Sri Lanka: Frozen Fruit Market 2022

Frozen Fruit Market Size in Sri Lanka

The Sri Lankan frozen fruit market fell modestly to $X in 2021, flattening at the previous year. Over the period under review, the total consumption indicated perceptible growth from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +X% against 2019 indices. Frozen fruit consumption peaked at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Frozen Fruit Production in Sri Lanka

In value terms, frozen fruit production reduced slightly to $X in 2021 estimated in export price. Over the period under review, the total production indicated noticeable growth from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +X% against 2019 indices. The pace of growth appeared the most rapid in 2017 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Frozen Fruit Exports

Exports from Sri Lanka

In 2021, shipments abroad of frozen fruits decreased by -X% to X tons for the first time since 2018, thus ending a two-year rising trend. Overall, exports faced a dramatic decline. The most prominent rate of growth was recorded in 2019 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2020, and then reduced markedly in the following year.

In value terms, frozen fruit exports fell significantly to $X in 2021. In general, exports showed a precipitous decline. The growth pace was the most rapid in 2014 with an increase of X%. The exports peaked at $X in 2020, and then declined significantly in the following year.

Exports by Country

Australia (X tons), the United States (X tons) and Switzerland (X tons) were the main destinations of frozen fruit exports from Sri Lanka, together accounting for X% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Switzerland (with a CAGR of -X%), while the other leaders experienced a decline.

In value terms, the largest markets for frozen fruit exported from Sri Lanka were Switzerland ($X), Australia ($X) and the United States ($X), with a combined X% share of total exports. The UK, Maldives, Germany and the United Arab Emirates lagged somewhat behind, together accounting for a further X United Arab Emirates, with a CAGR of -X%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average frozen fruit export price stood at $X per ton in 2021, rising by X% against the previous year. Over the last nine-year period, it increased at an average annual rate of +X%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was the UK ($X per ton), while the average price for exports to the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Frozen Fruit Imports

Imports into Sri Lanka

In 2021, supplies from abroad of frozen fruits decreased by -X% to X tons, falling for the third year in a row after four years of growth. Over the period under review, imports showed a perceptible decline. The most prominent rate of growth was recorded in 2016 when imports increased by X%. Over the period under review, imports reached the maximum at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, frozen fruit imports plummeted to $X in 2021. Overall, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

China (X tons), the Netherlands (X tons) and Australia (X tons) were the main suppliers of frozen fruit imports to Sri Lanka, together accounting for X% of total imports.

From 2012 to 2021, the biggest increases were in Australia (with a CAGR of +X%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest frozen fruit suppliers to Sri Lanka were the Netherlands ($X), China ($X) and Australia ($X), together comprising X% of total imports.

Australia, with a CAGR of +X%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average frozen fruit import price stood at $X per ton in 2021, surging by X% against the previous year. Over the last nine-year period, it increased at an average annual rate of +X%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Australia ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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