Sri Lanka: Market for Starch other than Wheat, Corn or Potato 2022

Market Size for Starch other than Wheat, Corn or Potato in Sri Lanka

The Sri Lankan market for starch other than wheat, corn or potato shrank dramatically to $X in 2021, reducing by -X% against the previous year. In general, the total consumption indicated a mild increase from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X, and then contracted dramatically in the following year.

Production of Starch other than Wheat, Corn or Potato in Sri Lanka

In value terms, production of starch other than wheat, corn or potato expanded to $X in 2021 estimated in export price. Overall, production, however, posted significant growth. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2019 to 2021, production of growth remained at a somewhat lower figure.

Exports of Starch other than Wheat, Corn or Potato

Exports from Sri Lanka

In 2021, exports of starch other than wheat, corn or potato from Sri Lanka surged to X tons, growing by X% against the previous year. Overall, exports recorded a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of starch other than wheat, corn or potato soared to $X in 2021. Over the period under review, exports showed resilient growth. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. The exports peaked in 2021 and are expected to retain growth in the immediate term.

Exports by Country

The United Arab Emirates (X tons) was the main destination for exports of starch other than wheat, corn or potato from Sri Lanka, accounting for a X% share of total exports. Moreover, exports of starch other than wheat, corn or potato to the United Arab Emirates exceeded the volume sent to the second major destination, Maldives (X tons), ninefold. Canada (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United Arab Emirates totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Maldives (+X% per year) and Canada (+X% per year).

In value terms, the United Arab Emirates ($X) emerged as the key foreign market for starch other than wheat, corn or potato exports from Sri Lanka, comprising X% of total exports. The second position in the ranking was held by Maldives ($X), with a X% share of total exports. It was followed by Qatar, with a X% share.

From 2012 to 2021, the average annual growth rate of value to the United Arab Emirates totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Maldives (+X% per year) and Qatar (+X% per year).

Export Prices by Country

In 2021, the average export price for starch other than wheat, corn or potato amounted to $X per ton, dropping by -X% against the previous year. Overall, the export price recorded a abrupt decrease. The growth pace was the most rapid in 2020 an increase of X%. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Maldives ($X per ton), while the average price for exports to the United Arab Emirates ($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 Canada (+X%), while the prices for the other major destinations experienced a decline.

Imports of Starch other than Wheat, Corn or Potato

Imports into Sri Lanka

In 2021, supplies from abroad of starch other than wheat, corn or potato decreased by -X% to X tons for the first time since 2018, thus ending a two-year rising trend. In general, imports showed a deep downturn. The pace of growth was the most pronounced in 2019 when imports increased by X%. Imports peaked at X tons in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, imports of starch other than wheat, corn or potato soared to $X in 2021. Over the period under review, imports showed a perceptible shrinkage. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Thailand (X tons) constituted the largest starch other than wheat, corn or potato supplier to Sri Lanka, with a X% share of total imports. Moreover, imports of starch other than wheat, corn or potato from Thailand exceeded the figures recorded by the second-largest supplier, Indonesia (X tons), twofold. The third position in this ranking was held by India (X tons), with a X% share.

From 2012 to 2021, the average annual growth rate of volume from Thailand totaled -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (+X% per year) and India (+X% per year).

In value terms, Thailand ($X) constituted the largest supplier of starch other than wheat, corn or potato to Sri Lanka, comprising X% of total imports. The second position in the ranking was held by Indonesia ($X), with a X% share of total imports. It was followed by India, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Thailand stood at -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (+X% per year) and India (+X% per year).

Import Prices by Country

In 2021, the average import price for starch other than wheat, corn or potato amounted to $X per ton, jumping by X% against the previous year. Over the last nine-year period, it increased at an average annual rate of +X%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2021, the countries with the highest prices were India ($X per ton) and Thailand ($X per ton), while the price for Vietnam ($X per ton) and Indonesia ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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