Sri Lanka: Poppy Seed Market 2025

Poppy Seed Market Size in Sri Lanka

The Sri Lankan poppy seed market amounted to $X in 2022, with an increase of 2.6% against the previous year. In general, consumption recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market remained at a somewhat lower figure.

Poppy Seed Production in Sri Lanka

In value terms, poppy seed production stood at $X in 2022 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the production volume increased by 54% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2022, production growth remained at a somewhat lower figure.

The average yield of poppy seed in Sri Lanka amounted to less than X kg per ha in 2022, remaining constant against 2021. In general, the yield showed 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.

In 2022, the total area harvested in terms of poppy seed production in Sri Lanka amounted to less than X ha, approximately equating the previous year's figure. Overall, the harvested area showed a relatively flat trend pattern.

Poppy Seed Exports

Exports from Sri Lanka

In 2022, shipments abroad of poppy seed decreased by -97.8% to X kg for the first time since 2017, thus ending a four-year rising trend. Overall, exports showed a dramatic decline. The growth pace was the most rapid in 2014 with an increase of 5,369%. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, poppy seed exports reduced dramatically to $X in 2022. Over the period under review, exports showed a dramatic decline. The pace of growth appeared the most rapid in 2014 when exports increased by 4,143%. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Cyprus (X kg) was the main destination for poppy seed exports from Sri Lanka, with a 92% share of total exports. Moreover, poppy seed exports to Cyprus exceeded the volume sent to the second major destination, Zambia (X kg), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Cyprus totaled +60.3%.

In value terms, Cyprus ($X) emerged as the key foreign market for poppy seed exports from Sri Lanka, comprising 94% of total exports. The second position in the ranking was held by Zambia ($X), with a 6.4% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Cyprus totaled +73.5%.

Export Prices by Country

In 2022, the average poppy seed export price amounted to $X per ton, growing by 239% against the previous year. Overall, the export price enjoyed a prominent expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Cyprus ($X per ton), while the average price for exports to Zambia amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cyprus (+8.2%).

Poppy Seed Imports

Imports into Sri Lanka

After three years of decline, overseas purchases of poppy seed increased by 6.1% to X kg in 2022. In general, imports, however, faced a deep reduction. The most prominent rate of growth was recorded in 2013 when imports increased by 28% against the previous year. As a result, imports reached the peak of X kg. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, poppy seed imports shrank slightly to $X in 2022. Overall, imports showed a buoyant expansion. The pace of growth was the most pronounced in 2017 with an increase of 158%. Over the period under review, imports reached the peak figure at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, India (X kg) was the main poppy seed supplier to Sri Lanka, with a approx. 100% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from India stood at -12.1%.

In value terms, India ($X) constituted the largest supplier of poppy seed to Sri Lanka.

From 2012 to 2022, the average annual growth rate of value from India stood at +5.8%.

Import Prices by Country

In 2022, the average poppy seed import price amounted to $X per ton, dropping by -8.2% against the previous year. Over the period under review, the import price, however, saw a significant increase. The most prominent rate of growth was recorded in 2017 an increase of 107%. Over the period under review, average import prices reached the peak figure at $X per ton in 2021, and then declined in the following year.

As there is only one major supplying country, 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 +20.4% per year.

Source: IndexBox Platform

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