Sri Lanka, also known as Ceylon, one of the pepper producing countries South Asia region, member of the International Pepper Community (IPC) since 2002, with pepper production in 2018 is estimated at 18,600 ton.
Sri Lankan farmers drying new crop of pepper.
Although limited, Sri Lanka has contributed a small portion of global exports with its specialty black pepper. Over the past 5 years, Sri Lanka’s pepper exports have tended to increase in both quantity and value. India has been the top importer of Sri Lankan pepper for the past 5 years possibly due to the Free Trade Agreement (FTA) between the two countries.
According to IPC’s report, in 2014, Sri Lanka reported exporting a total of 7,925 tons of pepper of all kinds, with total export revenue of 69.1 million USD. The average export price was 8,724 USD/ton. Sri Lanka also reported that this year it exported a total of 5,236 tonnes of pepper to India, making the IPC’s oldest member country the top destination for pepper exports from Sri Lanka, followed by Germany. with 595 tons.
The chart of the export volume of pepper of Sri Lanka in the past years – Source: IPC
In 2015, Sri Lanka’s pepper exports increased significantly to 16,658 tons, up 110% year-on-year. This is also the year when Sri Lanka recorded the highest total pepper export revenue in the past 5 years with a total of 143.6 million USD, up 108% compared to the total pepper export revenue of the previous year. . The average export price of Sri Lanka’s pepper this year reached $8,621 per ton. India remains the top destination for Sri Lankan pepper exports with a total of 9,069 tonnes, followed by neighboring Pakistan with 1,503 tonnes.
In 2016, Sri Lanka’s pepper exports decreased by 53% compared to the previous year, down to 7,874 tons. Sri Lanka also lost 50% more income from pepper exports this year, with total export revenue of only 72.2 million USD. Recorded average export price of pepper from Sri Lanka reached 9,181 USD/ton. Despite the significant decline, India is still the top destination for Sri Lankan pepper with 4,801 tonnes, followed by the Russian Federation.
In 2017, Sri Lanka’s pepper exports increased by 69% year-on-year, to 13,313 tons. Total pepper export revenue also increased by 16%, with a value of 83.7 million USD. Therefore, Sri Lanka pepper has an average export price of 6,292 USD/ton. The volume of Indian pepper imported from Sri Lanka spiked to 11,041 tonnes, 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, leading to a decrease in total pepper export revenue by 12%, to only 73.8 million USD. 2018 is also the year that Sri Lankan pepper has the lowest average export price in the past 5 years, down at $5,633/ton. India remained the top importer with a total volume of 10,473 tonnes, while Germany imported 714 tonnes of Sri Lankan pepper.
Harvesting a new crop in Sri Lanka usually begins in November and ends in February of the following year. Sri Lanka produces mainly black pepper.
Giatieu.com
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