Price for Flour, Meal, and Flakes of Potatoes in Sri Lanka - 2022

Contents:

1. Price for Flour, Meal, and Flakes of Potatoes in Sri Lanka (CIF) - 2022
2. Price for Flour, Meal, and Flakes of Potatoes in Sri Lanka (FOB) - 2022
3. Imports of Flour, Meal, and Flakes of Potatoes in Sri Lanka
4. Exports of Flour, Meal, and Flakes of Potatoes in Sri Lanka

Price for Flour, Meal, and Flakes of Potatoes in Sri Lanka (CIF) - 2022

The average import price for flour, meal, and flakes of potatoeses stood at $2,308 per ton in 2022, increasing by 54% against the previous year. Over the period under review, the import price recorded a buoyant expansion. 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 Belgium ($2,779 per ton), while the price for the UK ($910 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+25.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Flour, Meal, and Flakes of Potatoes in Sri Lanka (FOB) - 2022

The average export price for flour, meal, and flakes of potatoeses stood at $2,858 per ton in 2022, jumping by 15% against the previous year. Over the period under review, the export price posted moderate growth. The most prominent rate of growth was recorded in 2021 when the average export price increased by 98% against the previous year. The export price peaked at $2,904 per ton in 2014; afterwards, it flattened through to 2022.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Maldives ($3,589 per ton), while the average price for exports to Qatar ($1,300 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 Switzerland (+13.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Flour, Meal, and Flakes of Potatoes in Sri Lanka

After three years of growth, purchases abroad of flour, meal, and flakes of potatoeses decreased by -24.2% to 376 tons in 2022. In general, imports recorded a deep reduction. The most prominent rate of growth was recorded in 2021 with an increase of 6.5% against the previous year. As a result, imports attained the peak of 496 tons, and then fell sharply in the following year.

In value terms, imports of flour, meal, and flakes of potatoeses soared to $868K in 2022. Overall, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +16.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +56.6% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 34%. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in years to come.

Top Suppliers of Flour, Meal, and Flakes of Potatoes to Sri Lanka in 2022:

1. Netherlands (203.3 tons)
2. India (118.0 tons)
3. Belgium (49.5 tons)
4. China (5.0 tons)
5. United Kingdom (0.1 tons)

Exports of Flour, Meal, and Flakes of Potatoes in Sri Lanka

In 2022, shipments abroad of flour, meal, and flakes of potatoeses decreased by -71.2% to 1.3 tons, falling for the second consecutive year after two years of growth. Over the period under review, exports faced a sharp shrinkage. The growth pace was the most rapid in 2020 with an increase of 103%. As a result, the exports reached the peak of 12 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of flour, meal, and flakes of potatoeses reduced notably to $3.7K in 2022. In general, exports recorded a dramatic decrease. The most prominent rate of growth was recorded in 2020 with an increase of 39% against the previous year. As a result, the exports reached the peak of $15K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

Top Export Markets for Flour, Meal, and Flakes of Potatoes from Sri Lanka in 2022:

1. Maldives (727.0 kg)
2. Hong Kong SAR (220.0 kg)
3. Japan (104.0 kg)
4. Qatar (70.0 kg)
5. Oman (70.0 kg)
6. Kuwait (58.0 kg)
7. Bahrain (44.0 kg)
8. United Kingdom (3.0 kg)
9. France (1.0 kg)

Source: IndexBox Market Intelligence Platform