What is the price of cuttlefish & squid per kilogram/pound in Sri Lanka today?
The retail price range for Sri Lanka cuttlefish & squid is between US$ 5.33 and US$ 9.37 per kilogram or between US$ 2.41 and US$ 4.25 per pound(lb). Click here to see today's exact prices of cuttlefish & squid in Sri Lanka
The retail price range in Sri Lanka Rupee for cuttlefish & squid is between LKR 1,638.47 and LKR 2,884.18 per kilogram or between LKR 743.07 and LKR 1,308.02 per pound(lb) in Colombo and Jaffna.
Wholesale prices
In 2024, the approximate wholesale price range for Sri Lanka cuttlefish & squid is between US$ 3.73 and US$ 6.56 per kilogram or between US$ 1.69 and US$ 2.98 per pound(lb).
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Sri Lanka Cuttlefish & Squid Export Prices - Historical, Trends and Prediction
The export price per kilogram of Cuttlefish & Squid from Sri Lanka over the last five years has seen a steady decline. In 2012, the price was 6.10 US dollars per kg, which dropped to 4.35 US dollars per kg in 2013. In 2014, the price further decreased to 3.54 US dollars per kg. In 2015, the price slightly increased to 3.76 US dollars per kg, followed by a further increase to 4.28 US dollars per kg in 2016. In 2017, the price rose to 5.47 US dollars per kg, and then decreased to 5.02 US dollars per kg in 2019. In 2020, the price slightly increased to 5.22 US dollars per kg, and then further increased to 5.60 US dollars per kg in 2021. Based on this trend, it is predicted that the export price per kilogram of Cuttlefish & Squid from Sri Lanka will be 5.80 US dollars per kg in 2023 and 6.00 US dollars per kg in 2024.Sri Lanka Cuttlefish & Squid Import Prices - Historical, Trends and Prediction
The import price per kilogram of Cuttlefish & Squid into Sri Lanka has been fluctuating over the past five years. In 2016, the price was 4.28 US dollars per kg, which was the highest in the past five years. In 2017, the price increased to 5.47 US dollars per kg, but then decreased to 5.02 US dollars per kg in 2019. In 2020, the price increased slightly to 5.22 US dollars per kg, and then further increased to 5.6 US dollars per kg in 2021. Based on this trend, it is predicted that the import price per kilogram of Cuttlefish & Squid into Sri Lanka will be 5.78 US dollars per kg in 2023 and 5.96 US dollars per kg in 2024.Export values for Sri Lanka cuttlefish & squid
The total values in export for cuttlefish & squid in Sri Lanka were US$ 4,854, US$ 14,388, US$ 15,784 and US$ 10,156 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Seafood category in Sri Lanka: Sea Bass, Sea Bream, Lobster, Shrimps & Prawns, Crabs, Crustaceans, Oysters, Scallops, Blue Mussel & Octopus.
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Sri Lanka cuttlefish & squid - Production, Exports, Imports, Seasons and HS Codes
In 2019 Sri Lanka exported 1,623 tonnes of cuttlefish & squid. In 2019 alone, the demand for Sri Lanka cuttlefish & squid (seafood category) has decreased, with a change of -28.122 pc compared to the year 2018. Between 2017 and 2019, cuttlefish & squid's exports reduced by -38.31 percent netting the exporter US$10.16m for the year 2019. Sri Lanka's cuttlefish & squid exports are classified as:
- Cuttle fish and squid, live, fresh or chilled, with or without shell (HS code 030742)
- Cuttle fish and squid, frozen, with or without shell (HS code 030743)
- Live, fresh or chilled, not smoked, cuttle fish "Sepia officinalis, Rossia macrosoma, Sepiola spp." and squid "Ommastrephes spp., Loligo spp., Nototodarus spp., Sepioteuthis spp.", with or without shell (HS code 030741)
- Cuttle fish "Sepia officinalis, Rossia macrosoma, Sepiola spp." and squid "Ommastrephes spp., Loligo spp., Nototodarus spp., Sepioteuthis spp.", smoked, frozen, dried, salted or in brine, with or without shell (HS code 030749)
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Sri Lanka cuttlefish & squid export values
In 2019, Sri Lanka sold cuttlefish & squid valued at 10.16m USD, a decrease of -35.63% from 2018's total cuttlefish & squid export of 15.784m USD. The annual reduction in value of Sri Lanka cuttlefish & squid between 2017 to 2018 was 9.703 per cent.
The yearly variation in the quantity of Sri Lanka's cuttlefish & squid exports between 2017 and 2019 was -38.31% compared to a variation of -28.122% in the period between 2018 and 2019.
Sri Lanka's stake of the world's total cuttlefish & squid's exports in 2019 was less than 1%. Sri Lanka holds number 16 in world exports of cuttlefish & squid.
Export markets for Sri Lanka cuttlefish & squid ( in '000$ )
Sri Lanka brought in 1,509 tonnes of cuttlefish & squid in 2019.