Sri Lanka: Market for Rusks, Toasted Bread and Similar Toasted Products 2024

Market Size for Rusks, Toasted Bread and Similar Toasted Products in Sri Lanka

The Sri Lankan rusks and toasted bread market rose significantly to $X in 2022, growing by X% against the previous year. In general, consumption saw a resilient increase. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Production of Rusks, Toasted Bread and Similar Toasted Products in Sri Lanka

In value terms, rusks and toasted bread production stood at $X in 2022 estimated in export price. Overall, production recorded a strong expansion. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

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Exports of Rusks, Toasted Bread and Similar Toasted Products

Exports from Sri Lanka

In 2022, after two years of growth, there was significant decline in shipments abroad of rusks, toasted bread and similar toasted products, when their volume decreased by X% to X tons. Over the period under review, exports, however, continue to indicate a significant increase. The growth pace was the most rapid in 2013 when exports increased by X% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, rusks and toasted bread exports reduced rapidly to $X in 2022. In general, exports, however, showed a significant increase. The pace of growth appeared the most rapid in 2013 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2021, and then fell sharply in the following year.

Exports by Country

The United States (X tons), Italy (X kg) and Switzerland (X kg) were the main destinations of rusks and toasted bread exports from Sri Lanka, with a combined X% share of total exports. Norway, France, Australia, the UK and Maldives lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for France (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), the United States ($X) and Switzerland ($X) constituted the largest markets for rusks and toasted bread exported from Sri Lanka worldwide, with a combined X% share of total exports. France, Norway, Australia, the UK and Maldives lagged somewhat behind, together accounting for a further X%.

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

Export Prices by Country

The average rusks and toasted bread export price stood at $X per ton in 2022, with an increase of X% against the previous year. Overall, the export price enjoyed a buoyant expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Australia ($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 Italy (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Rusks, Toasted Bread and Similar Toasted Products

Imports into Sri Lanka

After two years of decline, overseas purchases of rusks, toasted bread and similar toasted products increased by X% to X tons in 2022. In general, imports, however, showed a dramatic setback. The pace of growth appeared the most rapid in 2019 with an increase of X%. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, rusks and toasted bread imports soared to $X in 2022. Over the period under review, imports, however, showed a abrupt slump. The pace of growth appeared the most rapid in 2019 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

Oman (X tons), the United Arab Emirates (X tons) and India (X tons) were the main suppliers of rusks and toasted bread imports to Sri Lanka, together accounting for X% of total imports. These countries were followed by Turkey, which accounted for a further X%.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of X%), while purchases for the other leaders experienced a decline.

In value terms, Oman ($X) constituted the largest supplier of rusks, toasted bread and similar toasted products to Sri Lanka, comprising X% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total imports. It was followed by Turkey, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Oman stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (X% per year) and Turkey (X% per year).

Import Prices by Country

The average rusks and toasted bread import price stood at $X per ton in 2022, jumping by X% against the previous year. Overall, the import price enjoyed a prominent increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Oman ($X per ton), while the price for India ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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