Sri Lanka, also known as Ceylon, is one of the pepper producing countries South Asia, member of the International Pepper Community (IPC) since 2002, with pepper production In 2018, it is estimated about 18,600 ton.
Although limited, Sri Lanka has contributed a small portion of global exports with specialty black pepper. Over the past 5 years, Sri Lanka's pepper exports have tended to increase in both quantity and turnover. India has been the leading importer of Sri Lanka pepper for the past 5 years, possibly due to a Free Trade Agreement (FTA) between the two countries.
According to the IPC report, in 2014, Sri Lanka reported exporting a total of 7,925 tons of pepper of all kinds, with a total export turnover of US $ 69.1 million. The average export price reached 8,724 USD / ton. Sri Lanka also reported this year that a total of 5,236 tons of pepper were exported to India, so the IPC's oldest member state became the top destination for pepper exported by Sri Lanka, followed by Germany. with 595 tons.
In 2015, Sri Lanka exported significantly increased pepper to 16,658 tons, up to 110% from the previous year. This is also the year that Sri Lanka recorded the highest total pepper export revenue in the last 5 years with a total of US $ 143.6 million, up 108% compared to the previous year's total export of pepper. . The average price of pepper exports of Sri Lanka this year reached 8,621 USD / ton. India remains the top destination for Sri Lanka pepper exports with a total of 9,069 tons, followed by neighboring Pakistan with 1,503 tons.
In 2016, Sri Lanka's pepper exports decreased by 53% from the previous year, to 7,874 tons. Sri Lanka also lost another 50% of income from pepper exports this year, with a total export revenue of only 72.2 million USD. Recorded the average export price pepper of Sri Lanka reached 9,181 USD / ton. Despite a significant decline, India remains the top destination for Sri Lanka pepper with 4,801 tons, followed by the Russian Federation.
In 2017, Sri Lanka's pepper exports increased by 69% over the previous year, to 13,313 tons. Total export sales of pepper also increased by 16%, worth 83.7 million USD. Therefore, it is recognized that Sri Lanka pepper has an average export price of 6,292 USD / ton. The volume of Indian pepper imported from Sri Lanka soared to 11,041 tons, while Germany followed with 545.
In 2018, Sri Lanka exported 13,118 tons of pepper, 195 tons less than the previous year. The number of pepper exports decreased slightly, bringing the total export revenue of pepper down 12%, to only 73.8 million USD. 2018 is also the year Sri Lanka pepper has Average export price the lowest level in the last 5 years, down to 5,633 USD / ton. India remained the top importer with a total volume of 10,473 tons, while Germany imported 714 tons of Sri Lanka pepper.
Harvesting new crops in Sri Lanka usually starts in November and ends in February next year. Sri Lanka produces mainly black pepper.
Source link