Sri Lanka: Grapefruit Market 2024

Grapefruit Market Size in Sri Lanka

The Sri Lankan grapefruit market skyrocketed to $X in 2022, with an increase of X% against the previous year. In general, consumption continues to indicate a relatively flat trend pattern. Grapefruit consumption peaked at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Grapefruit Production in Sri Lanka

In value terms, grapefruit production fell to $X in 2022 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X%. Grapefruit production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

In 2022, the average yield of grapefruits in Sri Lanka amounted to less than X kg per ha, remaining relatively unchanged against the previous year. Overall, the yield continues to indicate 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, approx. less than X ha of grapefruits were harvested in Sri Lanka; remaining stable against 2021 figures. Overall, the harvested area recorded a relatively flat trend pattern.

Grapefruit Exports

Exports from Sri Lanka

Grapefruit exports from Sri Lanka fell notably to X kg in 2022, which is down by X% on 2021. Over the period under review, exports saw a significant contraction. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons, and then shrank significantly in the following year.

In value terms, grapefruit exports reduced dramatically to $X in 2022. In general, exports continue to indicate a sharp descent. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X, and then shrank notably in the following year.

Exports by Country

Bahrain (X kg) was the main destination for grapefruit exports from Sri Lanka, accounting for a X% share of total exports. Moreover, grapefruit exports to Bahrain exceeded the volume sent to the second major destination, Maldives (X kg), ninefold. Qatar (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 Bahrain amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Maldives (X% per year) and Qatar (X% per year).

In value terms, the largest markets for grapefruit exported from Sri Lanka were Bahrain ($X), Maldives ($X) and Qatar ($X), together accounting for X% of total exports.

In terms of the main countries of destination, Maldives, with a CAGR of X%, saw 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 grapefruit export price stood at $X per ton in 2022, waning by X% against the previous year. In general, export price indicated perceptible growth 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, grapefruit export price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Maldives ($X per ton), while the average price for exports to Bahrain ($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 Switzerland (X%), while the prices for the other major destinations experienced a decline.

Grapefruit Imports

Imports into Sri Lanka

In 2022, after two years of decline, there was significant decline in supplies from abroad of grapefruits, when their volume decreased by X% to X kg. Overall, imports recorded a sharp descent. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, grapefruit imports fell rapidly to $X in 2022. In general, imports faced a sharp decline. The most prominent rate of growth was recorded in 2014 with an increase of X%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Israel (X kg) constituted the largest grapefruit supplier to Sri Lanka, accounting for a X% share of total imports. Moreover, grapefruit imports from Israel exceeded the figures recorded by the second-largest supplier, Australia (X kg), more than tenfold. The third position in this ranking was taken by Thailand (X kg), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Israel amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (X% per year) and Thailand (X% per year).

In value terms, Israel ($X) constituted the largest supplier of grapefruits to Sri Lanka, comprising X% of total imports. The second position in the ranking was taken by Thailand ($X), with a X% share of total imports. It was followed by India, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Israel stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (X% per year) and India (X% per year).

Import Prices by Country

The average grapefruit import price stood at $X per ton in 2022, approximately reflecting the previous year. In general, the import price, however, continues to indicate buoyant growth. The most prominent rate of growth was recorded in 2013 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2021, and then shrank modestly in the following year.

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 Thailand ($X per ton), while the price for Israel ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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