Sri Lanka: Non-Wheat Groats Market 2024

Non-Wheat Groats Market Size in Sri Lanka

The Sri Lankan non-wheat groats market fell slightly to $X in 2021, reducing by -3.7% against the previous year. In general, consumption saw a relatively flat trend pattern. Non-wheat groats consumption peaked at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Non-Wheat Groats Production in Sri Lanka

In value terms, non-wheat groats production dropped to $X in 2021 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of 34%. Non-wheat groats production peaked at $X in 2017; however, from 2018 to 2021, production stood at a somewhat lower figure.

Non-Wheat Groats Exports

Exports from Sri Lanka

In 2021, approx. X tons of groats and meal of cereals (excluding wheat) were exported from Sri Lanka; waning by -37.2% against 2020 figures. Over the period under review, exports recorded a perceptible descent. The most prominent rate of growth was recorded in 2014 when exports increased by 473% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, non-wheat groats exports reduced markedly to $X in 2021. Overall, exports showed a noticeable downturn. The most prominent rate of growth was recorded in 2014 when exports increased by 524% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Pakistan (X tons), Qatar (X kg) and France (X kg) were the main destinations of non-wheat groats exports from Sri Lanka, with a combined 82% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Qatar (with a CAGR of +103.1%), while the other leaders experienced more modest paces of growth.

In value terms, Qatar ($X) emerged as the key foreign market for groats and meal of cereals (excluding wheat) exports from Sri Lanka, comprising 53% of total exports. The second position in the ranking was taken by Pakistan ($X), with a 13% share of total exports. It was followed by France, with a 7.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Qatar stood at +198.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Pakistan (0.0% per year) and France (+5.0% per year).

Export Prices by Country

The average non-wheat groats export price stood at $X per ton in 2021, picking up by 8.3% against the previous year. Over the period under review, export price indicated slight growth from 2012 to 2021: its price increased at an average annual rate of +1.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, non-wheat groats export price increased by +120.4% against 2015 indices. The most prominent rate of growth was recorded in 2016 an increase of 33% against the previous year. The export price peaked in 2021 and is likely to see gradual growth in years to come.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Maldives ($X per ton), while the average price for exports to Pakistan ($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 Qatar (+48.9%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Wheat Groats Imports

Imports into Sri Lanka

In 2021, after two years of decline, there was significant growth in overseas purchases of groats and meal of cereals (excluding wheat), when their volume increased by 6.5% to X tons. Over the period under review, imports, however, continue to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2013 when imports increased by 14% against the previous year. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, non-wheat groats imports stood at $X in 2021. Overall, imports, however, recorded a abrupt downturn. The growth pace was the most rapid in 2017 when imports increased by 14% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

India (X tons), Pakistan (X tons) and Italy (X tons) were the main suppliers of non-wheat groats imports to Sri Lanka, together accounting for 94% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +14.1%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest non-wheat groats suppliers to Sri Lanka were India ($X), Pakistan ($X) and Italy ($X), together comprising 97% of total imports.

In terms of the main suppliers, Italy, with a CAGR of +12.2%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average non-wheat groats import price amounted to $X per ton, approximately reflecting the previous year. Over the period under review, the import price, however, recorded a slight decline. The pace of growth appeared the most rapid in 2019 an increase of 8.9% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bangladesh (-1.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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