Sri Lanka

Snacks performed well in 2022 despite the impact of the economic crisis, import restrictions and government policies that are unfavourable to local production in some categories. Profit margins are being squeezed by rising raw material costs and…

Volume sales of cigarettes increased in 2021 after two years of strong declines due to tax increases and the COVID-19 pandemic. This boosted the illicit trade as low-income consumers found smoking increasingly unaffordable. However, demand for…

In 2021 retailing in Sri Lanka returned to positive growth after two years of decline. The bombing of April 2019 and general uncertainty linked to the elections followed by the onset of the pandemic in 2020 and government measures imposed to control…

2020 and 2021 saw sales impacted by the COVID-19 pandemic, which encouraged a stronger focus on hygiene and boosted sales of many products in home care. Consumers spent more time at home, which benefited home insecticides and surface care but…

Alcoholic drinks registered positive growth in 2021 as sales rebounded from the severe declines recorded at the peak of the COVID-19 pandemic in 2020. In particular, on-trade sales slumped in 2020 due to the absence of foreign tourists and an…

Rice remains the most important category of staple foods, with bread also an important source of nutrition for much of the population. Meat substitutes remains another important category, with soy-based products representing excellent value for…

Soft drinks will continue to be impacted by both the sugar tax and the COVID-19 pandemic in 2021. Likewise, consumers are expected to switch to healthier and more natural options, such as juice and bottled water, as consumers become more conscious of…

This report analyses the market for hot drinks in Sri Lanka. For the purposes of the study, the market has been defined as follows:

Political instability hampers economic freedom in Sri Lanka, which continues to be negatively affected by the legacy civil war. Economic recovery is anticipated to be slow, most notably affected by the contraction in tourism as a result of the…

This report analyses the market for consumer health in Sri Lanka. For the purposes of the study, the market has been defined as follows:

As in 2020, 2021 saw sales of cooking ingredients and meals heavily disrupted by the COVID-19 pandemic. Throughout the year, persistent lockdowns and curfews disrupted the operations of many corner shops and grocery stores in all parts of Sri Lanka,…

Dairy products and alternatives in 2021: The big picture

The Sri Lankan economy is expected to normalise gradually. Support comes from growth in tourism, robust growth in private final consumption, growth in services and a sustained recovery in agriculture and industry led by construction. Exports growth,…

Sri Lanka had a swift response to the global pandemic, with the Civil Aviation Authority of Sri Lanka imposing a ban on all passenger arrivals into the country from 18 March. The government also temporarily suspended the issuance of all types of…

This report analyses the market for beauty and personal care in Sri Lanka. For the purposes of the study, the market has been defined as follows:

The number of households is set to increase moderately in Sri Lanka over 2021-2040, with couples with children remaining the dominant household type. While household earnings will reach pre-pandemic levels by 2022, the fastest household expenditure…

Sri Lanka ranked low on key business environment indicators in 2020, given a heavy tax burden, burdensome bureaucracy, widespread corruption and skills shortages. Limited access to credit information and high lending rates hinder businesses’ access…

Despite having low pollution and high water security, Sri Lanka ranks in the middle of Global sustainability ranking due to its poor environmental protection, low climate resilience and poorly-developed energy sector. Moreover, the South Asian…

Consumer income is predicted to double by 2040, as Sri Lanka is gradually transitioning towards a more urbanised economy built around the manufacturing and services sectors, underpinned by economic reforms. Over 2021-2040, the middle class is…

In 2020, Sri Lanka’s economy contracted amid the COVID-19 pandemic. International trade was disrupted, due to import restrictions and weak external demand. The recovery of the tourism and textile sectors is projected to drive economic growth over the…