Cereals; Oats, Seeds Price in Sri Lanka - 2021
Contents:
- Cereals; Oats, Seeds Price in Sri Lanka (FOB) - 2022
- Cereals; Oats, Seeds Price in Sri Lanka (CIF) - 2022
- Cereals; Oats, Seeds Exports in Sri Lanka
- Cereals; Oats, Seeds Imports in Sri Lanka
Cereals; Oats, Seeds Price in Sri Lanka (FOB) - 2022
The average cereals; oats, seeds export price stood at $714 per ton in 2022, dropping by -5.6% against the previous year. In general, the export price, however, posted strong growth. The pace of growth was the most pronounced in 2016 when the average export price increased by 324% against the previous year. As a result, the export price reached the peak level of $1,473 per ton. From 2017 to 2022, the average export prices remained at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Maldives.
From 2012 to 2022, the rate of growth in terms of prices for Maldives amounted to +12.1% per year.
Cereals; Oats, Seeds Price in Sri Lanka (CIF) - 2022
In 2022, the average cereals; oats, seeds import price amounted to $351 per ton, approximately equating the previous year. In general, import price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cereals; oats, seeds import price decreased by -34.4% against 2016 indices. The pace of growth appeared the most rapid in 2016 when the average import price increased by 59% against the previous year. As a result, import price reached the peak level of $534 per ton. From 2017 to 2022, the average import prices remained at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for Australia.
From 2012 to 2022, the rate of growth in terms of prices for Finland amounted to +29.4% per year.
Cereals; Oats, Seeds Exports in Sri Lanka
In 2022, the amount of cereals; oats, seedses exported from Sri Lanka skyrocketed to 20 tons, growing by 22% compared with 2021. Overall, exports showed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 195% against the previous year. As a result, the exports attained the peak of 24 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, cereals; oats, seeds exports soared to $15K in 2022. Over the period under review, total exports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +13.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -11.6% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 65%. As a result, the exports attained the peak of $16K. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Cereals; Oats, Seeds in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Maldives | 0.3 | 0.3 | 0.1 | 14.5 | 264.3% |
| Nigeria | N/A | N/A | 12.5 | N/A | 0% |
| India | 1.6 | N/A | N/A | N/A | 0% |
| Oman | N/A | 16.1 | N/A | N/A | 0% |
| Qatar | 6.0 | N/A | N/A | N/A | 0% |
| Bahrain | 2.0 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 9.9 | 16.4 | 12.6 | 14.5 | 13.6% |
Top Export Markets for Cereals; Oats, Seeds from Sri Lanka in 2022:
- Maldives (20.3 tons)
Cereals; Oats, Seeds Imports in Sri Lanka
In 2022, overseas purchases of cereals; oats, seedses increased by 37% to 71 tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, recorded a deep contraction.
In value terms, cereals; oats, seeds imports surged to $25K in 2022. Over the period under review, imports, however, faced a deep reduction.
| Import of Cereals; Oats, Seeds in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 16.9 | 32.0 | 17.6 | 25.0 | 13.9% |
| Canada | 25.6 | N/A | N/A | N/A | 0% |
| Others | 0.2 | N/A | 0.4 | N/A | 41.4% |
| Total | 42.7 | 32.0 | 18.0 | 25.0 | -16.3% |
Top Suppliers of Cereals; Oats, Seeds to Sri Lanka in 2022:
- Australia (71.3 tons)
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