Sri Lanka: Dried Mushroom Market 2025

Dried Mushroom Market Size in Sri Lanka

The Sri Lankan dried mushroom market contracted modestly to $X in 2022, shrinking by -1.8% against the previous year. Overall, consumption enjoyed prominent growth. Dried mushroom consumption peaked at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Dried Mushroom Production in Sri Lanka

In value terms, dried mushroom production amounted to less than $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 2014 when the production volume decreased by 99.9% against the previous year. Dried mushroom production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Dried Mushroom Exports

Exports from Sri Lanka

In 2022, shipments abroad of dried mushrooms and truffles increased by 44% to X tons, rising for the second consecutive year after three years of decline. Overall, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 with an increase of 101%. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, dried mushroom exports surged to $X in 2022. In general, exports posted noticeable growth. The most prominent rate of growth was recorded in 2021 when exports increased by 57% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

Maldives (X tons), South Korea (X kg) and Canada (X kg) were the main destinations of dried mushroom exports from Sri Lanka, with a combined 83% share of total exports. Germany and Australia lagged somewhat behind, together accounting for a further 16%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (with a CAGR of +17.5%), while the other leaders experienced more modest paces of growth.

In value terms, Canada ($X), Maldives ($X) and South Korea ($X) constituted the largest markets for dried mushroom exported from Sri Lanka worldwide, together comprising 76% of total exports.

In terms of the main countries of destination, Canada, with a CAGR of +14.3%, saw the highest rates of growth with regard to the value of exports, 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 dried mushroom export price amounted to $X per ton, remaining constant against the previous year. In general, export price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, dried mushroom export price increased by +73.8% against 2016 indices. The most prominent rate of growth was recorded in 2020 when the average export price increased by 35%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Australia ($X per ton), while the average price for exports to Maldives ($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 Seychelles (+8.2%), while the prices for the other major destinations experienced mixed trend patterns.

Dried Mushroom Imports

Imports into Sri Lanka

In 2022, dried mushroom imports into Sri Lanka fell markedly to X tons, declining by -89.1% on the previous year. Over the period under review, imports recorded a abrupt slump. The most prominent rate of growth was recorded in 2018 when imports increased by 166%. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, dried mushroom imports contracted sharply to $X in 2022. Overall, imports recorded a deep reduction. The pace of growth appeared the most rapid in 2015 with an increase of 158%. As a result, imports attained the peak of $X. From 2016 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) was the main dried mushroom supplier to Sri Lanka, accounting for a 98% share of total imports. It was followed by Singapore (X kg), with a 1.7% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from China amounted to -8.4%.

In value terms, China ($X) constituted the largest supplier of dried mushrooms and truffles to Sri Lanka, comprising 98% of total imports. The second position in the ranking was taken by Singapore ($X), with a 2.2% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled -7.5%.

Import Prices by Country

In 2022, the average dried mushroom import price amounted to $X per ton, reducing by -21.5% against the previous year. In general, the import price recorded a mild downturn. The pace of growth appeared the most rapid in 2015 when the average import price increased by 63% against the previous year. The import price peaked at $X per ton in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Singapore ($X per ton), while the price for China amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+12.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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