8/20/2023 0 Comments Apple juice brands in sri lankaIn value terms, Cyprus ($X), Austria ($X) and Germany ($X) were the largest apple juice suppliers to Sri Lanka, together accounting for 45% of total imports. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+13.1% per year) and Germany (+58.8% per year). Germany (X tons) ranked third in terms of total imports with a 2% share.įrom 2012 to 2021, the average annual rate of growth in terms of volume from Cyprus amounted to +15.4%. Moreover, apple juice imports from Cyprus exceeded the figures recorded by the second-largest supplier, Austria (X tons), twofold. In 2021, Cyprus (X tons) constituted the largest supplier of apple juice to Sri Lanka, with a 27% share of total imports. Over the period under review, imports reached the peak figure at $X in 2019 however, from 2020 to 2021, imports remained at a lower figure. The most prominent rate of growth was recorded in 2014 when imports increased by 309% against the previous year. In general, imports showed a prominent expansion. In value terms, apple juice imports skyrocketed to $X in 2021. Imports peaked at X tons in 2019 however, from 2020 to 2021, imports failed to regain momentum. The most prominent rate of growth was recorded in 2014 with an increase of 353%. Over the period under review, imports showed prominent growth. X tons of apple juice (single strength) were imported into Sri Lanka growing by 45% on the year before. Apple Juice Imports Imports into Sri Lanka Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Maldives ($X per ton), while the average price for exports to Seychelles ($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 Maldives (+17.7%). As a result, the export price reached the peak level and is likely to continue growth in the immediate term. Overall, the export price posted a strong increase. The average apple juice export price stood at $X per ton in 2021, rising by 180% against the previous year. In terms of the main countries of destination, Maldives, with a CAGR of +46.0%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth. In value terms, Maldives ($X), Qatar ($X) and Seychelles ($X) appeared to be the largest markets for apple juice exported from Sri Lanka worldwide, with a combined 99% share of total exports. Qatar (X tons), Seychelles (X tons) and Maldives (X tons) were the main destinations of apple juice exports from Sri Lanka, together accounting for 99% of total exports.įrom 2012 to 2021, the biggest increases were recorded for Seychelles (with a CAGR of +33.0%), while shipments for the other leaders experienced more modest paces of growth. Over the period under review, the exports attained the peak figure at $X in 2019 however, from 2020 to 2021, the exports failed to regain momentum. The pace of growth was the most pronounced in 2013 with an increase of 869%. Overall, exports enjoyed a significant increase. In value terms, apple juice exports skyrocketed to $X in 2021. The exports peaked at X tons in 2019 however, from 2020 to 2021, the exports stood at a somewhat lower figure. The growth pace was the most rapid in 2013 with an increase of 566%. Over the period under review, exports saw a significant expansion. X tons of apple juice (single strength) were exported from Sri Lanka with an increase of 57% against 2020 figures. Apple Juice Exports Exports from Sri Lanka Over the period under review, the market reached the maximum level at $X in 2019 however, from 2020 to 2021, consumption failed to regain momentum. Overall, consumption continues to indicate a resilient increase. 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 apple juice market soared to $X in 2021, jumping by 38% against the previous year. Sri Lanka: Apple Juice Market 2023 Apple Juice Market Size in Sri Lanka
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