Sri Lanka: Market for Animal Or Vegetable Fertilisers 2024

Market Size for Animal Or Vegetable Fertilisers in Sri Lanka

The Sri Lankan animal or vegetable fertilisers market fell to $X in 2022, with a decrease of X% against the previous year. Over the period under review, the total consumption indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2019 indices. Animal or vegetable fertilisers consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Production of Animal Or Vegetable Fertilisers in Sri Lanka

In value terms, animal or vegetable fertilisers production declined modestly to $X in 2022 estimated in export price. In general, the total production indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2013 with an increase of X%. Animal or vegetable fertilisers production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Exports of Animal Or Vegetable Fertilisers

Exports from Sri Lanka

For the third consecutive year, Sri Lanka recorded growth in shipments abroad of animal or vegetable fertilisers, which increased by X% to X tons in 2022. In general, exports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2013 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, animal or vegetable fertilisers exports expanded rapidly to $X in 2022. Over the period under review, exports showed strong growth. The pace of growth appeared the most rapid in 2013 with an increase of X%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Maldives (X tons) was the main destination for animal or vegetable fertilisers exports from Sri Lanka, accounting for a X% share of total exports. Moreover, animal or vegetable fertilisers exports to Maldives exceeded the volume sent to the second major destination, South Korea (X tons), fivefold.

From 2012 to 2022, the average annual growth rate of volume to Maldives totaled X%.

In value terms, Maldives ($X) emerged as the key foreign market for animal or vegetable fertilisers exports from Sri Lanka, comprising X% of total exports. The second position in the ranking was held by South Korea ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Maldives totaled X%.

Export Prices by Country

The average animal or vegetable fertilisers export price stood at $X per ton in 2022, waning by X% against the previous year. Over the period under review, the export price continues to indicate a abrupt descent. The most prominent rate of growth was recorded in 2017 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2018 to 2022, the average export prices remained at a lower figure.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was South Korea ($X per ton), while the average price for exports to Maldives amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Australia (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Animal Or Vegetable Fertilisers

Imports into Sri Lanka

In 2022, animal or vegetable fertilisers imports into Sri Lanka reduced notably to X tons, dropping by X% compared with the previous year's figure. Over the period under review, imports, however, showed a temperate expansion. The growth pace was the most rapid in 2017 when imports increased by X%. Imports peaked at X tons in 2021, and then dropped sharply in the following year.

In value terms, animal or vegetable fertilisers imports contracted dramatically to $X in 2022. Overall, imports continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of $X, and then declined dramatically in the following year.

Imports by Country

In 2022, India (X tons) was the main supplier of animal or vegetable fertilisers to Sri Lanka, with a approx. X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from India stood at X%.

In value terms, India ($X) constituted the largest supplier of animal or vegetable fertilisers to Sri Lanka.

From 2012 to 2022, the average annual rate of growth in terms of value from India amounted to X%.

Import Prices by Country

The average animal or vegetable fertilisers import price stood at $X per ton in 2022, shrinking by X% against the previous year. In general, the import price showed a abrupt curtailment. The pace of growth appeared the most rapid in 2014 an increase of X% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for India.

From 2012 to 2022, the rate of growth in terms of prices for France amounted to X% per year.

Source: IndexBox Platform

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