Sri Lanka: Avocado Market 2025

Avocado Market Size in Sri Lanka

The Sri Lankan avocado market rose significantly to $X in 2022, surging by 9.1% against the previous year. Overall, consumption saw a resilient increase. Avocado consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Avocado Production in Sri Lanka

In value terms, avocado production totaled $X in 2022 estimated in export price. In general, production posted a strong expansion. The most prominent rate of growth was recorded in 2018 with an increase of 114% against the previous year. Avocado production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

The average yield of avocados in Sri Lanka skyrocketed to X tons per ha in 2022, surging by 19% against 2021 figures. Overall, the yield, however, saw a abrupt decrease. The most prominent rate of growth was recorded in 2018 when the yield increased by 50% against the previous year. Over the period under review, the average avocado yield attained the maximum level at X tons per ha in 2012; however, from 2013 to 2022, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of avocados production in Sri Lanka contracted slightly to X ha, shrinking by -3.8% against the previous year. Over the period under review, the harvested area, however, showed a significant increase. The growth pace was the most rapid in 2013 with an increase of 148%. The avocado harvested area peaked at X ha in 2021, and then shrank modestly in the following year.

Avocado Exports

Exports from Sri Lanka

After three years of decline, overseas shipments of avocados increased by 18% to X tons in 2022. Over the period under review, exports, however, continue to indicate a drastic downturn. The pace of growth appeared the most rapid in 2018 when exports increased by 519%. As a result, the exports reached the peak of X tons. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, avocado exports stood at $X in 2022. Overall, exports, however, showed a perceptible descent. The pace of growth appeared the most rapid in 2014 when exports increased by 602% against the previous year. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Qatar (X tons), Saudi Arabia (X tons) and Maldives (X tons) were the main destinations of avocado exports from Sri Lanka, together accounting for 90% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Qatar (with a CAGR of +23.5%), while the other leaders experienced mixed trend patterns.

In value terms, Qatar ($X), Saudi Arabia ($X) and Bahrain ($X) constituted the largest markets for avocado exported from Sri Lanka worldwide, together accounting for 93% of total exports.

Saudi Arabia, with a CAGR of +44.8%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average avocado export price stood at $X per ton in 2022, with a decrease of -4.2% against the previous year. Overall, export price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, avocado export price decreased by -8.8% against 2020 indices. The pace of growth appeared the most rapid in 2020 an increase of 57%. As a result, the export price attained the peak level of $X per ton. From 2021 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Kuwait ($X per ton), while the average price for exports to Maldives ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+19.9%), while the prices for the other major destinations experienced more modest paces of growth.

Avocado Imports

Imports into Sri Lanka

After six years of growth, overseas purchases of avocados decreased by 0% to X kg in 2022. Over the period under review, imports posted a significant increase. The pace of growth was the most pronounced in 2020 when imports increased by 488% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to continue growth in the near future.

In value terms, avocado imports declined to $X in 2022. In general, imports showed significant growth. The growth pace was the most rapid in 2020 when imports increased by 597% against the previous year. Over the period under review, imports attained the maximum at $X in 2021, and then shrank in the following year.

Imports by Country

In 2022, Singapore (X kg) was the main avocado supplier to Sri Lanka, accounting for a approx. 100% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Singapore stood at +20.5%.

In value terms, Singapore ($X) constituted the largest supplier of avocados to Sri Lanka.

From 2012 to 2022, the average annual growth rate of value from Singapore stood at +21.8%.

Import Prices by Country

In 2022, the average avocado import price amounted to $X per ton, approximately equating the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.1%. The growth pace was the most rapid in 2019 when the average import price increased by 20%. Over the period under review, average import prices reached the peak figure at $X per ton in 2020; afterwards, it flattened through to 2022.

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

From 2012 to 2022, the rate of growth in terms of prices for Brazil amounted to +43.7% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :