Moreover, concentrated apple juice imports from China exceeded the figures recorded by the second-largest supplier, Australia (X tons), threefold. In 2021, China (X tons) constituted the largest concentrated apple juice supplier to Sri Lanka, with a 40% share of total imports. From 2018 to 2021, the growth of imports remained at a lower figure. As a result, imports reached the peak of $X. The pace of growth appeared the most rapid in 2017 when imports increased by 128%. In general, imports, however, showed a perceptible decrease. In value terms, concentrated apple juice imports soared to $X in 2021. Imports peaked at X tons in 2017 however, from 2018 to 2021, imports failed to regain momentum. The growth pace was the most rapid in 2015 with an increase of 112%. Overall, imports, however, saw a deep setback. In 2021, imports of concentrated apple juice into Sri Lanka surged to X tons, growing by 40% compared with the year before. Concentrated Apple Juice Imports Imports into Sri Lanka In 2021, amid the top suppliers, the country with the highest price was Maldives ($X per ton), while the average price for exports to Oman ($X per ton) was amongst the lowest.įrom 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+13.1%), while the prices for the other major destinations experienced more modest paces of growth. There were significant differences in the average prices for the major export markets. As a result, the export price attained the peak level of $X per ton, and then reduced dramatically in the following year. The most prominent rate of growth was recorded in 2020 when the average export price increased by 35%. In general, the export price, however, recorded a relatively flat trend pattern. In 2021, the average concentrated apple juice export price amounted to $X per ton, falling by -22.1% against the previous year. Exports to the other major destinations recorded the following average annual rates of exports growth: Maldives (-2.5% per year) and India (-31.2% per year). It was followed by India, with an 11% share.įrom 2012 to 2021, the average annual growth rate of value to the UK totaled +6.6%. The second position in the ranking was held by Maldives ($X), with an 18% share of total exports. In value terms, the UK ($X) remains the key foreign market for concentrated apple juice exports from Sri Lanka, comprising 44% of total exports. ![]() These countries were followed by India, Switzerland, Maldives and the United Arab Emirates, which together accounted for a further 30%.įrom 2012 to 2021, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +5.8%), while shipments for the other leaders experienced a decline. Oman (X tons), Myanmar (X tons) and the UK (X kg) were the main destinations of concentrated apple juice exports from Sri Lanka, with a combined 68% share of total exports. From 2014 to 2021, the growth of the exports remained at a lower figure. ![]() As a result, the exports attained the peak of $X. The most prominent rate of growth was recorded in 2013 with an increase of 329%. Overall, exports faced a dramatic decrease. In value terms, concentrated apple juice exports reduced dramatically to $X in 2021. From 2014 to 2021, the growth of the exports failed to regain momentum. ![]() As a result, the exports attained the peak of X tons. The pace of growth appeared the most rapid in 2013 when exports increased by 378% against the previous year. Over the period under review, exports faced a precipitous decline. In 2021, the amount of concentrated apple juice exported from Sri Lanka dropped dramatically to X tons, with a decrease of -17.3% against the previous year's figure. Concentrated Apple Juice Exports Exports from Sri Lanka Concentrated apple juice consumption peaked at $X in 2017 however, from 2018 to 2021, consumption failed to regain momentum. Over the period under review, consumption, however, saw a noticeable shrinkage. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The Sri Lankan concentrated apple juice market skyrocketed to $X in 2021, with an increase of 52% against the previous year. Sri Lanka: Concentrated Apple Juice Market 2023 Concentrated Apple Juice Market Size in Sri Lanka
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