Sri Lanka: Couscous Market 2022

Couscous Market Size in Sri Lanka

After three years of growth, the Sri Lankan couscous market decreased by -X% to $X in 2021. The market value increased at an average annual rate of +X% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the maximum level at $X in 2020, and then fell in the following year.

Couscous Production in Sri Lanka

In value terms, couscous production shrank to $X in 2021 estimated in export price. Over the period under review, the total production indicated a pronounced expansion from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -X% against 2016 indices. The growth pace was the most rapid in 2016 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2020, and then shrank in the following year.

Couscous Exports

Exports from Sri Lanka

In 2021, couscous exports from Sri Lanka fell modestly to X tons, stabilizing at 2020 figures. Overall, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2018 to 2021, the growth of the exports failed to regain momentum.

In value terms, couscous exports contracted slightly to $X in 2021. In general, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

Ireland (X kg) was the main destination for couscous exports from Sri Lanka, with a X% share of total exports. Moreover, couscous exports to Ireland exceeded the volume sent to the second major destination, Italy (X kg), fourfold. The United States (X kg) ranked third in terms of total exports with a X% share.

From 2012 to 2021, the average annual growth rate of volume to Ireland totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (-X% per year) and the United States (+X% per year).

In value terms, the largest markets for couscous exported from Sri Lanka were Italy ($X), Ireland ($X) and the United States ($X), with a combined X% share of total exports.

Among the main countries of destination, the United States, with a CAGR of +X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average couscous export price stood at $X per ton in 2021, dropping by -X% against the previous year. In general, the export price, however, recorded slight growth. The pace of growth was the most pronounced in 2019 when the average export price increased by X%. Over the period under review, the average export prices hit record highs at $X per ton in 2020, and then contracted slightly in the following year.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was the United States ($X per ton), while the average price for exports to Ireland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Couscous Imports

Imports into Sri Lanka

In 2021, purchases abroad of couscous was finally on the rise to reach X tons for the first time since 2016, thus ending a four-year declining trend. Over the period under review, imports, however, saw a abrupt setback. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, couscous imports stood at $X in 2021. Overall, imports, however, faced a abrupt contraction. The growth pace was the most rapid in 2016 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Australia (X tons) constituted the largest supplier of couscous to Sri Lanka, accounting for a X% share of total imports. Moreover, couscous imports from Australia exceeded the figures recorded by the second-largest supplier, Italy (X kg), fourfold. The third position in this ranking was occupied by the United Arab Emirates (X kg), with a X% share.

From 2012 to 2021, the average annual growth rate of volume from Australia amounted to -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-X% per year) and the United Arab Emirates (+X% per year).

In value terms, Australia ($X) constituted the largest supplier of couscous to Sri Lanka, comprising X% of total imports. The second position in the ranking was occupied by Italy ($X), with a X% share of total imports. It was followed by the United Arab Emirates, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Australia stood at -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-X% per year) and the United Arab Emirates (-X% per year).

Import Prices by Country

In 2021, the average couscous import price amounted to $X per ton, waning by -X% against the previous year. Overall, the import price continues to indicate a noticeable descent. The most prominent rate of growth was recorded in 2019 when the average import price increased by X%. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United Arab Emirates ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (-X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform