Sri Lanka: Fig Market 2025

Fig Market Size in Sri Lanka

In 2022, the Sri Lankan fig market decreased by -22.9% to $X, falling for the second consecutive year after three years of growth. In general, consumption, however, showed a noticeable downturn. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Fig Production in Sri Lanka

In value terms, fig production declined slightly to $X in 2022 estimated in export price. Overall, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the production volume increased by 76%. As a result, production attained the peak level of $X. From 2017 to 2022, production growth failed to regain momentum.

In 2022, the average yield of figs in Sri Lanka was estimated at less than X kg per ha, leveling off at the previous year. Overall, 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, the fig harvested area in Sri Lanka was estimated at less than X ha, approximately reflecting the year before. Over the period under review, the harvested area continues to indicate a relatively flat trend pattern.

Fig Exports

Exports from Sri Lanka

In 2022, overseas shipments of figs increased by 1,337% to X tons, rising for the second consecutive year after four years of decline. Overall, exports continue to indicate a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, fig exports surged to $X in 2022. Over the period under review, exports enjoyed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Qatar (X tons) was the main destination for fig exports from Sri Lanka, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Qatar amounted to +36.9%.

In value terms, Qatar ($X) also remains the key foreign market for figs exports from Sri Lanka.

From 2012 to 2022, the average annual rate of growth in terms of value to Qatar stood at +41.9%.

Export Prices by Country

The average fig export price stood at $X per ton in 2022, remaining relatively unchanged against the previous year. Overall, the export price recorded a pronounced decrease. The pace of growth appeared the most rapid in 2017 an increase of 67% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Qatar.

From 2012 to 2022, the rate of growth in terms of prices for Qatar amounted to +3.6% per year.

Fig Imports

Imports into Sri Lanka

In 2022, fig imports into Sri Lanka skyrocketed to X tons, jumping by 26% on 2021 figures. In general, imports recorded prominent growth. The pace of growth appeared the most rapid in 2020 when imports increased by 216%. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, fig imports rose sharply to $X in 2022. Over the period under review, imports recorded a prominent expansion. The pace of growth was the most pronounced in 2013 when imports increased by 120% against the previous year. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Afghanistan (X tons) constituted the largest fig supplier to Sri Lanka, accounting for a 87% share of total imports. Moreover, fig imports from Afghanistan exceeded the figures recorded by the second-largest supplier, Turkey (X kg), sevenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Afghanistan stood at +2,163.9%.

In value terms, Afghanistan ($X) constituted the largest supplier of figs to Sri Lanka, comprising 90% of total imports. The second position in the ranking was taken by Turkey ($X), with a 9.7% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Afghanistan totaled +4,591.9%.

Import Prices by Country

The average fig import price stood at $X per ton in 2022, dropping by -16.1% against the previous year. Overall, the import price continues to indicate a perceptible curtailment. The growth pace was the most rapid in 2013 when the average import price increased by 81%. Over the period under review, average import prices attained the maximum at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Afghanistan (+105.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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