Price for Mollusc Preparations; Mussels, Prepared or Preserved in Sri Lanka - 2022

Contents:

1. Price for Mollusc Preparations; Mussels, Prepared or Preserved in Sri Lanka (FOB) - 2022
2. Price for Mollusc Preparations; Mussels, Prepared or Preserved in Sri Lanka (CIF) - 2022
3. Exports of Mollusc Preparations; Mussels, Prepared or Preserved in Sri Lanka
4. Imports of Mollusc Preparations; Mussels, Prepared or Preserved in Sri Lanka

Price for Mollusc Preparations; Mussels, Prepared or Preserved in Sri Lanka (FOB) - 2022

The average export price for mollusc preparations; mussels, prepared or preserveds stood at $6,500 per ton in 2022, dropping by -21.7% against the previous year. In general, the export price saw a deep reduction. The most prominent rate of growth was recorded in 2021 an increase of 83% against the previous year. The export price peaked at $19,034 per ton in 2014; however, from 2015 to 2022, the 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 Maldives amounted to -8.6% per year.

Price for Mollusc Preparations; Mussels, Prepared or Preserved in Sri Lanka (CIF) - 2022

In 2021, the average import price for mollusc preparations; mussels, prepared or preserveds amounted to $15,583 per ton, increasing by 61% against the previous year. In general, the import price continues to indicate a moderate expansion. The most prominent rate of growth was recorded in 2020 an increase of 190%. The import price peaked in 2021 and is expected to retain growth in the near future.

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 Singapore ($16,850 per ton), while the price for Latvia totaled $9,250 per ton.

From 2013 to 2021, the most notable rate of growth in terms of prices was attained by Chile (+30.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Mollusc Preparations; Mussels, Prepared or Preserved in Sri Lanka

In 2022, shipments abroad of mollusc preparations; mussels, prepared or preserveds decreased by -80% to 2 kg, falling for the second year in a row after two years of growth. In general, exports recorded a precipitous decrease. The growth pace was the most rapid in 2020 when exports increased by 43%. As a result, the exports attained the peak of 100 kg. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of mollusc preparations; mussels, prepared or preserveds fell remarkably to $13 in 2022. Over the period under review, exports continue to indicate a sharp downturn. The smallest decline of -18.9% was in 2020.

Top Export Markets for Mollusc Preparations; Mussels, Prepared or Preserved from Sri Lanka in 2022:

1. Maldives (2.0 kg)

Imports of Mollusc Preparations; Mussels, Prepared or Preserved in Sri Lanka

In 2021, imports of mollusc preparations; mussels, prepared or preserveds into Sri Lanka shrank rapidly to 24 kg, with a decrease of -88.8% compared with the previous year. Over the period under review, imports recorded a sharp curtailment. The smallest decline of -75.3% was in 2020.

In value terms, imports of mollusc preparations; mussels, prepared or preserveds contracted markedly to $374 in 2021. Overall, imports continue to indicate a significant contraction. The smallest decline of -28.4% was in 2020.

Top Suppliers of Mollusc Preparations; Mussels, Prepared or Preserved to Sri Lanka in 2022:

1. Singapore (20.0 kg)
2. Latvia (4.0 kg)

Source: IndexBox Market Intelligence Platform