Sri Lanka - Cherries - Market Analysis, Forecast, Size, Trends and Insights
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View PricingCherry Price in Sri Lanka - 2022
Contents:
- Cherry Price in Sri Lanka (FOB) - 2022
- Cherry Price in Sri Lanka (CIF) - 2022
- Cherry Exports in Sri Lanka
- Cherry Imports in Sri Lanka
Cherry Price in Sri Lanka (FOB) - 2022
In 2022, the average cherry export price amounted to $2,611 per ton, rising by 20% against the previous year. Over the period under review, the export price showed measured growth. The pace of growth appeared the most rapid in 2015 an increase of 27% against the previous year. The export price peaked at $3,253 per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bahrain ($3,000 per ton), while the average price for exports to Maldives ($1,000 per ton) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bahrain (+24.0%), while the prices for the other major destinations experienced mixed trend patterns.
Cherry Price in Sri Lanka (CIF) - 2022
In 2022, the average cherry import price amounted to $2,493 per ton, falling by -17.4% against the previous year. Overall, the import price saw a abrupt decline. The most prominent rate of growth was recorded in 2017 when the average import price increased by 110%. Over the period under review, average import prices reached the peak figure at $7,267 per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Singapore ($2,621 per ton), while the price for the United States ($2,333 per ton) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was attained by China (+2.9%), while the prices for the other major suppliers experienced a decline.
Cherry Exports in Sri Lanka
After two years of decline, shipments abroad of cherries decreased by -58.1% to 131 kg in 2022. Overall, exports continue to indicate a pronounced reduction.
In value terms, cherry exports contracted notably to $342 in 2022. Over the period under review, exports faced a deep contraction.
| Export of Cherry in Sri Lanka (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | 473 | N/A | 510 | 338 | -10.6% |
| Ethiopia | N/A | N/A | 163 | N/A | 0% |
| Others | 2.0 | N/A | 10.0 | 4.0 | 26.0% |
| Total | 475 | N/A | 683 | 342 | -10.4% |
Top Export Markets for Cherry from Sri Lanka in 2022:
- Saudi Arabia (129.0 kg)
Cherry Imports in Sri Lanka
In 2022, cherry imports into Sri Lanka shrank sharply to 75 kg, which is down by -31.8% against the year before. In general, imports, however, showed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 746% against the previous year. As a result, imports reached the peak of 110 kg, and then dropped markedly in the following year.
In value terms, cherry imports contracted dramatically to $187 in 2022. Overall, imports, however, recorded strong growth. The most prominent rate of growth was recorded in 2021 with an increase of 655% against the previous year. As a result, imports attained the peak of $332, and then fell dramatically in the following year.
| Import of Cherry in Sri Lanka (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 29.0 | 16.0 | 176 | 104 | 53.1% |
| Singapore | 72.0 | 14.0 | 141 | 76.0 | 1.8% |
| United States | 3.0 | 1.0 | 15.0 | 7.0 | 32.6% |
| India | N/A | 12.0 | N/A | N/A | 0% |
| Others | 5.0 | 1.0 | N/A | N/A | -80.0% |
| Total | 109 | 44.0 | 332 | 187 | 19.7% |
Top Suppliers of Cherry to Sri Lanka in 2022:
- United Arab Emirates (43.0 kg)
- Singapore (29.0 kg)
- United States (3.0 kg)
This report provides an in-depth analysis of the cherry 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 531 - Cherries
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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