Sri Lanka: Oat Market 2025

Oat Market Size in Sri Lanka

The Sri Lankan oat market totaled $X in 2022, with an increase of 6.6% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, showed a significant expansion. Over the period under review, the market reached the peak level in 2022 and is likely to continue growth in years to come.

Oat Exports

Exports from Sri Lanka

In 2022, overseas shipments of oats decreased by -25.8% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, exports, however, recorded significant growth. The most prominent rate of growth was recorded in 2017 when exports increased by 493% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2021, and then shrank notably in the following year.

In value terms, oat exports reached $X in 2022. Over the period under review, exports, however, posted a significant increase. The growth pace was the most rapid in 2017 when exports increased by 387%. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

Qatar (X tons) was the main destination for oat exports from Sri Lanka, with a 47% share of total exports. Moreover, oat exports to Qatar exceeded the volume sent to the second major destination, Oman (X tons), twofold. The United Arab Emirates (X tons) ranked third in terms of total exports with a 15% share.

From 2012 to 2022, the average annual growth rate of volume to Qatar totaled +138.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Oman (+18.3% per year) and the United Arab Emirates (+0.6% per year).

In value terms, Qatar ($X) remains the key foreign market for oats exports from Sri Lanka, comprising 46% of total exports. The second position in the ranking was taken by Oman ($X), with a 19% share of total exports. It was followed by the United Arab Emirates, with a 16% share.

From 2012 to 2022, the average annual growth rate of value to Qatar amounted to +131.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Oman (+68.0% per year) and the United Arab Emirates (+13.9% per year).

Export Prices by Country

The average oat export price stood at $X per ton in 2022, jumping by 47% against the previous year. Overall, the export price showed a resilient increase. The pace of growth appeared the most rapid in 2013 when the average export price increased by 150% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is likely to see gradual growth in the near future.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Saudi Arabia ($X per ton) and the United Arab Emirates ($X per ton), while the average price for exports to Oman ($X per ton) and Qatar ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Oman (+42.0%), while the prices for the other major destinations experienced more modest paces of growth.

Oat Imports

Imports into Sri Lanka

Oat imports into Sri Lanka contracted to X tons in 2022, waning by -6.4% against the previous year's figure. In general, imports, however, saw significant growth. The most prominent rate of growth was recorded in 2017 with an increase of 1,078% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2021, and then fell in the following year.

In value terms, oat imports soared to $X in 2022. Overall, imports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2019 with an increase of 909% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Australia (X tons) constituted the largest supplier of oat to Sri Lanka, with a 76% share of total imports. Moreover, oat imports from Australia exceeded the figures recorded by the second-largest supplier, Canada (X tons), threefold.

From 2012 to 2022, the average annual growth rate of volume from Australia stood at +113.4%.

In value terms, Australia ($X) constituted the largest supplier of oats to Sri Lanka, comprising 78% of total imports. The second position in the ranking was held by Canada ($X), with a 22% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Australia amounted to +111.7%.

Import Prices by Country

In 2022, the average oat import price amounted to $X per ton, with an increase of 30% against the previous year. Overall, the import price, however, continues to indicate a abrupt curtailment. The growth pace was the most rapid in 2019 when the average import price increased by 43% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Australia ($X per ton), while the price for Canada stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+6.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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