Price for Apricots, Cherries, Peaches (Including Nectarines), Plums and Sloes, Fresh in Sri Lanka - 2022

Contents:

  1. Price for Apricots, Cherries, Peaches (Including Nectarines), Plums and Sloes, Fresh in Sri Lanka (CIF) - 2022
  2. Price for Apricots, Cherries, Peaches (Including Nectarines), Plums and Sloes, Fresh in Sri Lanka (FOB) - 2022
  3. Imports of Apricots, Cherries, Peaches (Including Nectarines), Plums and Sloes, Fresh in Sri Lanka
  4. Exports of Apricots, Cherries, Peaches (Including Nectarines), Plums and Sloes, Fresh in Sri Lanka

Price for Apricots, Cherries, Peaches (Including Nectarines), Plums and Sloes, Fresh in Sri Lanka (CIF) - 2022

The average import price for apricots, cherries, peaches (including nectarines), plums and sloes, freshes stood at $1,808 per ton in 2022, increasing by 5.1% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.5%. The most prominent rate of growth was recorded in 2013 an increase of 46% against the previous year. The import price peaked at $1,859 per ton in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Australia ($3,085 per ton), while the price for Israel ($1,111 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+12.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Apricots, Cherries, Peaches (Including Nectarines), Plums and Sloes, Fresh in Sri Lanka (FOB) - 2022

In 2022, the average export price for apricots, cherries, peaches (including nectarines), plums and sloes, freshes amounted to $5,516 per ton, picking up by 77% against the previous year. Overall, the export price showed prominent growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Maldives ($6,767 per ton), while the average price for exports to Bahrain ($1,952 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 Saudi Arabia (+11.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Apricots, Cherries, Peaches (Including Nectarines), Plums and Sloes, Fresh in Sri Lanka

For the third consecutive year, Sri Lanka recorded decline in purchases abroad of apricots, cherries, peaches (including nectarines), plums and sloes, freshes, which decreased by -53.2% to 13 tons in 2022. Overall, imports showed a dramatic decrease. The smallest decline of -49.3% was in 2020.

In value terms, imports of apricots, cherries, peaches (including nectarines), plums and sloes, freshes shrank significantly to $23K in 2022. In general, imports saw a sharp shrinkage. The smallest decline of -47.1% was in 2020.

Import of Apricots, Cherries, Peaches (Including Nectarines), Plums and Sloes, Fresh in Sri Lanka (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Israel15.815.17.27.0-23.8%
China48.318.010.27.0-47.5%
Australia15.411.82.31.8-51.1%
Italy12.57.62.11.0-56.9%
Singapore3.01.71.31.0-30.7%
South Africa2.72.31.10.9-30.7%
United States2.14.02.20.9-24.6%
Others85.137.419.73.1-66.9%
Total18597.946.122.7-50.3%

Top Suppliers of Apricots, Cherries, Peaches (Including Nectarines), Plums and Sloes, Fresh to Sri Lanka in 2022:

  1. Israel (6.3 tons)
  2. China (2.8 tons)
  3. Australia (0.6 tons)
  4. Italy (0.5 tons)
  5. Singapore (0.4 tons)
  6. United States (0.4 tons)
  7. South Africa (0.3 tons)

Exports of Apricots, Cherries, Peaches (Including Nectarines), Plums and Sloes, Fresh in Sri Lanka

In 2022, the amount of apricots, cherries, peaches (including nectarines), plums and sloes, freshes exported from Sri Lanka expanded to 1.6 tons, surging by 4.9% on 2021 figures. Overall, exports, however, faced a sharp shrinkage. The pace of growth was the most pronounced in 2021 with an increase of 416%.

In value terms, exports of apricots, cherries, peaches (including nectarines), plums and sloes, freshes skyrocketed to $8.7K in 2022. Over the period under review, exports, however, faced a dramatic downturn. The growth pace was the most rapid in 2021 with an increase of 591% against the previous year.

Export of Apricots, Cherries, Peaches (Including Nectarines), Plums and Sloes, Fresh in Sri Lanka (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Saudi Arabia37.20.63.27.7-40.8%
Maldives4.90.10.30.4-56.6%
United Arab Emirates0.1N/AN/A0.458.7%
Oman0.4N/AN/A0.1-37.0%
Kuwait0.4N/AN/A0.1-37.0%
EthiopiaN/AN/A1.0N/A0%
Bahrain1.0N/A0.1N/A-68.4%
Others12.5N/A0.10.1-80.0%
Total56.50.74.78.7-46.4%

Top Export Markets for Apricots, Cherries, Peaches (Including Nectarines), Plums and Sloes, Fresh from Sri Lanka in 2022:

  1. Saudi Arabia (1331.0 kg)
  2. United Arab Emirates (88.0 kg)
  3. Maldives (60.0 kg)
  4. Oman (42.0 kg)
  5. Kuwait (27.0 kg)
  6. Bahrain (21.0 kg)

Source: IndexBox Market Intelligence Platform

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