Price for Cereals; Maize (Corn), Seed in Sri Lanka - 2021
Contents:
- Price for Cereals; Maize (Corn), Seed in Sri Lanka (CIF) - 2022
- Price for Cereals; Maize (Corn), Seed in Sri Lanka (FOB) - 2022
- Imports of Cereals; Maize (Corn), Seed in Sri Lanka
- Exports of Cereals; Maize (Corn), Seed in Sri Lanka
Price for Cereals; Maize (Corn), Seed in Sri Lanka (CIF) - 2022
The average cereals; maize (corn), seed import price stood at $3,338 per ton in 2022, falling by -17.6% against the previous year. Overall, the import price, however, posted a noticeable increase. The most prominent rate of growth was recorded in 2020 when the average import price increased by 170%. As a result, import price reached the peak level of $4,144 per ton. From 2021 to 2022, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Thailand ($10,448 per ton), while the price for Pakistan ($206 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+13.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Cereals; Maize (Corn), Seed in Sri Lanka (FOB) - 2022
In 2022, the average cereals; maize (corn), seed export price amounted to $4,752 per ton, rising by 5.6% against the previous year. In general, the export price saw a buoyant increase. The growth pace was the most rapid in 2014 when the average export price increased by 240%. As a result, the export price reached the peak level of $12,094 per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Maldives ($17,309 per ton), while the average price for exports to Japan amounted to $4,544 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Brunei Darussalam (+109.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Cereals; Maize (Corn), Seed in Sri Lanka
In 2022, purchases abroad of cereals; maize (corn), seeds was finally on the rise to reach 2.1K tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, recorded a deep slump.
In value terms, cereals; maize (corn), seed imports expanded slightly to $7M in 2022. In general, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +14.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -4.5% against 2020 indices. The growth pace was the most rapid in 2020 when imports increased by 56%. As a result, imports attained the peak of $7.3M. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Cereals; Maize (Corn), Seed in Sri Lanka (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 3.1 | 6.9 | 3.9 | 6.3 | 26.7% |
| Pakistan | 0.3 | 0.1 | 0.2 | 0.3 | 0.0% |
| Indonesia | 0.1 | 0.2 | 0.2 | 0.3 | 44.2% |
| Myanmar | 1.1 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | 2.4 | 0.1 | -95.8% |
| Total | 4.7 | 7.3 | 6.7 | 7.0 | 14.2% |
Top Suppliers of Cereals; Maize (Corn), Seed to Sri Lanka in 2022:
- Pakistan (1437.1 tons)
- Thailand (602.4 tons)
- Indonesia (45.2 tons)
Exports of Cereals; Maize (Corn), Seed in Sri Lanka
In 2022, after three years of growth, there was significant decline in overseas shipments of cereals; maize (corn), seeds, when their volume decreased by -6.9% to 9.7 tons. Overall, total exports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +16.6% 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 increased by +58.6% against 2019 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 44%.
In value terms, cereals; maize (corn), seed exports reduced modestly to $46K in 2022. In general, total exports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +18.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +65.8% against 2019 indices. The growth pace was the most rapid in 2020 when exports increased by 63% against the previous year.
| Export of Cereals; Maize (Corn), Seed in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 24.3 | 42.4 | 46.7 | 43.2 | 21.1% |
| Maldives | 0.9 | 2.8 | N/A | 2.7 | 44.2% |
| Others | 2.5 | N/A | N/A | N/A | 0% |
| Total | 27.7 | 45.2 | 46.7 | 45.9 | 18.3% |
Top Export Markets for Cereals; Maize (Corn), Seed from Sri Lanka in 2022:
- Japan (9.5 tons)
- Maldives (0.2 tons)
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