Sri Lanka: Strawberry Market 2024

Strawberry Market Size in Sri Lanka

In 2022, the Sri Lankan strawberry market decreased by X% to $X, falling for the third consecutive year after two years of growth. Overall, consumption continues to indicate a abrupt shrinkage. Over the period under review, the market attained the peak level at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Strawberry Production in Sri Lanka

In value terms, strawberry production reduced 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 in certain years. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2022, production growth remained at a somewhat lower figure.

The average yield of strawberries in Sri Lanka stood at less than X kg per ha in 2022, remaining stable against 2021. Overall, the yield saw 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 strawberry harvested area in Sri Lanka amounted to less than X ha, leveling off at the previous year's figure. Over the period under review, the harvested area showed a relatively flat trend pattern.

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Strawberry Exports

Exports from Sri Lanka

In 2022, overseas shipments of strawberries increased by X% to X tons, rising for the second year in a row after three years of decline. Overall, exports enjoyed noticeable growth. The pace of growth was the most pronounced in 2021 when exports increased by X%. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the near future.

In value terms, strawberry exports skyrocketed to $X in 2022. Over the period under review, exports showed a prominent expansion. The pace of growth was the most pronounced in 2021 with an increase of X%. The exports peaked in 2022 and are likely to continue growth in years to come.

Exports by Country

India (X tons) was the main destination for strawberry exports from Sri Lanka, with a X% share of total exports. Moreover, strawberry exports to India exceeded the volume sent to the second major destination, Bahrain (X tons), threefold. Maldives (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to India was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Bahrain (X% per year) and Maldives (X% per year).

In value terms, India ($X) remains the key foreign market for strawberries exports from Sri Lanka, comprising X% of total exports. The second position in the ranking was taken by Bahrain ($X), with a X% share of total exports. It was followed by Maldives, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to India amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bahrain (X% per year) and Maldives (X% per year).

Export Prices by Country

In 2022, the average strawberry export price amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, export price indicated resilient growth from 2012 to 2022: its price 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, strawberry export price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2015 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2016 to 2022, the average export prices failed to regain momentum.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Bahrain ($X per ton) and Maldives ($X per ton), while the average price for exports to Russia ($X per ton) and India ($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 Russia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Strawberry Imports

Imports into Sri Lanka

In 2022, overseas purchases of strawberries decreased by X% to X kg, falling for the third year in a row after two years of decline. Overall, imports saw a sharp reduction. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, strawberry imports stood at $X in 2022. Over the period under review, imports faced a significant curtailment. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the United Arab Emirates (X kg) was the main strawberry supplier to Sri Lanka, with a approx. X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United Arab Emirates was relatively modest.

In value terms, the United Arab Emirates ($X) constituted the largest supplier of strawberries to Sri Lanka.

From 2012 to 2022, the average annual rate of growth in terms of value from the United Arab Emirates was relatively modest.

Import Prices by Country

In 2022, the average strawberry import price amounted to $X per ton, approximately reflecting the previous year. Over the period under review, the import price recorded a modest increase. The most prominent rate of growth was recorded in 2016 when the average import price increased by X%. The import price peaked at $X per ton in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for the United Arab Emirates.

From 2012 to 2022, the rate of growth in terms of prices for Belgium amounted to X% per year.

Source: IndexBox Platform

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