Sri Lanka: Root And Tuber Market 2024

Root And Tuber Market Size in Sri Lanka

The Sri Lankan root and tuber market rose rapidly to $X in 2022, with an increase of X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Root And Tuber Production in Sri Lanka

In value terms, root and tuber production rose slightly to $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 throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when the production volume increased by X%. Over the period under review, production attained the maximum level at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

The average yield of roots and tubers in Sri Lanka stood at X tons per ha in 2022, remaining constant against the previous year. The yield figure increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. The root and tuber yield peaked at X tons per ha in 2020; however, from 2021 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.

The root and tuber harvested area in Sri Lanka fell modestly to X ha in 2022, which is down by X% on the previous year's figure. Overall, the harvested area showed a mild setback. The pace of growth was the most pronounced in 2021 with an increase of X%. The root and tuber harvested area peaked at X ha in 2013; however, from 2014 to 2022, the harvested area remained at a lower figure.

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Root And Tuber Exports

Exports from Sri Lanka

In 2022, approx. X tons of roots and tubers were exported from Sri Lanka; picking up by X% on the previous year's figure. Over the period under review, exports continue to indicate strong growth. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, root and tuber exports surged to $X in 2022. In general, exports continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2018 when exports increased by X%. Over the period under review, the exports attained the peak figure at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates (X tons) was the main destination for root and tuber exports from Sri Lanka, with a X% share of total exports. Moreover, root and tuber exports to the United Arab Emirates exceeded the volume sent to the second major destination, Maldives (X tons), more than tenfold. Qatar (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 the United Arab Emirates 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 United Arab Emirates ($X) remains the key foreign market for roots and tubers exports from Sri Lanka, comprising X% of total exports. The second position in the ranking was taken by Maldives ($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 the United Arab Emirates totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Maldives (X% per year) and the UK (X% per year).

Export Prices by Country

In 2022, the average root and tuber export price amounted to $X per ton, with an increase of X% against the previous year. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of X%. Over the period under review, the average export prices hit record highs at $X per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (X%), while the prices for the other major destinations experienced a decline.

Root And Tuber Imports

Imports into Sri Lanka

In 2022, root and tuber imports into Sri Lanka surged to X tons, increasing by X% against 2021. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, imports reached the maximum at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, root and tuber imports soared to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, imports hit record highs at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Pakistan (X tons) constituted the largest root and tuber supplier to Sri Lanka, accounting for a X% share of total imports. Moreover, root and tuber imports from Pakistan exceeded the figures recorded by the second-largest supplier, Bangladesh (X tons), sixfold. India (X tons) 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 Pakistan totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Bangladesh (X% per year) and India (X% per year).

In value terms, Pakistan ($X) constituted the largest supplier of roots and tubers to Sri Lanka, comprising X% of total imports. The second position in the ranking was taken by Bangladesh ($X), with an X% share of total imports. It was followed by India, with an X% share.

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

Import Prices by Country

In 2022, the average root and tuber import price amounted to $X per ton, falling by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2019 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Bangladesh ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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