Price for Vegetable Saps and Extracts; Opium in Sri Lanka - 2021

Price for Vegetable Saps and Extracts; Opium in Sri Lanka (CIF) - 2022

The average import price for vegetable saps and extracts; opia stood at $194,109 per ton in 2022, shrinking by -4.9% against the previous year. Over the period under review, the import price, however, enjoyed prominent growth. The growth pace was the most rapid in 2015 when the average import price increased by 54%. The import price peaked at $204,126 per ton in 2021, and then shrank slightly in the following year.

As there is only one major supplying country, 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 +7.8% per year.

Imports of Vegetable Saps and Extracts; Opium in Sri Lanka

In 2022, overseas purchases of vegetable saps and extracts; opia increased by 16% to 110 kg for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, recorded a abrupt downturn.

In value terms, vegetable saps and extracts; opium imports expanded sharply to $21K in 2022. Over the period under review, imports, however, showed a drastic downturn.