Price for Cereals; Oats, Other than Seed in Sri Lanka - 2022

Contents:

  1. Price for Cereals; Oats, Other than Seed in Sri Lanka (CIF) - 2022
  2. Imports of Cereals; Oats, Other than Seed in Sri Lanka

Price for Cereals; Oats, Other than Seed in Sri Lanka (CIF) - 2022

The average import price for cereals; oats, other than seeds stood at $275 per ton in 2022, reducing by -2.2% against the previous year. Overall, the import price continues to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2019 an increase of 58% against the previous year. Over the period under review, average import prices attained the peak figure at $674 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 Finland ($377 per ton), while the price for Canada ($248 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+2.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Imports of Cereals; Oats, Other than Seed in Sri Lanka

In 2022, the amount of cereals; oats, other than seeds imported into Sri Lanka contracted to 14K tons, dropping by -8.4% on 2021 figures. Over the period under review, total imports indicated mild growth from 2019 to 2022: its volume increased at an average annual rate of +1.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +45.6% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 59% against the previous year. As a result, imports reached the peak of 16K tons, and then reduced in the following year.

In value terms, cereals; oats, other than seed imports contracted to $3.9M in 2022. Overall, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +5.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +61.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 81%. As a result, imports reached the peak of $4.4M, and then contracted in the following year.

Import of Cereals; Oats, Other than Seed in Sri Lanka (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Australia1.00.21.73.044.2%
Canada2.22.12.70.8-28.6%
Others0.1N/AN/AN/A0%
Total3.32.44.43.95.7%

Top Suppliers of Cereals; Oats, Other than Seed to Sri Lanka in 2022:

  1. Australia (10.8K tons)
  2. Canada (3.4K tons)

Source: IndexBox Market Intelligence Platform

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Free Data: Cereals; oats, other than seed - Sri Lanka