Sri Lanka: Spinach Market 2025

Spinach Market Size in Sri Lanka

In 2022, the Sri Lankan spinach market decreased by 0% to less than $X for the first time since 2019, thus ending a two-year declining trend. Over the period under review, consumption, however, enjoyed a significant increase. Spinach consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Spinach Production in Sri Lanka

In value terms, spinach production fell markedly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a pronounced curtailment. The pace of growth was the most pronounced in 2013 when the production volume increased by 137%. Spinach production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

The average yield of spinach 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 continues to indicate 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 spinach harvested area in Sri Lanka amounted to less than X ha in 2022, standing approx. at the year before. In general, the harvested area recorded a relatively flat trend pattern.

Spinach Exports

Exports from Sri Lanka

Spinach exports from Sri Lanka amounted to X kg in 2019, stabilizing at the previous year's figure. Overall, exports saw significant growth. The pace of growth appeared the most rapid in 2013 when exports increased by 125% against the previous year. The exports peaked in 2019 and are expected to retain growth in the near future.

In value terms, spinach exports amounted to $X in 2019. Over the period under review, exports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2013 when exports increased by 209% against the previous year. Over the period under review, the exports reached the peak figure in 2019 and are expected to retain growth in the near future.

Exports by Country

Canada (X kg) was the main destination for spinach exports from Sri Lanka, with a 54% share of total exports. Moreover, spinach exports to Canada exceeded the volume sent to the second major destination, Kuwait (X kg), threefold. The third position in this ranking was held by Maldives (X kg), with a 16% share.

From 2012 to 2019, the average annual growth rate of volume to Canada totaled +119.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kuwait (+86.0% per year) and Maldives (+43.5% per year).

It was followed by Maldives, with a 6.7% share.

From 2012 to 2019, the average annual rate of growth in terms of value to Canada amounted to +184.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kuwait (+156.8% per year) and Maldives (+65.1% per year).

Export Prices by Country

In 2019, the average spinach export price amounted to $X per ton, standing approx. at the previous year. Over the period under review, the export price showed a significant expansion. The pace of growth appeared the most rapid in 2013 when the average export price increased by 37% against the previous year. The export price peaked in 2019 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to Maldives ($X per ton) was amongst the lowest.

From 2012 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Kuwait (+38.1%), while the prices for the other major destinations experienced more modest paces of growth.

Spinach Imports

Imports into Sri Lanka

After two years of decline, supplies from abroad of spinach decreased by 0% to X kg in 2022. Overall, imports faced a sharp downturn. The growth pace was the most rapid in 2013 when imports increased by 80%. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, spinach imports fell to $X in 2022. In general, imports showed a sharp contraction. The most prominent rate of growth was recorded in 2013 with an increase of 314%. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

China (X kg), the Netherlands (X kg) and India (X kg) were the main suppliers of spinach imports to Sri Lanka, with a combined 67% share of total imports. Moreover, spinach imports in China exceeded the figures recorded by the second-largest supplier, the Netherlands, twofold.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of 0.0%), while imports for the other leaders experienced a decline.

In value terms, the largest spinach suppliers to Sri Lanka were China ($X), the Netherlands ($X) and India ($X), with a combined 67% share of total imports. Moreover, spinach imports in China exceeded the figures recorded by the second-largest supplier, the Netherlands, twofold.

Among the main suppliers, the Netherlands, with a CAGR of 0.0%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average spinach import price stood at $X per ton in 2022, dropping by -14.3% against the previous year. Over the period under review, the import price, however, enjoyed a modest expansion. The most prominent rate of growth was recorded in 2013 when the average import price increased by 130% against the previous year. The import price peaked at $X per ton in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were India ($X per ton) and the United Arab Emirates ($X per ton), while the price for China ($X per ton) and Belgium ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+4.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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