Sri Lanka: Mango And Mangosteen Market 2024

Mango And Mangosteen Market Size in Sri Lanka

The Sri Lankan mango and mangosteen market expanded to $X in 2022, rising by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Mango And Mangosteen Production in Sri Lanka

In value terms, mango and mangosteen production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of X%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

The average yield of mangoes, mangosteens and guavas in Sri Lanka fell modestly to X tons per ha in 2022, which is down by X% against the previous year. In general, the yield, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the yield increased by X%. Over the period under review, the average mango and mangosteen yield attained the maximum level at X tons per ha in 2018; however, from 2019 to 2022, the yield stood at a somewhat 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, approx. X ha of mangoes, mangosteens and guavas were harvested in Sri Lanka; growing by X% on 2021. The harvested area increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2020 when the harvested area increased by X% against the previous year. Over the period under review, the harvested area dedicated to mango and mangosteen production attained the peak figure at X ha in 2016; however, from 2017 to 2022, the harvested area failed to regain momentum.

Mango And Mangosteen Exports

Exports from Sri Lanka

In 2022, exports of mangoes, mangosteens and guavas from Sri Lanka declined to X tons, shrinking by X% against the previous year. In general, exports, however, enjoyed a resilient increase. The pace of growth was the most pronounced in 2013 with an increase of X%. Over the period under review, the exports attained the maximum at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, mango and mangosteen exports skyrocketed to $X in 2022. Overall, exports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2013 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

The United Arab Emirates (X tons) was the main destination for mango and mangosteen exports from Sri Lanka, accounting for a X% share of total exports. Moreover, mango and mangosteen exports to the United Arab Emirates exceeded the volume sent to the second major destination, Qatar (X tons), threefold. Maldives (X tons) ranked third in terms of total exports with an X% share.

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

In value terms, the United Arab Emirates ($X), Qatar ($X) and Oman ($X) appeared to be the largest markets for mango and mangosteen exported from Sri Lanka worldwide, with a combined X% share of total exports.

Among the main countries of destination, Oman, 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 mango and mangosteen export price stood at $X per ton in 2022, rising by X% against the previous year. In general, export price indicated strong 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, mango and mangosteen export price increased by X% against 2017 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kuwait ($X per ton), while the average price for exports to Singapore ($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 Saudi Arabia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Mango And Mangosteen Imports

Imports into Sri Lanka

In 2022, approx. X kg of mangoes, mangosteens and guavas were imported into Sri Lanka; which is down by X% compared with 2021. In general, imports showed a precipitous setback. The most prominent rate of growth was recorded in 2021 with an increase of X%. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, mango and mangosteen imports shrank dramatically to $X in 2022. Over the period under review, imports showed a precipitous decline. The most prominent rate of growth was recorded in 2016 with an increase of X%. As a result, imports attained the peak of $X. From 2017 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, India (X kg) constituted the largest mango and mangosteen supplier to Sri Lanka, with a X% share of total imports. Moreover, mango and mangosteen imports from India exceeded the figures recorded by the second-largest supplier, Vietnam (X kg), sevenfold. Singapore (X kg) ranked third in terms of total imports with a X% share.

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

In value terms, the largest mango and mangosteen suppliers to Sri Lanka were India ($X), Vietnam ($X) and Singapore ($X), together accounting for X% of total imports.

Among the main suppliers, Vietnam, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average mango and mangosteen import price amounted to $X per ton, increasing by X% against the previous year. Overall, the import price continues to indicate a strong increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 Vietnam ($X per ton), while the price for India ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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