Sri Lanka: Non-Wheat Flour Market 2024

Non-Wheat Flour Market Size in Sri Lanka

After three years of growth, the Sri Lankan non-wheat flour market decreased by -2.4% to $X in 2021. In general, consumption, however, showed a relatively flat trend pattern. Non-wheat flour consumption peaked at $X in 2020, and then dropped in the following year.

Non-Wheat Flour Production in Sri Lanka

In value terms, non-wheat flour production reduced modestly to $X in 2021 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the production volume increased by 17% against the previous year. Over the period under review, production reached the maximum level at $X in 2020, and then reduced slightly in the following year.

Non-Wheat Flour Exports

Exports from Sri Lanka

In 2021, the amount of non-wheat flours exported from Sri Lanka surged to X tons, growing by 44% compared with 2020 figures. Overall, exports saw a prominent expansion. The pace of growth was the most pronounced in 2019 with an increase of 116%. Over the period under review, the exports attained the peak figure at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, non-wheat flour exports skyrocketed to $X in 2021. In general, exports saw a strong expansion. The pace of growth was the most pronounced in 2019 with an increase of 128%. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in years to come.

Exports by Country

Australia (X tons), the UK (X tons) and Maldives (X tons) were the main destinations of non-wheat flour exports from Sri Lanka, with a combined 45% share of total exports. New Zealand, Canada, Kuwait, Italy, the United States, Germany, France, the United Arab Emirates, Japan and Oman lagged somewhat behind, together accounting for a further 44%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Oman (with a CAGR of +132.5%), while the other leaders experienced more modest paces of growth.

In value terms, Australia ($X), the UK ($X) and Maldives ($X) appeared to be the largest markets for non-wheat flour exported from Sri Lanka worldwide, together accounting for 44% of total exports. These countries were followed by Kuwait, New Zealand, Japan, Italy, the United States, Canada, France, Germany, the United Arab Emirates and Oman, which together accounted for a further 42%.

Oman, with a CAGR of +194.6%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average non-wheat flour export price amounted to $X per ton, picking up by 6% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2016 an increase of 24% against the previous year. The export price peaked at $X per ton in 2012; afterwards, it flattened through to 2021.

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 Japan ($X per ton), while the average price for exports to the United Arab Emirates ($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 Oman (+26.7%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Wheat Flour Imports

Imports into Sri Lanka

In 2021, supplies from abroad of non-wheat flours was finally on the rise to reach X tons for the first time since 2016, thus ending a four-year declining trend. In general, imports, however, faced a deep slump. The most prominent rate of growth was recorded in 2015 with an increase of 61% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, non-wheat flour imports rose slightly to $X in 2021. Overall, imports, however, faced a deep downturn. The pace of growth was the most pronounced in 2013 with an increase of 83% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Germany (X tons) constituted the largest non-wheat flour supplier to Sri Lanka, with a 54% share of total imports. Moreover, non-wheat flour imports from Germany exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. The third position in this ranking was held by the United Arab Emirates (X tons), with a 17% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany stood at -6.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+6.1% per year) and the United Arab Emirates (-53.6% per year).

In value terms, Germany ($X), the United Arab Emirates ($X) and China ($X) constituted the largest non-wheat flour suppliers to Sri Lanka, with a combined 78% share of total imports. These countries were followed by Australia, Italy and India, which together accounted for a further 19%.

Among the main suppliers, Italy, with a CAGR of +10.2%, saw the highest growth rate of 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 flour import price amounted to $X per ton, reducing by -14.3% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 32%. The import price peaked at $X per ton in 2020, and then contracted in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Australia ($X per ton), while the price for India ($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 (+14.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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