Sri Lanka: Coconut Market 2022

Coconut Market Size in Sri Lanka

The Sri Lankan coconut market expanded notably to $X in 2021, growing by X% against the previous year. The market value increased at an average annual rate of +X% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Coconut Production in Sri Lanka

In value terms, coconut production surged to $X in 2021 estimated in export price. Over the period under review, production recorded a tangible expansion. The pace of growth was the most pronounced in 2014 with an increase of X%. Coconut production peaked at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

The average yield of coconuts in Sri Lanka rose to X tons per ha in 2021, picking up by X% compared with the previous year. In general, the yield, however, saw a mild curtailment. The pace of growth appeared the most rapid in 2018 with an increase of X%. The coconut yield peaked at X tons per ha in 2016; however, from 2017 to 2021, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2021, approx. X ha of coconuts were harvested in Sri Lanka; with an increase of X% against the previous year. The harvested area increased at an average annual rate of +X% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2014 with an increase of X%. The coconut harvested area peaked in 2021 and is likely to continue growth in the near future.

Coconut Exports

Exports from Sri Lanka

In 2021, exports of coconuts from Sri Lanka soared to X tons, growing by X% on 2020. Over the period under review, total exports indicated a prominent expansion from 2012 to 2021: its volume increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -X% against 2016 indices. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2017 to 2021, the growth of the exports failed to regain momentum.

In value terms, coconut exports shrank modestly to $X in 2021. In general, total exports indicated a noticeable expansion from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -X% against 2019 indices. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2017 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X tons), Pakistan (X tons) and Canada (X tons) were the main destinations of coconut exports from Sri Lanka, together accounting for X% of total exports.

From 2012 to 2021, the biggest increases were in Canada (with a CAGR of +X%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Pakistan ($X), the United Arab Emirates ($X) and Canada ($X) appeared to be the largest markets for coconut exported from Sri Lanka worldwide, together comprising X% of total exports.

Canada, with a CAGR of +X%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average coconut export price stood at $X per ton in 2021, waning by -X% against the previous year. In general, the export price continues to indicate a noticeable slump. The pace of growth was the most pronounced in 2019 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2020 to 2021, the the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Pakistan ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+X%), while the prices for the other major destinations experienced mixed trend patterns.

Coconut Imports

Imports into Sri Lanka

In 2021, purchases abroad of coconuts increased by X% to X tons, rising for the fourth year in a row after three years of decline. Overall, imports, however, saw a pronounced decrease. The pace of growth appeared the most rapid in 2018 when imports increased by X%. Over the period under review, imports attained the peak figure at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, coconut imports surged to $X in 2021. Over the period under review, imports, however, continue to indicate a perceptible slump. The pace of growth appeared the most rapid in 2014 when imports increased by X%. As a result, imports reached the peak of $X. From 2015 to 2021, the growth imports remained at a somewhat lower figure.

Imports by Country

In 2021, Indonesia (X tons) was the main coconut supplier to Sri Lanka, accounting for a approx. X% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from Indonesia totaled +X%.

In value terms, Indonesia ($X) constituted the largest supplier of coconut to Sri Lanka.

From 2012 to 2021, the average annual rate of growth in terms of value from Indonesia totaled +X%.

Import Prices by Country

The average coconut import price stood at $X per ton in 2021, with an increase of X% against the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a lower figure.

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

From 2012 to 2021, the rate of growth in terms of prices for Indonesia amounted to -X% per year.

Source: IndexBox Platform