Sri Lanka: Breakfast Cereal Market 2024

Breakfast Cereal Market Size in Sri Lanka

The Sri Lankan breakfast cereal market reduced to $X in 2022, falling by X% against the previous year. In general, the total consumption indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2019 indices. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Breakfast Cereal Production in Sri Lanka

In value terms, breakfast cereal production fell modestly to $X in 2022 estimated in export price. In general, the total production indicated strong growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2019 with an increase of X%. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

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Breakfast Cereal Exports

Exports from Sri Lanka

In 2022, the amount of breakfast cereals exported from Sri Lanka skyrocketed to X tons, increasing by X% on 2021. Over the period under review, exports recorded buoyant growth. The most prominent rate of growth was recorded in 2017 with an increase of X%. The exports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, breakfast cereal exports soared to $X in 2022. Overall, exports posted strong growth. The pace of growth was the most pronounced in 2020 with an increase of X%. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

Maldives (X tons) was the main destination for breakfast cereal exports from Sri Lanka, accounting for a X% share of total exports. Moreover, breakfast cereal exports to Maldives exceeded the volume sent to the second major destination, the UK (X tons), sevenfold. The third position in this ranking was taken by Canada (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Maldives amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (X% per year) and Canada (X% per year).

In value terms, Maldives ($X) emerged as the key foreign market for breakfast cereals exports from Sri Lanka, comprising X% of total exports. The second position in the ranking was taken by South Korea ($X), with a X% share of total exports. It was followed by the UK, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Maldives amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (X% per year) and the UK (X% per year).

Export Prices by Country

In 2022, the average breakfast cereal export price amounted to $X per ton, increasing by X% against the previous year. In general, the export price, however, recorded a slight curtailment. The growth pace was the most rapid in 2020 when the average export price increased by X% against the previous year. The export price peaked at $X 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 external markets. In 2022, amid the top suppliers, the country with the highest price was Australia ($X per ton), while the average price for exports to Jordan ($X 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 Nepal (X%), while the prices for the other major destinations experienced more modest paces of growth.

Breakfast Cereal Imports

Imports into Sri Lanka

In 2022, approx. X tons of breakfast cereals were imported into Sri Lanka; shrinking by X% compared with 2021. In general, imports saw a abrupt shrinkage. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, imports attained the peak figure at X tons in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, breakfast cereal imports contracted sharply to $X in 2022. Over the period under review, imports showed a noticeable downturn. The pace of growth was the most pronounced in 2021 when imports increased by X%. Imports peaked at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, India (X tons) constituted the largest supplier of breakfast cereal to Sri Lanka, accounting for a X% share of total imports. Moreover, breakfast cereal imports from India exceeded the figures recorded by the second-largest supplier, the Philippines (X tons), eightfold. Poland (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from India totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Philippines (X% per year) and Poland (X% per year).

In value terms, India ($X) constituted the largest supplier of breakfast cereals to Sri Lanka, comprising X% of total imports. The second position in the ranking was held by the Philippines ($X), with an X% share of total imports. It was followed by Poland, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from India amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Philippines (X% per year) and Poland (X% per year).

Import Prices by Country

The average breakfast cereal import price stood at $X per ton in 2022, picking up by X% against the previous year. Over the period under review, import price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, breakfast cereal import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2018 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton; afterwards, it flattened through to 2022.

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 Indonesia ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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