Sri Lanka - Dried Onions - Market Analysis, Forecast, Size, Trends And Insights
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View PricingDried Onion Price in Sri Lanka - 2021
Contents:
- Dried Onion Price in Sri Lanka (CIF) - 2022
- Dried Onion Price in Sri Lanka (FOB) - 2022
- Dried Onion Imports in Sri Lanka
- Dried Onion Exports in Sri Lanka
Dried Onion Price in Sri Lanka (CIF) - 2022
The average dried onion import price stood at $5,806 per ton in 2022, with an increase of 116% against the previous year. Overall, the import price posted a resilient increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($10,109 per ton), while the price for India ($4,998 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (-2.0%), while the prices for the other major suppliers experienced a decline.
Dried Onion Price in Sri Lanka (FOB) - 2022
The average dried onion export price stood at $4,613 per ton in 2022, rising by 55% against the previous year. Over the period under review, export price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, dried onion export price decreased by -1.2% against 2020 indices. The pace of growth appeared the most rapid in 2017 when the average export price increased by 58%. As a result, the export price attained the peak level of $5,389 per ton. From 2018 to 2022, the average export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Cyprus.
From 2012 to 2022, the rate of growth in terms of prices for Australia amounted to +23.2% per year.
Dried Onion Imports in Sri Lanka
In 2022, purchases abroad of dried onions decreased by -69.1% to 37 tons, falling for the second consecutive year after two years of growth. Over the period under review, imports faced a dramatic setback. The growth pace was the most rapid in 2020 when imports increased by 15%. As a result, imports attained the peak of 121 tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, dried onion imports shrank notably to $217K in 2022. In general, imports continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2021 with an increase of 19% against the previous year. As a result, imports reached the peak of $325K, and then declined notably in the following year.
| Import of Dried Onion in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 114 | 30.8 | 51.1 | 153 | 10.3% |
| China | 6.9 | 14.7 | 27.4 | 48.8 | 92.0% |
| United States | 27.5 | 7.8 | 13.5 | 15.5 | -17.4% |
| Pakistan | 112 | 211 | 209 | N/A | 36.6% |
| Others | 28.2 | 9.0 | 24.4 | N/A | -7.0% |
| Total | 288 | 273 | 325 | 217 | -9.0% |
Top Suppliers of Dried Onion to Sri Lanka in 2022:
- India (30.6 tons)
- China (4.8 tons)
- United States (2.0 tons)
Dried Onion Exports in Sri Lanka
In 2022, exports of dried onions from Sri Lanka reduced remarkably to 351 kg, waning by -75.9% on the previous year. In general, exports saw a dramatic descent. The most prominent rate of growth was recorded in 2021 when exports increased by 134%.
In value terms, dried onion exports shrank markedly to $1.6K in 2022. Over the period under review, exports saw a precipitous shrinkage. The pace of growth appeared the most rapid in 2021 when exports increased by 50%.
| Export of Dried Onion in Sri Lanka (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Cyprus | 283 | 691 | 325 | 1,565 | 76.8% |
| South Korea | 748 | 609 | 462 | N/A | -21.4% |
| New Zealand | 443 | 269 | 153 | N/A | -41.2% |
| Australia | 580 | 503 | 636 | N/A | 4.7% |
| United Kingdom | N/A | N/A | 886 | N/A | 0% |
| Lebanon | 243 | 182 | 44.0 | N/A | -57.4% |
| Tanzania | N/A | N/A | 121 | N/A | 0% |
| United Arab Emirates | 2,643 | N/A | 487 | N/A | -57.1% |
| Maldives | 570 | 485 | 377 | N/A | -18.7% |
| Saudi Arabia | N/A | N/A | 377 | N/A | 0% |
| Canada | 1,051 | 144 | 82.0 | N/A | -72.1% |
| Others | 147 | 17.0 | 386 | 54.0 | -28.4% |
| Total | 6,708 | 2,900 | 4,336 | 1,619 | -37.7% |
Top Export Markets for Dried Onion from Sri Lanka in 2022:
- Cyprus (344.0 kg)
This report provides an in-depth analysis of the dried onion 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:
- Prodcom 10391330 - Dried onions, whole, cut, sliced, broken or in powder, but not further prepared
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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