Sri Lanka: Market for Peel Of Citrus Fruit Or Melons 2024

Market Size for Peel Of Citrus Fruit Or Melons in Sri Lanka

The Sri Lankan market for peel of citrus fruit or melons rose to $X in 2021, increasing by 3.6% against the previous year. Overall, consumption, however, saw buoyant growth. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Peel Of Citrus Fruit Or Melons in Sri Lanka

In value terms, citrus fruit or melons peel production rose notably to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a strong expansion. The most prominent rate of growth was recorded in 2019 with an increase of 70%. As a result, production reached the peak level of $X. From 2020 to 2021, production growth failed to regain momentum.

Exports of Peel Of Citrus Fruit Or Melons

Exports from Sri Lanka

In 2021, approx. X kg of peel of citrus fruit or melons were exported from Sri Lanka; reducing by -57.8% compared with 2020. Overall, exports saw a noticeable shrinkage. The pace of growth appeared the most rapid in 2013 with an increase of 193%. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, citrus fruit or melons peel exports contracted to $X in 2021. In general, exports, however, continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2017 when exports increased by 222%. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

The UK (X kg), the United States (X kg) and Australia (X kg) were the main destinations of citrus fruit or melons peel exports from Sri Lanka, together accounting for 89% of total exports.

From 2012 to 2021, 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 0.0%), while the other leaders experienced a decline.

In value terms, the UK ($X) emerged as the key foreign market for peel of citrus fruit or melons exports from Sri Lanka, comprising 64% of total exports. The second position in the ranking was held by the United States ($X), with a 14% share of total exports. It was followed by Australia, with a 6.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the UK was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-19.0% per year) and Australia (-13.1% per year).

Export Prices by Country

In 2021, the average export price for peel of citrus fruit or melons amounted to $X per ton, rising by 109% against the previous year. Overall, the export price saw a buoyant expansion. 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 the UK ($X per ton), while the average price for exports to Maldives ($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 Australia (+14.7%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Peel Of Citrus Fruit Or Melons

Imports into Sri Lanka

In 2021, approx. X tons of peel of citrus fruit or melons were imported into Sri Lanka; reducing by -39% against the year before. Overall, imports saw a deep setback. The growth pace was the most rapid in 2013 with an increase of 141% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, citrus fruit or melons peel imports reduced remarkably to $X in 2021. In general, imports saw a slight descent. The most prominent rate of growth was recorded in 2013 when imports increased by 145%. Imports peaked at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

Germany (X tons), Turkey (X tons) and Australia (X kg) were the main suppliers of citrus fruit or melons peel imports to Sri Lanka, with a combined 98% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Australia (with a CAGR of +42.1%), while imports for the other leaders experienced a decline.

In value terms, the largest citrus fruit or melons peel suppliers to Sri Lanka were Germany ($X), Turkey ($X) and Australia ($X), with a combined 98% share of total imports.

Among the main suppliers, Australia, with a CAGR of +50.2%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average import price for peel of citrus fruit or melons stood at $X per ton in 2021, picking up by 2% against the previous year. Over the period under review, import price indicated a prominent expansion from 2012 to 2021: its price increased at an average annual rate of +7.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, citrus fruit or melons peel import price decreased by -0.9% against 2018 indices. The most prominent rate of growth was recorded in 2014 when the average import price increased by 33% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2018; afterwards, it flattened through to 2021.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+12.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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