Sri Lanka - Nuts - Market Analysis, Forecast, Size, Trends and Insights
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View PricingNuts Price in Sri Lanka - 2021
Contents:
- Nuts Price in Sri Lanka (FOB) - 2022
- Nuts Price in Sri Lanka (CIF) - 2022
- Nuts Exports in Sri Lanka
- Nuts Imports in Sri Lanka
Nuts Price in Sri Lanka (FOB) - 2022
In 2022, the average nuts export price amounted to $4,054 per ton, dropping by -8.9% against the previous year. Overall, the export price, however, enjoyed a resilient increase. The pace of growth was the most pronounced in 2019 an increase of 191%. The export price peaked at $4,451 per ton in 2021, and then fell in the following year.
As there is only one major export destination, the average price level is determined by prices for India.
From 2012 to 2022, the rate of growth in terms of prices for India amounted to +9.6% per year.
Nuts Price in Sri Lanka (CIF) - 2022
The average nuts import price stood at $1,746 per ton in 2022, shrinking by -43% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of 207% against the previous year. Over the period under review, average import prices attained the peak figure at $7,903 per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Turkey ($1,548 per ton) and the United States ($1,468 per ton), while the price for India ($1,288 per ton) and Tanzania ($1,343 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Benin (+7.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Nuts Exports in Sri Lanka
Nuts exports from Sri Lanka surged to 17K tons in 2022, growing by 61% on 2021 figures. Overall, exports saw a significant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 121% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.
In value terms, nuts exports surged to $69M in 2022. Over the period under review, exports enjoyed a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 130%. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in years to come.
| Export of Nuts in Sri Lanka (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 21.4 | 49.5 | 46.8 | 68.6 | 47.4% |
| Others | 0.2 | 0.2 | 0.2 | 0.3 | 14.5% |
| Total | 21.6 | 49.7 | 47.0 | 68.9 | 47.2% |
Top Export Markets for Nuts from Sri Lanka in 2022:
- India (17.0K tons)
Nuts Imports in Sri Lanka
In 2022, imports of nuts into Sri Lanka reduced markedly to 406 tons, with a decrease of -37.6% compared with the previous year. Over the period under review, imports faced a dramatic slump. The pace of growth was the most pronounced in 2021 with an increase of 11% against the previous year.
In value terms, nuts imports contracted remarkably to $708K in 2022. Overall, imports recorded a precipitous descent. The most prominent rate of growth was recorded in 2021 with an increase of 16% against the previous year.
| Import of Nuts in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Tanzania | 276 | 122 | 69.0 | 279 | 0.4% |
| United States | 195 | 13.1 | 59.0 | 120 | -14.9% |
| India | 92.8 | 456 | 73.9 | 76.4 | -6.3% |
| United Arab Emirates | 4,875 | 284 | 299 | 24.8 | -82.8% |
| Turkey | 4.0 | 2.5 | 5.9 | 24.4 | 82.7% |
| China | 108 | 0.9 | 6.3 | 0.3 | -85.9% |
| Togo | N/A | N/A | 41.9 | N/A | 0% |
| Indonesia | 4,367 | 229 | 352 | N/A | -71.6% |
| Ghana | N/A | 193 | N/A | N/A | 0% |
| Others | 325 | 420 | 1,085 | 184 | -17.3% |
| Total | 10,243 | 1,720 | 1,992 | 708 | -59.0% |
Top Suppliers of Nuts to Sri Lanka in 2022:
- Tanzania (207.6 tons)
- United States (81.6 tons)
- India (59.3 tons)
- Turkey (15.8 tons)
- United Arab Emirates (4.2 tons)
- China (0.1 tons)
This report provides an in-depth analysis of the nuts 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:
- FCL 221 - Almonds
- FCL 223 - Pistachios
- FCL 222 - Walnuts
- FCL 220 - Chestnuts
- FCL 217 - Cashew nuts
- FCL 225 - Hazelnuts (Filberts)
- FCL 216 - Brazil nuts
- FCL 234 - Nuts nes
- FCL 224 - Kolanuts
- FCL 226 - Areca nuts
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
- COUNTRIES WITH TOP YIELDS
- 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, HARVESTED AREA AND YIELD
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
- Yield 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
- Area Harvested, 2012–2023
- Yield, 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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