Cereals; Millet, Seed Price in Sri Lanka - 2021
Contents:
- Cereals; Millet, Seed Price in Sri Lanka (CIF) - 2022
- Cereals; Millet, Seed Price in Sri Lanka (FOB) - 2022
- Cereals; Millet, Seed Imports in Sri Lanka
- Cereals; Millet, Seed Exports in Sri Lanka
Cereals; Millet, Seed Price in Sri Lanka (CIF) - 2022
The average cereals; millet, seed import price stood at $617 per ton in 2022, increasing by 55% against the previous year. Over the period under review, import price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2016 an increase of 78%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($1,153 per ton), while the price for China stood at $607 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+8.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Cereals; Millet, Seed Price in Sri Lanka (FOB) - 2022
In 2022, the average cereals; millet, seed export price amounted to $779 per ton, shrinking by -40.4% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 199% against the previous year. The export price peaked at $3,804 per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($3,026 per ton), while the average price for exports to India ($428 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+68.6%), while the prices for the other major destinations experienced more modest paces of growth.
Cereals; Millet, Seed Imports in Sri Lanka
In 2022, the amount of cereals; millet, seeds imported into Sri Lanka fell sharply to 673 kg, waning by -99.6% on the previous year. Over the period under review, imports showed a precipitous decline. The growth pace was the most rapid in 2021 when imports increased by 15% against the previous year.
In value terms, cereals; millet, seed imports fell rapidly to $415 in 2022. In general, imports faced a precipitous contraction. The smallest decline of -1.1% was in 2021.
| Import of Cereals; Millet, Seed in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 0.4 | 0.5 | 0.7 | 0.4 | 0.0% |
| United States | 44.6 | 17.9 | 46.7 | N/A | 2.3% |
| India | 296 | 52.6 | 2.0 | N/A | -91.8% |
| Ukraine | 11.4 | 3.9 | 11.1 | N/A | -1.3% |
| Others | N/A | 0.3 | 13.8 | N/A | 4500.0% |
| Total | 352 | 75.2 | 74.3 | 0.4 | -89.6% |
Top Suppliers of Cereals; Millet, Seed to Sri Lanka in 2022:
- China (661.0 kg)
- India (12.0 kg)
Cereals; Millet, Seed Exports in Sri Lanka
In 2022, overseas shipments of cereals; millet, seeds decreased by -14.6% to 6.5 tons for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, posted a significant increase. The growth pace was the most rapid in 2021 with an increase of 123%. As a result, the exports reached the peak of 7.6 tons, and then fell in the following year.
In value terms, cereals; millet, seed exports fell markedly to $5K in 2022. Overall, exports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 105%.
| Export of Cereals; Millet, Seed in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | N/A | N/A | N/A | 2.1 | 0% |
| Australia | 0.5 | 2.4 | 4.1 | 1.8 | 53.3% |
| Japan | 0.1 | 0.1 | 0.3 | 0.4 | 58.7% |
| Germany | 0.1 | N/A | N/A | 0.3 | 44.2% |
| Cyprus | N/A | N/A | 1.6 | N/A | 0% |
| France | 1.4 | 2.2 | 3.3 | N/A | 53.5% |
| Others | 0.5 | 0.4 | 0.6 | 0.4 | -7.2% |
| Total | 2.5 | 5.2 | 9.9 | 5.0 | 26.0% |
Top Export Markets for Cereals; Millet, Seed from Sri Lanka in 2022:
- India (5.0 tons)
- Australia (1.0 tons)
- Japan (0.1 tons)
- Germany (0.1 tons)
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