Sri Lanka: Market for Jams, Jellies, Puree And Pastes 2024

Market Size for Jams, Jellies, Puree And Pastes in Sri Lanka

After three years of decline, the Sri Lankan market for jams, jellies, puree and pastes increased by 4.8% to $X in 2021. Over the period under review, the total consumption indicated a perceptible expansion from 2012 to 2021: its value increased at an average annual rate of +4.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -11.7% against 2017 indices. Over the period under review, the market reached the peak level at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Production of Jams, Jellies, Puree And Pastes in Sri Lanka

In value terms, jam, jelly, puree and paste production expanded markedly to $X in 2021 estimated in export price. Overall, the total production indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +5.6% 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 decreased by -12.7% against 2017 indices. The pace of growth was the most pronounced in 2013 with an increase of 35% against the previous year. Over the period under review, production reached the maximum level at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

Exports of Jams, Jellies, Puree And Pastes

Exports from Sri Lanka

In 2021, overseas shipments of jams, jellies, puree and pastes increased by 54% to X tons, rising for the third consecutive year after five years of decline. Overall, total exports indicated noticeable growth from 2012 to 2021: its volume increased at an average annual rate of +2.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +124.8% against 2018 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, jam, jelly, puree and paste exports soared to $X in 2021. Over the period under review, total exports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +8.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +99.3% against 2018 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Australia (X tons), Maldives (X tons) and Canada (X tons) were the main destinations of jam, jelly, puree and paste exports from Sri Lanka, together accounting for 46% of total exports. These countries were followed by the UK, the United States, India, the United Arab Emirates, Japan, Italy, Oman, Switzerland, Germany and Kuwait, which together accounted for a further 40%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Oman (with a CAGR of +84.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for jam, jelly, puree and paste exported from Sri Lanka were Australia ($X), Maldives ($X) and Canada ($X), with a combined 46% share of total exports. These countries were followed by the UK, the United States, Oman, the United Arab Emirates, Japan, India, Italy, Germany, Switzerland and Kuwait, which together accounted for a further 37%.

Oman, with a CAGR of +100.7%, recorded the highest rates of growth with regard to the value of exports, in terms of 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

In 2021, the average export price for jams, jellies, puree and pastes amounted to $X per ton, increasing by 9.9% against the previous year. In general, export price indicated a prominent expansion from 2012 to 2021: its price increased at an average annual rate of +5.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, jam, jelly, puree and paste export price decreased by -13.6% against 2017 indices. The pace of growth was the most pronounced in 2015 when the average export price increased by 56%. The export price peaked at $X per ton in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Oman ($X per ton), while the average price for exports to India ($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 Japan (+9.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Jams, Jellies, Puree And Pastes

Imports into Sri Lanka

In 2021, imports of jams, jellies, puree and pastes into Sri Lanka contracted markedly to X tons, waning by -31.6% compared with the year before. In general, imports, however, recorded a prominent increase. The pace of growth appeared the most rapid in 2014 when imports increased by 169% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, jam, jelly, puree and paste imports declined to $X in 2021. Over the period under review, imports, however, enjoyed buoyant growth. The most prominent rate of growth was recorded in 2014 when imports increased by 136% against the previous year. Over the period under review, imports reached the peak figure at $X in 2016; however, from 2017 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, India (X tons) constituted the largest supplier of jam, jelly, puree and paste to Sri Lanka, accounting for a 18% share of total imports. Moreover, jam, jelly, puree and paste imports from India exceeded the figures recorded by the second-largest supplier, Belgium (X tons), twofold. The third position in this ranking was taken by Vietnam (X tons), with a 7.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from India totaled +21.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+7.2% per year) and Vietnam (+8.6% per year).

In value terms, Turkey ($X), Malaysia ($X) and Vietnam ($X) were the largest jam, jelly, puree and paste suppliers to Sri Lanka, with a combined 24% share of total imports. These countries were followed by India, Belgium, Thailand, the UK, Austria, China, Switzerland, Spain, Taiwan (Chinese) and Greece, which together accounted for a further 25%.

Taiwan (Chinese), with a CAGR of +38.7%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average import price for jams, jellies, puree and pastes amounted to $X per ton, jumping by 28% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the average import price increased by 36% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Switzerland (+8.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :