Flakes; of Potatoes Price in Sri Lanka - 2021

Contents:

1. Flakes; of Potatoes Price in Sri Lanka (CIF) - 2022
2. Flakes; of Potatoes Price in Sri Lanka (FOB) - 2022
3. Flakes; of Potatoes Imports in Sri Lanka
4. Flakes; of Potatoes Exports in Sri Lanka

Flakes; of Potatoes Price in Sri Lanka (CIF) - 2022

In 2022, the average flakes; of potatoes import price amounted to $2,353 per ton, rising by 55% against the previous year. Over the period under review, import price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of +8.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, flakes; of potatoes import price increased by +62.0% against 2018 indices. 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 Belgium ($2,779 per ton), while the price for India ($1,678 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+30.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Flakes; of Potatoes Price in Sri Lanka (FOB) - 2022

The average flakes; of potatoes export price stood at $1,487 per ton in 2022, with a decrease of -2.6% against the previous year. Over the period under review, the export price saw a mild contraction. The pace of growth was the most pronounced in 2014 when the average export price increased by 18%. The export price peaked at $2,017 per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Maldives ($1,756 per ton), while the average price for exports to Australia ($320 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 Maldives (+5.8%), while the prices for the other major destinations experienced a decline.

Flakes; of Potatoes Imports in Sri Lanka

In 2022, the amount of flakes; of potatoeses imported into Sri Lanka shrank significantly to 366 tons, dropping by -24.7% on the previous year. Over the period under review, imports saw a dramatic decline. The growth pace was the most rapid in 2021 when imports increased by 7%.

In value terms, flakes; of potatoes imports skyrocketed to $860K in 2022. In general, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 34% against the previous year.

Top Suppliers of Flakes; of Potatoes to Sri Lanka in 2022:

1. Netherlands (203.3 tons)
2. India (113.0 tons)
3. Belgium (49.5 tons)

Flakes; of Potatoes Exports in Sri Lanka

In 2022, after three years of growth, there was significant decline in shipments abroad of flakes; of potatoeses, when their volume decreased by -38.2% to 1.8 tons. Over the period under review, exports, however, showed significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 396%. As a result, the exports reached the peak of 2.9 tons, and then dropped markedly in the following year.

In value terms, flakes; of potatoes exports fell significantly to $2.6K in 2022. In general, exports, however, continue to indicate significant growth. The pace of growth was the most pronounced in 2021 when exports increased by 390%. As a result, the exports reached the peak of $4.4K, and then contracted sharply in the following year.

Top Export Markets for Flakes; of Potatoes from Sri Lanka in 2022:

1. Maldives (1359.0 kg)
2. United Kingdom (192.0 kg)
3. Australia (147.0 kg)
4. Oman (81.0 kg)

Source: IndexBox Market Intelligence Platform