Price for Cereal Groats and Meal; of Wheat in Sri Lanka - 2022
Contents:
- Price for Cereal Groats and Meal; of Wheat in Sri Lanka (CIF) - 2022
- Price for Cereal Groats and Meal; of Wheat in Sri Lanka (FOB) - 2022
- Imports of Cereal Groats and Meal; of Wheat in Sri Lanka
- Exports of Cereal Groats and Meal; of Wheat in Sri Lanka
Price for Cereal Groats and Meal; of Wheat in Sri Lanka (CIF) - 2022
In 2022, the average import price for cereal groats and meal; of wheats amounted to $432 per ton, increasing by 11% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.1%. The pace of growth was the most pronounced in 2013 an increase of 21% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.
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 India ($467 per ton), while the price for Pakistan ($213 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+3.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Cereal Groats and Meal; of Wheat in Sri Lanka (FOB) - 2022
The average export price for cereal groats and meal; of wheats stood at $1,479 per ton in 2022, rising by 9.6% against the previous year. Overall, export price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for cereal groats and meal; of wheats increased by +35.3% against 2020 indices. The pace of growth was the most pronounced in 2013 when the average export price increased by 28%. The export price peaked at $1,732 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Norway ($2,319 per ton), while the average price for exports to the UK ($1,159 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 (+81.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Cereal Groats and Meal; of Wheat in Sri Lanka
In 2022, approx. 49 tons of cereal groats and meal; of wheats were imported into Sri Lanka; which is down by -33.6% on 2021. In general, imports showed a dramatic slump. The most prominent rate of growth was recorded in 2021 with an increase of 210% against the previous year.
In value terms, imports of cereal groats and meal; of wheats contracted remarkably to $21K in 2022. Overall, imports recorded a sharp descent. The pace of growth was the most pronounced in 2021 with an increase of 238% against the previous year.
| Import of Cereal Groats and Meal; of Wheat in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 22.9 | 3.3 | 12.2 | 11.2 | -21.2% |
| India | 37.6 | 4.8 | 15.6 | 9.3 | -37.2% |
| Australia | 1.5 | 0.2 | 0.6 | 0.4 | -35.6% |
| Pakistan | 0.7 | 0.1 | 0.2 | 0.1 | -47.7% |
| Others | 0.3 | N/A | N/A | N/A | 0% |
| Total | 62.9 | 8.5 | 28.6 | 21.0 | -30.6% |
Top Suppliers of Cereal Groats and Meal; of Wheat to Sri Lanka in 2022:
- United Arab Emirates (27.1 tons)
- India (19.9 tons)
- Australia (1.1 tons)
- Pakistan (0.6 tons)
Exports of Cereal Groats and Meal; of Wheat in Sri Lanka
For the third consecutive year, Sri Lanka recorded decline in overseas shipments of cereal groats and meal; of wheats, which decreased by -57.6% to 1.3 tons in 2022. Over the period under review, exports showed a sharp decrease. The smallest decline of -30.8% was in 2020.
In value terms, exports of cereal groats and meal; of wheats dropped dramatically to $1.9K in 2022. Overall, exports recorded a sharp descent. The smallest decline of -31.9% was in 2021.
| Export of Cereal Groats and Meal; of Wheat in Sri Lanka (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 1,752 | 115 | 660 | 621 | -29.2% |
| Italy | N/A | N/A | 4.0 | 279 | 6875.0% |
| Norway | 4,500 | 185 | 1,173 | 211 | -63.9% |
| Denmark | 1,423 | 255 | 1,565 | 161 | -51.6% |
| Germany | 400 | 7.0 | 124 | 147 | -28.4% |
| Australia | 159 | 13.0 | 171 | 110 | -11.6% |
| Switzerland | 314 | 21.0 | 160 | 97.0 | -32.4% |
| Canada | N/A | N/A | N/A | 73.0 | 0% |
| Malaysia | N/A | 5,429 | N/A | N/A | 0% |
| Others | 335 | 26.0 | 266 | 216 | -13.6% |
| Total | 8,883 | 6,051 | 4,123 | 1,915 | -40.0% |
Top Export Markets for Cereal Groats and Meal; of Wheat from Sri Lanka in 2022:
- United Kingdom (536.0 kg)
- Italy (154.0 kg)
- Germany (112.0 kg)
- Denmark (94.0 kg)
- Norway (91.0 kg)
- Canada (61.0 kg)
- Australia (55.0 kg)
- Switzerland (43.0 kg)
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