Price for Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in Sri Lanka - 2022
Contents:
- Price for Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in Sri Lanka (FOB) - 2022
- Price for Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in Sri Lanka (CIF) - 2022
- Exports of Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in Sri Lanka
- Imports of Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in Sri Lanka
Price for Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in Sri Lanka (FOB) - 2022
The average export price for nuts, edible; cashew nuts, shelled, fresh or drieds stood at $11,847 per ton in 2022, stabilizing at the previous year. Over the last decade, it increased at an average annual rate of +2.6%. The growth pace was the most rapid in 2014 when the average export price increased by 13% against the previous year. The export price peaked at $12,193 per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($24,936 per ton), while the average price for exports to Thailand ($2,000 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 the United States (+8.2%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in Sri Lanka (CIF) - 2022
The average import price for nuts, edible; cashew nuts, shelled, fresh or drieds stood at $6,471 per ton in 2022, shrinking by -5.7% against the previous year. Over the period under review, import price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for nuts, edible; cashew nuts, shelled, fresh or drieds decreased by -23.5% against 2019 indices. The pace of growth was the most pronounced in 2013 when the average import price increased by 46% against the previous year. Over the period under review, average import prices hit record highs at $8,457 per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Saudi Arabia ($20,000 per ton), while the price for Vietnam ($4,500 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+7.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in Sri Lanka
Exports of nuts, edible; cashew nuts, shelled, fresh or drieds from Sri Lanka surged to 58 tons in 2022, growing by 38% on 2021 figures. Over the period under review, total exports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +7.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +56.8% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of nuts, edible; cashew nuts, shelled, fresh or drieds surged to $690K in 2022. Overall, total exports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +9.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +52.4% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 103 | 137 | 137 | 162 | 16.3% |
| Malaysia | 77.4 | 19.1 | N/A | 137 | 21.0% |
| United Kingdom | 1.6 | 7.1 | 21.9 | 107 | 305.9% |
| Australia | 102 | 94.5 | 70.4 | 89.1 | -4.4% |
| United States | N/A | N/A | 80.6 | 64.0 | -20.6% |
| Maldives | 71.2 | 90.6 | 74.3 | 47.1 | -12.9% |
| New Zealand | 24.1 | 46.1 | 40.5 | 20.3 | -5.6% |
| United Arab Emirates | 118 | 17.0 | 12.8 | 3.2 | -70.0% |
| Others | 27.0 | 41.0 | 61.1 | 60.6 | 30.9% |
| Total | 523 | 453 | 498 | 690 | 9.7% |
Top Export Markets for Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried from Sri Lanka in 2022:
- Maldives (15.5 tons)
- Malaysia (11.5 tons)
- United Kingdom (9.9 tons)
- Australia (6.7 tons)
- Japan (6.5 tons)
- United States (3.3 tons)
- New Zealand (1.2 tons)
- United Arab Emirates (0.2 tons)
Imports of Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in Sri Lanka
In 2022, imports of nuts, edible; cashew nuts, shelled, fresh or drieds into Sri Lanka shrank markedly to 17 kg, waning by 99.9% on the previous year's figure. Overall, imports continue to indicate a sharp shrinkage. The smallest decline of -17.3% was in 2021.
In value terms, imports of nuts, edible; cashew nuts, shelled, fresh or drieds declined notably to $110 in 2022. Over the period under review, imports faced a sharp decline. The smallest decline of -25.5% was in 2021.
| Import of Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Nigeria | N/A | N/A | N/A | N/A | 0% |
| Vietnam | 227 | N/A | N/A | N/A | 0% |
| India | N/A | 562 | 404 | N/A | -28.1% |
| United Arab Emirates | 532 | 2.8 | 12.9 | N/A | -84.4% |
| Australia | N/A | N/A | N/A | N/A | 0% |
| Saudi Arabia | N/A | N/A | N/A | N/A | 0% |
| Others | N/A | 0.2 | 4.4 | N/A | 2100.0% |
| Total | 759 | 565 | 421 | 0.1 | -94.9% |
Top Suppliers of Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried to Sri Lanka in 2022:
- Vietnam (10.0 kg)
- India (3.0 kg)
- Saudi Arabia (1.0 kg)
- Australia (1.0 kg)
- United Arab Emirates (1.0 kg)
- Nigeria (1.0 kg)
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