Sri Lanka: Green Coffee Market 2024

Green Coffee Market Size in Sri Lanka

The Sri Lankan green coffee market was finally on the rise to reach $X in 2022, after three years of decline. Over the period under review, consumption posted strong growth. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Green Coffee Production in Sri Lanka

In value terms, green coffee production declined to $X in 2022 estimated in export price. Overall, production recorded a buoyant increase. The pace of growth was the most pronounced in 2018 with an increase of X%. As a result, production attained the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

In 2022, the average yield of coffee (green) in Sri Lanka was estimated at X tons per ha, with an increase of X% compared with 2021. Overall, the yield indicated perceptible growth from 2012 to 2022: its figure 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, green coffee yield decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. As a result, the yield attained the peak level of X tons per ha. From 2021 to 2022, the growth of the average green coffee yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the green coffee harvested area in Sri Lanka contracted slightly to X ha, stabilizing at the previous year's figure. Over the period under review, the harvested area recorded a noticeable setback. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The green coffee harvested area peaked at X ha in 2013; however, from 2014 to 2022, the harvested area remained at a lower figure.

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Green Coffee Exports

Exports from Sri Lanka

In 2022, the amount of coffee (green) exported from Sri Lanka reduced rapidly to X tons, with a decrease of X% compared with the previous year's figure. Overall, exports recorded a abrupt setback. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, green coffee exports dropped markedly to $X in 2022. In general, exports continue to indicate a deep downturn. The pace of growth appeared the most rapid in 2018 when exports increased by X% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Australia (X tons) was the main destination for green coffee exports from Sri Lanka, with a X% share of total exports. Moreover, green coffee exports to Australia exceeded the volume sent to the second major destination, Saudi Arabia (X tons), twofold. Japan (X kg) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Australia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (X% per year) and Japan (X% per year).

In value terms, Australia ($X), Saudi Arabia ($X) and Kuwait ($X) appeared to be the largest markets for green coffee exported from Sri Lanka worldwide, with a combined X% share of total exports.

Among the main countries of destination, Australia, 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 green coffee export price stood at $X per ton in 2022, with an increase of X% against the previous year. In general, the export price showed strong growth. The pace of growth was the most pronounced in 2018 when the average export price increased by X%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Kuwait ($X per ton), while the average price for exports to Australia ($X 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 Indonesia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Green Coffee Imports

Imports into Sri Lanka

In 2022, purchases abroad of coffee (green) decreased by X% to X kg, falling for the fourth consecutive year after three years of growth. In general, imports saw a precipitous descent. The growth pace was the most rapid in 2018 when imports increased by X%. As a result, imports attained the peak of X tons. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, green coffee imports fell notably to $X in 2022. Overall, imports saw a dramatic setback. The growth pace was the most rapid in 2018 with an increase of X%. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, the Netherlands (X kg) constituted the largest green coffee supplier to Sri Lanka, accounting for a X% share of total imports. Moreover, green coffee imports from the Netherlands exceeded the figures recorded by the second-largest supplier, China (X kg), threefold. The third position in this ranking was taken by Vietnam (X kg), with an X% share.

From 2012 to 2022, the average annual growth rate of volume from the Netherlands was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Vietnam (X% per year).

In value terms, the Netherlands ($X), China ($X) and the UK ($X) appeared to be the largest green coffee suppliers to Sri Lanka, with a combined X% share of total imports.

China, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average green coffee import price amounted to $X per ton, falling by X% against the previous year. Over the period under review, the import price showed a drastic downturn. The growth pace was the most rapid in 2021 when the average import price increased by X% against the previous year. 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 remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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