From the lush tea gardens to the aromatic spice plantations, Sri Lanka is home to the world's most renowned beverages. Do you know that Sri Lanka is famous for its exquisite teas? The island nation is one of the largest tea producers & exporters globally, with its Ceylon tea cherished by tea lovers worldwide.
Whereas, Sri Lankan spices offer a colourful array of flavours and aromas. Cinnamon, cloves, cardamom, and pepper are some of the highly demanded spices in the global market. Spices play a significant role in driving Sri Lankan exports.
In this blog, we will uncover the Sri Lankan beverages and spices trade statistics for the fiscal year 2023. From the rich brews of coffee to the aromatic allure of spices, let’s find Sri Lanka’s top spices exports and explore the top players in this dynamic market.
Sri Lanka’s Coffee Exports & Imports 2023
According to Sri Lanka import and export data, Sri Lanka’s coffee market stands tall with exports worth $228 million, yet it also imports coffee worth $433 million in FY 2023. Among its top export destinations were the Maldives, UAE, Australia, Uzbekistan, and Germany. Meanwhile, India, Italy, Brazil, UAE, and Vietnam lead in importing coffee into Sri Lanka. Key companies driving Sri Lankan coffee exports include Akbar Brothers, Stassen Foods, Harischandra Mills, Sunshine Tea, and Wijaya Products.
Sri Lanka’s Tea Exports & Imports 2023
From the brisk and refreshing black teas to the delicate and fragrant green teas, Sri Lankan overall tea exports were valued at $887 million against imports worth $19 million for the fiscal year 2023. Turkey, Russia, Iraq, UAE, and Saudi Arabia were the key importers of Sri Lankan tea, while India, China, Kenya, UAE, and Ira were the top tea suppliers to Sri Lanka. Prominent Sri Lanka tea export companies like Akbar Brothers, Empire Teas, Jafferjee Brothers, Anverally & Sons, and Shan Teas dominate this sector.
Sri Lanka’s Pepper Exports & Imports 2023
Sri Lanka's pepper market exports sum up to $78 million, with imports totaling $72 million as shown by Sri Lanka customs data 2023. Major export markets include India, Germany, UAE, USA, and Australia, while Sri Lanka sources pepper primarily from India, Pakistan, UAE, Namibia, and Egypt. Ceylon Eco Spices, DLK Spice Exports, Expo Commodities, EOAS Organics, and Bio Foods were among the leading players in this sector.
Sri Lanka’s Cinnamon Exports & Imports 2023
Cinnamon, a prized spice, contributes $158 million in exports according to Sri export data 2023. Whereas Sri Lanka’s cinnamon imports were $1.17 million during FY 2023. Key export destinations include Mexico, USA, Peru, Guatemala, and Ecuador, while Colombia, Chile, Mexico, USA, and Poland are prominent sources of imports. Shipment wise, the top Sri Lankan cinnamon export companies were New Lanka Cinnamon, S D S Spices, Ruhunu Spice Exports, Tropical Island Commodities, and Bughary Bio Spices.
Sri Lanka’s Cloves Exports & Imports 2023
With exports worth $39 billion and imports totaling $201 thousand, cloves hold a significant place in Sri Lanka’s spice trade during FY 2023. India, Saudi Arabia, UAE, USA, and Germany are major importers of Sri Lankan cloves, while the country sources most imports from India, UAE, Maldives, and Germany. Leading companies include D L K Spice, Adamjee Lukmanjee & Sons, Ceylon Plant Food, G P D Silva & Sons, and Samagi Organics.
Sri Lanka’s Cardamom Exports & Imports 2023
Sri Lanka's cardamom market sees exports worth $18 million against imports valued at $24003 thousand. Top export destinations include India, China, Bangladesh, Germany, and the UK, while Germany leads in imports. The key Sri Lankan cardamom export companies like Enrich Tea & Food Exports, Mahir Brothers, EOAS Organics, and Adamjee Lukmanjee dominate this sector.
Sri Lanka’s Coriander, Cumin Seeds Exports & Imports 2023
Coriander and cumin seeds contribute $26 million in exports and $138 thousand in imports for Sri Lanka. Mauritius, Maldives, Japan, Australia, and the USA are significant export destinations, while India, Russia, Bulgaria, Argentina, and China are top import sources. Wijaya Products, P V Imports & Exports, Optimum Global Lanka, and Lanka Spice are key players in this segment.
Sri Lanka’s Ginger, Saffron, Turmeric Exports & Imports 2023
According to Sri Lanka import data, Sri Lanka’s ginger, saffron, and turmeric imports were worth $4 million during FY 2023 whereas the exports stood at $2.8 million. Top export markets include the UK, Australia, France, Canada, and Japan, while India, Pakistan, Morocco, Thailand, and Switzerland are leading suppliers. Sri Lanka’s leading companies include H D D E S Extracts, Ceylon Biscuits, Enrich Tea & Food Exports, Peoples Organi, and Ruhunu Foods.
Conclusion: Sri Lanka's Beverages & Spices Market offers a diverse & lucrative landscape
As we explore Sri Lanka's beverages and spices market, it's essential to understand the current trends and dynamics. The demand for high-quality Ceylon tea continues to rise, additionally, there is a growing interest in organic and sustainably sourced spices. With its top companies leading the charge, the future of Sri Lanka’s market is as promising as its flavorful offerings!
While Sri Lanka's beverages and spices market presents exciting opportunities for growth and innovation, it also faces certain challenges. Competition from other tea-producing countries and fluctuations in global commodity prices can impact the market. Through Exim Trade’s market intelligence platform, Sri Lankan companies can boost their sales by finding potential international buyers for their spices and beverages products.
Schedule a free demo of our platform or request a sample at info@eximtradedata.com or call us @+91-9625812393
