Price for Cereal Flours; Other than of Wheat or Meslin in Sri Lanka - 2022
Contents:
- Price for Cereal Flours; Other than of Wheat or Meslin in Sri Lanka (FOB) - 2022
- Price for Cereal Flours; Other than of Wheat or Meslin in Sri Lanka (CIF) - 2022
- Exports of Cereal Flours; Other than of Wheat or Meslin in Sri Lanka
- Imports of Cereal Flours; Other than of Wheat or Meslin in Sri Lanka
Price for Cereal Flours; Other than of Wheat or Meslin in Sri Lanka (FOB) - 2022
In 2022, the average export price for cereal flours; other than of wheat or meslin amounted to $1,551 per ton, increasing by 29% against the previous year. In general, export price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Kuwait ($2,490 per ton), while the average price for exports to Switzerland ($1,092 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 the United Arab Emirates (+9.6%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Cereal Flours; Other than of Wheat or Meslin in Sri Lanka (CIF) - 2022
The average import price for cereal flours; other than of wheat or meslin stood at $1,542 per ton in 2022, picking up by 143% against the previous year. Over the period under review, the import price showed resilient growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Singapore ($6,500 per ton), while the price for India ($181 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+30.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Cereal Flours; Other than of Wheat or Meslin in Sri Lanka
In 2022, shipments abroad of cereal flours; other than of wheat or meslin decreased by -38.3% to 982 tons, falling for the second consecutive year after two years of growth. Over the period under review, exports saw a abrupt descent. The growth pace was the most rapid in 2020 when exports increased by 33%. As a result, the exports attained the peak of 1.6K tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of cereal flours; other than of wheat or meslin shrank significantly to $1.5M in 2022. In general, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 37%. As a result, the exports attained the peak of $2.1M. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Cereal Flours; Other than of Wheat or Meslin in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 327 | 508 | 430 | 306 | -2.2% |
| United Kingdom | 157 | 198 | 241 | 169 | 2.5% |
| Canada | 207 | 156 | 83.1 | 131 | -14.1% |
| Kuwait | 53.0 | 109 | 142 | 123 | 32.4% |
| Maldives | 245 | 74.7 | 173 | 99.1 | -26.0% |
| France | 59.5 | 60.7 | 78.8 | 97.0 | 17.7% |
| United Arab Emirates | 35.7 | 50.0 | 38.9 | 94.6 | 38.4% |
| Italy | 45.8 | 211 | 88.6 | 83.1 | 22.0% |
| Japan | 34.9 | 113 | 92.9 | 69.8 | 26.0% |
| New Zealand | 56.0 | 133 | 104 | 68.8 | 7.1% |
| United States | 49.6 | 64.1 | 88.2 | 61.8 | 7.6% |
| Germany | 26.4 | 86.9 | 73.2 | 51.8 | 25.2% |
| Switzerland | 33.6 | 49.2 | 33.4 | 20.2 | -15.6% |
| Others | 203 | 278 | 252 | 148 | -10.0% |
| Total | 1,533 | 2,093 | 1,919 | 1,523 | -0.2% |
Top Export Markets for Cereal Flours; Other than of Wheat or Meslin from Sri Lanka in 2022:
- Australia (210.7 tons)
- United Kingdom (127.1 tons)
- United Arab Emirates (86.0 tons)
- France (73.1 tons)
- Maldives (73.1 tons)
- Canada (72.6 tons)
- United States (54.3 tons)
- Kuwait (49.5 tons)
- New Zealand (36.1 tons)
- Italy (36.0 tons)
- Germany (33.6 tons)
- Japan (28.3 tons)
- Switzerland (18.5 tons)
Imports of Cereal Flours; Other than of Wheat or Meslin in Sri Lanka
In 2022, imports of cereal flours; other than of wheat or meslin into Sri Lanka contracted dramatically to 20 tons, with a decrease of -53.4% compared with 2021. In general, imports continue to indicate a sharp setback. The pace of growth was the most pronounced in 2021 with an increase of 22%.
In value terms, imports of cereal flours; other than of wheat or meslin rose rapidly to $31K in 2022. Overall, imports saw a deep slump.
| Import of Cereal Flours; Other than of Wheat or Meslin in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 0.1 | N/A | 0.1 | 18.0 | 464.6% |
| United Arab Emirates | 9.2 | 1.9 | 7.2 | 8.5 | -2.6% |
| United Kingdom | N/A | N/A | N/A | 2.1 | 0% |
| China | 5.1 | 7.3 | 4.9 | 1.1 | -40.0% |
| Thailand | 1.4 | N/A | N/A | 0.8 | -17.0% |
| India | 16.0 | 4.0 | 0.1 | 0.3 | -73.4% |
| Italy | 1.4 | 1.7 | 1.4 | 0.1 | -58.5% |
| Germany | 0.4 | 3.6 | 9.4 | N/A | 384.8% |
| Others | 6.7 | 8.4 | 4.3 | 0.2 | -69.0% |
| Total | 40.3 | 27.0 | 27.4 | 31.1 | -8.3% |
Top Suppliers of Cereal Flours; Other than of Wheat or Meslin to Sri Lanka in 2022:
- United States (8.8 tons)
- United Arab Emirates (6.5 tons)
- China (1.8 tons)
- India (1.4 tons)
- United Kingdom (0.8 tons)
- Thailand (0.7 tons)
- Italy (0.1 tons)
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This report provides an in-depth analysis of the cereal flour market in Sri Lanka.
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