Price for Cereal Groats; Meal and Pellets in Sri Lanka - 2021

Price for Cereal Groats; Meal and Pellets in Sri Lanka (FOB) - 2022

In 2022, the average export price for cereal groats; meal and pelletses amounted to $1,701 per ton, rising by 37% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. Over the period under review, the average export prices attained the maximum at $1,926 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Maldives ($2,125 per ton), while the average price for exports to Denmark ($1,339 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 Maldives (+1.4%), while the prices for the other major destinations experienced mixed trend patterns.

Price for Cereal Groats; Meal and Pellets in Sri Lanka (CIF) - 2022

The average import price for cereal groats; meal and pelletses stood at $549 per ton in 2022, picking up by 18% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.0%. The pace of growth appeared the most rapid in 2021 an increase of 28%. Over the period under review, average import prices reached the peak figure in 2022 and is likely to see steady growth in years to come.

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 Pakistan amounted to +17.0% per year.

Exports of Cereal Groats; Meal and Pellets in Sri Lanka

In 2022, the amount of cereal groats; meal and pelletses exported from Sri Lanka shrank remarkably to 2.4 tons, dropping by -72.2% against the year before. In general, exports continue to indicate a significant decrease. The smallest decline of -17.2% was in 2020.

In value terms, cereal groats; meal and pellets exports dropped dramatically to $4.1K in 2022. Over the period under review, exports saw a significant contraction. The smallest decline of -38.2% was in 2021.

Export of Cereal Groats; Meal and Pellets in Sri Lanka (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Italy	N/A	N/A	N/A	1.9	0%
Norway	2.7	0.1	0.3	1.1	-25.9%
Denmark	3.3	0.7	0.4	0.8	-37.6%
Australia	N/A	N/A	N/A	0.2	0%
Malaysia	N/A	15.4	N/A	N/A	0%
United Kingdom	4.0	0.3	0.2	N/A	-77.6%
France	4.0	0.2	0.8	N/A	-55.3%
Lebanon	8.8	0.2	0.5	N/A	-76.2%
Qatar	N/A	N/A	5.2	N/A	0%
Pakistan	N/A	N/A	1.3	N/A	0%
Others	5.2	0.2	1.9	N/A	-39.6%
Total	27.9	17.2	10.6	4.1	-47.2%

Top Export Markets for Cereal Groats; Meal and Pellets from Sri Lanka in 2022:

Italy (1020.0 kg)
Denmark (620.0 kg)
Norway (600.0 kg)
Australia (128.0 kg)

Imports of Cereal Groats; Meal and Pellets in Sri Lanka

After two years of decline, purchases abroad of cereal groats; meal and pelletses increased by 306% to 327 tons in 2022. In general, imports, however, recorded a sharp decrease.

In value terms, cereal groats; meal and pellets imports skyrocketed to $180K in 2022. Over the period under review, imports, however, continue to indicate a dramatic descent.