Report Update Jan 1, 2025

Sri Lanka - Almonds - Market Analysis, Forecast, Size, Trends and Insights

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Sri Lanka: Almond Market 2025

Almond Market Size in Sri Lanka

The Sri Lankan almond market skyrocketed to $X in 2021, with an increase of 224% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption enjoyed a significant expansion. Over the period under review, the market attained the maximum level in 2021 and is likely to see gradual growth in the immediate term.

Almond Exports

Exports from Sri Lanka

For the third year in a row, Sri Lanka recorded growth in shipments abroad of almonds, which increased by 41% to X tons in 2021. Overall, exports posted a significant expansion. The pace of growth appeared the most rapid in 2019 with an increase of 698%. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in the near future.

In value terms, almond exports expanded markedly to $X in 2021. In general, exports saw significant growth. The pace of growth appeared the most rapid in 2019 when exports increased by 717% against the previous year. The exports peaked in 2021 and are likely to continue growth in years to come.

Exports by Country

India (X tons), Qatar (X tons) and Maldives (X tons) were the main destinations of almond exports from Sri Lanka, with a combined 85% share of total exports.

From 2012 to 2021, the biggest increases were in Maldives (with a CAGR of +65.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, India ($X) remains the key foreign market for almond exports from Sri Lanka, comprising 60% of total exports. The second position in the ranking was held by Germany ($X), with a 24% share of total exports. It was followed by Qatar, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value to India stood at +27.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+29.5% per year) and Qatar (+84.9% per year).

Export Prices by Country

In 2021, the average almond export price amounted to $X per ton, waning by -19.7% against the previous year. Over the period under review, the export price, however, showed a remarkable increase. The growth pace was the most rapid in 2018 when the average export price increased by 46% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Germany ($X per ton), while the average price for exports to Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+16.7%), while the prices for the other major destinations experienced more modest paces of growth.

Almond Imports

Imports into Sri Lanka

In 2021, approx. X tons of almonds were imported into Sri Lanka; with an increase of 207% against the previous year. Over the period under review, imports recorded a significant expansion. The growth pace was the most rapid in 2020 with an increase of 872% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, almond imports soared to $X in 2021. In general, imports posted significant growth. The pace of growth appeared the most rapid in 2020 when imports increased by 303% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

India (X tons), the United States (X tons) and the United Arab Emirates (X tons) were the main suppliers of almond imports to Sri Lanka, with a combined 93% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +64.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest almond suppliers to Sri Lanka were the United States ($X), India ($X) and the United Arab Emirates ($X), together comprising 89% of total imports.

India, with a CAGR of +69.8%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average almond import price stood at $X per ton in 2021, shrinking by -6.3% against the previous year. Overall, the import price recorded a mild descent. The growth pace was the most rapid in 2013 when the average import price increased by 51%. Over the period under review, average import prices hit record highs at $X per ton in 2017; however, from 2018 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Singapore ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+9.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for almonds in the world?

The United States constituted the country with the largest volume of almond consumption, comprising approx. 49% of total volume. Moreover, almond consumption in the United States exceeded the figures recorded by the second-largest consumer, Spain, fivefold. India ranked third in terms of total consumption with a 5.7% share.

What are the largest producers of almonds in the world?

The country with the largest volume of almond production was the United States, accounting for 55% of total volume. Moreover, almond production in the United States exceeded the figures recorded by the second-largest producer, Spain, sixfold. Australia ranked third in terms of total production with a 5.6% share.

What are the leading suppliers of almonds to Sri Lanka?

In value terms, the largest almond suppliers to Sri Lanka were the United Arab Emirates, India and Australia, together accounting for 70% of total imports.

What are the leading importers of almonds from Sri Lanka?

In value terms, India remains the key foreign market for almond exports from Sri Lanka, comprising 72% of total exports. The second position in the ranking was occupied by Germany, with a 16% share of total exports. It was followed by Qatar, with an 8.9% share.

What is the average export price for almonds in Sri Lanka?

The average almond export price stood at $4,670 per ton in 2021, with an increase of 20% against the previous year.

What is the average import price for almonds in Sri Lanka?

The average almond import price stood at $1,067 per ton in 2021, shrinking by -46.6% against the previous year.

This report provides an in-depth analysis of the almond market in Sri Lanka. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 221 - Almonds

Country coverage:

Sri Lanka

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Sri Lanka
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2024
23. Production, In Value Terms, 2012–2024
24. Area Harvested, 2012–2024
25. Yield, 2012–2024
26. Imports, In Physical Terms, 2012–2024
27. Imports, In Value Terms, 2012–2024
28. Imports, In Physical Terms, By Country, 2024
29. Imports, In Physical Terms, By Country, 2012–2024
30. Imports, In Value Terms, By Country, 2012–2024
31. Import Prices, By Country Of Origin, 2012–2024
32. Exports, In Physical Terms, 2012–2024
33. Exports, In Value Terms, 2012–2024
34. Exports, In Physical Terms, By Country, 2024
35. Exports, In Physical Terms, By Country, 2012–2024
36. Exports, In Value Terms, By Country, 2012–2024
37. Export Prices, By Country Of Destination, 2012–2024