Price for Plants, Live; Bulbs, Tubers, Tuberous Roots, Corms, Crowns and Rhizomes, Dormant in Sri Lanka - 2022

Contents:

1. Price for Plants, Live; Bulbs, Tubers, Tuberous Roots, Corms, Crowns and Rhizomes, Dormant in Sri Lanka (CIF) - 2022
2. Price for Plants, Live; Bulbs, Tubers, Tuberous Roots, Corms, Crowns and Rhizomes, Dormant in Sri Lanka (FOB) - 2022
3. Imports of Plants, Live; Bulbs, Tubers, Tuberous Roots, Corms, Crowns and Rhizomes, Dormant in Sri Lanka
4. Exports of Plants, Live; Bulbs, Tubers, Tuberous Roots, Corms, Crowns and Rhizomes, Dormant in Sri Lanka

Price for Plants, Live; Bulbs, Tubers, Tuberous Roots, Corms, Crowns and Rhizomes, Dormant in Sri Lanka (CIF) - 2022

In 2022, the average import price for plants, live; bulbs, tubers, tuberous roots, corms, crowns and rhizomes, dormants amounted to $0.3 per unit, with an increase of 3.8% against the previous year. Overall, the import price enjoyed buoyant growth. The pace of growth was the most pronounced in 2015 an increase of 52%. Over the period under review, average import prices attained the peak figure in 2022 and is likely to see gradual growth in years to come.

As there is only one major supplying country, the average price level is determined by prices for the Netherlands.

From 2012 to 2022, the rate of growth in terms of prices for India amounted to +39.3% per year.

Price for Plants, Live; Bulbs, Tubers, Tuberous Roots, Corms, Crowns and Rhizomes, Dormant in Sri Lanka (FOB) - 2022

The average export price for plants, live; bulbs, tubers, tuberous roots, corms, crowns and rhizomes, dormants stood at $5.4 per unit in 2022, picking up by 915% against the previous year. Over the period under review, the export price enjoyed a significant increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for the Netherlands.

From 2012 to 2022, the rate of growth in terms of prices for the Netherlands amounted to +30.9% per year.

Imports of Plants, Live; Bulbs, Tubers, Tuberous Roots, Corms, Crowns and Rhizomes, Dormant in Sri Lanka

For the third year in a row, Sri Lanka recorded decline in purchases abroad of plants, live; bulbs, tubers, tuberous roots, corms, crowns and rhizomes, dormants, which decreased by -11.1% to 657K units in 2022. In general, imports recorded a drastic downturn. Over the period under review, imports of reached the peak figure at 1.2M units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, imports of plants, live; bulbs, tubers, tuberous roots, corms, crowns and rhizomes, dormants fell to $180K in 2022. Overall, imports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2021 when imports increased by 8% against the previous year. Over the period under review, imports of attained the peak figure at $322K in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Top Suppliers of Plants, Live; Bulbs, Tubers, Tuberous Roots, Corms, Crowns and Rhizomes, Dormant to Sri Lanka in 2022:

1. Netherlands (656.8K units)

Exports of Plants, Live; Bulbs, Tubers, Tuberous Roots, Corms, Crowns and Rhizomes, Dormant in Sri Lanka

In 2022, shipments abroad of plants, live; bulbs, tubers, tuberous roots, corms, crowns and rhizomes, dormants decreased by -81.4% to 375 units, falling for the second year in a row after two years of growth. Over the period under review, exports, however, enjoyed significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 8,695% against the previous year. As a result, the exports reached the peak of 3.5K units. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of plants, live; bulbs, tubers, tuberous roots, corms, crowns and rhizomes, dormants soared to $2K in 2022. In general, exports, however, saw a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 4,111% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to continue growth in years to come.

Top Export Markets for Plants, Live; Bulbs, Tubers, Tuberous Roots, Corms, Crowns and Rhizomes, Dormant from Sri Lanka in 2022:

1. Netherlands (375.0 units)

Source: IndexBox Market Intelligence Platform