Sri Lanka: Market for Uncooked Pasta (Not Containing Eggs) 2024

Market Size for Uncooked Pasta (Not Containing Eggs) in Sri Lanka

After two years of growth, the Sri Lankan market for uncooked pasta (not containing eggs) decreased by -6.1% to $X in 2021. The market value increased at an average annual rate of +2.1% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market failed to regain momentum.

Production of Uncooked Pasta (Not Containing Eggs) in Sri Lanka

In value terms, uncooked pasta (not containing eggs) production dropped to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.1% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2014 when the production volume increased by 32% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2021, production growth failed to regain momentum.

Exports of Uncooked Pasta (Not Containing Eggs)

Exports from Sri Lanka

In 2021, approx. X tons of uncooked pasta (not containing eggs) were exported from Sri Lanka; with a decrease of -8.7% on the previous year. Over the period under review, exports, however, continue to indicate buoyant growth. The pace of growth was the most pronounced in 2018 with an increase of 122%. As a result, the exports attained the peak of X tons. From 2019 to 2021, the growth of the exports failed to regain momentum.

In value terms, uncooked pasta (not containing eggs) exports shrank to $X in 2021. In general, exports, however, recorded a prominent increase. The pace of growth was the most pronounced in 2014 with an increase of 52%. The exports peaked at $X in 2020, and then reduced in the following year.

Exports by Country

Maldives (X tons) was the main destination for uncooked pasta (not containing eggs) exports from Sri Lanka, with a 45% share of total exports. Moreover, uncooked pasta (not containing eggs) exports to Maldives exceeded the volume sent to the second major destination, Oman (X tons), threefold. The third position in this ranking was held by the UK (X tons), with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Maldives stood at +13.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Oman (+82.2% per year) and the UK (+15.0% per year).

In value terms, Maldives ($X) remains the key foreign market for uncooked pasta (not containing eggs) exports from Sri Lanka, comprising 57% of total exports. The second position in the ranking was held by the UK ($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 growth rate of value to Maldives totaled +18.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+10.2% per year) and Oman (+62.6% per year).

Export Prices by Country

The average export price for uncooked pasta (not containing eggs) stood at $X per ton in 2021, with an increase of 9% against the previous year. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average export price increased by 121% against the previous year. 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 overseas markets. In 2021, amid the top suppliers, 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 (+8.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Uncooked Pasta (Not Containing Eggs)

Imports into Sri Lanka

For the third consecutive year, Sri Lanka recorded growth in purchases abroad of uncooked pasta (not containing eggs), which increased by 24% to X tons in 2021. In general, total imports indicated a tangible expansion from 2012 to 2021: its volume increased at an average annual rate of +2.8% 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 +86.1% against 2018 indices. The pace of growth was the most pronounced in 2015 with an increase of 60% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, uncooked pasta (not containing eggs) imports soared to $X in 2021. Overall, imports saw a prominent increase. The pace of growth was the most pronounced in 2017 when imports increased by 51% against the previous year. Imports peaked in 2021 and are likely to continue growth in years to come.

Imports by Country

In 2021, Australia (X tons) constituted the largest supplier of uncooked pasta (not containing eggs) to Sri Lanka, accounting for a 34% share of total imports. Moreover, uncooked pasta (not containing eggs) imports from Australia exceeded the figures recorded by the second-largest supplier, Thailand (X tons), twofold. The United Arab Emirates (X tons) ranked third in terms of total imports with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Australia amounted to +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 (+10.0% per year).

In value terms, Australia ($X) constituted the largest supplier of uncooked pasta (not containing eggs) to Sri Lanka, comprising 42% of total imports. The second position in the ranking was held by Thailand ($X), with an 18% share of total imports. It was followed by Italy, with a 13% share.

From 2012 to 2021, the average annual growth rate of value from Australia totaled +2.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+14.3% per year) and Italy (+35.6% per year).

Import Prices by Country

In 2021, the average import price for uncooked pasta (not containing eggs) amounted to $X per ton, with an increase of 13% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.5%. The most prominent rate of growth was recorded in 2013 when the average import price increased by 16% against the previous year. The import price peaked in 2021 and is expected to retain growth in the near future.

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 Greece (+9.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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