Sri Lanka: Plantain Market 2024

Plantain Market Size in Sri Lanka

The Sri Lankan plantain market expanded rapidly to $X in 2022, surging by X% against the previous year. In general, the total consumption indicated a perceptible expansion from 2012 to 2022: its value 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, consumption decreased by X% against 2020 indices. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Plantain Production in Sri Lanka

In value terms, plantain production rose significantly to $X in 2022 estimated in export price. Over the period under review, the total production indicated tangible growth from 2012 to 2022: its value 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, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2020 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

The average yield of plantains in Sri Lanka rose remarkably to X tons per ha in 2022, increasing by X% against the year before. Overall, the yield indicated noticeable growth from 2012 to 2022: its figure 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, plantain yield decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2020 when the yield increased by X%. As a result, the yield reached the peak level of X tons per ha. From 2021 to 2022, the growth of the average plantain yield remained at a 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 plantains were harvested in Sri Lanka; growing by X% compared with 2021. Overall, the harvested area, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. The plantain harvested area peaked at X ha in 2014; however, from 2015 to 2022, the harvested area stood at a somewhat lower figure.

Plantain Exports

Exports from Sri Lanka

In 2022, shipments abroad of plantains decreased by X% to X tons, falling for the second year in a row after two years of growth. In general, exports, however, posted a resilient expansion. The pace of growth appeared the most rapid in 2014 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, plantain exports dropped dramatically to $X in 2022. Overall, exports, however, saw resilient growth. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

Saudi Arabia (X tons) was the main destination for plantain exports from Sri Lanka, accounting for a X% share of total exports. Moreover, plantain exports to Saudi Arabia exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), twofold. The third position in this ranking was taken by Qatar (X tons), with a X% share.

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

In value terms, Saudi Arabia ($X) remains the key foreign market for plantains exports from Sri Lanka, comprising X% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total exports. It was followed by Qatar, with an X% share.

From 2012 to 2022, the average annual growth rate of value to Saudi Arabia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Qatar (X% per year).

Export Prices by Country

In 2022, the average plantain export price amounted to $X per ton, which is down by X% against the previous year. Overall, the export price continues to indicate a pronounced decline. The most prominent rate of growth was recorded in 2017 when the average export price increased by X%. As a result, the export price attained the peak level of $X per ton. From 2018 to 2022, the average export prices remained at a lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Saudi Arabia ($X per ton) and the United Arab Emirates ($X per ton), while the average price for exports to Bahrain ($X per ton) and Qatar ($X per ton) were amongst the lowest.

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

Plantain Imports

Imports into Sri Lanka

After two years of decline, supplies from abroad of plantains decreased by X% to X kg in 2019. Overall, imports saw a precipitous descent. The smallest decline of X% was in 2017. Imports peaked at X kg in 2013; however, from 2014 to 2019, imports failed to regain momentum.

In value terms, plantain imports stood at $X in 2019. In general, imports recorded a sharp descent. The smallest decline of X% was in 2017. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2019, imports failed to regain momentum.

Imports by Country

In 2019, Brazil (X kg) constituted the largest supplier of plantain to Sri Lanka, accounting for a X% share of total imports. Moreover, plantain imports from Brazil exceeded the figures recorded by the second-largest supplier, India (X kg), fourfold.

From 2013 to 2019, the average annual growth rate of volume from Brazil was relatively modest.

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

From 2013 to 2019, the average annual rate of growth in terms of value from Brazil was relatively modest.

Import Prices by Country

In 2019, the average plantain import price amounted to $X per ton, approximately equating the previous year. Over the period under review, the import price continues to indicate a significant expansion. The most prominent rate of growth was recorded in 2017 when the average import price decreased by X%. Over the period under review, average import prices reached the maximum in 2019 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2019, amid the top importers, the country with the highest price was India ($X per ton), while the price for Brazil amounted to $X per ton.

From 2013 to 2019, the most notable rate of growth in terms of prices was attained by India (X%).

Source: IndexBox Platform

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