Report Update Nov 1, 2024

Sri Lanka - Other Cereals - Market Analysis, Forecast, Size, Trends and Insights

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Sri Lanka: Other Cereals Market 2024

Other Cereals Market Size in Sri Lanka

The Sri Lankan other cereals market was finally on the rise to reach $X in 2021, after two years of decline. Overall, consumption showed a buoyant increase. Other cereals consumption peaked in 2021 and is expected to retain growth in years to come.

Other Cereals Exports

Exports from Sri Lanka

In 2021, other cereals exports from Sri Lanka surged to X tons, increasing by 55% on 2020. In general, exports saw a buoyant expansion. The most prominent rate of growth was recorded in 2019 when exports increased by 111% against the previous year. As a result, the exports attained the peak of X tons. From 2020 to 2021, the growth of the exports failed to regain momentum.

In value terms, other cereals exports skyrocketed to $X in 2021. Overall, exports saw a strong expansion. The growth pace was the most rapid in 2019 when exports increased by 120% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Australia (X tons), Italy (X tons) and Japan (X tons) were the main destinations of other cereals exports from Sri Lanka, with a combined 62% share of total exports.

From 2012 to 2021, the biggest increases were in Japan (with a CAGR of +52.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) emerged as the key foreign market for other cereals exports from Sri Lanka, comprising 36% of total exports. The second position in the ranking was taken by Australia ($X), with a 17% share of total exports. It was followed by Italy, with a 16% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Japan totaled +58.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+13.2% per year) and Italy (+15.7% per year).

Export Prices by Country

The average other cereals export price stood at $X per ton in 2021, growing by 20% against the previous year. Over the period under review, export price indicated a resilient expansion from 2012 to 2021: its price increased at an average annual rate of +6.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, other cereals export price increased by +88.0% against 2015 indices. The most prominent rate of growth was recorded in 2014 an increase of 28%. Over the period under review, the average export prices hit record highs in 2021 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Japan ($X per ton), while the average price for exports to India ($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 Cyprus (+10.0%), while the prices for the other major destinations experienced more modest paces of growth.

Other Cereals Imports

Imports into Sri Lanka

In 2021, after two years of decline, there was significant growth in overseas purchases of other cerealses, when their volume increased by 94% to X tons. In general, imports showed a remarkable increase. The pace of growth appeared the most rapid in 2015 when imports increased by 2,582% against the previous year. Over the period under review, imports reached the maximum in 2021 and are likely to see steady growth in years to come.

In value terms, other cereals imports skyrocketed to $X in 2021. Overall, imports saw a resilient increase. The most prominent rate of growth was recorded in 2015 with an increase of 1,177%. Over the period under review, imports hit record highs in 2021 and are likely to continue growth in years to come.

Imports by Country

In 2021, Ukraine (X tons) constituted the largest supplier of other cereals to Sri Lanka, with a 88% share of total imports. Moreover, other cereals imports from Ukraine exceeded the figures recorded by the second-largest supplier, India (X tons), ninefold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Ukraine totaled +59.1%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+0.4% per year) and China (-26.9% per year).

In value terms, Ukraine ($X) constituted the largest supplier of other cereals to Sri Lanka, comprising 72% of total imports. The second position in the ranking was held by India ($X), with a 20% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Ukraine totaled +76.3%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+10.1% per year) and China (-29.6% per year).

Import Prices by Country

The average other cereals import price stood at $X per ton in 2021, which is down by -2.6% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 an increase of 130%. As a result, import price reached the peak level of $X per ton. From 2015 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ukraine (+10.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for other cereals in the world?

The countries with the highest volumes of other cereals consumption in 2021 were Poland, Ethiopia and Germany, together accounting for 57% of global consumption. These countries were followed by France, Belarus, Spain, Guinea, Chad, China and Lithuania, which together accounted for a further 24%.

What are the largest producers of other cereals in the world?

The countries with the highest volumes of other cereals production in 2021 were Poland, Ethiopia and Germany, together accounting for 58% of global production. These countries were followed by France, Belarus, Spain, Guinea, Chad, China and Lithuania, which together accounted for a further 23%.

What are the leading suppliers of other cereals to Sri Lanka?

In value terms, Ukraine and India were the largest other cereals suppliers to Sri Lanka.

What are the leading importers of other cereals from Sri Lanka?

In value terms, Australia, Maldives and Italy appeared to be the largest markets for other cereals exported from Sri Lanka worldwide, with a combined 64% share of total exports.

What is the average export price for other cereals in Sri Lanka?

The average other cereals export price stood at $1,943 per ton in 2021, declining by -20.5% against the previous year.

What is the average import price for other cereals in Sri Lanka?

In 2021, the average other cereals import price amounted to $374 per ton, waning by -22.8% against the previous year.

This report provides an in-depth analysis of the other cereals market in Sri Lanka. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 92 - Quinoa
FCL 94 - Fonio
FCL 97 - Triticale
FCL 103 - Mixed grain
FCL 108 - Cereals, nes

Country coverage:

Sri Lanka

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Sri Lanka
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2023
23. Production, In Value Terms, 2012–2023
24. Area Harvested, 2012–2023
25. Yield, 2012–2023
26. Imports, In Physical Terms, 2012–2023
27. Imports, In Value Terms, 2012–2023
28. Imports, In Physical Terms, By Country, 2023
29. Imports, In Physical Terms, By Country, 2012–2023
30. Imports, In Value Terms, By Country, 2012–2023
31. Import Prices, By Country Of Origin, 2012–2023
32. Exports, In Physical Terms, 2012–2023
33. Exports, In Value Terms, 2012–2023
34. Exports, In Physical Terms, By Country, 2023
35. Exports, In Physical Terms, By Country, 2012–2023
36. Exports, In Value Terms, By Country, 2012–2023
37. Export Prices, By Country Of Destination, 2012–2023