Sri Lanka: Pulses Market 2024

Pulses Market Size in Sri Lanka

The Sri Lankan pulses market shrank to $X in 2022, with a decrease of X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market remained at a somewhat lower figure.

Pulses Production in Sri Lanka

In value terms, pulses production rose remarkably to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. Pulses production peaked at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

In 2022, the average yield of pulses in Sri Lanka was estimated at X tons per ha, standing approx. at 2021 figures. In general, the yield, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of X%. As a result, the yield attained the peak level of X tons per ha. From 2015 to 2022, the growth of the average pulses yield remained at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the harvested area of pulses in Sri Lanka totaled X ha, picking up by X% against 2021. Over the period under review, the harvested area, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the harvested area increased by X% against the previous year. As a result, the harvested area attained the peak level of X ha. From 2021 to 2022, the growth of the pulses harvested area remained at a lower figure.

Pulses Exports

Exports from Sri Lanka

In 2022, approx. X tons of pulses were exported from Sri Lanka; waning by X% against 2021 figures. In general, exports faced a abrupt setback. The growth pace was the most rapid in 2020 with an increase of X%. As a result, the exports reached the peak of X tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, pulses exports fell notably to $X in 2022. Overall, exports showed a abrupt descent. The growth pace was the most rapid in 2020 when exports increased by X% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

India (X tons) was the main destination for pulses exports from Sri Lanka, with a X% share of total exports. Moreover, pulses exports to India exceeded the volume sent to the second major destination, Malaysia (X tons), sevenfold. The third position in this ranking was held by Qatar (X tons), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to India amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (X% per year) and Qatar (X% per year).

In value terms, India ($X) emerged as the key foreign market for pulses exports from Sri Lanka, comprising X% of total exports. The second position in the ranking was taken by Malaysia ($X), with a X% share of total exports. It was followed by Qatar, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to India amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (X% per year) and Qatar (X% per year).

Export Prices by Country

In 2022, the average pulses export price amounted to $X per ton, jumping by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, the export price attained 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 Australia ($X per ton), while the average price for exports to Pakistan ($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 Australia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Pulses Imports

Imports into Sri Lanka

In 2022, supplies from abroad of pulses decreased by X% to X tons, falling for the third consecutive year after three years of growth. Overall, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2016 to 2022, the growth of imports remained at a lower figure.

In value terms, pulses imports rose to $X in 2022. In general, total imports indicated pronounced growth 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, imports increased by X% against 2018 indices. The pace of growth was the most pronounced in 2014 with an increase of X%. Over the period under review, imports reached the maximum at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Australia (X tons) constituted the largest supplier of pulses to Sri Lanka, accounting for a X% share of total imports. Moreover, pulses imports from Australia exceeded the figures recorded by the second-largest supplier, India (X tons), sixfold. Canada (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Australia was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and Canada (X% per year).

In value terms, Australia ($X) constituted the largest supplier of pulses to Sri Lanka, comprising X% of total imports. The second position in the ranking was held by India ($X), with a X% share of total imports. It was followed by Canada, with a X% share.

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

Import Prices by Country

The average pulses import price stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period under review, import price indicated a tangible expansion from 2012 to 2022: its price 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, pulses import price increased by X% against 2018 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

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

Source: IndexBox Platform

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