Sri Lanka

After being negatively impacted by the COVID-19 pandemic, alcoholic drinks in Sri Lanka faces a new set of challenges in 2022. Firstly, global inflation is causing prices to rise, which has led many consumers to become more price sensitive and…

Many categories of beauty and personal care saw a decline or stagnation in retail volume terms in 2023. Despite the easing of import restrictions the availability of some products and brands still remained limited. This coupled with high inflation…

The Colombo in Sri Lanka report provides comprehensive city level information benchmarked against other cities in the country and region. The report includes historic data and forecasts on city population, consumer expenditure, digital penetration,…

The commodities country overview provides comprehensive data on production, consumption and price trends on key commodities markets. The commodities overview in Sri Lanka covers production and consumption trends in agricultural commodities, energy…

Asian Pacific economies were hard hit by COVID-19, leading to setback in construction activities in the first half of 2020. Robust Chinese recovery, however, boosted construction output in the second half of the year. Heavy infrastructure…

During the pandemic Sri Lanka received international support to purchase the necessary medication to help them fight COVID-19. However, due to the current economic crisis the Government of Sri Lanka has had to impose import restrictions due to…

With Sri Lanka facing its worst economic crisis in 74 years, product shortages and price hikes have recalibrated consumer demand and supply patterns across all categories of cooking ingredients and meals. Manufacturers are struggling due to the…

Amidst dollar shortages and central bank constraints, dairy product imports into the country has decreased in 2023 as Sri Lanka's government is striving for self-sufficiency. Despite the economic crisis, key players are achieving notable revenue…

In 2023, Sri Lanka’s economy contracted by 2.0%, despite an IMF bailout. GDP per capita remained notably lower than the Asia Pacific average, owing to high unemployment. Furthermore, inflation declined due to lower commodity prices and stricter…

Asia Pacific remained the largest global producer of food, beverages and tobacco in 2021, with sales valued at USD3,809 billion. With the release of pent-up demand, the industry’s turnover witnessed an increase in 2021. Going forward, expanding…