Sri Lanka: Market for Citrus Fruit Jams, Marmalades, Jellies, Purees or Pastes 2024

Market Size for Citrus Fruit Jams, Marmalades, Jellies, Purees or Pastes in Sri Lanka

The Sri Lankan market for citrus fruit jams, marmalades, jellies, purees or pastes declined modestly to $X in 2022, waning by -2.3% against the previous year. Over the period under review, the total consumption indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +2.6% against 2020 indices. Citrus fruit jams and marmalades consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Production of Citrus Fruit Jams, Marmalades, Jellies, Purees or Pastes in Sri Lanka

In value terms, citrus fruit jams and marmalades production declined slightly to $X in 2022 estimated in export price. Overall, production, however, posted measured growth. The growth pace was the most rapid in 2018 when the production volume increased by 53% against the previous year. Citrus fruit jams and marmalades production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of Citrus Fruit Jams, Marmalades, Jellies, Purees or Pastes

Exports from Sri Lanka

In 2022, the amount of citrus fruit jams, marmalades, jellies, purees or pastes exported from Sri Lanka reduced dramatically to X kg, which is down by -92.9% compared with the previous year. In general, exports recorded a dramatic downturn. The pace of growth was the most pronounced in 2020 when exports increased by 183%. Over the period under review, the exports reached the peak figure at X tons in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, citrus fruit jams and marmalades exports fell rapidly to $X in 2022. Over the period under review, exports showed a precipitous shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of 142% 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 remained at a lower figure.

Exports by Country

South Korea (X kg), Japan (X kg) and the United Arab Emirates (X kg) were the main destinations of citrus fruit jams and marmalades exports from Sri Lanka, together accounting for 96% of total exports.

From 2012 to 2022, the biggest increases were recorded for South Korea (with a CAGR of +143.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for citrus fruit jams and marmalades exported from Sri Lanka were South Korea ($X), the United Arab Emirates ($X) and Japan ($X), together accounting for 79% of total exports.

South Korea, with a CAGR of +117.4%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for citrus fruit jams, marmalades, jellies, purees or pastes amounted to $X per ton, declining by -31.5% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average export price increased by 73% against the previous year. As a result, the export price attained the peak level of $X per ton, and then dropped significantly in the following year.

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 Maldives ($X per ton), while the average price for exports to Japan ($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 Kuwait (+24.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Citrus Fruit Jams, Marmalades, Jellies, Purees or Pastes

Imports into Sri Lanka

In 2022, overseas purchases of citrus fruit jams, marmalades, jellies, purees or pastes decreased by -81.1% to X kg, falling for the fifth year in a row after three years of growth. In general, imports continue to indicate a deep downturn. The pace of growth appeared the most rapid in 2016 when imports increased by 109%. Over the period under review, imports reached the maximum at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, citrus fruit jams and marmalades imports shrank remarkably to $X in 2022. Over the period under review, imports faced a drastic downturn. The growth pace was the most rapid in 2016 when imports increased by 82%. Over the period under review, imports attained the peak figure at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

The United Arab Emirates (X kg), Egypt (X kg) and Singapore (X kg) were the main suppliers of citrus fruit jams and marmalades imports to Sri Lanka, with a combined 84% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Egypt (with a CAGR of 0.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Egypt ($X), the United Arab Emirates ($X) and the UK ($X) appeared to be the largest citrus fruit jams and marmalades suppliers to Sri Lanka, together comprising 80% of total imports.

Egypt, with a CAGR of 0.0%, saw the highest rates of growth with regard to the value of imports, in terms of 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 import price for citrus fruit jams, marmalades, jellies, purees or pastes stood at $X per ton in 2022, picking up by 20% against the previous year. Overall, the import price, however, showed a perceptible decline. The growth pace was the most rapid in 2019 an increase of 24%. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+23.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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