Sri Lanka: Mushroom And Truffle Market 2024

Mushroom And Truffle Market Size in Sri Lanka

The Sri Lankan mushroom and truffle market contracted markedly to $X in 2022, with a decrease of X% against the previous year. In general, consumption recorded a abrupt downturn. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Mushroom And Truffle Production in Sri Lanka

In value terms, mushroom and truffle production expanded to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a noticeable curtailment. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

In 2022, the average yield of mushrooms and truffles in Sri Lanka stood at less than X kg per ha, therefore, remained relatively stable against 2021. Over the period under review, the yield recorded 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 mushrooms and truffles production in Sri Lanka totaled less than X ha, therefore, remained relatively stable against the year before. In general, the harvested area saw a relatively flat trend pattern.

Mushroom And Truffle Exports

Exports from Sri Lanka

In 2022, the amount of mushrooms and truffles exported from Sri Lanka surged to X tons, picking up by X% compared with 2021. Over the period under review, exports continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2013 with an increase of X%. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, mushroom and truffle exports skyrocketed to $X in 2022. In general, exports recorded prominent growth. The most prominent rate of growth was recorded in 2013 when exports increased by X%. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Maldives (X tons) was the main destination for mushroom and truffle exports from Sri Lanka, accounting for a X% share of total exports. Moreover, mushroom and truffle exports to Maldives exceeded the volume sent to the second major destination, Switzerland (X tons), fourfold. Kuwait (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: Switzerland (X% per year) and Kuwait (X% per year).

In value terms, Maldives ($X) remains the key foreign market for mushrooms and truffles exports from Sri Lanka, comprising X% of total exports. The second position in the ranking was held by Switzerland ($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 rate of growth in terms of value to Maldives totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (X% per year) and the UK (X% per year).

Export Prices by Country

The average mushroom and truffle export price stood at $X per ton in 2022, growing by X% against the previous year. In general, the export price, however, showed a noticeable contraction. The growth pace was the most rapid in 2021 an increase of X% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to Qatar ($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 mixed trend patterns.

Mushroom And Truffle Imports

Imports into Sri Lanka

In 2022, purchases abroad of mushrooms and truffles was finally on the rise to reach X tons after three years of decline. In general, imports continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in years to come.

In value terms, mushroom and truffle imports surged to $X in 2022. Overall, imports showed a strong increase. The growth pace was the most rapid in 2018 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in years to come.

Imports by Country

In 2022, the United Arab Emirates (X tons) constituted the largest supplier of mushroom and truffle to Sri Lanka, with a X% share of total imports. Moreover, mushroom and truffle imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, China (X tons), twofold.

From 2012 to 2022, the average annual rate of growth in terms 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 the Netherlands (X% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of mushrooms and truffles to Sri Lanka, comprising X% of total imports. The second position in the ranking was held by China ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from the United Arab Emirates amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and the Netherlands (X% per year).

Import Prices by Country

In 2022, the average mushroom and truffle import price amounted to $X per ton, dropping by X% against the previous year. Over the period under review, the import price continues to indicate a deep reduction. The pace of growth was the most pronounced in 2019 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2020 to 2022, the average import prices failed to regain momentum.

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 the Netherlands ($X per ton), while the price for China ($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 Netherlands (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform