Sri Lanka: Market for Concentrated Lemon And Other Citrus Fruit Juice 2024

Market Size for Concentrated Lemon And Other Citrus Fruit Juice in Sri Lanka

The Sri Lankan market for concentrated lemon and other citrus fruit juice skyrocketed to $X in 2022, rising by X% against the previous year. Over the period under review, consumption saw buoyant growth. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Production of Concentrated Lemon And Other Citrus Fruit Juice in Sri Lanka

In value terms, production of concentrated lemon and other citrus fruit juice dropped to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a mild reduction. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. Production of peaked at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Exports of Concentrated Lemon And Other Citrus Fruit Juice

Exports from Sri Lanka

In 2022, approx. X tons of concentrated lemon and other citrus fruit juice were exported from Sri Lanka; reducing by X% on 2021. Overall, exports recorded a pronounced reduction. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, exports of concentrated lemon and other citrus fruit juice fell to $X in 2022. In general, exports showed a abrupt contraction. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports of failed to regain momentum.

Exports by Country

Maldives (X tons) was the main destination for exports of concentrated lemon and other citrus fruit juice from Sri Lanka, accounting for a X% share of total exports. Moreover, exports of concentrated lemon and other citrus fruit juice to Maldives exceeded the volume sent to the second major destination, Germany (X tons), eightfold. The third position in this ranking was taken by Australia (X kg), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Maldives amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and Australia (X% per year).

In value terms, Maldives ($X) remains the key foreign market for concentrated lemon and other citrus fruit juice exports from Sri Lanka, comprising X% of total exports. The second position in the ranking was held by Germany ($X), with a X% share of total exports. It was followed by Australia, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Maldives stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and Australia (X% per year).

Export Prices by Country

In 2022, the average export price for concentrated lemon and other citrus fruit juice amounted to $X per ton, standing approx. at the previous year. Over the period under review, the export price continues to indicate a pronounced decline. The pace of growth appeared the most rapid in 2018 an increase of X% against the previous year. The export price peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Australia ($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 the United Arab Emirates (X%).

Imports of Concentrated Lemon And Other Citrus Fruit Juice

Imports into Sri Lanka

In 2022, supplies from abroad of concentrated lemon and other citrus fruit juice was finally on the rise to reach X tons after two years of decline. Over the period under review, imports continue to indicate resilient growth. Over the period under review, imports of hit record highs at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, imports of concentrated lemon and other citrus fruit juice soared to $X in 2022. Overall, imports posted a remarkable increase. Over the period under review, imports of attained the peak figure at $X in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the United Arab Emirates (X tons) was the main supplier of concentrated lemon and other citrus fruit juice to Sri Lanka, accounting for a X% share of total imports. Moreover, imports of concentrated lemon and other citrus fruit juice from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, India (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from the United Arab Emirates stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and the UK (X% per year).

In value terms, the largest concentrated lemon and other citrus fruit juice suppliers to Sri Lanka were the United Arab Emirates ($X), India ($X) and the UK ($X), with a combined X% share of total imports.

India, with a CAGR of X%, saw the highest rates of growth with regard to 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 import price for concentrated lemon and other citrus fruit juice amounted to $X per ton, shrinking by X% against the previous year. In general, the import price continues to indicate a slight reduction. The most prominent rate of growth was recorded in 2021 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 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 ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :