Sri Lanka: Sugar Crop Market 2025

Sugar Crop Market Size in Sri Lanka

The Sri Lankan sugar crop market shrank slightly to $X in 2022, with a decrease of X% against the previous year. Overall, the total consumption indicated mild 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, consumption increased by X% against 2018 indices. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Sugar Crop Production in Sri Lanka

In value terms, sugar crop production declined remarkably to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

In 2022, the average sugar crop yield in Sri Lanka amounted to X tons per ha, surging by X% compared with 2021 figures. Over the period under review, the yield continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of X%. The sugar crop yield peaked at X tons per ha in 2020; however, from 2021 to 2022, the yield remained at a 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 total area harvested in terms of sugar crops production in Sri Lanka stood at X ha, stabilizing at 2021 figures. In general, the total harvested area indicated slight growth from 2012 to 2022: its figure 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, sugar crop harvested area increased by X% against 2019 indices. The pace of growth was the most pronounced in 2013 when the harvested area increased by X% against the previous year. The sugar crop harvested area peaked at X ha in 2016; however, from 2017 to 2022, the harvested area stood at a somewhat lower figure.

Sugar Crop Exports

Exports from Sri Lanka

In 2022, the amount of sugar crops exported from Sri Lanka soared to X tons, increasing by X% compared with 2021. Overall, exports recorded a significant expansion. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, sugar crop exports skyrocketed to $X in 2022. Over the period under review, exports, however, saw a noticeable contraction. Over the period under review, the exports hit record highs at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X tons) was the main destination for sugar crop exports from Sri Lanka, with a X% share of total exports. Moreover, sugar crop exports to the United Arab Emirates exceeded the volume sent to the second major destination, Maldives (X kg), twofold. The third position in this ranking was held by Switzerland (X kg), with a X% share.

From 2012 to 2022, the average annual growth rate of volume 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 Switzerland (X% per year).

In value terms, Maldives ($X), France ($X) and Switzerland ($X) appeared to be the largest markets for sugar crop exported from Sri Lanka worldwide, together accounting for X% of total exports.

Among the main countries of destination, France, with a CAGR of X%, saw the highest growth rate of 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

The average sugar crop export price stood at $X per ton in 2022, growing by X% against the previous year. Overall, the export price, however, recorded a precipitous slump. The pace of growth appeared the most rapid in 2018 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to the United Arab Emirates ($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 Sweden (X%), while the prices for the other major destinations experienced more modest paces of growth.

Sugar Crop Imports

Imports into Sri Lanka

In 2022, overseas purchases of sugar crops decreased by X% to X kg, falling for the fifth consecutive year after two years of growth. Overall, imports recorded a sharp reduction. The growth pace was the most rapid in 2016 when imports increased by X% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, sugar crop imports reduced sharply to $X in 2022. In general, imports showed a precipitous contraction. The pace of growth was the most pronounced in 2016 when imports increased by X%. Imports peaked at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, India (X kg) was the main sugar crop supplier to Sri Lanka, with a X% share of total imports. Moreover, sugar crop imports from India exceeded the figures recorded by the second-largest supplier, South Africa (X kg), more than tenfold. The United States (X kg) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from India amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (X% per year) and the United States (X% per year).

In value terms, the largest sugar crop suppliers to Sri Lanka were South Africa ($X), India ($X) and the United States ($X), with a combined X% share of total imports.

Among the main suppliers, the United States, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average sugar crop import price amounted to $X per ton, dropping by X% against the previous year. In general, the import price, however, showed a strong expansion. The most prominent rate of growth was recorded in 2018 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was South Africa ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (X%).

Source: IndexBox Platform

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