Sri Lanka: Apricot Market 2025

Apricot Market Size in Sri Lanka

The Sri Lankan apricot market surged to $X in 2022, growing by 95% against the previous year. Over the period under review, consumption posted buoyant growth. Apricot consumption peaked in 2022 and is expected to retain growth in the near future.

Apricot Production in Sri Lanka

In value terms, apricot production totaled $X in 2022 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 673,800% against the previous year. Over the period under review, production reached the maximum level at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

The average yield of apricots in Sri Lanka stood at less than X kg per ha in 2022, approximately equating the previous year's figure. In general, the yield saw a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. less than X ha of apricots were harvested in Sri Lanka; flattening at the previous year. Over the period under review, the harvested area recorded a relatively flat trend pattern.

Apricot Exports

Exports from Sri Lanka

In 2022, overseas shipments of apricots increased by 40% to X kg for the first time since 2017, thus ending a four-year declining trend. Over the period under review, exports, however, showed a deep contraction. The pace of growth appeared the most rapid in 2015 when exports increased by 1,155%. As a result, the exports reached the peak of X tons. From 2016 to 2022, the growth of the exports remained at a lower figure.

In value terms, apricot exports soared to $X in 2022. In general, exports, however, recorded a pronounced decline. The most prominent rate of growth was recorded in 2015 with an increase of 473% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates (X kg) was the main destination for apricot exports from Sri Lanka, accounting for a 97% share of total exports. It was followed by Maldives (X kg), with a 2.9% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to the United Arab Emirates amounted to -5.7%.

In value terms, the United Arab Emirates ($X) remains the key foreign market for apricots exports from Sri Lanka, comprising 91% of total exports. The second position in the ranking was taken by Maldives ($X), with a 9.4% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the United Arab Emirates amounted to -4.5%.

Export Prices by Country

In 2022, the average apricot export price amounted to $X per ton, shrinking by -14.3% against the previous year. Overall, the export price, however, continues to indicate a modest expansion. The growth pace was the most rapid in 2016 when the average export price increased by 333% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2017 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Maldives ($X per ton), while the average price for exports to the United Arab Emirates stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Oman (+41.1%), while the prices for the other major destinations experienced more modest paces of growth.

Apricot Imports

Imports into Sri Lanka

Apricot imports into Sri Lanka surged to X tons in 2022, increasing by 155% against the previous year's figure. Over the period under review, imports continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2018 with an increase of 2,007% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, apricot imports dropped markedly to $X in 2022. In general, imports recorded a remarkable increase. The pace of growth appeared the most rapid in 2018 when imports increased by 1,584%. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, the United Arab Emirates (X tons) constituted the largest apricot supplier to Sri Lanka, with a 66% share of total imports. Moreover, apricot imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, India (X tons), twofold. Australia (X kg) ranked third in terms of total imports with a 3.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United Arab Emirates amounted to +12.4%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+39.0% per year) and Australia (+47.4% per year).

In value terms, the largest apricot suppliers to Sri Lanka were India ($X), the United Arab Emirates ($X) and Turkey ($X), with a combined 89% share of total imports.

Among the main suppliers, India, with a CAGR of +41.9%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average apricot import price amounted to $X per ton, declining by -68.4% against the previous year. In general, the import price saw a noticeable setback. The most prominent rate of growth was recorded in 2021 when the average import price increased by 277%. As a result, import price attained the peak level of $X per ton, and then dropped rapidly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Malaysia ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+3.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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