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…

There is a sizeable market for beauty and personal care in Sri Lanka but economic constraints and government restrictions on imports is restricting growth. While brand loyalty plays a role, due to the current challenges price and accessibility were…

Sri Lanka ranked low on key business environment indicators in 2020, given a heavy tax burden, burdensome bureaucracy, widespread corruption and skills shortages. Limited access to credit information and high lending rates hinder businesses’ access…

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…

The economic crisis took its toll on Sri Lanka’s consumer health industry during 2022 as price controls combined with scarcity in foreign exchange reserves to hamper imports of essential medicines. This led to supply shortages across the industry…

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…

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…

Asia Pacific, with a value of USD916 billion, is the largest forestry, wood and paper goods producer in the world. Forecasts for the region’s industry remain positive for 2021-2030, due to developing economies and rising population. However, the…

2022 was a tough year for home care with Sri Lanka experiencing an economic crisis which has led to hyperinflation and severe import restrictions due to a lack of dollars. Local manufacturers were also unable to import sufficient raw materials.…

Sri Lankans’ long-standing enjoyment of tea continues, with a shift to packaged tea and international recognition of the country’s tea quality benefiting sales. However, in 2022, hot drinks in general is witnessing many crises. Firstly, the industry…

The number of households is set to increase moderately in Sri Lanka over 2021-2040, with couples with children remaining the dominant household type. While household earnings will reach pre-pandemic levels by 2022, the fastest household expenditure…

Over the long term, the consumer market in Sri Lanka is forecast to expand at a faster pace compared to regional countries, thanks to economic reforms and a gradual transition towards a more urbanised economy built around manufacturing and services…

Major political instability and distressed government finances have blighted Sri Lanka, which is ‘mostly unfree’ for economic freedom. Although the state is trying to make the investment climate more attractive, economic mishandling is adversely…

With a turnover of USD365.8 billion in 2021, Asia Pacific was the world’s second largest region for recreation, entertainment and arts. Over the next decade, the region’s entertainment industry is poised to grow at the fastest rate, nearly closing…

Sri Lanka experienced an economic crisis in 2022 with hyperinflation and severe import restrictions due to a lack of dollars. Many retailers struggled to meet demand with the country experiencing severe shortages, including for key products such as…

In 2021 retailing in Sri Lanka returned to positive growth after two years of decline. The bombing of April 2019 and general uncertainty linked to the elections followed by the onset of the pandemic in 2020 and government measures imposed to control…

With production of USD967 billion, Asia Pacific was the largest rubber and plastic producer globally in 2020. Regional production of rubber and plastic products remains highly concentrated in China, Japan and South Korea. Over 2021-2030, Asia Pacific…