Sri Lanka: Frozen Boiled Potatoes Market 2022

Frozen Boiled Potatoes Market Size in Sri Lanka

In 2020, the Sri Lankan frozen boiled potatoes market decreased by -X% to $X, falling for the second year in a row after six years of growth. Over the period under review, the total consumption indicated notable growth from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, consumption decreased by -X% against 2018 indices. The growth pace was the most rapid in 2016 when the market value increased by X% against the previous year. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2020, consumption remained at a lower figure.

Frozen Boiled Potatoes Production in Sri Lanka

In value terms, frozen boiled potatoes production shrank significantly to $X in 2020 estimated in export prices. Overall, production enjoyed a tangible increase. The growth pace was the most rapid in 2016 with an increase of X% y-o-y. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2020, production failed to regain the momentum.

Frozen Boiled Potatoes Exports

Exports from Sri Lanka

In 2020, approx. X tons of frozen boiled potatoes were exported from Sri Lanka; falling by -X% compared with the year before. Overall, exports saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2010 with an increase of X% year-to-year. Over the period under review, exports reached the peak figure at X tons in 2008; however, from 2009 to 2020, exports failed to regain the momentum.

In value terms, frozen boiled potatoes exports shrank significantly to $X in 2020. In general, exports faced a abrupt decline. The pace of growth was the most pronounced in 2010 with an increase of X% year-to-year. Over the period under review, exports hit record highs at $X in 2007; however, from 2008 to 2020, exports failed to regain the momentum.

Exports by Country

Qatar (X tons) was the main destination for frozen boiled potatoes exports from Sri Lanka, with a X% share of total exports. Moreover, frozen boiled potatoes exports to Qatar exceeded the volume sent to the second major destination, the United Arab Emirates (X kg), sixfold.

From 2007 to 2020, the average annual growth rate of volume to Qatar amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (-X% per year) and Maldives (+X% per year).

In value terms, Qatar ($X), the United Arab Emirates ($X) and Maldives ($X) constituted the largest markets for frozen boiled potatoes exported from Sri Lanka worldwide.

Qatar 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 more modest paces of growth.

Export Prices by Country

The average frozen boiled potatoes export price stood at $X per ton in 2020, reducing by -X% against the previous year. In general, the export price, however, continues to indicate a noticeable increase. The pace of growth appeared the most rapid in 2019 an increase of X% year-to-year. As a result, export price reached the peak level of $X per ton, and then dropped remarkably in the following year.

There were significant differences in the average prices for the major foreign markets. In 2020, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Qatar ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates, while the prices for the other major destinations experienced mixed trend patterns.

Frozen Boiled Potatoes Imports

Imports into Sri Lanka

In 2020, frozen boiled potatoes imports into Sri Lanka shrank notably to X kg, declining by -X% against the previous year's figure. In general, imports showed a dramatic descent. The most prominent rate of growth was recorded in 2011 with an increase of X% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2020, imports remained at a lower figure.

In value terms, frozen boiled potatoes imports reduced dramatically to $X in 2020. Overall, imports showed a abrupt downturn. The most prominent rate of growth was recorded in 2011 when imports increased by X% y-o-y. Imports peaked at $X in 2015; however, from 2016 to 2020, imports failed to regain the momentum.

Imports by Country

The United Arab Emirates (X kg) and China (X kg) were the main suppliers of frozen boiled potatoes imports to Sri Lanka.

From 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (+X% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of frozen boiled potatoes to Sri Lanka, comprising X% of total imports. The second position in the ranking was occupied by China ($X), with a X% share of total imports.

From 2007 to 2020, the average annual rate of growth in terms of value from the United Arab Emirates amounted to +X%.

Import Prices by Country

The average frozen boiled potatoes import price stood at $X per ton in 2020, surging by X% against the previous year. Over the period under review, the import price enjoyed a significant expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of origin; the country with the highest price was the United Arab Emirates ($X per ton), while the price for China totaled $X per ton.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the United Arab Emirates.

Source: IndexBox Platform

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