Report Update Nov 1, 2024

Sri Lanka - Vegetable Puree - Market Analysis, Forecast, Size, Trends and Insights

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Sri Lanka: Vegetable Puree Market 2024

Vegetable Puree Market Size in Sri Lanka

In 2022, the Sri Lankan vegetable puree market decreased by -54.7% to $X, falling for the fourth year in a row after three years of growth. Over the period under review, consumption recorded a sharp curtailment. Vegetable puree consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Vegetable Puree Exports

Exports from Sri Lanka

In 2022, vegetable puree exports from Sri Lanka amounted to X kg, increasing by 2.4% on 2021 figures. Over the period under review, exports showed a resilient increase. The pace of growth was the most pronounced in 2016 when exports increased by 300%. Over the period under review, the exports attained the maximum in 2022 and are likely to see gradual growth in the immediate term.

In value terms, vegetable puree exports shrank slightly to $X in 2022. In general, exports continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2016 with an increase of 290% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then contracted modestly in the following year.

Exports by Country

Cyprus (X kg), Ireland (X kg) and Maldives (X kg) were the main destinations of vegetable puree exports from Sri Lanka, together accounting for 66% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Maldives (with a CAGR of +16.2%), while the other leaders experienced more modest paces of growth.

In value terms, Ireland ($X) emerged as the key foreign market for vegetable puree exports from Sri Lanka, comprising 58% of total exports. The second position in the ranking was held by Cyprus ($X), with an 11% share of total exports. It was followed by Maldives, with a 7.4% share.

From 2012 to 2022, the average annual growth rate of value to Ireland was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Cyprus (-2.7% per year) and Maldives (+10.3% per year).

Export Prices by Country

The average vegetable puree export price stood at $X per ton in 2022, reducing by -3.5% against the previous year. In general, the export price saw a perceptible slump. The growth pace was the most rapid in 2017 when the average export price increased by 21%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Cyprus ($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 the UK (+5.5%), while the prices for the other major destinations experienced a decline.

Vegetable Puree Imports

Imports into Sri Lanka

In 2022, supplies from abroad of vegetable puree decreased by -21.6% to X kg, falling for the fourth year in a row after three years of growth. Over the period under review, imports recorded a abrupt downturn. The most prominent rate of growth was recorded in 2016 with an increase of 416%. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, vegetable puree imports shrank sharply to $X in 2022. In general, imports recorded a significant decrease. The most prominent rate of growth was recorded in 2016 when imports increased by 364% against the previous year. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the United Arab Emirates (X kg) was the main supplier of vegetable puree to Sri Lanka, accounting for a approx. 100% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from the United Arab Emirates was relatively modest.

In value terms, the United Arab Emirates ($X) constituted the largest supplier of vegetable puree to Sri Lanka.

From 2012 to 2022, the average annual rate of growth in terms of value from the United Arab Emirates was relatively modest.

Import Prices by Country

The average vegetable puree import price stood at $X per ton in 2022, with a decrease of -47.4% against the previous year. Over the period under review, the import price showed a abrupt setback. The most prominent rate of growth was recorded in 2021 an increase of 60% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Thailand amounted to +2.1% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for vegetable puree in the world?

The countries with the highest volumes of vegetable puree consumption in 2021 were France, Pakistan and India, with a combined 34% share of global consumption. These countries were followed by Russia, Thailand, Belgium, Spain, the UK, China, Taiwan Chinese), Greece, Poland and the United States, which together accounted for a further 40%.

What are the largest producers of vegetable puree in the world?

The countries with the highest volumes of vegetable puree production in 2021 were France, Italy and Pakistan, together comprising 37% of global production.

What are the leading suppliers of vegetable puree to Sri Lanka?

In value terms, Singapore constituted the largest supplier of vegetable puree to Sri Lanka, comprising 46% of total imports. The second position in the ranking was occupied by Spain, with a 22% share of total imports. It was followed by Australia, with a 16% share.

What are the leading importers of vegetable puree from Sri Lanka?

In value terms, New Zealand $210), Maldives $109) and the UK $70) constituted the largest markets for vegetable puree exported from Sri Lanka worldwide, together accounting for 85% of total exports.

What is the average export price for vegetable puree in Sri Lanka?

The average vegetable puree export price stood at $3,367 per ton in 2021, with a decrease of -11.6% against the previous year.

What is the average import price for vegetable puree in Sri Lanka?

The average vegetable puree import price stood at $904 per ton in 2021, jumping by 22% against the previous year.

This report provides an in-depth analysis of the vegetable puree market in Sri Lanka. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 476 - Homogenized Vegetable Preparations

Country coverage:

Sri Lanka

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Sri Lanka
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023