Sri Lanka: Vegetable And Melon Market 2024

Vegetable And Melon Market Size in Sri Lanka

In 2023, the Sri Lankan vegetable and melon market decreased by X% to $X, falling for the second consecutive year after two years of growth. In general, the total consumption indicated a resilient expansion 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. Based on 2023 figures, consumption decreased by X% against 2021 indices. Over the period under review, the market attained the peak level at $X in 2021; however, from 2022 to 2023, consumption failed to regain momentum.

Vegetable And Melon Production in Sri Lanka

In value terms, vegetable and melon production expanded significantly to $X in 2023 estimated in export price. Over the period under review, the total production indicated a resilient 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. Based on 2023 figures, production increased by X% against 2017 indices. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. Over the period under review, production hit record highs in 2023 and is expected to retain growth in years to come.

In 2023, the average yield of vegetables and melons in Sri Lanka expanded modestly to X tons per ha, surging by X% on 2022. The yield figure increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained consistent, with only minor fluctuations in certain years. The pace of growth appeared the most rapid in 2013 with an increase of X%. The vegetable and melon yield peaked at X tons per ha in 2018; however, from 2019 to 2023, the 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.

The vegetable and melon harvested area in Sri Lanka amounted to X ha in 2023, increasing by X% against the year before. The harvested area increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when the harvested area increased by X%. The vegetable and melon harvested area peaked at X ha in 2021; however, from 2022 to 2023, the harvested area stood at a somewhat lower figure.

Vegetable And Melon Exports

Exports from Sri Lanka

In 2023, approx. X tons of vegetables and melons were exported from Sri Lanka; with an increase of X% compared with 2022. Over the period under review, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of X%. The exports peaked at X tons in 2017; however, from 2018 to 2023, the exports remained at a lower figure.

In value terms, vegetable and melon exports expanded remarkably to $X in 2023. In general, exports continue to indicate noticeable growth. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2023, the exports failed to regain momentum.

Exports by Country

Maldives (X tons) was the main destination for vegetable and melon exports from Sri Lanka, with a X% share of total exports. Moreover, vegetable and melon exports to Maldives exceeded the volume sent to the second major destination, the UK (X tons), fivefold. The third position in this ranking was taken by Qatar (X tons), with a X% share.

From 2012 to 2023, the average annual growth rate of volume to Maldives stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (X% per year) and Qatar (X% per year).

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

From 2012 to 2023, the average annual growth rate of value to Maldives stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (X% per year) and France (X% per year).

Export Prices by Country

In 2023, the average vegetable and melon export price amounted to $X per ton, growing by X% against the previous year. In general, export price indicated a temperate 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. Based on 2023 figures, vegetable and melon export price increased by X% against 2018 indices. The pace of growth appeared the most rapid in 2021 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs in 2023 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Switzerland ($X per ton), while the average price for exports to Italy ($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 the UK (X%), while the prices for the other major destinations experienced more modest paces of growth.

Vegetable And Melon Imports

Imports into Sri Lanka

In 2023, supplies from abroad of vegetables and melons increased by X% to X tons, rising for the second year in a row after two years of decline. Overall, imports recorded a resilient increase. The growth pace was the most rapid in 2022 when imports increased by X%. Imports peaked in 2023 and are expected to retain growth in years to come.

In value terms, vegetable and melon imports declined slightly to $X in 2023. In general, imports saw a prominent increase. The growth pace was the most rapid in 2019 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2023, imports remained at a lower figure.

Imports by Country

India (X tons), Pakistan (X tons) and China (X tons) were the main suppliers of vegetable and melon imports to Sri Lanka, with a combined X% share of total imports. Bangladesh and Egypt lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the biggest increases were recorded for Egypt (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest vegetable and melon suppliers to Sri Lanka were India ($X), Pakistan ($X) and China ($X), with a combined X% share of total imports. Egypt and Bangladesh lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Egypt, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the average vegetable and melon import price amounted to $X per ton, dropping by X% against the previous year. Over the period under review, import price indicated a mild expansion from 2012 to 2023: its price 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. Based on 2023 figures, vegetable and melon import price decreased by X% against 2021 indices. The pace of growth was the most pronounced in 2013 an increase of X% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2016; however, from 2017 to 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was China ($X per ton), while the price for Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Egypt (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform