Sri Lanka: Mango And Mangosteen Market 2024

Mango And Mangosteen Market Size in Sri Lanka

The Sri Lankan mango and mangosteen market was estimated at $X in 2022, remaining relatively unchanged against the previous year. Overall, consumption, however, continues to indicate buoyant growth. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Mango And Mangosteen Production in Sri Lanka

In value terms, mango and mangosteen production expanded markedly to $X in 2022 estimated in export price. Overall, production, however, enjoyed a prominent increase. The most prominent rate of growth was recorded in 2020 with an increase of 76%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

In 2022, the average yield of mangoes, mangosteens and guavas in Sri Lanka reduced remarkably to X tons per ha, waning by -15.1% compared with the year before. In general, the yield, however, saw prominent growth. The most prominent rate of growth was recorded in 2021 when the yield increased by 41%. As a result, the yield reached the peak level of X tons per ha, and then dropped remarkably in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of mangoes, mangosteens and guavas were harvested in Sri Lanka; with an increase of 3.1% compared with the previous year's figure. Over the period under review, the harvested area continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 7.9%. Over the period under review, the harvested area dedicated to mango and mangosteen production attained the maximum at X ha in 2016; however, from 2017 to 2022, the harvested area stood at a somewhat lower figure.

Mango And Mangosteen Exports

Exports from Sri Lanka

Mango and mangosteen exports from Sri Lanka shrank to X tons in 2022, declining by -14.3% compared with 2021. In general, exports, however, recorded a remarkable increase. The growth pace was the most rapid in 2013 with an increase of 595% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, mango and mangosteen exports skyrocketed to $X in 2022. Overall, exports, however, continue to indicate a significant increase. The growth pace was the most rapid in 2013 with an increase of 699% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X tons) was the main destination for mango and mangosteen exports from Sri Lanka, with a 40% share of total exports. Moreover, mango and mangosteen exports to the United Arab Emirates exceeded the volume sent to the second major destination, Qatar (X tons), threefold. Maldives (X tons) ranked third in terms of total exports with an 8.6% share.

From 2012 to 2022, the average annual growth rate of volume to the United Arab Emirates amounted to +10.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (+47.2% per year) and Maldives (+7.2% per year).

In value terms, the United Arab Emirates ($X), Qatar ($X) and Canada ($X) appeared to be the largest markets for mango and mangosteen exported from Sri Lanka worldwide, together comprising 45% of total exports. Oman, Saudi Arabia, Kuwait, Maldives, Bahrain and France lagged somewhat behind, together comprising a further 33%.

In terms of the main countries of destination, Oman, with a CAGR of +92.3%, saw the highest growth rate of 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

The average mango and mangosteen export price stood at $X per ton in 2022, increasing by 44% against the previous year. Over the period under review, export price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, mango and mangosteen export price increased by +80.8% against 2017 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to Maldives ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+14.9%), while the prices for the other major destinations experienced more modest paces of growth.

Mango And Mangosteen Imports

Imports into Sri Lanka

Mango and mangosteen imports into Sri Lanka shrank markedly to X kg in 2022, declining by 99.9% compared with the year before. In general, imports continue to indicate a dramatic decline. The pace of growth was the most pronounced in 2021 when imports increased by 66%. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, mango and mangosteen imports reduced markedly to $X in 2022. Overall, imports saw a precipitous curtailment. The most prominent rate of growth was recorded in 2016 when imports increased by 7.3% against the previous year. As a result, imports attained the peak of $X. From 2017 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, India (X kg) constituted the largest mango and mangosteen supplier to Sri Lanka, with a 77% share of total imports. Moreover, mango and mangosteen imports from India exceeded the figures recorded by the second-largest supplier, Vietnam (X kg), sevenfold. Singapore (X kg) ranked third in terms of total imports with a 5.4% share.

From 2012 to 2022, the average annual growth rate of volume from India stood at -57.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (0.0% per year) and Singapore (-29.3% per year).

In value terms, the largest mango and mangosteen suppliers to Sri Lanka were India ($X), Vietnam ($X) and Singapore ($X), together comprising 53% of total imports.

Vietnam, with a CAGR of 0.0%, 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 a decline.

Import Prices by Country

In 2022, the average mango and mangosteen import price amounted to $X per ton, rising by 164% against the previous year. Over the period under review, the import price showed prominent growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Vietnam ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-0.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :