Sri Lanka: Preserved Peas Market 2024

Preserved Peas Market Size in Sri Lanka

The Sri Lankan preserved peas market rose to $X in 2022, increasing by X% against the previous year. In general, consumption, however, showed a noticeable contraction. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Preserved Peas Production in Sri Lanka

In value terms, preserved peas production expanded rapidly to $X in 2022 estimated in export price. In general, production, however, recorded a noticeable slump. The pace of growth appeared the most rapid in 2020 when the production volume increased by X%. Preserved peas production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

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Preserved Peas Exports

Exports from Sri Lanka

For the fourth year in a row, Sri Lanka recorded decline in shipments abroad of preserved peas, which decreased by X% to X tons in 2022. In general, exports, however, continue to indicate a prominent expansion. 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 attained the maximum at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, preserved peas exports fell to $X in 2022. Over the period under review, exports, however, continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for preserved peas exports from Sri Lanka, with a X% share of total exports. Moreover, preserved peas exports to the United States exceeded the volume sent to the second major destination, Switzerland (X kg), threefold.

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

In value terms, the United States ($X) remains the key foreign market for preserved peas exports from Sri Lanka, comprising X% of total exports. The second position in the ranking was taken by Switzerland ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (X% per year) and Seychelles (X% per year).

Export Prices by Country

The average preserved peas export price stood at $X per ton in 2022, increasing by X% against the previous year. In general, the export price, however, recorded a pronounced descent. The pace of growth was the most pronounced in 2020 an increase of X%. 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 the United States ($X per ton), while the average price for exports to Seychelles ($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 Norway (X%), while the prices for the other major destinations experienced mixed trend patterns.

Preserved Peas Imports

Imports into Sri Lanka

In 2022, after two years of growth, there was significant decline in overseas purchases of preserved peas, when their volume decreased by X% to X tons. In general, imports continue to indicate a precipitous descent. The most prominent rate of growth was recorded in 2020 when imports increased by X%. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, preserved peas imports contracted rapidly to $X in 2022. Over the period under review, imports showed a dramatic setback. The most prominent rate of growth was recorded in 2020 with an increase of X%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) was the main supplier of preserved peas to Sri Lanka, accounting for a X% share of total imports. Moreover, preserved peas imports from China exceeded the figures recorded by the second-largest supplier, Malaysia (X kg), more than tenfold.

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

In value terms, China ($X) constituted the largest supplier of preserved peas to Sri Lanka, comprising X% of total imports. The second position in the ranking was held by Malaysia ($X), with a X% share of total imports.

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

Import Prices by Country

In 2022, the average preserved peas import price amounted to $X per ton, increasing by X% against the previous year. In general, the import price saw a buoyant increase. Over the period under review, average import prices hit record highs at $X per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while the price for Singapore ($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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