Sri Lanka: Market for Jams, Marmalades, Fruit Jellies, Fruit Or Nut Purees And Pastes 2024

Market Size for Jams, Marmalades, Fruit Jellies, Fruit Or Nut Purees And Pastes in Sri Lanka

The Sri Lankan fruit or nut preserves market contracted slightly to $X in 2021, waning by -3.4% against the previous year. In general, the total consumption indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +5.3% 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 +3.3% against 2019 indices. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Production of Jams, Marmalades, Fruit Jellies, Fruit Or Nut Purees And Pastes in Sri Lanka

In value terms, fruit or nut preserves production dropped to $X in 2021 estimated in export price. Overall, the total production indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +6.0% 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 +2.6% against 2019 indices. The most prominent rate of growth was recorded in 2015 with an increase of 39% against the previous year. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Exports of Jams, Marmalades, Fruit Jellies, Fruit Or Nut Purees And Pastes

Exports from Sri Lanka

In 2021, the amount of jams, marmalades, fruit jellies, fruit or nut purees and pastes exported from Sri Lanka shrank to X tons, declining by -10.6% compared with 2020 figures. In general, exports continue to indicate a perceptible setback. The growth pace was the most rapid in 2018 when exports increased by 142%. As a result, the exports attained the peak of X tons. From 2019 to 2021, the growth of the exports failed to regain momentum.

In value terms, fruit or nut preserves exports reduced slightly to $X in 2021. The total export value increased at an average annual rate of +2.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of 60% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Australia (X tons), Maldives (X tons) and Canada (X tons) were the main destinations of fruit or nut preserves exports from Sri Lanka, together accounting for 54% of total exports. The UK, the United States, Japan, France, Italy, Switzerland, Germany, Kuwait, New Zealand and the United Arab Emirates lagged somewhat behind, together accounting for a further 37%.

From 2012 to 2021, the biggest increases were recorded for Japan (with a CAGR of +29.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for fruit or nut preserves exported from Sri Lanka were Australia ($X), Maldives ($X) and Canada ($X), together comprising 53% of total exports. The UK, the United States, Japan, Italy, France, Germany, Switzerland, Kuwait, New Zealand and the United Arab Emirates lagged somewhat behind, together accounting for a further 37%.

In terms of the main countries of destination, Japan, with a CAGR of +42.5%, recorded 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 2021, the average fruit or nut preserves export price amounted to $X per ton, increasing by 12% against the previous year. Overall, the export price recorded a prominent expansion. The pace of growth appeared the most rapid in 2019 when the average export price increased by 190%. The export price peaked at $X per ton in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to the United Arab Emirates ($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 (+9.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Jams, Marmalades, Fruit Jellies, Fruit Or Nut Purees And Pastes

Imports into Sri Lanka

In 2021, the amount of jams, marmalades, fruit jellies, fruit or nut purees and pastes imported into Sri Lanka shrank dramatically to X tons, with a decrease of -34.2% on the previous year's figure. In general, imports, however, continue to indicate a moderate increase. The pace of growth appeared the most rapid in 2014 with an increase of 188%. Over the period under review, imports attained the peak figure at X tons in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, fruit or nut preserves imports shrank to $X in 2021. Overall, imports, however, saw a prominent expansion. The most prominent rate of growth was recorded in 2014 with an increase of 147%. Over the period under review, imports attained the maximum at $X in 2016; however, from 2017 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, India (X tons) constituted the largest supplier of fruit or nut preserves to Sri Lanka, accounting for a 33% share of total imports. Moreover, fruit or nut preserves imports from India exceeded the figures recorded by the second-largest supplier, Belgium (X tons), twofold. Turkey (X tons) ranked third in terms of total imports with a 9% share.

From 2012 to 2021, the average annual growth rate of volume from India totaled +36.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+16.9% per year) and Turkey (+19.4% per year).

In value terms, the largest fruit or nut preserves suppliers to Sri Lanka were Turkey ($X), Malaysia ($X) and India ($X), together comprising 56% of total imports. Belgium, the UK, the United Arab Emirates, China, Switzerland, Italy, Taiwan (Chinese), France, Greece and Spain lagged somewhat behind, together comprising a further 39%.

The UK, with a CAGR of +88.2%, saw the highest rates of growth with regard to 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

The average fruit or nut preserves import price stood at $X per ton in 2021, jumping by 32% against the previous year. Over the last nine years, it increased at an average annual rate of +1.8%. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, 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 China (+10.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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