Sri Lanka: Pasta And Couscous Market 2024

Pasta And Couscous Market Size in Sri Lanka

The Sri Lankan pasta and couscous market rose to $X in 2022, increasing by 4.2% against the previous year. Overall, the total consumption indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -5.1% against 2020 indices. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Pasta And Couscous Production in Sri Lanka

In value terms, pasta and couscous production rose notably to $X in 2022 estimated in export price. Overall, the total production indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -4.7% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 23% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Pasta And Couscous Exports

Exports from Sri Lanka

Pasta and couscous exports from Sri Lanka soared to X tons in 2022, increasing by 89% compared with 2021 figures. In general, exports recorded a significant increase. The most prominent rate of growth was recorded in 2014 with an increase of 211%. Over the period under review, the exports attained the maximum in 2022 and are likely to continue growth in the near future.

In value terms, pasta and couscous exports surged to $X in 2022. Over the period under review, exports posted a significant increase. The pace of growth was the most pronounced in 2014 when exports increased by 159% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

Saudi Arabia (X tons), the UK (X tons) and the United Arab Emirates (X tons) were the main destinations of pasta and couscous exports from Sri Lanka, with a combined 70% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Saudi Arabia (with a CAGR of +213.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Saudi Arabia ($X) and the UK ($X) appeared to be the largest markets for pasta and couscous exported from Sri Lanka worldwide, with a combined 66% share of total exports.

In terms of the main countries of destination, Saudi Arabia, with a CAGR of +203.6%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average pasta and couscous export price stood at $X per ton in 2022, increasing by 10% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the average export price increased by 26% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Turkey ($X per ton), while the average price for exports to Qatar ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+44.8%), while the prices for the other major destinations experienced more modest paces of growth.

Pasta And Couscous Imports

Imports into Sri Lanka

In 2022, approx. X tons of stuffed pasta and couscous were imported into Sri Lanka; dropping by -38.8% on the previous year's figure. In general, imports continue to indicate a slight decline. The growth pace was the most rapid in 2021 when imports increased by 51%. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, pasta and couscous imports soared to $X in 2022. Overall, total imports indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +136.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 85%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

The United Arab Emirates (X tons), Italy (X tons) and South Korea (X tons) were the main suppliers of pasta and couscous imports to Sri Lanka, together accounting for 81% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Korea (with a CAGR of +120.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X), the United Arab Emirates ($X) and Italy ($X) constituted the largest pasta and couscous suppliers to Sri Lanka, together comprising 87% of total imports.

South Korea, with a CAGR of +133.4%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average pasta and couscous import price amounted to $X per ton, rising by 109% against the previous year. Overall, the import price saw prominent growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was South Korea ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+7.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :