| Product Code: ETC388231 | Publication Date: Aug 2022 | Updated Date: Dec 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Sri Lanka import trend for the tuna market experienced a significant decline from 2023 to 2024, with a growth rate of -82.13%. The compound annual growth rate (CAGR) for 2020-2024 stood at -51.0%. This steep decline may be attributed to shifts in consumer preferences or disruptions in the global supply chain.
The tuna market in Sri Lanka is vital for the fisheries and seafood industry. Tuna is a major export product, contributing significantly to the country`s economy. The market growth is driven by the increasing global demand for seafood, sustainable fishing practices, and advancements in processing and packaging technologies.
Growth is fueled by seafood industry expansion, international trade in canned tuna products, and consumer preference for protein-rich seafood.
The Tuna market faces challenges such as the high cost of sustainable fishing practices and the need for reliable supply chains to meet consumer demands. Ensuring compliance with environmental and regulatory standards, especially regarding overfishing and sustainability, is a significant concern. The market also deals with competition from alternative seafood products, which can impact its growth.
Fisheries policies and regulations on sustainable fishing practices influence this market. Government initiatives to promote sustainable tuna fishing and support local fisheries are key drivers.
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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