Sri Lanka: Uncooked Pasta Market 2024

Uncooked Pasta Market Size in Sri Lanka

In 2021, the Sri Lankan uncooked pasta market decreased by -6.5% to $X for the first time since 2011, thus ending a nine-year rising trend. Over the period under review, consumption, however, recorded a resilient increase. Over the period under review, the market attained the maximum level at $X in 2020, and then shrank in the following year.

Uncooked Pasta Production in Sri Lanka

In value terms, uncooked pasta production contracted to $X in 2021 estimated in export price. Overall, production, however, posted a resilient increase. The growth pace was the most rapid in 2013 when the production volume increased by 16%. Over the period under review, production hit record highs at $X in 2020, and then fell in the following year.

Uncooked Pasta Exports

Exports from Sri Lanka

In 2021, exports of uncooked pasta from Sri Lanka contracted to X tons, which is down by -9% compared with the previous year's figure. In general, exports, however, recorded a prominent expansion. The pace of growth was the most pronounced in 2018 when exports increased by 114%. As a result, the exports attained the peak of X tons. From 2019 to 2021, the growth of the exports remained at a lower figure.

In value terms, uncooked pasta exports shrank modestly to $X in 2021. Overall, exports, however, showed prominent growth. The most prominent rate of growth was recorded in 2014 with an increase of 51% against the previous year. Over the period under review, the exports reached the maximum at $X in 2020, and then declined slightly in the following year.

Exports by Country

Maldives (X tons) was the main destination for uncooked pasta exports from Sri Lanka, accounting for a 43% share of total exports. Moreover, uncooked pasta exports to Maldives exceeded the volume sent to the second major destination, Oman (X tons), threefold. The third position in this ranking was taken by the UK (X tons), with a 14% share.

From 2012 to 2021, the average annual growth rate of volume to Maldives stood at +13.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Oman (+105.4% per year) and the UK (+13.5% per year).

In value terms, Maldives ($X) remains the key foreign market for uncooked pasta exports from Sri Lanka, comprising 56% of total exports. The second position in the ranking was held by the UK ($X), with a 13% share of total exports. It was followed by Oman, with a 5.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Maldives amounted to +18.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+9.1% per year) and Oman (+94.8% per year).

Export Prices by Country

The average uncooked pasta export price stood at $X per ton in 2021, rising by 8.8% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 an increase of 111%. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Maldives ($X per ton), while the average price for exports to Oman ($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 Papua New Guinea (+9.2%), while the prices for the other major destinations experienced more modest paces of growth.

Uncooked Pasta Imports

Imports into Sri Lanka

In 2021, uncooked pasta imports into Sri Lanka surged to X tons, with an increase of 23% against 2020 figures. Over the period under review, total imports indicated a slight increase from 2012 to 2021: its volume increased at an average annual rate of +1.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +62.3% against 2018 indices. The pace of growth was the most pronounced in 2015 when imports increased by 77%. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, uncooked pasta imports skyrocketed to $X in 2021. In general, total imports indicated a moderate increase from 2012 to 2021: its value increased at an average annual rate of +3.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +104.7% against 2018 indices. The growth pace was the most rapid in 2015 when imports increased by 49%. Over the period under review, imports hit record highs in 2021 and are likely to see gradual growth in the near future.

Imports by Country

In 2021, Australia (X tons) constituted the largest uncooked pasta supplier to Sri Lanka, with a 34% share of total imports. Moreover, uncooked pasta imports from Australia exceeded the figures recorded by the second-largest supplier, Thailand (X tons), twofold. The third position in this ranking was held by the United Arab Emirates (X tons), with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Australia stood at +2.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+8.3% per year) and the United Arab Emirates (+9.5% per year).

In value terms, Australia ($X) constituted the largest supplier of uncooked pasta to Sri Lanka, comprising 42% of total imports. The second position in the ranking was held by Thailand ($X), with a 17% share of total imports. It was followed by Italy, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Australia stood at +2.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+14.3% per year) and Italy (+33.3% per year).

Import Prices by Country

In 2021, the average uncooked pasta import price amounted to $X per ton, increasing by 12% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.1%. The pace of growth appeared the most rapid in 2013 when the average import price increased by 13%. Over the period under review, average import prices hit record highs in 2021 and is expected to retain growth in years to come.

Prices varied noticeably country of origin: 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 Greece (+9.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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