What is the price of bananas per kilogram/pound in Sri Lanka today?
The retail price range for Sri Lanka bananas is between US$ 0.67 and US$ 1.44 per kilogram or between US$ 0.31 and US$ 0.66 per pound(lb). Click here to see today's exact prices of bananas in Sri Lanka
The retail price range in Sri Lanka Rupee for bananas is between LKR 207.46 and LKR 444.55 per kilogram or between LKR 94.09 and LKR 201.61 per pound(lb) in Colombo and Jaffna.
Wholesale prices
In 2024, the approximate wholesale price range for Sri Lanka bananas is between US$ 0.47 and US$ 1.01 per kilogram or between US$ 0.21 and US$ 0.46 per pound(lb).
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Sri Lanka Bananas Export Prices - Historical, Trends and Prediction
The export price per kilogram of Bananas from Sri Lanka over the last five years has seen a steady decline. In 2012, the price was 0.39 US $ per kg, and in 2013 it increased to 0.59 US $ per kg. However, in 2014, the price skyrocketed to 4.85 US $ per kg, before dropping to 4.44 US $ per kg in 2015. In 2016, the price decreased further to 3.79 US $ per kg, and in 2017 it dropped to 3.73 US $ per kg. The price has continued to decline since then, with 2019 seeing a price of 2.65 US $ per kg and 2020 seeing a price of 3.08 US $ per kg. The most recent year, 2021, saw a price of 3.03 US $ per kg. Based on this trend, it is predicted that the export price per kilogram of Bananas from Sri Lanka in 2023 will be 2.58 US $ per kg, and in 2024 it will be 2.53 US $ per kg.The Sri Lanka bananas exports are categorised as:
- Bananas, incl. plantains, fresh or dried (HS code 080300)
- Fresh or dried bananas (excluding plantains) (HS code 080390)
Sri Lanka Bananas Import Prices - Historical, Trends and Prediction
The import price per kilogram of Bananas into Sri Lanka over the last five years has been quite volatile. In 2017, the price was 3.73 US $ per kg, which was slightly lower than the price in 2016, which was 3.79 US $ per kg. In 2018, the price dropped significantly to 2.65 US $ per kg. However, in 2020, the price increased to 3.08 US $ per kg and in 2021, the price was 3.03 US $ per kg. Based on the data, it is likely that the import price per kilogram of Bananas into Sri Lanka will remain relatively stable in the next two years. We can predict that the price in 2023 will be around 3.03 US $ per kg and the price in 2024 will be around 3.08 US $ per kg.Export values for Sri Lanka bananas
The total values in export for bananas in Sri Lanka were US$ 1,251, US$ 7,874 and US$ 7,116 in US dollar thousand for the years 2017, 2018 and 2019 in that order.
Prices of other produce in the Fruits category in Sri Lanka: Olives, Pumpkins, squash and gourds, Sweetcorn, Dates, Figs, Pineapples, Avocados, Mangoes, Oranges & Mandarin Oranges (tangerines and clementines.
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Sri Lanka bananas - Production, Exports, Imports, Seasons and HS Codes
In 2019 Sri Lanka shipped 6,739 tonnes of bananas. For the year 2019 alone, the demand for Sri Lanka bananas (fruits category) has decreased, flactuating by -14.512 pc compared to the year 2018. Between 2017 and 2019, bananas' exports increased by 1911.64 pc bringing the country US$7.12m for the year 2019. Sri Lanka's bananas exports are classified as:
- Bananas, incl. plantains, fresh or dried (HS code 080300)
- Fresh or dried bananas (excluding plantains) (HS code 080390)
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Sri Lanka bananas export values
In 2019, Sri Lanka supplied bananas costing 7.12m USD, a decrease of -9.58% from 2018's total bananas export of 7.874m USD. The annual change in value of Sri Lanka bananas between 2017 to 2018 was 529.416 pc.
The per year variation in the quantity of Sri Lanka's bananas exports between 2017 and 2019 was 1911.64% when compared to a variation of -14.512% in the growth rate between 2018 and 2019.
Sri Lanka's share of the world's total bananas' exports in 2019 was less than 1%. The country is ranked position 39 in world exports of bananas.
Export markets for Sri Lanka bananas ( in '000$ )
Sri Lanka's best performing destinations for bananas are Saudi Arabia, United Arab Emirates (UAE), Switzerland, US and Canada.
Import/Export Trends
Sri Lanka is a net exporter of bananas. The annual growth of Sri Lanka bananas in value between 2015 to 2019 was 130%, per annum, while annual growth in quantity was %, per annum.
Sri Lanka brought in 0 tonnes of bananas in 2019.