Sri Lanka: Couscous Market 2024

Couscous Market Size in Sri Lanka

The Sri Lankan couscous market rose markedly to $X in 2021, increasing by 6.7% against the previous year. Over the period under review, the total consumption indicated pronounced growth from 2012 to 2021: its value increased at an average annual rate of +3.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +53.0% against 2014 indices. Couscous consumption peaked in 2021 and is expected to retain growth in years to come.

Couscous Production in Sri Lanka

In value terms, couscous production expanded rapidly to $X in 2021 estimated in export price. In general, the total production indicated notable growth from 2012 to 2021: its value increased at an average annual rate of +3.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +1.7% against 2017 indices. The most prominent rate of growth was recorded in 2016 with an increase of 32% against the previous year. Couscous production peaked in 2021 and is likely to continue growth in the immediate term.

Couscous Exports

Exports from Sri Lanka

In 2021, after two years of growth, there was significant decline in shipments abroad of couscous, when their volume decreased by -84.1% to X kg. Over the period under review, exports recorded a dramatic setback. The most prominent rate of growth was recorded in 2017 with an increase of 556%. As a result, the exports attained the peak of X tons. From 2018 to 2021, the growth of the exports failed to regain momentum.

In value terms, couscous exports reduced dramatically to $X in 2021. Overall, exports faced a dramatic decline. The most prominent rate of growth was recorded in 2017 with an increase of 714% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Maldives (X kg) was the main destination for couscous exports from Sri Lanka, accounting for a approx. 158% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Maldives totaled +12.0%.

In value terms, Maldives ($X) also remains the key foreign market for couscous exports from Sri Lanka.

From 2012 to 2021, the average annual growth rate of value to Maldives stood at +12.3%.

Export Prices by Country

The average couscous export price stood at $X per ton in 2021, with an increase of 71% against the previous year. Overall, the export price continues to indicate a measured increase. The pace of growth was the most pronounced in 2014 an increase of 309%. The export price peaked in 2021 and is likely to continue growth in the near future.

As there is only one major export destination, the average price level is determined by prices for Maldives.

From 2012 to 2021, the rate of growth in terms of prices for Switzerland amounted to +66.5% per year.

Couscous Imports

Imports into Sri Lanka

In 2021, overseas purchases of couscous decreased by -25.3% to X tons, falling for the second consecutive year after four years of decline. Overall, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 60%. Over the period under review, imports attained the peak figure at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, couscous imports declined markedly to $X in 2021. Over the period under review, imports showed a mild descent. The growth pace was the most rapid in 2015 when imports increased by 178% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Australia (X tons) constituted the largest supplier of couscous to Sri Lanka, accounting for a 66% share of total imports. Moreover, couscous imports from Australia exceeded the figures recorded by the second-largest supplier, Italy (X tons), threefold. The United Arab Emirates (X tons) ranked third in terms of total imports with a 12% share.

From 2012 to 2021, the average annual growth rate of volume from Australia was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+7.8% per year) and the United Arab Emirates (+44.2% per year).

In value terms, Australia ($X) constituted the largest supplier of couscous to Sri Lanka, comprising 72% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 12% share of total imports. It was followed by Italy, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Australia was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+59.4% per year) and Italy (+2.7% per year).

Import Prices by Country

In 2021, the average couscous import price amounted to $X per ton, increasing by 14% against the previous year. Over the period under review, the import price, however, showed a slight reduction. The most prominent rate of growth was recorded in 2015 when the average import price increased by 74% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+10.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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