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Sri Lanka - Plantains - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSri Lanka: Plantain Market 2024
Plantain Market Size in Sri Lanka
After two years of decline, the Sri Lankan plantain market increased by X% to $X in 2023. Overall, the total consumption indicated moderate growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2021 to 2023, the growth of the market remained at a somewhat lower figure.
Plantain Production in Sri Lanka
In value terms, plantain production surged to $X in 2023 estimated in export price. Overall, the total production indicated a perceptible increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2023, production growth failed to regain momentum.
The average yield of plantains in Sri Lanka fell to X tons per ha in 2023, shrinking by X% against the previous year's figure. Over the period under review, the yield indicated pronounced growth from 2012 to 2023: its figure increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, plantain yield decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2020 when the yield increased by X%. As a result, the yield attained the peak level of X tons per ha. From 2021 to 2023, the growth of the average plantain yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.
In 2023, the total area harvested in terms of plantains production in Sri Lanka reduced slightly to X ha, therefore, remained relatively stable against the previous year's figure. Overall, the harvested area saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, the harvested area dedicated to plantain production reached the peak figure at X ha in 2014; however, from 2015 to 2023, the harvested area remained at a lower figure.
Plantain Exports
Exports from Sri Lanka
In 2023, overseas shipments of plantains were finally on the rise to reach X tons after two years of decline. Overall, exports continue to indicate a prominent increase. The pace of growth appeared the most rapid in 2014 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2016; however, from 2017 to 2023, the exports stood at a somewhat lower figure.
In value terms, plantain exports surged to $X in 2023. In general, exports showed a prominent increase. The most prominent rate of growth was recorded in 2014 when exports increased by X%. The exports peaked at $X in 2017; however, from 2018 to 2023, the exports remained at a lower figure.
Exports by Country
Saudi Arabia (X tons), the United Arab Emirates (X tons) and Qatar (X tons) were the main destinations of plantain exports from Sri Lanka, together comprising X% of total exports.
From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United Arab Emirates (with a CAGR of X%), while the other leaders experienced more modest paces of growth.
In value terms, the largest markets for plantain exported from Sri Lanka were Saudi Arabia ($X), the United Arab Emirates ($X) and Iran ($X), with a combined X% share of total exports.
Iran, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.
Export Prices by Country
In 2023, the average plantain export price amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, export price indicated a mild expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The export price peaked at $X per ton in 2017; however, from 2018 to 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In 2023, amid the top suppliers, the country with the highest price was Iran ($X per ton), while the average price for exports to Kuwait ($X per ton) was amongst the lowest.
From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Iran (X%), while the prices for the other major destinations experienced more modest paces of growth.
Plantain Imports
Imports into Sri Lanka
In 2019, supplies from abroad of plantains decreased by X% to X kg for the first time since 2016, thus ending a two-year declining trend. Over the period under review, imports saw a sharp curtailment. The smallest decline of X% was in 2017. Imports peaked at X kg in 2013; however, from 2014 to 2019, imports remained at a lower figure.
In value terms, plantain imports amounted to $X in 2019. Overall, imports recorded a significant decline. The smallest decline of X% was in 2017. Imports peaked at $X in 2013; however, from 2014 to 2019, imports failed to regain momentum.
Imports by Country
In 2019, Brazil (X kg) was the main plantain supplier to Sri Lanka, accounting for a X% share of total imports. Moreover, plantain imports from Brazil exceeded the figures recorded by the second-largest supplier, India (X kg), fourfold.
From 2013 to 2019, the average annual growth rate of volume from Brazil was relatively modest.
In value terms, Brazil ($X) constituted the largest supplier of plantains to Sri Lanka, comprising X% of total imports. The second position in the ranking was taken by India ($X), with a X% share of total imports.
From 2013 to 2019, the average annual rate of growth in terms of value from Brazil was relatively modest.
Import Prices by Country
In 2019, the average plantain import price amounted to $X per ton, standing approx. at the previous year. Over the period under review, the import price continues to indicate a significant increase. The pace of growth was the most pronounced in 2017 when the average import price decreased by X%. The import price peaked in 2019 and is likely to continue growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($X per ton), while the price for Brazil stood at $X per ton.
From 2013 to 2019, the most notable rate of growth in terms of prices was attained by India (X%).
Source: IndexBox Platform
This report provides an in-depth analysis of the plantain market in Sri Lanka. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 489 - Plantains
Country coverage:
- Sri Lanka
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Sri Lanka
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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