Sri Lanka: Cucumber And Gherkin Market 2024

Cucumber And Gherkin Market Size in Sri Lanka

The Sri Lankan cucumber and gherkin market stood at $X in 2022, picking up by 3.1% against the previous year. Over the period under review, the total consumption indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of +4.0% 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 -18.2% against 2018 indices. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Cucumber And Gherkin Production in Sri Lanka

In value terms, cucumber and gherkin production expanded to $X in 2022 estimated in export price. Overall, the total production indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +4.2% 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 -19.0% against 2018 indices. The growth pace was the most rapid in 2018 when the production volume increased by 57% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

In 2022, the average cucumber and gherkin yield in Sri Lanka reached X tons per ha, remaining constant against the previous year. The yield figure increased at an average annual rate of +3.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2015 with an increase of 8.6% against the previous year. Over the period under review, the average cucumber and gherkin yield hit record highs at X tons per ha in 2020; however, from 2021 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 cucumbers and gherkins production in Sri Lanka rose slightly to X ha, picking up by 2.7% compared with 2021. Over the period under review, the harvested area, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of 44% against the previous year. Over the period under review, the harvested area dedicated to cucumber and gherkin production reached the maximum at X ha in 2013; however, from 2014 to 2022, the harvested area failed to regain momentum.

Cucumber And Gherkin Exports

Exports from Sri Lanka

In 2022, after two years of growth, there was significant decline in overseas shipments of cucumbers and gherkins, when their volume decreased by -98.1% to X tons. In general, exports faced a dramatic setback. The most prominent rate of growth was recorded in 2018 when exports increased by 5,973%. The exports peaked at X tons in 2021, and then shrank significantly in the following year.

In value terms, cucumber and gherkin exports shrank rapidly to $X in 2022. Overall, exports showed a sharp descent. The most prominent rate of growth was recorded in 2018 when exports increased by 6,254%. Over the period under review, the exports reached the peak figure at $X in 2021, and then dropped dramatically in the following year.

Exports by Country

Maldives (X tons) was the main destination for cucumber and gherkin exports from Sri Lanka, accounting for a 89% share of total exports. Moreover, cucumber and gherkin exports to Maldives exceeded the volume sent to the second major destination, the United Arab Emirates (X kg), more than tenfold. Bahrain (X kg) ranked third in terms of total exports with a 2.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Maldives amounted to -1.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (-42.7% per year) and Bahrain (-4.8% per year).

In value terms, Maldives ($X) emerged as the key foreign market for cucumbers and gherkins exports from Sri Lanka, comprising 74% of total exports. The second position in the ranking was taken by Bahrain ($X), with a 10% share of total exports. It was followed by the United Arab Emirates, with a 7.2% share.

From 2012 to 2022, the average annual growth rate of value to Maldives amounted to -6.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bahrain (+7.2% per year) and the United Arab Emirates (-43.6% per year).

Export Prices by Country

In 2022, the average cucumber and gherkin export price amounted to $X per ton, with a decrease of -59.9% against the previous year. Overall, the export price showed a abrupt decrease. The most prominent rate of growth was recorded in 2021 an increase of 25%. As a result, the export price attained the peak level of $X per ton, and then declined sharply in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Bahrain ($X per ton), while the average price for exports to Maldives ($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 Kuwait (+15.3%), while the prices for the other major destinations experienced more modest paces of growth.

Cucumber And Gherkin Imports

Imports into Sri Lanka

In 2022, approx. X kg of cucumbers and gherkins were imported into Sri Lanka; falling by -98.7% against 2021 figures. In general, imports recorded a significant contraction. The pace of growth was the most pronounced in 2014 with an increase of 657%. Over the period under review, imports reached the maximum at X tons in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, cucumber and gherkin imports reduced remarkably to $X in 2022. Over the period under review, imports saw a dramatic downturn. The pace of growth was the most pronounced in 2019 when imports increased by 863%. Imports peaked at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Japan (X kg) was the main supplier of cucumber and gherkin to Sri Lanka, with a approx. 100% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Japan was relatively modest.

In value terms, Japan ($X) constituted the largest supplier of cucumbers and gherkins to Sri Lanka.

From 2012 to 2022, the average annual growth rate of value from Japan was relatively modest.

Import Prices by Country

The average cucumber and gherkin import price stood at $X per ton in 2022, increasing by 35% against the previous year. Over the period under review, the import price continues to indicate modest growth. The pace of growth appeared the most rapid in 2019 an increase of 133%. The import price peaked in 2022 and is likely to continue growth in the near future.

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

From 2012 to 2022, the rate of growth in terms of prices for Australia amounted to +22.8% per year.

Source: IndexBox Platform

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