Report Update: May 1, 2024

Sri Lanka - Yams - Market Analysis, Forecast, Size, Trends and Insights

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Yams Price in Sri Lanka - 2022

Yams Price in Sri Lanka (FOB) - 2022

In 2022, the average yams export price amounted to $798 per ton, falling by -36.6% against the previous year. In general, the export price showed a slight downturn. The most prominent rate of growth was recorded in 2013 an increase of 36% against the previous year. The export price peaked at $2,307 per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Maldives ($1,599 per ton), while the average price for exports to the United Arab Emirates ($388 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 United Arab Emirates (+4.0%), while the prices for the other major destinations experienced more modest paces of growth.

Yams Price in Sri Lanka (CIF) - 2022

The average yams import price stood at $11,750 per ton in 2022, declining by -12.2% against the previous year. Over the period under review, the import price, however, continues to indicate significant growth. The pace of growth was the most pronounced in 2021 when the average import price increased by 3,914% against the previous year. As a result, import price reached the peak level of $13,381 per ton, and then dropped in the following year.

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

From 2016 to 2022, the rate of growth in terms of prices for China amounted to +41.6% per year.

Yams Exports in Sri Lanka

In 2022, overseas shipments of yams decreased by -63.5% to 195 tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports saw a abrupt setback. The pace of growth appeared the most rapid in 2020 when exports increased by 51% against the previous year.

In value terms, yams exports shrank markedly to $155K in 2022. Over the period under review, exports showed a sharp descent. The pace of growth appeared the most rapid in 2021 with an increase of 70% against the previous year. As a result, the exports attained the peak of $672K, and then declined significantly in the following year.

Export of Yams in Sri Lanka (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Canada	69.8	145	205	142	26.7%
United Arab Emirates	13.8	12.1	10.0	4.4	-31.7%
Maldives	133	21.3	16.1	2.3	-74.1%
Germany	71.4	98.2	169	N/A	53.8%
France	35.3	65.8	195	N/A	135.0%
Oman	N/A	11.7	N/A	N/A	0%
Saudi Arabia	N/A	N/A	27.6	N/A	0%
Others	34.1	40.7	49.5	6.9	-41.3%
Total	358	395	672	155	-24.3%

Top Export Markets for Yams from Sri Lanka in 2022:

Canada (178.8 tons)
United Arab Emirates (11.3 tons)
Maldives (1.4 tons)

Yams Imports in Sri Lanka

In 2022, imports of yams into Sri Lanka dropped notably to 24 kg, falling by -42.9% against 2021 figures. In general, imports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 600%. As a result, imports reached the peak of 42 kg, and then dropped markedly in the following year.

In value terms, yams imports contracted sharply to $282 in 2022. Over the period under review, imports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 28,000% against the previous year. As a result, imports reached the peak of $562, and then declined rapidly in the following year.

Import of Yams in Sri Lanka (USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	4.0	2.0	2.0	282	313.1%
Singapore	1.0	N/A	N/A	N/A	0%
Australia	N/A	N/A	560	N/A	0%
Others	N/A	N/A	N/A	N/A	0%
Total	5.0	2.0	562	282	283.5%

Top Suppliers of Yams to Sri Lanka in 2022:

China (24.0 kg)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the yams 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 137 - Yams

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.

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. 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. 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. 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. 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. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. LOW-COST EXPORTING COUNTRIES
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. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
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
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. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2023
23. Production, In Value Terms, 2012–2023
24. Area Harvested, 2012–2023
25. Yield, 2012–2023
26. Imports, In Physical Terms, 2012–2023
27. Imports, In Value Terms, 2012–2023
28. Imports, In Physical Terms, By Country, 2023
29. Imports, In Physical Terms, By Country, 2012–2023
30. Imports, In Value Terms, By Country, 2012–2023
31. Import Prices, By Country Of Origin, 2012–2023
32. Exports, In Physical Terms, 2012–2023
33. Exports, In Value Terms, 2012–2023
34. Exports, In Physical Terms, By Country, 2023
35. Exports, In Physical Terms, By Country, 2012–2023
36. Exports, In Value Terms, By Country, 2012–2023
37. Export Prices, By Country Of Destination, 2012–2023