Price for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Sri Lanka - 2022

Contents:

1. Price for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Sri Lanka (CIF) - 2022
2. Price for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Sri Lanka (FOB) - 2022
3. Imports of Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Sri Lanka
4. Exports of Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Sri Lanka

Price for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Sri Lanka (CIF) - 2022

The average import price for tomatoes; prepared or preserved otherwise than by vinegar or acetic acid stood at $906 per ton in 2022, rising by 3.6% against the previous year. Over the last decade, it increased at an average annual rate of +2.2%. The pace of growth appeared the most rapid in 2013 an increase of 34%. Over the period under review, average import prices reached the maximum at $1,038 per ton in 2016; however, from 2017 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 the United Arab Emirates ($1,383 per ton), while the price for Singapore ($693 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 (+7.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Sri Lanka (FOB) - 2022

In 2022, the average export price for tomatoes; prepared or preserved otherwise than by vinegar or acetic acid amounted to $632 per ton, dropping by -66.8% against the previous year. Overall, the export price continues to indicate a deep contraction. The most prominent rate of growth was recorded in 2019 when the average export price increased by 161% against the previous year. Over the period under review, the average export prices attained the peak figure at $2,273 per ton in 2012; however, from 2013 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 Maldives ($2,015 per ton), while the average price for exports to Singapore totaled $601 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Maldives (-1.2%).

Imports of Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Sri Lanka

Imports of tomatoes; prepared or preserved otherwise than by vinegar or acetic acid into Sri Lanka dropped modestly to 2.7K tons in 2022, waning by -4.2% compared with 2021 figures. The total import volume increased at an average annual rate of +3.9% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 22% against the previous year. As a result, imports reached the peak of 2.8K tons, and then fell modestly in the following year.

In value terms, imports of tomatoes; prepared or preserved otherwise than by vinegar or acetic acid reduced modestly to $2.4M in 2022. In general, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +13.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +45.6% against 2019 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 45%. As a result, imports attained the peak of $2.4M, leveling off in the following year.

Top Suppliers of Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid to Sri Lanka in 2022:

1. China (1706.4 tons)
2. India (441.2 tons)
3. Turkey (218.1 tons)
4. Italy (210.7 tons)
5. Singapore (48.9 tons)
6. United Arab Emirates (24.5 tons)
7. United States (13.9 tons)

Exports of Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Sri Lanka

In 2022, the amount of tomatoes; prepared or preserved otherwise than by vinegar or acetic acid exported from Sri Lanka surged to 39 tons, with an increase of 58% against 2021 figures. Overall, exports saw a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 1,185%. As a result, the exports attained the peak of 71 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of tomatoes; prepared or preserved otherwise than by vinegar or acetic acid shrank rapidly to $24K in 2022. Over the period under review, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 1,030% against the previous year. As a result, the exports reached the peak of $97K. From 2021 to 2022, the growth of the exports of failed to regain momentum.

Top Export Markets for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid from Sri Lanka in 2022:

1. Singapore (37.7 tons)
2. Maldives (0.8 tons)

Source: IndexBox Market Intelligence Platform