What is the price of shark fins per kilogram/pound in Sri Lanka today?
The retail price range for Sri Lanka shark fins is between US$ 33.92 and US$ 62.99 per kilogram or between US$ 15.38 and US$ 28.57 per pound(lb). Click here to see today's exact prices of shark fins in Sri Lanka
The retail price range in Sri Lanka Rupee for shark fins is between LKR 10,436.46 and LKR 19,382.00 per kilogram or between LKR 4,733.09 and LKR 8,790.02 per pound(lb) in Colombo and Jaffna.
Wholesale prices
In 2024, the approximate wholesale price range for Sri Lanka shark fins is between US$ 23.74 and US$ 44.09 per kilogram or between US$ 10.77 and US$ 20.00 per pound(lb).
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Sri Lanka Shark Fins Export Prices - Historical, Trends and Prediction
The export price per kilogram of Shark Fins from Sri Lanka over the last five years has seen a steady decline. In 2013, the price was 38.12 US dollars per kg, dropping to 36.06 US dollars per kg in 2014. This trend continued in 2015, with the price dropping to 32.26 US dollars per kg. 2016 saw the lowest price of 25.36 US dollars per kg, before increasing slightly to 26.94 US dollars per kg in 2017. Prices have since increased, with the latest figures showing 33.60 US dollars per kg in 2019 and 33.07 US dollars per kg in 2020. 2021 saw a slight increase to 35.25 US dollars per kg. Based on this data, it is predicted that the export price per kilogram of Shark Fins from Sri Lanka in 2023 will be around 36.50 US dollars per kg, and in 2024 will be around 37.75 US dollars per kg.Sri Lanka Shark Fins Import Prices - Historical, Trends and Prediction
The import price per kilogram of Shark Fins into Sri Lanka over the last five years has been quite volatile. In 2013, the price was 38.12 US dollars per kg, which dropped to 36.06 US dollars per kg in 2014. This downward trend continued in 2015, when the price dropped to 32.26 US dollars per kg. In 2016, the price dropped further to 25.36 US dollars per kg, before increasing slightly to 26.94 US dollars per kg in 2017. The price then increased to 33.60 US dollars per kg in 2019, before dropping slightly to 33.07 US dollars per kg in 2020. The price then increased again to 35.25 US dollars per kg in 2021. Based on this trend, it is likely that the price of Shark Fins in Sri Lanka will continue to increase in the coming years, with an estimated price of 36.45 US dollars per kg in 2023 and 37.86 US dollars per kg in 2024.Export values for Sri Lanka shark fins
The total values in export for shark fins in Sri Lanka were US$ 913, US$ 1,401, US$ 3,098 and US$ 3,834 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Fish category in Sri Lanka: Live Ornamental Fish, Live Trout, Live Eels, Live Carp, Live Tuna, Live Fish, Trout, Salmon, Halibut Fish & Sole Fish.
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Sri Lanka shark fins - Production, Exports, Imports, Seasons and HS Codes
In 2019 Sri Lanka exported 73 tonnes of shark fins. For 2019 alone, the demand for Sri Lanka shark fins (fish category) has reduced, flactuating by -9.877 % compared to the year 2018. Between 2017 and 2019, shark fins' exports grew by 40.38 percent bringing the nation US$3.83m for the year 2019. Sri Lanka's shark fins exports are classified as:
- Frozen fish fins, heads, tails, maws and other edible fish offal (excl. livers, roes, milt and shark fins) (HS code 030399)
- Fresh or chilled shark fins (HS code 030292)
- Prepared or preserved shark fins, whole or in pieces (excl. minced) (HS code 160418)
- Shark fins, smoked, dried, salted or in brine (HS code 030571)
- Frozen shark fins (HS code 030392)
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Sri Lanka shark fins export values
In 2019, Sri Lanka shipped shark fins worth 3.83m USD, an increase of 23.63% from 2018's total shark fins export of 3.098m USD. The annual growth in value of Sri Lanka shark fins between 2017 to 2018 was 121.128 percent.
The yearly change in the quantity of Sri Lanka's shark fins exports between 2017 and 2019 was 40.38 per cent when compared to a variation of -9.877% in the growth rate between 2018 and 2019.
Export markets for Sri Lanka shark fins ( in '000$ )
Sri Lanka purchased 2 tonnes of shark fins in 2019.