Price for Cereal Groats and Meal; of Maize (Corn) in Sri Lanka - 2022
Contents:
- Price for Cereal Groats and Meal; of Maize (Corn) in Sri Lanka (CIF) - 2022
- Price for Cereal Groats and Meal; of Maize (Corn) in Sri Lanka (FOB) - 2022
- Imports of Cereal Groats and Meal; of Maize (Corn) in Sri Lanka
- Exports of Cereal Groats and Meal; of Maize (Corn) in Sri Lanka
Price for Cereal Groats and Meal; of Maize (Corn) in Sri Lanka (CIF) - 2022
In 2022, the average import price for cereal groats and meal; of maize (corn)s amounted to $551 per ton, with an increase of 20% against the previous year. In general, import price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for cereal groats and meal; of maize (corn)s increased by +84.8% against 2016 indices. The pace of growth was the most pronounced in 2021 when the average import price increased by 26% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.
As there is only one major supplying country, the average price level is determined by prices for India.
From 2012 to 2022, the rate of growth in terms of prices for India amounted to +2.4% per year.
Price for Cereal Groats and Meal; of Maize (Corn) in Sri Lanka (FOB) - 2022
The average export price for cereal groats and meal; of maize (corn)s stood at $766 per ton in 2022, with an increase of 28% against the previous year. In general, the export price continues to indicate a modest expansion. The most prominent rate of growth was recorded in 2021 an increase of 87% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for Maldives.
From 2012 to 2022, the rate of growth in terms of prices for France amounted to +19.8% per year.
Imports of Cereal Groats and Meal; of Maize (Corn) in Sri Lanka
For the third year in a row, Sri Lanka recorded decline in purchases abroad of cereal groats and meal; of maize (corn)s, which decreased by -10.2% to 322 tons in 2022. Overall, imports recorded a dramatic slump.
In value terms, imports of cereal groats and meal; of maize (corn)s reached $178K in 2022. In general, imports showed a sharp setback. The pace of growth appeared the most rapid in 2021 when imports increased by 8.9% against the previous year.
| Import of Cereal Groats and Meal; of Maize (Corn) in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 252 | 68.1 | 69.2 | 178 | -10.9% |
| Germany | 2.7 | 1.4 | 1.1 | N/A | -36.2% |
| United Arab Emirates | 53.6 | 44.2 | 53.0 | N/A | -0.6% |
| Bangladesh | 6.7 | 4.5 | 4.4 | N/A | -19.0% |
| Italy | 42.3 | 32.5 | 36.4 | N/A | -7.2% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 357 | 151 | 164 | 178 | -20.7% |
Top Suppliers of Cereal Groats and Meal; of Maize (Corn) to Sri Lanka in 2022:
- India (322.0 tons)
Exports of Cereal Groats and Meal; of Maize (Corn) in Sri Lanka
In 2022, exports of cereal groats and meal; of maize (corn)s from Sri Lanka fell rapidly to 47 kg, which is down by -50.5% compared with 2021 figures. Overall, exports faced a significant decrease. The smallest decline of -20.2% was in 2020.
In value terms, exports of cereal groats and meal; of maize (corn)s dropped rapidly to $36 in 2022. Over the period under review, exports faced a dramatic contraction. The smallest decline of -27.6% was in 2020.
| Export of Cereal Groats and Meal; of Maize (Corn) in Sri Lanka (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Maldives | 70.0 | 59.0 | 1.0 | 36.0 | -19.9% |
| Norway | 66.0 | 38.0 | 11.0 | N/A | -59.2% |
| France | N/A | N/A | 21.0 | N/A | 0% |
| Canada | 7.0 | 8.0 | 2.0 | N/A | -46.5% |
| Others | 2.0 | N/A | 22.0 | N/A | 231.7% |
| Total | 145 | 105 | 57.0 | 36.0 | -37.1% |
Top Export Markets for Cereal Groats and Meal; of Maize (Corn) from Sri Lanka in 2022:
- Maldives (47.0 kg)
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