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Sri Lanka - Potato - Market Analysis, Forecast, Size, Trends and Insights
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Sri Lanka: Potato Market Overview 2021

Potato Market Size in Sri Lanka

In 2020, the Sri Lankan potato market increased by X% to $X, rising for the third year in a row after three years of decline. Overall, the total consumption indicated notable growth from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, consumption increased by +X% against 2017 indices. The most prominent rate of growth was recorded in 2010 with an increase of X% y-o-y. Over the period under review, the market reached the peak level in 2020 and is expected to retain growth in the immediate term.

Potato Production in Sri Lanka

In value terms, potato production contracted significantly to $X in 2020 estimated in export prices. Over the period under review, production continues to indicate a pronounced decline. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. Potato production peaked at $X in 2019, and then dropped markedly in the following year.

The average yield of potatoes in Sri Lanka expanded modestly to X tonnes per ha in 2020, surging by X% on 2019. The yield figure increased at an average annual rate of +X% from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2012 with an increase of X% y-o-y. The potato yield peaked in 2020 and is likely to see steady growth in the immediate term. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2020, approx. X ha of potatoes were harvested in Sri Lanka; remaining relatively unchanged against the previous year's figure. Overall, the harvested area continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 when the harvested area increased by X% year-to-year. The potato harvested area peaked in 2020 and is expected to retain growth in the immediate term.

Potato Exports

Exports from Sri Lanka

In 2020, exports of potatoes from Sri Lanka contracted notably to X tonnes, with a decrease of -X% compared with 2019 figures. Over the period under review, exports, however, saw notable growth. The most prominent rate of growth was recorded in 2010 with an increase of X% year-to-year. As a result, exports attained the peak of X tonnes. from 2011 to 2020, the growth exports failed to regain the momentum.

In value terms, potato exports reduced dramatically to $X in 2020. In general, exports, however, continue to indicate a measured increase. The pace of growth was the most pronounced in 2010 with an increase of X% against the previous year. Over the period under review, exports reached the peak figure at $X in 2019, and then dropped rapidly in the following year.

Exports by Country

Canada (X tonnes), the U.S. (X tonnes) and Maldives (X tonnes) were the main destinations of potato exports from Sri Lanka, together accounting for X% of total exports.

From 2007 to 2020, the biggest increases were in the U.S., while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for potato exported from Sri Lanka were Canada ($X), the U.S. ($X) and Maldives ($X), with a combined X% share of total exports. The United Arab Emirates lagged somewhat behind, comprising a further X the main countries of destination, the United Arab Emirates 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

In 2020, the average potato export price amounted to $X per tonne, declining by -X% against the previous year. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the average export price increased by X% against the previous year. The export price peaked at $X per tonne in 2018; however, from 2019 to 2020, export prices failed to regain the momentum.

There were significant differences in the average prices for the major overseas markets. In 2020, the country with the highest price was the United Arab Emirates ($X per tonne), while the average price for exports to Canada ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates, while the prices for the other major destinations experienced mixed trend patterns.

Potato Imports

Imports into Sri Lanka

In 2020, imports of potatoes into Sri Lanka dropped to X tonnes, shrinking by -X% on the previous year's figure. In general, total imports indicated a pronounced expansion from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports decreased by -X% against 2018 indices. The most prominent rate of growth was recorded in 2010 when imports increased by X% year-to-year. Imports peaked at X tonnes in 2018; however, from 2019 to 2020, imports stood at a somewhat lower figure.

In value terms, potato imports skyrocketed to $X in 2020. Over the period under review, total imports indicated a prominent expansion from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports increased by +X% against 2018 indices. The most prominent rate of growth was recorded in 2010 with an increase of X% y-o-y. Over the period under review, imports attained the peak figure in 2020 and are likely to see steady growth in the immediate term.

Imports by Country

In 2020, Pakistan (X tonnes) constituted the largest supplier of potato to Sri Lanka, accounting for a X% share of total imports. Moreover, potato imports from Pakistan exceeded the figures recorded by the second-largest supplier, China (X tonnes), threefold. The third position in this ranking was occupied by the Netherlands (X tonnes), with a X% share.

From 2007 to 2020, the average annual growth rate of volume from Pakistan 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).

In value terms, Pakistan ($X) constituted the largest supplier of potato to Sri Lanka, comprising X% of total imports. The second position in the ranking was occupied by China ($X), with a X% share of total imports. It was followed by the Netherlands, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value from Pakistan 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).

Import Prices by Country

The average potato import price stood at $X per tonne in 2020, growing by X% against the previous year. Overall, import price indicated a moderate increase from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, potato import price increased by +X% against 2018 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2020, the highest prices were recorded for prices from the Netherlands ($X per tonne) and India ($X per tonne), while the price for Pakistan ($X per tonne) and Bangladesh ($X per tonne) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Bangladesh, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for potatoes in the world?
+
The countries with the highest volumes of potato consumption in 2020 were China (94M tonnes), India (52M tonnes) and Russia (22M tonnes), with a combined 44% share of global consumption. Ukraine, the U.S., Bangladesh, Germany, the Netherlands, France, Poland, Belgium and Belarus lagged somewhat behind, together comprising a further 24%.
What are the largest producers of potatoes in the world?
+
The countries with the highest volumes of potato production in 2020 were China (95M tonnes), India (53M tonnes) and Russia (22M tonnes), with a combined 45% share of global production. Ukraine, the U.S., Germany, Bangladesh, France, the Netherlands, Poland and Belarus lagged somewhat behind, together accounting for a further 23%.
What are the leading suppliers of potatoes to Sri Lanka?
+
In value terms, Pakistan ($23M) constituted the largest supplier of potato to Sri Lanka, comprising 53% of total imports. The second position in the ranking was occupied by China ($8.4M), with a 20% share of total imports. It was followed by the Netherlands, with a 12% share.
What are the leading importers of potatoes from Sri Lanka?
+
In value terms, Canada ($16K), the U.S. ($13K) and Maldives ($2.3K) constituted the largest markets for potato exported from Sri Lanka worldwide, together comprising 93% of total exports. The United Arab Emirates lagged somewhat behind, accounting for a further 5.1%.
What is the average export price for potatoes in Sri Lanka?
+
In 2020, the average potato export price amounted to $803 per tonne, which is down by -12.3% against the previous year.
What is the average import price for potatoes in Sri Lanka?
+
In 2020, the average potato import price amounted to $330 per tonne, increasing by 54% against the previous year.

Product coverage:
• FCL 116 - Potatoes

This report provides an in-depth analysis of the potato market in Sri Lanka. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.


Country coverage:
• Sri Lanka

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Sri Lanka
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
COUNTRIES WITH TOP YIELDS
5.4
TOP EXPORTING COUNTRIES
5.5
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Yield And Growth
Figure 15:
Exports And Growth
Figure 16:
Export Prices And Growth
Figure 17:
Market Size And Growth
Figure 18:
Per Capita Consumption
Figure 19:
Imports And Growth
Figure 20:
Import Prices
Figure 21:
Production, In Physical Terms, 2007–2020
Figure 22:
Production, In Value Terms, 2007–2020
Figure 23:
Area Harvested, 2007–2020
Figure 24:
Yield, 2007–2020
Figure 25:
Imports, In Physical Terms, 2007–2020
Figure 26:
Imports, In Value Terms, 2007–2020
Figure 27:
Imports, In Physical Terms, By Country, 2020
Figure 28:
Imports, In Physical Terms, By Country, 2007–2020
Figure 29:
Imports, In Value Terms, By Country, 2007–2020
Figure 30:
Import Prices, By Country Of Origin, 2007–2020
Figure 31:
Exports, In Physical Terms, 2007–2020
Figure 32:
Exports, In Value Terms, 2007–2020
Figure 33:
Exports, In Physical Terms, By Country, 2020
Figure 34:
Exports, In Physical Terms, By Country, 2007–2020
Figure 35:
Exports, In Value Terms, By Country, 2007–2020
Figure 36:
Export Prices, By Country Of Destination, 2007–2020

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