Price for Cereal Grains; Rolled or Flaked, of Cereals Excluding Barley and Oats in Sri Lanka - 2022

Contents:

1. Price for Cereal Grains; Rolled or Flaked, of Cereals Excluding Barley and Oats in Sri Lanka (CIF) - 2022
2. Price for Cereal Grains; Rolled or Flaked, of Cereals Excluding Barley and Oats in Sri Lanka (FOB) - 2022
3. Imports of Cereal Grains; Rolled or Flaked, of Cereals Excluding Barley and Oats in Sri Lanka
4. Exports of Cereal Grains; Rolled or Flaked, of Cereals Excluding Barley and Oats in Sri Lanka

Price for Cereal Grains; Rolled or Flaked, of Cereals Excluding Barley and Oats in Sri Lanka (CIF) - 2022

The average import price for cereal grains; rolled or flaked, of cereals excluding barley and oatses stood at $350 per ton in 2022, dropping by -19.9% against the previous year. Overall, the import price recorded a noticeable slump. The growth pace was the most rapid in 2017 an increase of 56% against the previous year. The import price peaked at $864 per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($521 per ton), while the price for India ($242 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 (+28.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Cereal Grains; Rolled or Flaked, of Cereals Excluding Barley and Oats in Sri Lanka (FOB) - 2022

The average export price for cereal grains; rolled or flaked, of cereals excluding barley and oatses stood at $1,500 per ton in 2022, growing by 36% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The export price peaked at $1,942 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($2,987 per ton), while the average price for exports to Kuwait ($628 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 UK (+5.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cereal Grains; Rolled or Flaked, of Cereals Excluding Barley and Oats in Sri Lanka

In 2022, imports of cereal grains; rolled or flaked, of cereals excluding barley and oatses into Sri Lanka fell markedly to 48 tons, with a decrease of -32.6% against the year before. Over the period under review, imports, however, recorded a significant increase. The growth pace was the most rapid in 2021 with an increase of 739%. As a result, imports attained the peak of 71 tons, and then reduced markedly in the following year.

In value terms, imports of cereal grains; rolled or flaked, of cereals excluding barley and oatses fell sharply to $17K in 2022. Overall, imports showed a abrupt downturn. The pace of growth was the most pronounced in 2021 when imports increased by 521% against the previous year. As a result, imports attained the peak of $31K, and then dropped notably in the following year.

Top Suppliers of Cereal Grains; Rolled or Flaked, of Cereals Excluding Barley and Oats to Sri Lanka in 2022:

1. India (25.5 tons)
2. Australia (13.5 tons)
3. Netherlands (9.1 tons)

Exports of Cereal Grains; Rolled or Flaked, of Cereals Excluding Barley and Oats in Sri Lanka

In 2022, shipments abroad of cereal grains; rolled or flaked, of cereals excluding barley and oatses increased by 371% to 2.6 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports continue to indicate significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of cereal grains; rolled or flaked, of cereals excluding barley and oatses soared to $3.9K in 2022. In general, exports recorded a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Cereal Grains; Rolled or Flaked, of Cereals Excluding Barley and Oats from Sri Lanka in 2022:

1. Qatar (855.0 kg)
2. United Arab Emirates (601.0 kg)
3. United States (560.0 kg)
4. Kuwait (188.0 kg)
5. France (110.0 kg)
6. Switzerland (84.0 kg)
7. Netherlands (58.0 kg)

Source: IndexBox Market Intelligence Platform