Sri Lanka: Brazil Nut Market 2024

Brazil Nut Market Size in Sri Lanka

In 2022, the Sri Lankan brazil nut market increased by X% to $X, rising for the third consecutive year after four years of decline. Over the period under review, consumption, however, recorded a pronounced slump. Brazil nut consumption peaked at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Brazil Nut Production in Sri Lanka

In value terms, brazil nut production rose rapidly to $X in 2022 estimated in export price. In general, the total production indicated perceptible 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, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of X%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

In 2022, the average yield of brazil nuts in Sri Lanka was estimated at less than X kg per ha, remaining relatively unchanged against the previous year's figure. 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.

In 2022, the total area harvested in terms of brazil nuts production in Sri Lanka amounted to less than X ha, approximately mirroring 2021. In general, the harvested area saw a relatively flat trend pattern.

Brazil Nut Exports

Exports from Sri Lanka

In 2022, shipments abroad of brazil nuts decreased by X% to X tons, falling for the third consecutive year after three years of growth. In general, exports, however, saw a strong expansion. The growth pace was the most rapid in 2017 with an increase of X%. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, brazil nut exports reduced to $X in 2022. Overall, exports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2019 when exports increased by X%. Over the period under review, the exports reached the maximum at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates (X tons), Kuwait (X tons) and Saudi Arabia (X tons) were the main destinations of brazil nut exports from Sri Lanka, together accounting for X% 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 Saudi Arabia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for brazil nut exported from Sri Lanka were Kuwait ($X), the United Arab Emirates ($X) and Saudi Arabia ($X), together comprising X% of total exports.

Saudi Arabia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average brazil nut export price stood at $X per ton in 2022, with an increase of X% against the previous year. In general, the export price continues to indicate prominent growth. The most prominent rate of growth was recorded in 2020 when the average export price increased by X%. The export price peaked in 2022 and is likely to see steady growth in years to come.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Bahrain ($X per ton), while the average price for exports to Qatar ($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 United Arab Emirates (X%), while the prices for the other major destinations experienced a decline.

Brazil Nut Imports

Imports into Sri Lanka

In 2022, overseas purchases of brazil nuts decreased by X% to X kg for the first time since 2014, thus ending a seven-year declining trend. In general, imports recorded a deep slump. The most prominent rate of growth was recorded in 2013 with an increase of X%. Imports peaked at X kg in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, brazil nut imports reduced remarkably to $X in 2022. Over the period under review, imports continue to indicate a noticeable shrinkage. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Australia (X kg) was the main brazil nut supplier to Sri Lanka, with a approx. X% share of total imports.

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

In value terms, Australia ($X) constituted the largest supplier of brazil nuts to Sri Lanka.

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

Import Prices by Country

In 2022, the average brazil nut import price amounted to $X per ton, jumping by X% against the previous year. In general, the import price recorded resilient growth. The pace of growth was the most pronounced in 2013 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2014; however, from 2015 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 Australia.

From 2012 to 2022, the rate of growth in terms of prices for India amounted to X% per year.

Source: IndexBox Platform

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