Liqueurs and Cordials Price in Sri Lanka - 2021
Contents:
- Liqueurs and Cordials Price in Sri Lanka (FOB) - 2022
- Liqueurs and Cordials Price in Sri Lanka (CIF) - 2022
- Liqueurs and Cordials Exports in Sri Lanka
- Liqueurs and Cordials Imports in Sri Lanka
Liqueurs and Cordials Price in Sri Lanka (FOB) - 2022
In 2022, the average liqueurs and cordials export price amounted to $2.6 per litre, waning by -41.7% against the previous year. Over the period under review, the export price recorded a deep downturn. The growth pace was the most rapid in 2018 when the average export price increased by 22%. Over the period under review, the average export prices attained the peak figure at $10 per litre in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($8.2 per litre), while the average price for exports to the UK ($0.1 per litre) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+19.3%), while the prices for the other major destinations experienced mixed trend patterns.
Liqueurs and Cordials Price in Sri Lanka (CIF) - 2022
The average liqueurs and cordials import price stood at $8.9 per litre in 2022, jumping by 17% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 50%. The import price peaked in 2022 and is expected to retain growth in years to come.
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 the United States ($13 per litre), while the price for Germany ($6.1 per litre) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+8.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Liqueurs and Cordials Exports in Sri Lanka
Liqueurs and cordials exports from Sri Lanka soared to 65K litres in 2022, growing by 83% against the previous year. Over the period under review, exports recorded significant growth. The growth pace was the most rapid in 2021 when exports increased by 188%. Over the period under review, the exports reached the peak figure in 2022 and are likely to see gradual growth in the immediate term.
In value terms, liqueurs and cordials exports rose sharply to $172K in 2022. Overall, exports saw resilient growth. The pace of growth was the most pronounced in 2021 when exports increased by 191% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in years to come.
| Export of Liqueurs and Cordials in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | N/A | N/A | N/A | 120 | 0% |
| Maldives | 93.8 | N/A | 66.4 | 28.5 | -32.8% |
| Netherlands | N/A | 0.2 | 0.3 | 13.2 | 712.4% |
| United Kingdom | N/A | N/A | N/A | 2.6 | 0% |
| South Korea | 21.2 | 28.8 | 0.1 | N/A | -93.1% |
| India | 19.1 | 18.2 | 94.1 | N/A | 122.0% |
| Others | 2.6 | 8.3 | 0.3 | 7.8 | 44.2% |
| Total | 137 | 55.4 | 161 | 172 | 7.9% |
Top Export Markets for Liqueurs and Cordials from Sri Lanka in 2022:
- United Arab Emirates (31.9K litres)
- United Kingdom (26.8K litres)
- Maldives (4.0K litres)
- Netherlands (1.6K litres)
Liqueurs and Cordials Imports in Sri Lanka
In 2022, supplies from abroad of liqueurs and cordialses was finally on the rise to reach 60K litres after two years of decline. Over the period under review, imports, however, recorded a dramatic contraction. Over the period under review, imports reached the peak figure at 160K litres in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, liqueurs and cordials imports surged to $532K in 2022. In general, imports, however, faced a deep slump. Imports peaked at $831K in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Liqueurs and Cordials in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 92.1 | 9.2 | 0.6 | 153 | 18.4% |
| Ireland | 160 | 69.3 | 19.4 | 96.6 | -15.5% |
| France | 89.8 | 20.1 | 11.5 | 71.4 | -7.4% |
| Italy | 15.2 | 7.9 | 2.9 | 49.0 | 47.7% |
| Germany | 39.9 | 81.8 | N/A | 45.8 | 4.7% |
| United States | 51.4 | 8.6 | 2.7 | 38.5 | -9.2% |
| Mexico | 64.7 | 86.9 | 2.7 | 23.6 | -28.5% |
| Spain | 14.6 | 2.0 | 7.5 | 19.5 | 10.1% |
| United Arab Emirates | 218 | 252 | 101 | 1.9 | -79.4% |
| Others | 85.8 | 35.1 | 10.5 | 32.0 | -28.0% |
| Total | 831 | 573 | 158 | 532 | -13.8% |
Top Suppliers of Liqueurs and Cordials to Sri Lanka in 2022:
- United Kingdom (17.0K litres)
- France (10.0K litres)
- Ireland (8.6K litres)
- Germany (7.6K litres)
- Italy (5.6K litres)
- United States (2.9K litres)
- Mexico (2.5K litres)
- Spain (2.2K litres)
- United Arab Emirates (0.2K litres)
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