozen stood at $6,843 per ton in 2022, standing approx. at the previous year. Over the period under review, export price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for meat of sheep or goats; fresh, chilled or frozen decreased by -27.8% against 2018 indices. The pace of growth was the most pronounced in 2018 an increase of 61% against the previous year. As a result, the export price attained the peak level of $9,483 per ton. From 2019 to 2022, the average export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Maldives.
From 2012 to 2022, the rate of growth in terms of prices for Oman amounted to +5.9% per year.
Imports of Meat of Sheep or Goats; Fresh, Chilled or Frozen in Sri Lanka
In 2022, overseas purchases of meat of sheep or goats; fresh, chilled or frozen decreased by -59.9% to 353 tons, falling for the second year in a row after two years of growth. In general, imports recorded a precipitous descent. The most prominent rate of growth was recorded in 2020 with an increase of 32%. As a result, imports reached the peak of 1.7K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of meat of sheep or goats; fresh, chilled or frozen fell notably to $1.6M in 2022. Over the period under review, imports saw a sharp decrease. The pace of growth was the most pronounced in 2020 with an increase of 11% against the previous year. As a result, imports reached the peak of $6.4M. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Meat of Sheep or Goats; Fresh, Chilled or Frozen in Sri Lanka (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 3.4 | 2.4 | 1.3 | 1.5 | -23.9% |
| Romania | 0.5 | 0.7 | 0.1 | 0.1 | -41.5% |
| Spain | 0.7 | 1.5 | 0.9 | 0.1 | -47.7% |
| Italy | 0.7 | 0.9 | 0.5 | N/A | -15.5% |
| Others | 0.4 | 0.9 | 0.1 | N/A | -50.0% |
| Total | 5.8 | 6.4 | 2.9 | 1.6 | -34.9% |
Top Suppliers of Meat of Sheep or Goats; Fresh, Chilled or Frozen to Sri Lanka in 2022:
- Australia (255.4 tons)
- Spain (48.6 tons)
- Romania (48.0 tons)
Exports of Meat of Sheep or Goats; Fresh, Chilled or Frozen in Sri Lanka
In 2022, after three years of growth, there was significant decline in shipments abroad of meat of sheep or goats; fresh, chilled or frozen, when their volume decreased by -99% to 51 kg. Overall, exports faced a precipitous shrinkage. The most prominent rate of growth was recorded in 2020 when exports increased by 32%.
In value terms, exports of meat of sheep or goats; fresh, chilled or frozen fell sharply to $349 in 2022. In general, exports faced a dramatic shrinkage. The pace of growth was the most pronounced in 2020 when exports increased by 9.1%.
| Export of Meat of Sheep or Goats; Fresh, Chilled or Frozen in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Maldives | 29.3 | N/A | 34.7 | 0.3 | -78.3% |
| Finland | N/A | 2.4 | N/A | N/A | 0% |
| Oman | N/A | 29.6 | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 29.3 | 32.0 | 34.7 | 0.3 | -78.3% |
Top Export Markets for Meat of Sheep or Goats; Fresh, Chilled or Frozen from Sri Lanka in 2022:
- Maldives (51.0 kg)
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