Sri Lanka: Dried Grapes Market 2022

Dried Grapes Market Size in Sri Lanka

In 2021, the Sri Lankan dried grapes market increased by X% to $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption posted a buoyant expansion. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Dried Grapes Exports

Exports from Sri Lanka

In 2021, overseas shipments of dried grapes increased by X% to X tons, rising for the second consecutive year after three years of decline. In general, exports, however, saw a noticeable setback. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, dried grapes exports surged to $X in 2021. Over the period under review, exports, however, showed a abrupt curtailment. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

The UK (X tons) was the main destination for dried grapes exports from Sri Lanka, with a X% share of total exports. Moreover, dried grapes exports to the UK exceeded the volume sent to the second major destination, Maldives (X kg), fourfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to the UK was relatively modest.

From 2012 to 2021, the average annual growth rate of value to the UK was relatively modest.

Export Prices by Country

The average dried grapes export price stood at $X per ton in 2021, declining by -X% against the previous year. Over the period under review, the export price recorded a perceptible curtailment. The growth pace was the most rapid in 2018 when the average export price increased by X%. As a result, the export price reached the peak level of $X per ton. From 2019 to 2021, the the average export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In 2021, the country with the highest price was Maldives ($X per ton), while the average price for exports to the UK stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the UK (X%).

Dried Grapes Imports

Imports into Sri Lanka

Dried grapes imports into Sri Lanka skyrocketed to X tons in 2021, with an increase of X% compared with the year before. Over the period under review, total imports indicated prominent growth 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. The pace of growth was the most pronounced in 2013 with an increase of X%. Imports peaked in 2021 and are likely to continue growth in the near future.

In value terms, dried grapes imports skyrocketed to $X in 2021. In general, imports continue to indicate buoyant growth. The growth pace was the most rapid in 2013 with an increase of X%. Over the period under review, imports reached the peak figure at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, India (X tons) constituted the largest dried grapes supplier to Sri Lanka, with a X% share of total imports. Moreover, dried grapes imports from India exceeded the figures recorded by the second-largest supplier, Iran (X tons), tenfold. The third position in this ranking was held by the United Arab Emirates (X tons), with a X% share.

From 2012 to 2021, the average annual growth rate of volume from India stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Iran (+X% per year) and the United Arab Emirates (+X% per year).

In value terms, India ($X) constituted the largest supplier of dried grapes to Sri Lanka, comprising X% of total imports. The second position in the ranking was taken by Iran ($X), with a X% share of total imports. It was followed by the United Arab Emirates, with a X% share.

From 2012 to 2021, the average annual growth rate of value from India stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Iran (+X% per year) and the United Arab Emirates (+X% per year).

Import Prices by Country

The average dried grapes import price stood at $X per ton in 2021, surging by X% against the previous year. Overall, import price indicated perceptible growth from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, dried grapes import price decreased by -X% against 2018 indices. The pace of growth was the most pronounced in 2018 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2019 to 2021, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform