Sri Lanka: Market for Non-Citrus Fruits Not Elsewhere Classified 2024

Market Size for Non-Citrus Fruits Not Elsewhere Classified in Sri Lanka

The Sri Lankan market for non-citrus fruits not elsewhere classified reduced to $X in 2022, with a decrease of -5.7% against the previous year. Over the period under review, consumption, however, saw a mild expansion. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Production of Non-Citrus Fruits Not Elsewhere Classified in Sri Lanka

In value terms, non-citrus fruits not elsewhere classified production fell to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.5% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 57%. Non-citrus fruits not elsewhere classified production peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Exports of Non-Citrus Fruits Not Elsewhere Classified

Exports from Sri Lanka

In 2022, the amount of non-citrus fruits not elsewhere classified exported from Sri Lanka rose notably to X tons, surging by 15% on 2021. Overall, exports posted a buoyant expansion. The pace of growth appeared the most rapid in 2017 with an increase of 206% 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, non-citrus fruits not elsewhere classified exports surged to $X in 2022. Over the period under review, exports recorded significant growth. The most prominent rate of growth was recorded in 2019 with an increase of 217% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.

Exports by Country

Maldives (X tons) was the main destination for non-citrus fruits not elsewhere classified exports from Sri Lanka, accounting for a 60% share of total exports. Moreover, non-citrus fruits not elsewhere classified exports to Maldives exceeded the volume sent to the second major destination, the UK (X tons), sevenfold. The third position in this ranking was held by Qatar (X tons), with a 5.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Maldives amounted to +14.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+48.4% per year) and Qatar (+17.6% per year).

In value terms, Maldives ($X) remains the key foreign market for non-citrus fruits not elsewhere classified exports from Sri Lanka, comprising 40% of total exports. The second position in the ranking was held by the UK ($X), with a 13% share of total exports. It was followed by the United Arab Emirates, with an 8.4% share.

From 2012 to 2022, the average annual growth rate of value to Maldives totaled +19.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+54.0% per year) and the United Arab Emirates (+16.7% per year).

Export Prices by Country

In 2022, the average export price for non-citrus fruits not elsewhere classified amounted to $X per ton, increasing by 4.5% against the previous year. In general, export price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of +6.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, non-citrus fruits not elsewhere classified export price increased by +45.0% against 2020 indices. The pace of growth appeared the most rapid in 2013 an increase of 48% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Switzerland ($X per ton), while the average price for exports to Oman ($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 Kuwait (+10.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Citrus Fruits Not Elsewhere Classified

Imports into Sri Lanka

In 2022, imports of non-citrus fruits not elsewhere classified into Sri Lanka declined notably to X tons, falling by -66.5% compared with 2021. Over the period under review, imports, however, enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2015 with an increase of 151% against the previous year. Over the period under review, imports reached the maximum at X tons in 2021, and then plummeted in the following year.

In value terms, non-citrus fruits not elsewhere classified imports dropped remarkably to $X in 2022. Overall, imports, however, saw a strong increase. The most prominent rate of growth was recorded in 2015 with an increase of 120% against the previous year. Over the period under review, imports reached the peak figure at $X in 2021, and then fell sharply in the following year.

Imports by Country

Egypt (X tons), India (X tons) and China (X tons) were the main suppliers of non-citrus fruits not elsewhere classified imports to Sri Lanka, with a combined 99.9% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Egypt (with a CAGR of +36.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, India ($X), Egypt ($X) and China ($X) constituted the largest non-citrus fruits not elsewhere classified suppliers to Sri Lanka, together comprising 100% of total imports.

In terms of the main suppliers, Egypt, with a CAGR of +35.3%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for non-citrus fruits not elsewhere classified stood at $X per ton in 2022, falling by -19% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.9%. The most prominent rate of growth was recorded in 2013 an increase of 51% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the average 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 India ($X per ton), while the price for Egypt ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+6.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform