Price for Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in Sri Lanka - 2022
Contents:
- Price for Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in Sri Lanka (FOB) - 2022
- Price for Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in Sri Lanka (CIF) - 2022
- Exports of Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in Sri Lanka
- Imports of Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in Sri Lanka
Price for Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in Sri Lanka (FOB) - 2022
In 2022, the average export price for flour and meal; of sago, roots or tubers of heading no. 0714 amounted to $2,740 per ton, reducing by -1.7% against the previous year. Overall, export price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for flour and meal; of sago, roots or tubers of heading no. 0714 increased by +56.5% against 2018 indices. The growth pace was the most rapid in 2014 when the average export price increased by 41%. Over the period under review, the average export prices reached the peak figure at $2,788 per ton in 2021, and then declined modestly in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($4,530 per ton), while the average price for exports to Australia ($2,135 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 (+8.7%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in Sri Lanka (CIF) - 2022
In 2022, the average import price for flour and meal; of sago, roots or tubers of heading no. 0714 amounted to $826 per ton, growing by 20% against the previous year. In general, the import price continues to indicate a perceptible expansion. The most prominent rate of growth was recorded in 2018 when the average import price increased by 31%. The import price peaked in 2022 and is expected to retain growth in years to come.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($880 per ton), while the price for India totaled $625 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+1.1%), while the prices for the other major suppliers experienced a decline.
Exports of Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in Sri Lanka
In 2022, overseas shipments of flour and meal; of sago, roots or tubers of heading no. 0714 decreased by -60.1% to 24 tons for the first time since 2018, thus ending a three-year rising trend. In general, exports continue to indicate a abrupt slump. The growth pace was the most rapid in 2020 when exports increased by 71% against the previous year.
In value terms, exports of flour and meal; of sago, roots or tubers of heading no. 0714 declined sharply to $66K in 2022. Overall, exports saw a noticeable decrease. The growth pace was the most rapid in 2020 with an increase of 101%.
| Export of Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 20.8 | 21.9 | 38.4 | 24.1 | 5.0% |
| United States | 3.7 | 70.9 | 25.2 | 22.5 | 82.5% |
| United Arab Emirates | 5.1 | 2.2 | 1.7 | 5.2 | 0.6% |
| France | 15.4 | 7.5 | 8.9 | 4.3 | -34.6% |
| Canada | 6.4 | 6.7 | 5.8 | 3.3 | -19.8% |
| Germany | 3.2 | 8.5 | 28.4 | 2.8 | -4.4% |
| Australia | 3.0 | 8.9 | 30.5 | 2.5 | -5.9% |
| Norway | 2.1 | 1.0 | 1.6 | 0.3 | -47.7% |
| Switzerland | 3.7 | 5.1 | 13.6 | N/A | 91.7% |
| Others | 7.3 | 9.7 | 15.0 | 1.4 | -42.3% |
| Total | 70.7 | 142 | 169 | 66.3 | -2.1% |
Top Export Markets for Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 from Sri Lanka in 2022:
- United States (10.4 tons)
- United Kingdom (5.3 tons)
- United Arab Emirates (2.4 tons)
- France (1.8 tons)
- Canada (1.3 tons)
- Australia (1.2 tons)
- Germany (1.2 tons)
- Norway (0.1 tons)
Imports of Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in Sri Lanka
In 2022, overseas purchases of flour and meal; of sago, roots or tubers of heading no. 0714 decreased by -99.7% to 298 kg, falling for the second year in a row after two years of growth. Overall, imports continue to indicate a sharp shrinkage. The pace of growth appeared the most rapid in 2020 with an increase of 11,357% against the previous year. As a result, imports attained the peak of 699 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of flour and meal; of sago, roots or tubers of heading no. 0714 fell rapidly to $246 in 2022. Over the period under review, imports recorded a dramatic contraction. The most prominent rate of growth was recorded in 2020 with an increase of 14,579% against the previous year. As a result, imports attained the peak of $401K. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | N/A | N/A | N/A | 0.2 | 0% |
| Thailand | 1.8 | 301 | 33.2 | N/A | 329.5% |
| India | N/A | 65.4 | 38.8 | N/A | -40.7% |
| Indonesia | 1.0 | 34.8 | N/A | N/A | 3380.0% |
| Others | N/A | 0.3 | N/A | N/A | 0% |
| Total | 2.7 | 401 | 72.0 | 0.2 | -58.0% |
Top Suppliers of Flour and Meal; of Sago, Roots or Tubers of Heading No. 0714 to Sri Lanka in 2022:
- China (234.0 kg)
- India (64.0 kg)
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