Dried Apricot Price in Sri Lanka - 2021
Contents:
- Dried Apricot Price in Sri Lanka (CIF) - 2022
- Dried Apricot Price in Sri Lanka (FOB) - 2022
- Dried Apricot Imports in Sri Lanka
- Dried Apricot Exports in Sri Lanka
Dried Apricot Price in Sri Lanka (CIF) - 2022
The average dried apricot import price stood at $2,129 per ton in 2022, waning by -9.1% against the previous year. In general, the import price recorded a abrupt setback. The growth pace was the most rapid in 2017 when the average import price increased by 13% against the previous year. The import price peaked at $6,416 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.
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 Singapore ($7,000 per ton), while the price for India ($1,213 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Iran (+143.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Dried Apricot Price in Sri Lanka (FOB) - 2022
In 2022, the average dried apricot export price amounted to $1,142 per ton, dropping by -44% against the previous year. In general, the export price continues to indicate a deep contraction. The growth pace was the most rapid in 2018 when the average export price increased by 5.7%. The export price peaked at $6,787 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for the United Arab Emirates.
From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to -4.0% per year.
Dried Apricot Imports in Sri Lanka
In 2022, supplies from abroad of dried apricots decreased by -39.8% to 3.4 tons for the first time since 2018, thus ending a three-year rising trend. In general, total imports indicated a slight increase from 2019 to 2022: its volume increased at an average annual rate of +1.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 41% against the previous year. As a result, imports reached the peak of 5.7 tons, and then fell markedly in the following year.
In value terms, dried apricot imports fell markedly to $7.3K in 2022. Overall, imports showed a abrupt contraction. The most prominent rate of growth was recorded in 2020 with an increase of 30%. As a result, imports reached the peak of $14K. From 2021 to 2022, the growth of imports remained at a lower figure.
| Import of Dried Apricot in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 3.1 | 2.6 | 0.4 | 2.8 | -3.3% |
| India | 0.6 | 1.4 | 3.1 | 2.2 | 54.2% |
| United Arab Emirates | 0.7 | 1.8 | 1.3 | 1.4 | 26.0% |
| Turkey | 3.0 | 2.3 | 1.3 | 0.9 | -33.1% |
| Germany | 0.9 | 1.2 | 3.5 | N/A | 97.2% |
| Netherlands | 0.8 | 1.2 | 1.0 | N/A | 11.8% |
| Others | 1.8 | 3.6 | 2.8 | N/A | 24.7% |
| Total | 10.9 | 14.2 | 13.4 | 7.3 | -12.5% |
Top Suppliers of Dried Apricot to Sri Lanka in 2022:
- India (1812.0 kg)
- Australia (720.0 kg)
- Turkey (511.0 kg)
- United Arab Emirates (398.0 kg)
Dried Apricot Exports in Sri Lanka
Dried apricot exports from Sri Lanka surged to 155 kg in 2022, picking up by 107% against the previous year. Overall, exports recorded significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, dried apricot exports skyrocketed to $177 in 2022. In general, exports showed a relatively flat trend pattern. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Dried Apricot in Sri Lanka (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 5.0 | 43.0 | 13.0 | 177 | 228.3% |
| Cyprus | N/A | N/A | 18.0 | N/A | 0% |
| Jordan | 50.0 | N/A | N/A | N/A | 0% |
| Czech Republic | 52.0 | 82.0 | 85.0 | N/A | 27.9% |
| Italy | 17.0 | N/A | N/A | N/A | 0% |
| Australia | 42.0 | N/A | N/A | N/A | 0% |
| Others | 8.0 | 35.0 | 37.0 | N/A | 115.1% |
| Total | 174 | 160 | 153 | 177 | 0.6% |
Top Export Markets for Dried Apricot from Sri Lanka in 2022:
- United Arab Emirates (155.0 kg)
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