Sri Lanka: Plum And Sloe Market 2025

Plum And Sloe Market Size in Sri Lanka

In 2022, after two years of decline, there was significant growth in the Sri Lankan plum and sloe market, when its value increased by 19% to $X. Overall, consumption, however, continues to indicate a abrupt decline. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Plum And Sloe Production in Sri Lanka

In value terms, plum and sloe production amounted to less than $X in 2022 estimated in export price. Over the period under review, production showed a relatively flat trend pattern.

The average yield of plums and sloes in Sri Lanka stood at less than X kg per ha in 2022, approximately reflecting the previous year. Over the period under review, the yield recorded a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The plum and sloe harvested area in Sri Lanka totaled less than X ha in 2022, almost unchanged from the year before. In general, the harvested area continues to indicate a relatively flat trend pattern.

Plum And Sloe Exports

Exports from Sri Lanka

In 2022, the amount of plums and sloes exported from Sri Lanka fell markedly to X tons, waning by -49.3% against the previous year's figure. Overall, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 6,691% against the previous year. As a result, the exports attained the peak of X tons, and then dropped remarkably in the following year.

In value terms, plum and sloe exports plummeted to $X in 2022. In general, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 7,318%. As a result, the exports attained the peak of $X, and then contracted notably in the following year.

Exports by Country

The United Arab Emirates (X tons) was the main destination for plum and sloe exports from Sri Lanka, accounting for a 60% share of total exports. Moreover, plum and sloe exports to the United Arab Emirates exceeded the volume sent to the second major destination, Kuwait (X kg), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United Arab Emirates stood at +30.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kuwait (+24.3% per year) and Maldives (+38.7% per year).

In value terms, the largest markets for plum and sloe exported from Sri Lanka were the United Arab Emirates ($X), Maldives ($X) and Kuwait ($X), together accounting for 99% of total exports.

In terms of the main countries of destination, the United Arab Emirates, with a CAGR of +37.1%, recorded the highest rates of growth with regard to the value of exports, 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 plum and sloe export price amounted to $X per ton, flattening at the previous year. In general, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average export price increased by 24% against the previous year. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Maldives ($X per ton), while the average price for exports to Kuwait ($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 the United Arab Emirates (+5.2%), while the prices for the other major destinations experienced a decline.

Plum And Sloe Imports

Imports into Sri Lanka

In 2022, approx. X tons of plums and sloes were imported into Sri Lanka; reducing by -89.6% compared with the previous year. Over the period under review, imports continue to indicate a dramatic setback. The most prominent rate of growth was recorded in 2015 when imports increased by 261% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, plum and sloe imports shrank rapidly to $X in 2022. In general, imports saw a sharp downturn. The pace of growth was the most pronounced in 2017 with an increase of 116% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the United Arab Emirates (X tons) was the main plum and sloe supplier to Sri Lanka, with a 99% share of total imports. It was followed by China (X kg), with a 1.1% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United Arab Emirates stood at +9.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-32.2% per year) and Italy (-33.7% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of plums and sloes to Sri Lanka, comprising 99% of total imports. The second position in the ranking was held by China ($X), with a 1.1% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from the United Arab Emirates amounted to +13.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-26.7% per year) and Italy (-35.1% per year).

Import Prices by Country

The average plum and sloe import price stood at $X per ton in 2022, surging by 31% against the previous year. Over the period under review, import price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, plum and sloe import price increased by +28.7% against 2018 indices. The growth pace was the most rapid in 2016 when the average import price increased by 95% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while the price for Italy ($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 States (+18.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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