Sri Lanka: Plantain Market 2024

Plantain Market Size in Sri Lanka

The Sri Lankan plantain market rose notably to $X in 2022, increasing by X% against the previous year. Overall, the total consumption indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2020 indices. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Plantain Production in Sri Lanka

In value terms, plantain production expanded markedly to $X in 2022 estimated in export price. In general, the total production indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. Plantain production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

In 2022, the average plantain yield in Sri Lanka amounted to X tons per ha, increasing by X% on 2021 figures. Overall, the yield indicated a measured increase from 2012 to 2022: its figure increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, plantain yield decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. As a result, the yield attained the peak level of X tons per ha. From 2021 to 2022, the growth of the average plantain yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The plantain harvested area in Sri Lanka expanded modestly to X ha in 2022, increasing by X% on the year before. In general, the harvested area, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the harvested area increased by X% against the previous year. Over the period under review, the harvested area dedicated to plantain production attained the peak figure at X ha in 2014; however, from 2015 to 2022, the harvested area stood at a somewhat lower figure.

Plantain Exports

Exports from Sri Lanka

In 2022, shipments abroad of plantains decreased by X% to X tons, falling for the second year in a row after two years of growth. Over the period under review, exports, however, recorded strong growth. The pace of growth appeared the most rapid in 2014 when exports increased by X%. Over the period under review, the exports attained the maximum at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, plantain exports contracted notably to $X in 2022. In general, exports, however, posted a prominent increase. The pace of growth appeared the most rapid in 2014 with an increase of X%. Over the period under review, the exports attained the maximum at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

Saudi Arabia (X tons) was the main destination for plantain exports from Sri Lanka, accounting for a X% share of total exports. Moreover, plantain exports to Saudi Arabia exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), twofold. The third position in this ranking was held by Qatar (X tons), with a X% share.

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

In value terms, Saudi Arabia ($X) remains the key foreign market for plantains exports from Sri Lanka, comprising X% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total exports. It was followed by Qatar, with an X% share.

From 2012 to 2022, the average annual growth rate of value to Saudi Arabia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Qatar (X% per year).

Export Prices by Country

In 2022, the average plantain export price amounted to $X per ton, declining by X% against the previous year. In general, the export price showed a noticeable downturn. The pace of growth appeared the most rapid in 2017 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2018 to 2022, the average export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Saudi Arabia ($X per ton) and the United Arab Emirates ($X per ton), while the average price for exports to Bahrain ($X per ton) and Qatar ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bahrain (X%), while the prices for the other major destinations experienced a decline.

Plantain Imports

Imports into Sri Lanka

After two years of decline, purchases abroad of plantains decreased by X% to X kg in 2019. In general, imports continue to indicate a significant decrease. The smallest decline of X% was in 2017. Over the period under review, imports attained the peak figure at X kg in 2013; however, from 2014 to 2019, imports remained at a lower figure.

In value terms, plantain imports stood at $X in 2019. Over the period under review, imports saw a significant decline. The smallest decline of X% was in 2017. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2019, imports stood at a somewhat lower figure.

Imports by Country

In 2019, Brazil (X kg) constituted the largest supplier of plantain to Sri Lanka, accounting for a X% share of total imports. Moreover, plantain imports from Brazil exceeded the figures recorded by the second-largest supplier, India (X kg), threefold.

From 2013 to 2019, the average annual rate of growth in terms of volume from Brazil was relatively modest.

In value terms, Brazil ($X) constituted the largest supplier of plantains to Sri Lanka, comprising X% of total imports. The second position in the ranking was taken by India ($X), with a X% share of total imports.

From 2013 to 2019, the average annual growth rate of value from Brazil was relatively modest.

Import Prices by Country

In 2019, the average plantain import price amounted to $X per ton, remaining constant against the previous year. Overall, the import price enjoyed a significant increase. The pace of growth was the most pronounced in 2017 a decrease of X% against the previous year. The import price peaked in 2019 and is likely to see gradual growth in the near future.

Average prices varied somewhat amongst the major supplying countries. In 2019, amid the top importers, the country with the highest price was India ($X per ton), while the price for Brazil totaled $X per ton.

From 2013 to 2019, the most notable rate of growth in terms of prices was attained by India (X%).

Source: IndexBox Platform

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