Sri Lanka - Dried Vegetables And Mixtures Of Vegetables - Market Analysis, Forecast, Size, Trends And Insights
Report Update: May 1, 2024

Sri Lanka - Dried Vegetables And Mixtures Of Vegetables - Market Analysis, Forecast, Size, Trends And Insights

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Dried Vegetables Price in Sri Lanka - 2021

Contents:

  1. Dried Vegetables Price in Sri Lanka (CIF) - 2022
  2. Dried Vegetables Price in Sri Lanka (FOB) - 2022
  3. Dried Vegetables Imports in Sri Lanka
  4. Dried Vegetables Exports in Sri Lanka

Dried Vegetables Price in Sri Lanka (CIF) - 2022

The average dried vegetables import price stood at $2,335 per ton in 2022, picking up by 6.6% against the previous year. In general, the import price, however, showed a pronounced setback. The growth pace was the most rapid in 2018 when the average import price increased by 21% against the previous year. As a result, import price attained the peak level of $3,930 per ton. From 2019 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($3,948 per ton), while the price for Australia ($1,288 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+1.2%), while the prices for the other major suppliers experienced a decline.

Dried Vegetables Price in Sri Lanka (FOB) - 2022

In 2022, the average dried vegetables export price amounted to $5,757 per ton, dropping by -7.2% against the previous year. Over the period under review, the export price recorded a mild shrinkage. The growth pace was the most rapid in 2021 an increase of 19% against the previous year. The export price peaked at $6,545 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was New Zealand ($16,539 per ton), while the average price for exports to Saudi Arabia ($3,357 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 UK (+8.4%), while the prices for the other major destinations experienced more modest paces of growth.

Dried Vegetables Imports in Sri Lanka

After three years of growth, supplies from abroad of dried vegetables and mixtures of vegetables decreased by -12.2% to 339 tons in 2022. In general, total imports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +9.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +32.5% against 2019 indices. The pace of growth was the most pronounced in 2021 when imports increased by 44%. As a result, imports reached the peak of 386 tons, and then dropped in the following year.

In value terms, dried vegetables imports reduced to $791K in 2022. The total import value increased at an average annual rate of +3.3% over the period from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 15%. As a result, imports reached the peak of $845K, and then fell in the following year.

Import of Dried Vegetables in Sri Lanka (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China492447431451-2.9%
Germany12315616216911.2%
India48.473.681.485.120.7%
Australia0.11.027.829.1562.7%
Others53.358.614256.31.8%
Total7177368457913.3%

Top Suppliers of Dried Vegetables to Sri Lanka in 2022:

  1. China (214.4 tons)
  2. India (48.9 tons)
  3. Germany (42.9 tons)
  4. Australia (22.6 tons)

Dried Vegetables Exports in Sri Lanka

Dried vegetables exports from Sri Lanka contracted to 22 tons in 2022, declining by -13.4% compared with the previous year. In general, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 38%. As a result, the exports attained the peak of 25 tons, and then contracted in the following year.

In value terms, dried vegetables exports dropped significantly to $126K in 2022. Overall, total exports indicated a measured expansion from 2019 to 2022: its value increased at an average annual rate of +3.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +32.5% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 65% against the previous year. As a result, the exports attained the peak of $157K, and then dropped remarkably in the following year.

Export of Dried Vegetables in Sri Lanka (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Saudi Arabia21.621.436.732.014.0%
United Kingdom18.416.015.415.1-6.4%
Australia7.65.118.513.822.0%
Democratic People's Republic of Korea10.710.016.213.47.8%
Canada7.113.912.010.012.1%
Germany18.32.13.87.2-26.7%
New Zealand4.26.59.47.018.6%
Jordan0.73.18.16.0104.7%
Japan2.51.20.55.429.3%
South Korea9.41.40.73.5-28.1%
Maldives1.03.01.31.719.3%
Others11.711.634.911.3-1.2%
Total11395.41571263.7%

Top Export Markets for Dried Vegetables from Sri Lanka in 2022:

  1. Saudi Arabia (9.5 tons)
  2. Australia (2.7 tons)
  3. Democratic People's Republic of Korea (2.2 tons)
  4. United Kingdom (1.0 tons)
  5. Jordan (1.0 tons)
  6. Germany (0.9 tons)
  7. Japan (0.8 tons)
  8. Canada (0.7 tons)
  9. South Korea (0.6 tons)
  10. Maldives (0.5 tons)
  11. New Zealand (0.4 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the dried vegetables 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 10391390 - Dried vegetables (excluding potatoes, onions, mushrooms and truffles) and mixtures of vegetables, whole, cut, sliced, b roken 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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 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
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023
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Free Data: Dried Vegetables And Mixtures Of Vegetables - Sri Lanka