Sri Lanka: Mixed Juices Market 2024

Mixed Juices Market Size in Sri Lanka

The Sri Lankan mixed juices market dropped modestly to $X in 2022, remaining stable against the previous year. In general, consumption, however, continues to indicate a relatively flat trend pattern. Mixed juices consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Mixed Juices Production in Sri Lanka

In value terms, mixed juices production fell slightly to $X in 2022 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 18%. Mixed juices production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Mixed Juices Exports

Exports from Sri Lanka

In 2022, the amount of mixtures of fruit and vegetable juices exported from Sri Lanka rose markedly to X tons, increasing by 14% against the previous year's figure. In general, exports, however, continue to indicate a abrupt decrease. The pace of growth was the most pronounced in 2015 when exports increased by 239% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, mixed juices exports fell slightly to $X in 2022. Over the period under review, exports, however, continue to indicate a slight curtailment. The pace of growth was the most pronounced in 2015 when exports increased by 313% against the previous year. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Canada (X tons), Maldives (X tons) and the UK (X tons) were the main destinations of mixed juices exports from Sri Lanka, together comprising 61% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the UK (with a CAGR of +42.8%), while the other leaders experienced more modest paces of growth.

In value terms, Maldives ($X), the UK ($X) and Canada ($X) constituted the largest markets for mixed juices exported from Sri Lanka worldwide, with a combined 60% share of total exports.

The UK, with a CAGR of +47.1%, 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 2022, the average mixed juices export price amounted to $X per ton, shrinking by -16.1% against the previous year. Over the period under review, the export price, however, recorded a prominent expansion. The most prominent rate of growth was recorded in 2014 an increase of 94%. The export price peaked at $X per ton in 2021, and then reduced notably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Canada ($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 India (+21.4%), while the prices for the other major destinations experienced more modest paces of growth.

Mixed Juices Imports

Imports into Sri Lanka

In 2022, after two years of growth, there was significant decline in overseas purchases of mixtures of fruit and vegetable juices, when their volume decreased by -29% to X tons. Over the period under review, imports, however, continue to indicate a strong increase. The growth pace was the most rapid in 2016 with an increase of 304%. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, mixed juices imports declined to $X in 2022. In general, imports, however, continue to indicate a prominent expansion. The growth pace was the most rapid in 2016 with an increase of 514% against the previous year. Imports peaked at $X in 2021, and then contracted in the following year.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest supplier of mixed juices to Sri Lanka, with a 80% share of total imports. Moreover, mixed juices imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Israel (X tons), sevenfold. Vietnam (X tons) ranked third in terms of total imports with a 6.1% share.

From 2012 to 2022, the average annual growth rate of volume from the Netherlands amounted to +39.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Israel (+6.3% per year) and Vietnam (0.0% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of mixtures of fruit and vegetable juices to Sri Lanka, comprising 76% of total imports. The second position in the ranking was taken by Vietnam ($X), with a 12% share of total imports. It was followed by Israel, with a 9.9% share.

From 2012 to 2022, the average annual growth rate of value from the Netherlands stood at +41.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (0.0% per year) and Israel (+3.9% per year).

Import Prices by Country

The average mixed juices import price stood at $X per ton in 2022, surging by 20% against the previous year. Overall, the import price recorded a resilient expansion. The growth pace was the most rapid in 2016 an increase of 52% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Vietnam ($X per ton), while the price for Australia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+10.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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