Sri Lanka: Nuts Market 2025

Nuts Market Size in Sri Lanka

In 2022, the Sri Lankan nuts market was finally on the rise to reach $X for the first time since 2018, thus ending a three-year declining trend. Overall, consumption, however, enjoyed a prominent increase. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Nuts Production in Sri Lanka

In value terms, nuts production reached $X in 2022 estimated in export price. Over the period under review, production showed a significant increase. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

In 2022, the average yield of nuts in Sri Lanka stood at X tons per ha, flattening at the previous year. In general, the yield enjoyed a resilient increase. The most prominent rate of growth was recorded in 2018 when the yield increased by X% against the previous year. The nuts yield peaked at X tons per ha in 2020; afterwards, it flattened through to 2022. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of nuts production in Sri Lanka expanded slightly to X ha, picking up by X% compared with the year before. Overall, the harvested area, however, saw a slight downturn. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. As a result, the harvested area reached the peak level of X ha. From 2018 to 2022, the growth of the nuts harvested area remained at a somewhat lower figure.

Nuts Exports

Exports from Sri Lanka

In 2022, nuts exports from Sri Lanka surged to X tons, growing by X% against 2021. In general, exports enjoyed a significant expansion. The pace of growth was the most pronounced in 2013 with an increase of X%. Over the period under review, the exports reached the peak figure at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, nuts exports soared to $X in 2022. Over the period under review, exports posted a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of X%. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

India (X tons) was the main destination for nuts exports from Sri Lanka, with a approx. X% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to India totaled X%.

In value terms, India ($X) also remains the key foreign market for nuts exports from Sri Lanka.

From 2012 to 2022, the average annual growth rate of value to India stood at X%.

Export Prices by Country

The average nuts export price stood at $X per ton in 2022, reducing by X% against the previous year. Overall, the export price, however, posted a resilient expansion. The pace of growth was the most pronounced in 2019 an increase of X%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2021, and then contracted in the following year.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2022, the rate of growth in terms of prices for India amounted to X% per year.

Nuts Imports

Imports into Sri Lanka

In 2022, nuts imports into Sri Lanka contracted sharply to X tons, dropping by X% on 2021. Overall, imports showed a abrupt slump. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2016 to 2022, the growth of imports failed to regain momentum.

In value terms, nuts imports shrank remarkably to $X in 2022. In general, imports continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2014 with an increase of X%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Tanzania (X tons) constituted the largest supplier of nuts to Sri Lanka, accounting for a X% share of total imports. Moreover, nuts imports from Tanzania exceeded the figures recorded by the second-largest supplier, the United States (X tons), threefold. The third position in this ranking was held by India (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Tanzania totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and India (X% per year).

In value terms, Tanzania ($X) constituted the largest supplier of nuts to Sri Lanka, comprising X% of total imports. The second position in the ranking was taken by the United States ($X), with a X% share of total imports. It was followed by India, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Tanzania stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and India (X% per year).

Import Prices by Country

The average nuts import price stood at $X per ton in 2022, with a decrease of X% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of X%. Over the period under review, average import prices attained the maximum at $X per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Turkey ($X per ton) and the United States ($X per ton), while the price for India ($X per ton) and Tanzania ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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