Sri Lanka: Coconut Market 2024

Coconut Market Size in Sri Lanka

The Sri Lankan coconut market fell to $X in 2022, declining by X% against the previous year. Overall, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Coconut Production in Sri Lanka

In value terms, coconut production shrank to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a modest increase. The growth pace was the most rapid in 2014 with an increase of X%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

In 2022, the average coconut yield in Sri Lanka dropped to X tons per ha, waning by X% on the year before. Overall, the yield continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, the yield attained the peak level of X tons per ha, and then reduced in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The coconut harvested area in Sri Lanka amounted to X ha in 2022, picking up by X% on 2021 figures. The harvested area increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2014 with an increase of X%. The coconut harvested area peaked at X ha in 2020; however, from 2021 to 2022, the harvested area remained at a lower figure.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Coconut Exports

Exports from Sri Lanka

In 2022, coconut exports from Sri Lanka shrank notably to X tons, reducing by X% compared with the previous year. Overall, exports, however, showed prominent growth. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. The exports peaked at X tons in 2021, and then fell significantly in the following year.

In value terms, coconut exports fell markedly to $X in 2022. In general, total exports indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2016 with an increase of X%. As a result, the exports reached the peak of $X. From 2017 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

The United Arab Emirates (X tons) was the main destination for coconut exports from Sri Lanka, with a X% share of total exports. Moreover, coconut exports to the United Arab Emirates exceeded the volume sent to the second major destination, Pakistan (X tons), twofold. Canada (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to the United Arab Emirates totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Pakistan (X% per year) and Canada (X% per year).

In value terms, the largest markets for coconut exported from Sri Lanka were the United Arab Emirates ($X), Pakistan ($X) and Canada ($X), with a combined X% share of total exports.

In terms of the main countries of destination, the United Arab Emirates, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average coconut export price stood at $X per ton in 2022, falling by X% against the previous year. In general, the export price recorded a mild decrease. The pace of growth appeared the most rapid in 2018 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2019 to 2022, the average export prices remained at a lower figure.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Pakistan ($X per ton) and the Netherlands ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) and Iran ($X per ton) were 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 (X%), while the prices for the other major destinations experienced more modest paces of growth.

Coconut Imports

Imports into Sri Lanka

In 2022, overseas purchases of coconuts decreased by X% to X kg, falling for the third year in a row after three years of growth. Over the period under review, imports continue to indicate a dramatic shrinkage. The growth pace was the most rapid in 2019 when imports increased by X% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, coconut imports fell rapidly to $X in 2022. In general, imports showed a precipitous contraction. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the United Arab Emirates (X kg) constituted the largest supplier of coconut to Sri Lanka, accounting for a X% share of total imports. Moreover, coconut imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, India (X kg), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United Arab Emirates stood at X%.

In value terms, the largest coconut suppliers to Sri Lanka were the United Arab Emirates ($X) and India ($X).

In terms of the main suppliers, India, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review.

Import Prices by Country

The average coconut import price stood at $X per ton in 2022, falling by X% against the previous year. In general, the import price recorded a abrupt shrinkage. The growth pace was the most rapid in 2017 when the average import price increased by X%. Over the period under review, average import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($X per ton), while the price for the United Arab Emirates amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tanzania (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :