Sri Lanka: Vegetable Product Market 2024

Vegetable Product Market Size in Sri Lanka

The Sri Lankan vegetable product market reached $X in 2022, growing by X% against the previous year. In general, the total consumption indicated a tangible expansion 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 2019 indices. Vegetable product consumption peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Vegetable Product Production in Sri Lanka

In value terms, vegetable product production totaled $X in 2022 estimated in export price. Over the period under review, the total production indicated a noticeable increase 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 2019 indices. The most prominent rate of growth was recorded in 2016 when the production volume increased by X%. Vegetable product production peaked at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

The average yield of vegetable products in Sri Lanka reduced slightly to X tons per ha in 2022, leveling off at 2021 figures. Overall, the yield, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the yield increased by X%. The vegetable product yield peaked at X tons per ha in 2020; however, from 2021 to 2022, the yield stood at a somewhat 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, approx. X ha of vegetable products were harvested in Sri Lanka; picking up by X% on the year before. Overall, the total harvested area indicated a measured expansion 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, vegetable product harvested area increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2013 when the harvested area increased by X%. The vegetable product harvested area peaked at X ha in 2016; however, from 2017 to 2022, the harvested area stood at a somewhat lower figure.

Vegetable Product Exports

Exports from Sri Lanka

In 2022, approx. X tons of vegetable products were exported from Sri Lanka; with an increase of X% against the previous year. In general, exports showed a significant increase. The pace of growth was the most pronounced in 2016 with an increase of X%. The exports peaked in 2022 and are likely to continue growth in years to come.

In value terms, vegetable product exports reduced sharply to $X in 2022. Overall, exports saw a significant expansion. The most prominent rate of growth was recorded in 2016 when exports increased by X%. The exports peaked at $X in 2021, and then fell notably in the following year.

Exports by Country

The UK (X tons) was the main destination for vegetable product exports from Sri Lanka, with a X% share of total exports. Moreover, vegetable product exports to the UK exceeded the volume sent to the second major destination, Belgium (X tons), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to the UK amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (X% per year) and Saudi Arabia (X.6% per year).

In value terms, the UK ($X) remains the key foreign market for vegetable products exports from Sri Lanka, comprising X% of total exports. The second position in the ranking was taken by Belgium ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the UK stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (X% per year) and Saudi Arabia (X.1% per year).

Export Prices by Country

The average vegetable product export price stood at $X per ton in 2022, dropping by X% against the previous year. Over the period under review, the export price continues to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2014 an increase of X%. The export price peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to the UK ($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 Saudi Arabia (X%), while the prices for the other major destinations experienced a decline.

Vegetable Product Imports

Imports into Sri Lanka

After three years of growth, supplies from abroad of vegetable products decreased by X% to X tons in 2022. In general, imports faced a abrupt decrease. The pace of growth appeared the most rapid in 2014 when imports increased by X% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, vegetable product imports shrank significantly to $X in 2022. Overall, imports recorded a deep setback. The pace of growth was the most pronounced in 2014 with an increase of X%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, South Africa (X tons) was the main supplier of vegetable product to Sri Lanka, with a X% share of total imports. It was followed by China (X kg), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from South Africa amounted to X%.

In value terms, South Africa ($X) constituted the largest supplier of vegetable products to Sri Lanka, comprising X% of total imports. The second position in the ranking was held by China ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from South Africa amounted to X%.

Import Prices by Country

The average vegetable product import price stood at $X per ton in 2022, with an increase of X% against the previous year. Overall, import price indicated a tangible expansion from 2012 to 2022: its price 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, vegetable product import price decreased by X% against 2018 indices. The growth pace was the most rapid in 2014 an increase of X% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Africa ($X per ton), while the price for China stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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