Sri Lanka - Almonds - Market Analysis, Forecast, Size, Trends and Insights
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View PricingAlmond Price in Sri Lanka - 2021
Contents:
- Almond Price in Sri Lanka (CIF) - 2022
- Almond Price in Sri Lanka (FOB) - 2022
- Almond Imports in Sri Lanka
- Almond Exports in Sri Lanka
Almond Price in Sri Lanka (CIF) - 2022
In 2022, the average almond import price amounted to $1,412 per ton, dropping by -17% against the previous year. In general, the import price continues to indicate a noticeable descent. The most prominent rate of growth was recorded in 2013 when the average import price increased by 103% against the previous year. As a result, import price attained the peak level of $4,470 per ton. From 2014 to 2022, the average import prices failed to regain momentum.
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 the United Arab Emirates ($4,004 per ton), while the price for Singapore ($900 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+6.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Almond Price in Sri Lanka (FOB) - 2022
The average almond export price stood at $3,750 per ton in 2022, therefore, remained relatively stable against the previous year. In general, the export price saw strong growth. The pace of growth appeared the most rapid in 2017 when the average export price increased by 54% against the previous year. The export price peaked at $8,634 per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Australia.
From 2012 to 2022, the rate of growth in terms of prices for Qatar amounted to +11.4% per year.
Almond Imports in Sri Lanka
For the fourth year in a row, Sri Lanka recorded growth in supplies from abroad of almonds, which increased by 61% to 112 tons in 2022. Over the period under review, imports recorded significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 526% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in years to come.
In value terms, almond imports soared to $159K in 2022. Overall, imports saw a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 302% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Almond in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 4.9 | 6.8 | 50.7 | 108 | 180.4% |
| India | 4.9 | 22.8 | 30.1 | 40.3 | 101.9% |
| United Arab Emirates | 4.0 | 35.5 | 24.7 | 9.0 | 31.0% |
| Australia | 5.0 | 11.1 | 5.6 | N/A | 5.8% |
| Others | 0.7 | 2.6 | 7.7 | 1.1 | 16.3% |
| Total | 19.6 | 78.7 | 119 | 159 | 100.9% |
Top Suppliers of Almond to Sri Lanka in 2022:
- United States (73.8 tons)
- India (36.2 tons)
- United Arab Emirates (2.3 tons)
Almond Exports in Sri Lanka
In 2022, overseas shipments of almonds decreased by 99.9% to 12 kg for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports faced a sharp descent. The growth pace was the most rapid in 2020 when exports increased by 304%.
In value terms, almond exports fell sharply to $45 in 2022. In general, exports faced a precipitous decline. The most prominent rate of growth was recorded in 2020 when exports increased by 143% against the previous year. As a result, the exports attained the peak of $97K. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Almond in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 22.8 | 21.5 | 21.0 | N/A | -4.0% |
| Maldives | 2.0 | 2.4 | 3.3 | N/A | 28.5% |
| India | 7.5 | 63.8 | 53.4 | N/A | 166.8% |
| Kuwait | 0.9 | 0.8 | 0.9 | N/A | 0.0% |
| Australia | 0.1 | 0.1 | 0.2 | N/A | 41.4% |
| Qatar | 6.5 | 8.2 | 11.4 | N/A | 32.4% |
| Others | 0.1 | 0.2 | 0.4 | N/A | 100.0% |
| Total | 39.9 | 97.0 | 90.5 | N/A | 50.6% |
Top Export Markets for Almond from Sri Lanka in 2022:
- Australia (12.0 kg)
This report provides an in-depth analysis of the almond 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 221 - Almonds
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
-
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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