Sri Lanka: Market for Wheat and Meslin Flour 2022

Market Size for Wheat and Meslin Flour in Sri Lanka

In 2021, the Sri Lankan wheat and meslin flour market was finally on the rise to reach $X for the first time since 2013, thus ending a seven-year declining trend. Over the period under review, consumption, however, continues to indicate a abrupt descent. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Production of Wheat and Meslin Flour in Sri Lanka

In value terms, wheat and meslin flour production rose modestly to $X in 2021 estimated in export price. Overall, production, however, saw a drastic downturn. Wheat and meslin flour production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Wheat and Meslin Flour

Exports from Sri Lanka

In 2021, shipments abroad of wheat and meslin flour decreased by -X% to X tons for the first time since 2018, thus ending a two-year rising trend. Overall, exports continue to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2019 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, wheat and meslin flour exports stood at $X in 2021. In general, exports recorded a abrupt decline. The most prominent rate of growth was recorded in 2019 with an increase of X%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Maldives (X tons), Singapore (X tons) and Malaysia (X tons) were the main destinations of wheat and meslin flour exports from Sri Lanka, together comprising X% of total exports. These countries were followed by Thailand, Hong Kong SAR, Cambodia and India, which together accounted for a further X 2012 to 2021, the biggest increases were in India (with a CAGR of +X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for wheat and meslin flour exported from Sri Lanka were Singapore ($X), Maldives ($X) and Malaysia ($X), with a combined X% share of total exports. Thailand, Hong Kong SAR, Cambodia and India lagged somewhat behind, together comprising a further X the main countries of destination, India, with a CAGR of +X%, saw the highest growth rate of 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

In 2021, the average wheat and meslin flour export price amounted to $X per ton, picking up by X% against the previous year. Overall, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2019 to 2021, the the average export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In 2021, the countries with the highest prices were India ($X per ton) and Hong Kong SAR ($X per ton), while the average price for exports to Cambodia ($X per ton) and Thailand ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to India (+X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Wheat and Meslin Flour

Imports into Sri Lanka

After four years of growth, supplies from abroad of wheat and meslin flour decreased by -X% to X tons in 2021. Overall, imports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Imports peaked at X tons in 2020, and then fell notably in the following year.

In value terms, wheat and meslin flour imports fell remarkably to $X in 2021. In general, imports, however, recorded significant growth. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. As a result, imports attained the peak of $X, and then dropped notably in the following year.

Imports by Country

In 2021, India (X tons) was the main wheat and meslin flour supplier to Sri Lanka, with a X% share of total imports. It was followed by the United Arab Emirates (X tons), with a X% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from India amounted to +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).

In value terms, India ($X) constituted the largest supplier of wheat and meslin flour to Sri Lanka, comprising X% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a X% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from India totaled +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 wheat and meslin flour import price stood at $X per ton in 2021, picking up by X% against the previous year. Over the last nine-year period, it increased at an average annual rate of +X%. The import price peaked at $X per ton in 2016; however, from 2017 to 2021, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2021, the country with the highest price was the United Arab Emirates ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform