Pastry market in Sri Lanka

Earlier Report Observations

After a slight contraction to 10 041 tonnes in 2019, the pastry market in Sri Lanka expanded to 12 446 tonnes in 2020. This growth was supported by the industry's adaptation to COVID-19 restrictions, including a shift to delivery-based platforms, the introduction of diverse online payment options, and the opening of new food service establishments such as Pizza Factory in Colombo, which were prepared to operate under safety regulations.

Market volume then decreased to 11 180 tonnes in 2021, a period marked by continued emphasis on delivery services and digital marketing targeting home-bound consumers. Following a further decline to 8 420 tonnes in 2022, the market partially recovered to 9 253 tonnes in 2023.

Production pastry in Sri Lanka

In kind, 2017-2020, t

Top producers of pastry, 2017-2020

World map of production of pastry, 2017-2020

After two consecutive years of decline, pastry production in Sri Lanka rebounded. In 2019, production hit its lowest point at 8 966 tonnes, marking a significant 15.7% drop. However, by 2020, output surged to 12 235 tonnes, representing a dramatic 36.5% year-over-year increase. Over the entire 2017-2020 period, production grew by 13%, which translates to an average annual growth rate of 4.2%.

Annual dynamics of production in Sri Lanka in kind, 2017-2020, t

Exports pastry from Sri Lanka

Exports in kind, t

The data reveals irregular changes, indicating a volatile market environment. In 2017, exports reached their lowest point, while 2018 saw the peak at 2 093 tonnes, creating a 15-fold difference between these extremes. In 2020, Sri Lanka exported 188 tonnes of pastry, showing a slight 2.6% increase compared to the previous year. The largest decline occurred in 2019 with a 91.2% drop, while the most substantial increase was recorded in 2018 at 1 421.8%.

Annual dynamics of product's exports from Sri Lanka in kind, 2017-2020, t

Between 2017 and 2020, Maldives accounted for 31.4% of Sri Lanka's pastry exports by volume, Oman for 23.9%, and the United States for 17.9%. Together, these three countries represented 73.2% of total export flows.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Sri Lanka in kind, 2017-2020

Exports in value, K $ US

There were noticeable fluctuations in market performance during the period. From the low in 2017 to the high in 2018, export values varied 5.2 times. In 2020, pastry exports from Sri Lanka amounted to 703 thousand US dollars, up 3.8% from the previous year. The maximum value was recorded in 2018 at 2 932 thousand US dollars. The largest decline occurred in 2019 with a 76.9% decrease, while the most significant increase was in 2018 at 420.3%.

Annual dynamics of product's exports from Sri Lanka in value, 2017-2020, K $ US

From 2017 to 2020, Maldives was the leading destination for Sri Lanka's pastry exports by value at 29.5%, followed by the United States at 22.5%, and Oman at 6.2%. Collectively, these three markets accounted for 58.3% of total export value.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Sri Lanka in value, 2017-2020

Imports pastry to Sri Lanka

Imports in kind, t

The market exhibited an unstable trend throughout the timeframe. Import volumes dropped to their lowest point in 2017, peaked in 2018 at 1 669 tonnes, and showed a 4.2-fold difference between these years. In 2020, Sri Lanka imported 399 tonnes of pastry from abroad, representing a 68.3% year-over-year decrease. The largest increase was recorded in 2018 at 322.8%.

Annual dynamics of product's imports to Sri Lanka in kind, 2017-2020, t

Over the 2017-2020 period, India was the main supplier of pastry to Sri Lanka by volume, accounting for 51.5% of imports, followed by Malaysia at 19.6%, and Indonesia at 13.1%. Together, these three countries comprised 84.2% of total import volume.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Sri Lanka in kind, 2017-2020

Imports in value, K $ US

The data reveals irregular changes, indicating a volatile market environment. From a high in 2018 to a low in 2020, import values varied by a factor of 3.5. In 2020, pastry imports to Sri Lanka were recorded at 839 thousand US dollars, which is 60.9% lower compared to the previous year. The maximum value was recorded in 2018 at 2 924 thousand US dollars. The largest increase occurred in 2018 at 156.4%.

Annual dynamics of product's imports to Sri Lanka in value, 2017-2020, K $ US

Throughout 2017-2020, Malaysia led as the primary source of pastry imports by value to Sri Lanka at 36.5%, followed by India at 23.3%, and Indonesia at 14.2%. These three markets together represented 73.9% of total import value.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Sri Lanka in value, 2017-2020