Price for Flour and Meal; of Potatoes in Sri Lanka - 2021

Contents:

1. Price for Flour and Meal; of Potatoes in Sri Lanka (FOB) - 2022
2. Price for Flour and Meal; of Potatoes in Sri Lanka (CIF) - 2022
3. Exports of Flour and Meal; of Potatoes in Sri Lanka
4. Imports of Flour and Meal; of Potatoes in Sri Lanka

Price for Flour and Meal; of Potatoes in Sri Lanka (FOB) - 2022

In 2022, the average export price for flour and meal; of potatoeses amounted to $2,648 per ton, growing by 39% against the previous year. Over the period under review, the export price continues to indicate a moderate expansion. The most prominent rate of growth was recorded in 2021 when the average export price increased by 142%. The export price peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Maldives ($3,589 per ton), while the average price for exports to the UK ($583 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 Canada (+9.5%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Flour and Meal; of Potatoes in Sri Lanka (CIF) - 2022

In 2022, the average import price for flour and meal; of potatoeses amounted to $464 per ton, waning by -30.9% against the previous year. Over the period under review, the import price, however, continues to indicate a noticeable increase. The most prominent rate of growth was recorded in 2016 when the average import price increased by 56% against the previous year. Over the period under review, average import prices reached the peak figure at $1,254 per ton in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($2,525 per ton), while the price for China ($418 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 (+11.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Flour and Meal; of Potatoes in Sri Lanka

In 2022, shipments abroad of flour and meal; of potatoeses decreased by -60.7% to 1.4 tons, falling for the second year in a row after two years of growth. Overall, exports faced a precipitous slump. The growth pace was the most rapid in 2020 with an increase of 932%. As a result, the exports reached the peak of 60 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, flour and meal; of potatoes exports contracted sharply to $3.7K in 2022. In general, exports saw a abrupt decline. The most prominent rate of growth was recorded in 2020 when exports increased by 596% against the previous year. As a result, the exports attained the peak of $47K. From 2021 to 2022, the growth of the exports remained at a lower figure.

Top Export Markets for Flour and Meal; of Potatoes from Sri Lanka in 2022:

1. Maldives (727.0 kg)
2. Hong Kong SAR (220.0 kg)
3. Kuwait (140.0 kg)
4. Japan (104.0 kg)
5. Qatar (70.0 kg)
6. Oman (70.0 kg)
7. Bahrain (56.0 kg)
8. France (1.0 kg)

Imports of Flour and Meal; of Potatoes in Sri Lanka

In 2022, overseas purchases of flour and meal; of potatoeses increased by 259% to 15 tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, saw a dramatic slump.

In value terms, flour and meal; of potatoes imports surged to $7.1K in 2022. Over the period under review, imports, however, continue to indicate a precipitous curtailment.

Top Suppliers of Flour and Meal; of Potatoes to Sri Lanka in 2022:

1. China (10.3 tons)
2. India (5.0 tons)

Source: IndexBox Market Intelligence Platform