Price for Vegetables; Potatoes (Other than Seed), Fresh or Chilled in Sri Lanka - 2022
Contents:
- Price for Vegetables; Potatoes (Other than Seed), Fresh or Chilled in Sri Lanka (CIF) - 2022
- Price for Vegetables; Potatoes (Other than Seed), Fresh or Chilled in Sri Lanka (FOB) - 2022
- Imports of Vegetables; Potatoes (Other than Seed), Fresh or Chilled in Sri Lanka
- Exports of Vegetables; Potatoes (Other than Seed), Fresh or Chilled in Sri Lanka
Price for Vegetables; Potatoes (Other than Seed), Fresh or Chilled in Sri Lanka (CIF) - 2022
The average import price for vegetables; potatoes (other than seed), fresh or chilleds stood at $247 per ton in 2022, reducing by -6.2% against the previous year. Over the last decade, it increased at an average annual rate of +1.9%. The growth pace was the most rapid in 2019 an increase of 40% against the previous year. The import price peaked at $302 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were China ($310 per ton) and India ($305 per ton), while the price for Bangladesh ($225 per ton) and Pakistan ($242 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (+3.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Vegetables; Potatoes (Other than Seed), Fresh or Chilled in Sri Lanka (FOB) - 2022
The average export price for vegetables; potatoes (other than seed), fresh or chilleds stood at $711 per ton in 2022, waning by -12.3% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the average export price increased by 39%. The export price peaked at $1,031 per ton in 2020; however, from 2021 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 Maldives ($4,496 per ton), while the average price for exports to the United States ($425 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 Maldives (+11.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Vegetables; Potatoes (Other than Seed), Fresh or Chilled in Sri Lanka
In 2022, supplies from abroad of vegetables; potatoes (other than seed), fresh or chilleds was finally on the rise to reach 154K tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, total imports indicated a tangible increase from 2019 to 2022: its volume increased at an average annual rate of +2.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of vegetables; potatoes (other than seed), fresh or chilleds skyrocketed to $38M in 2022. The total import value increased at an average annual rate of +3.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Vegetables; Potatoes (Other than Seed), Fresh or Chilled in Sri Lanka (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Pakistan | 22.6 | 20.2 | 15.3 | 28.8 | 8.4% |
| Bangladesh | 0.7 | 0.6 | 2.8 | 4.2 | 81.7% |
| India | 3.9 | 3.8 | 3.8 | 3.4 | -4.5% |
| China | 5.6 | 7.5 | 3.1 | 1.5 | -35.5% |
| Others | 1.1 | 2.8 | 0.5 | N/A | -32.6% |
| Total | 34.0 | 34.9 | 25.5 | 37.9 | 3.7% |
Top Suppliers of Vegetables; Potatoes (Other than Seed), Fresh or Chilled to Sri Lanka in 2022:
- Pakistan (119.1K tons)
- Bangladesh (18.6K tons)
- India (11.3K tons)
- China (4.8K tons)
Exports of Vegetables; Potatoes (Other than Seed), Fresh or Chilled in Sri Lanka
In 2022, overseas shipments of vegetables; potatoes (other than seed), fresh or chilleds decreased by -46.4% to 21 tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, continue to indicate strong growth. The pace of growth appeared the most rapid in 2020 when exports increased by 125% against the previous year.
In value terms, exports of vegetables; potatoes (other than seed), fresh or chilleds fell remarkably to $15K in 2022. In general, exports, however, posted a prominent increase. The most prominent rate of growth was recorded in 2020 when exports increased by 172%. As a result, the exports reached the peak of $34K. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Vegetables; Potatoes (Other than Seed), Fresh or Chilled in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1.4 | 11.2 | 16.4 | 8.3 | 81.0% |
| Maldives | 0.5 | 2.0 | 1.1 | 6.6 | 136.3% |
| United Arab Emirates | 0.2 | 1.3 | 0.2 | 0.3 | 14.5% |
| Kuwait | 3.0 | 3.2 | 1.0 | N/A | -42.3% |
| Canada | 6.8 | 14.1 | 11.5 | N/A | 30.0% |
| Others | 0.3 | 1.7 | 2.2 | N/A | 170.8% |
| Total | 12.3 | 33.5 | 32.4 | 15.2 | 7.3% |
Top Export Markets for Vegetables; Potatoes (Other than Seed), Fresh or Chilled from Sri Lanka in 2022:
- United States (19.6 tons)
- Maldives (1.5 tons)
- United Arab Emirates (0.4 tons)
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