Sri Lanka: Vinegar-Preserved Vegetable Market 2025

Vinegar-Preserved Vegetable Market Size in Sri Lanka

The Sri Lankan vinegar-preserved vegetable market soared to $X in 2022, rising by 28% against the previous year. Overall, consumption saw a measured increase. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Vinegar-Preserved Vegetable Production in Sri Lanka

In value terms, vinegar-preserved vegetable production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.1% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2013 when the production volume increased by 5.8%. Vinegar-preserved vegetable production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Vinegar-Preserved Vegetable Exports

Exports from Sri Lanka

In 2022, the amount of vegetables in vinegar other than potatoes exported from Sri Lanka reduced to X tons, which is down by -7.6% against the year before. Overall, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 when exports increased by 13% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, vinegar-preserved vegetable exports reduced to $X in 2022. Over the period under review, exports, however, continue to indicate modest growth. The pace of growth was the most pronounced in 2018 when exports increased by 15% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Japan (X tons) was the main destination for vinegar-preserved vegetable exports from Sri Lanka, with a 40% share of total exports. Moreover, vinegar-preserved vegetable exports to Japan exceeded the volume sent to the second major destination, Spain (X tons), fourfold. The third position in this ranking was taken by Australia (X tons), with an 8.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Japan stood at +1.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (-3.3% per year) and Australia (-1.2% per year).

In value terms, Japan ($X) remains the key foreign market for vegetables in vinegar other than potatoes exports from Sri Lanka, comprising 45% of total exports. The second position in the ranking was taken by Spain ($X), with an 11% share of total exports. It was followed by Taiwan (Chinese), with a 7.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Japan stood at +2.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (-2.8% per year) and Taiwan (Chinese) (+2.7% per year).

Export Prices by Country

In 2022, the average vinegar-preserved vegetable export price amounted to $X per ton, growing by 4% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.4%. The growth pace was the most rapid in 2013 an increase of 6.7%. The export price peaked in 2022 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to Australia ($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 Hong Kong SAR (+2.8%), while the prices for the other major destinations experienced more modest paces of growth.

Vinegar-Preserved Vegetable Imports

Imports into Sri Lanka

In 2022, purchases abroad of vegetables in vinegar other than potatoes decreased by -61.7% to X tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports saw a pronounced decrease. The most prominent rate of growth was recorded in 2016 with an increase of 662% against the previous year. Over the period under review, imports hit record highs at X tons in 2021, and then declined significantly in the following year.

In value terms, vinegar-preserved vegetable imports fell remarkably to $X in 2022. In general, imports saw a abrupt slump. The most prominent rate of growth was recorded in 2016 when imports increased by 493%. Imports peaked at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, India (X tons) constituted the largest supplier of vinegar-preserved vegetable to Sri Lanka, with a 78% share of total imports. Moreover, vinegar-preserved vegetable imports from India exceeded the figures recorded by the second-largest supplier, China (X tons), sevenfold. Spain (X tons) ranked third in terms of total imports with a 6.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from India amounted to +1.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (0.0% per year) and Spain (-4.3% per year).

In value terms, India ($X) constituted the largest supplier of vegetables in vinegar other than potatoes to Sri Lanka, comprising 78% of total imports. The second position in the ranking was taken by China ($X), with a 9.4% share of total imports. It was followed by Spain, with a 6.8% share.

From 2012 to 2022, the average annual growth rate of value from India totaled +3.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (0.0% per year) and Spain (-5.9% per year).

Import Prices by Country

In 2022, the average vinegar-preserved vegetable import price amounted to $X per ton, picking up by 18% against the previous year. Over the period under review, the import price, however, saw a perceptible decrease. The pace of growth was the most pronounced in 2018 an increase of 28%. The import price peaked at $X per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Singapore ($X per ton), while the price for China ($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 (+1.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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