Price for Vegetable Products Not Elsewhere Specified or Included in Sri Lanka - 2022
Contents:
- Price for Vegetable Products Not Elsewhere Specified or Included in Sri Lanka (FOB) - 2022
- Price for Vegetable Products Not Elsewhere Specified or Included in Sri Lanka (CIF) - 2022
- Exports of Vegetable Products Not Elsewhere Specified or Included in Sri Lanka
- Imports of Vegetable Products Not Elsewhere Specified or Included in Sri Lanka
Price for Vegetable Products Not Elsewhere Specified or Included in Sri Lanka (FOB) - 2022
In 2022, the average export price for vegetable products not elsewhere specified or includeds amounted to $682 per ton, surging by 9.4% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.2%. The pace of growth was the most pronounced in 2019 when the average export price increased by 10%. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in years to come.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Israel ($927 per ton), while the average price for exports to Japan ($187 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 Morocco (+7.9%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Vegetable Products Not Elsewhere Specified or Included in Sri Lanka (CIF) - 2022
In 2022, the average import price for vegetable products not elsewhere specified or includeds amounted to $3,563 per ton, with a decrease of -6.9% against the previous year. Over the last decade, it increased at an average annual rate of +1.8%. The growth pace was the most rapid in 2017 when the average import price increased by 22%. Over the period under review, average import prices hit record highs at $3,826 per ton in 2021, and then reduced in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Mexico ($7,425 per ton), while the price for Malaysia ($1,347 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+5.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Vegetable Products Not Elsewhere Specified or Included in Sri Lanka
In 2022, approx. 243K tons of vegetable products not elsewhere specified or includeds were exported from Sri Lanka; leveling off at 2021 figures. Overall, total exports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +14.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +49.2% against 2019 indices. The pace of growth was the most pronounced in 2021 when exports increased by 30% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
In value terms, exports of vegetable products not elsewhere specified or includeds rose significantly to $163M in 2022. Over the period under review, total exports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +18.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +64.1% against 2019 indices. The growth pace was the most rapid in 2021 when exports increased by 36%. Over the period under review, the exports of attained the maximum in 2022 and are likely to continue growth in the immediate term.
| Export of Vegetable Products Not Elsewhere Specified or Included in Sri Lanka (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Pakistan | 60.1 | 59.1 | 82.4 | 95.1 | 16.5% |
| Canada | 9.3 | 10.4 | 13.7 | 15.1 | 17.5% |
| Morocco | 0.7 | 1.2 | 2.5 | 6.9 | 114.4% |
| Hungary | 1.4 | 2.7 | 6.9 | 5.8 | 60.6% |
| Israel | 2.0 | 2.0 | 3.7 | 5.3 | 38.4% |
| Japan | 1.9 | 2.4 | 2.9 | 3.1 | 17.7% |
| Peru | 1.2 | 2.5 | 0.6 | 2.0 | 18.6% |
| Azerbaijan | 0.1 | 1.3 | 0.6 | 1.7 | 157.1% |
| Mexico | 0.7 | 5.8 | 6.0 | 1.6 | 31.7% |
| Turkey | 0.5 | 1.7 | 1.7 | 1.0 | 26.0% |
| Costa Rica | 0.9 | N/A | 1.1 | 1.0 | 3.6% |
| South Korea | 1.3 | 1.4 | 1.0 | 1.0 | -8.4% |
| Belgium | 1.1 | 1.4 | 1.1 | 0.3 | -35.2% |
| Others | 18.0 | 18.0 | 24.6 | 23.0 | 8.5% |
| Total | 99.2 | 110 | 149 | 163 | 18.0% |
Top Export Markets for Vegetable Products Not Elsewhere Specified or Included from Sri Lanka in 2022:
- Pakistan (115.0K tons)
- Canada (20.2K tons)
- Japan (16.4K tons)
- Morocco (14.6K tons)
- Hungary (7.5K tons)
- Mexico (7.4K tons)
- Peru (6.9K tons)
- Israel (5.7K tons)
- Costa Rica (4.4K tons)
- Azerbaijan (3.7K tons)
- South Korea (3.1K tons)
- Turkey (2.7K tons)
- Belgium (0.9K tons)
Imports of Vegetable Products Not Elsewhere Specified or Included in Sri Lanka
In 2022, supplies from abroad of vegetable products not elsewhere specified or includeds decreased by -36.4% to 1.9K tons, falling for the second year in a row after two years of growth. Over the period under review, imports saw a deep downturn. The pace of growth was the most pronounced in 2020 with an increase of 27% against the previous year. As a result, imports reached the peak of 3.2K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of vegetable products not elsewhere specified or includeds contracted markedly to $6.9M in 2022. In general, imports showed a slight decline. The pace of growth appeared the most rapid in 2020 when imports increased by 48%.
| Import of Vegetable Products Not Elsewhere Specified or Included in Sri Lanka (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 6.2 | 9.4 | 10.5 | 5.7 | -2.8% |
| Mexico | 0.6 | 0.5 | 0.3 | 0.4 | -12.6% |
| Indonesia | 0.2 | 0.4 | 0.2 | 0.2 | 0.0% |
| Malaysia | N/A | N/A | N/A | 0.1 | 0% |
| Others | 0.1 | 0.2 | 0.5 | 0.6 | 81.7% |
| Total | 7.2 | 10.6 | 11.5 | 6.9 | -1.4% |
Top Suppliers of Vegetable Products Not Elsewhere Specified or Included to Sri Lanka in 2022:
- India (1691.6 tons)
- Indonesia (50.7 tons)
- Mexico (50.5 tons)
- Malaysia (40.1 tons)
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