Sri Lanka: Candied Fruit Market 2024

Candied Fruit Market Size in Sri Lanka

The Sri Lankan candied fruit market rose to $X in 2022, surging by X% against the previous year. Overall, consumption enjoyed a strong expansion. Over the period under review, the market attained the maximum level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Candied Fruit Production in Sri Lanka

In value terms, candied fruit production expanded slightly to $X in 2022 estimated in export price. Overall, production continues to indicate prominent growth. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. Candied fruit production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

In 2022, the average yield of candied fruits in Sri Lanka totaled less than X kg per ha, approximately mirroring the year before. Overall, the yield showed a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of candied fruits production in Sri Lanka was estimated at less than X ha, approximately mirroring 2021. Over the period under review, the harvested area recorded a relatively flat trend pattern.

Candied Fruit Exports

Exports from Sri Lanka

Candied fruit exports from Sri Lanka reduced markedly to X tons in 2022, waning by X% compared with 2021 figures. Overall, exports saw a deep downturn. The pace of growth appeared the most rapid in 2019 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, candied fruit exports contracted markedly to $X in 2022. In general, exports continue to indicate a abrupt contraction. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Maldives (X tons) was the main destination for candied fruit exports from Sri Lanka, accounting for a X% share of total exports. Moreover, candied fruit exports to Maldives exceeded the volume sent to the second major destination, Germany (X tons), threefold. The UK (X tons) ranked third in terms of total exports 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 the UK (X% per year).

In value terms, Maldives ($X) emerged as the key foreign market for candied fruits exports from Sri Lanka, comprising X% of total exports. The second position in the ranking was held by Germany ($X), with a X% share of total exports. It was followed by the UK, 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 the UK (X% per year).

Export Prices by Country

The average candied fruit export price stood at $X per ton in 2022, which is down by X% against the previous year. Overall, export price indicated a slight increase from 2012 to 2022: its price 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, candied fruit export price decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

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

Candied Fruit Imports

Imports into Sri Lanka

Candied fruit imports into Sri Lanka contracted notably to X tons in 2022, with a decrease of X% against 2021. Over the period under review, imports saw a abrupt downturn. The pace of growth was the most pronounced in 2019 when imports increased by X%. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, candied fruit imports fell notably to $X in 2022. Overall, imports faced a drastic downturn. The growth pace was the most rapid in 2019 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 tons) constituted the largest supplier of candied fruit to Sri Lanka, accounting for a X% share of total imports. Moreover, candied fruit imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, China (X kg), fivefold.

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: China (X% per year) and Thailand (X% per year).

In value terms, the largest candied fruit suppliers to Sri Lanka were the United Arab Emirates ($X), China ($X) and Thailand ($X), with a combined X% share of total imports.

The United Arab Emirates, 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 a decline.

Import Prices by Country

In 2022, the average candied fruit import price amounted to $X per ton, dropping by X% against the previous year. Overall, the import price continues to indicate a deep slump. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while the price for the United Arab Emirates ($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 United Arab Emirates (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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