Sri Lanka: Market for Roots and Tubers, nes 2022

Market Size for Roots and Tubers, nes in Sri Lanka

In 2020, the Sri Lankan roots and tubers, nes market increased by X% to $X, rising for the fifth consecutive year after four years of decline. In general, consumption showed a buoyant expansion. The most prominent rate of growth was recorded in 2016 when the market value increased by X% year-to-year. Roots and tubers, nes consumption peaked in 2020 and is expected to retain growth in the near future.

Production of Roots and Tubers, nes in Sri Lanka

In value terms, roots and tubers, nes production expanded modestly to $X in 2020 estimated in export prices. Overall, the total production indicated a temperate increase from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, production increased by +X% against 2017 indices. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Roots and tubers, nes production peaked in 2020 and is likely to see gradual growth in the immediate term.

The average yield of roots and tubers, nes in Sri Lanka amounted to X kg per ha in 2020, approximately reflecting 2019. In general, the yield saw 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 2020, the total area harvested in terms of roots and tubers, nes production in Sri Lanka was estimated at X ha, approximately equating the previous year. Over the period under review, the harvested area showed a relatively flat trend pattern.

Exports of Roots and Tubers, nes

Exports from Sri Lanka

In 2020, overseas shipments of roots and tubers, nes decreased by -X% to X tons, falling for the fifth consecutive year after four years of growth. Over the period under review, exports continue to indicate a abrupt setback. The pace of growth appeared the most rapid in 2013 with an increase of X% y-o-y. Over the period under review, exports hit record highs at X tons in 2015; however, from 2016 to 2020, exports failed to regain the momentum.

In value terms, roots and tubers, nes exports fell to $X in 2020. In general, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Exports peaked at $X in 2015; however, from 2016 to 2020, exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X tons) was the main destination for roots and tubers, nes exports from Sri Lanka, with a X% share of total exports. Moreover, roots and tubers, nes exports to the United Arab Emirates exceeded the volume sent to the second major destination, Canada (X tons), more than tenfold. Maldives (X tons) ranked third in terms of total exports with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume to the United Arab Emirates totaled -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (-X% per year) and Maldives (+X% per year).

In value terms, the United Arab Emirates ($X) remains the key foreign market for roots and tubers, nes exports from Sri Lanka, comprising X% of total exports. The second position in the ranking was occupied by Maldives ($X), with a X% share of total exports. It was followed by Australia, with a X% share.

From 2007 to 2020, the average annual growth rate of value to the United Arab Emirates totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Maldives (+X% per year) and Australia (+X% per year).

Export Prices by Country

The average roots and tubers, nes export price stood at $X per ton in 2020, growing by X% against the previous year. Overall, export price indicated a remarkable increase from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, roots and tubers, nes export price increased by +X% against 2017 indices. The pace of growth appeared the most rapid in 2019 when the average export price increased by X% y-o-y. The export price peaked in 2020 and is likely to see steady growth in years to come.

There were significant differences in the average prices for the major export markets. In 2020, the country with the highest price was the UK ($X per ton), while the average price for exports to Oman ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Maldives, while the prices for the other major destinations experienced more modest paces of growth.

Imports of Roots and Tubers, nes

Imports into Sri Lanka

In 2020, purchases abroad of roots and tubers, nes decreased by -X% to X tons, falling for the fifth consecutive year after four years of growth. In general, imports saw a deep downturn. The pace of growth was the most pronounced in 2015 when imports increased by X% year-to-year. Over the period under review, imports hit record highs at X tons in 2007; however, from 2008 to 2020, imports remained at a lower figure.

In value terms, roots and tubers, nes imports reduced to $X in 2020. Overall, imports recorded buoyant growth. The most prominent rate of growth was recorded in 2012 with an increase of X% year-to-year. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2020, imports remained at a lower figure.

Imports by Country

In 2020, India (X tons) was the main supplier of roots and tubers, nes to Sri Lanka, with a approx. X% share of total imports.

From 2007 to 2020, the average annual growth rate of volume from India totaled -X%.

In value terms, India ($X) constituted the largest supplier of roots and tubers, nes to Sri Lanka.

From 2007 to 2020, the average annual growth rate of value from India amounted to +X%.

Import Prices by Country

The average roots and tubers, nes import price stood at $X per ton in 2020, growing by X% against the previous year. Overall, the import price recorded a remarkable increase. The pace of growth appeared the most rapid in 2012 an increase of X% y-o-y. The import price peaked in 2020 and is likely to see steady growth in years to come.

As there is only one major supplying country, the average price level is determined by prices for India.

From 2007 to 2020, the rate of growth in terms of prices for India amounted to +X% per year.

Source: IndexBox Platform

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