Price for Cereal Flour; of Maize (Corn) in Sri Lanka - 2021
Contents:
- Price for Cereal Flour; of Maize (Corn) in Sri Lanka (FOB) - 2022
- Price for Cereal Flour; of Maize (Corn) in Sri Lanka (CIF) - 2022
- Exports of Cereal Flour; of Maize (Corn) in Sri Lanka
- Imports of Cereal Flour; of Maize (Corn) in Sri Lanka
Price for Cereal Flour; of Maize (Corn) in Sri Lanka (FOB) - 2022
The average export price for cereal flour; of maize (corn) stood at $1,149 per ton in 2022, waning by -19.3% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 47%. The export price peaked at $1,689 per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was American Samoa ($3,361 per ton), while the average price for exports to the United Arab Emirates ($889 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 Lebanon (+40.2%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Cereal Flour; of Maize (Corn) in Sri Lanka (CIF) - 2022
The average import price for cereal flour; of maize (corn) stood at $689 per ton in 2022, remaining constant against the previous year. Over the period under review, import price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cereal flour; of maize (corn) import price decreased by -37.0% against 2019 indices. The most prominent rate of growth was recorded in 2018 an increase of 48% against the previous year. The import price peaked at $1,092 per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($750 per ton), while the price for Italy ($532 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Israel (+9.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Cereal Flour; of Maize (Corn) in Sri Lanka
In 2022, the amount of cereal flour; of maize (corn) exported from Sri Lanka soared to 12 tons, picking up by 38% compared with the previous year. Over the period under review, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 243% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the near future.
In value terms, cereal flour; of maize (corn) exports rose notably to $14K in 2022. In general, exports showed a resilient expansion. The pace of growth was the most pronounced in 2021 when exports increased by 189% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to see steady growth in years to come.
| Export of Cereal Flour; of Maize (Corn) in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Maldives | 1.8 | 1.2 | 5.1 | 10.1 | 77.7% |
| Solomon Islands | N/A | N/A | 1.3 | 2.7 | 107.7% |
| American Samoa | N/A | N/A | N/A | 0.8 | 0% |
| Lebanon | 1.4 | 0.1 | 0.8 | N/A | -24.4% |
| Italy | 1.7 | 1.0 | 2.0 | N/A | 8.5% |
| Australia | 2.6 | 1.0 | 1.0 | N/A | -38.0% |
| Others | 2.1 | 1.0 | 2.2 | 0.1 | -63.8% |
| Total | 9.7 | 4.3 | 12.4 | 13.8 | 12.5% |
Top Export Markets for Cereal Flour; of Maize (Corn) from Sri Lanka in 2022:
- Maldives (9.5 tons)
- Solomon Islands (2.0 tons)
- American Samoa (0.3 tons)
Imports of Cereal Flour; of Maize (Corn) in Sri Lanka
In 2022, cereal flour; of maize (corn) imports into Sri Lanka soared to 9.9 tons, with an increase of 635% against the year before. In general, imports saw buoyant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, cereal flour; of maize (corn) imports skyrocketed to $6.8K in 2022. Over the period under review, imports, however, recorded a relatively flat trend pattern.
| Import of Cereal Flour; of Maize (Corn) in Sri Lanka (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 29.0 | 1,624 | 53.0 | 6,719 | 514.2% |
| Italy | 37.0 | 1,000 | 107 | 67.0 | 21.9% |
| China | 40.0 | 154 | 57.0 | 16.0 | -26.3% |
| Thailand | 30.0 | 667 | 137 | N/A | 113.7% |
| Jordan | 6,607 | N/A | N/A | N/A | 0% |
| Australia | 69.0 | 1,441 | 315 | N/A | 113.7% |
| Israel | 72.0 | 823 | 216 | N/A | 73.2% |
| Others | 63.0 | 1,005 | 52.0 | 6.0 | -54.3% |
| Total | 6,947 | 6,714 | 937 | 6,808 | -0.7% |
Top Suppliers of Cereal Flour; of Maize (Corn) to Sri Lanka in 2022:
- China (undefined tons)
- United Arab Emirates (9.7 tons)
- Italy (0.1 tons)
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