Starches; Inulin Price in Sri Lanka - 2021
Contents:
- Starches; Inulin Price in Sri Lanka (CIF) - 2022
- Starches; Inulin Price in Sri Lanka (FOB) - 2022
- Starches; Inulin Imports in Sri Lanka
- Starches; Inulin Exports in Sri Lanka
Starches; Inulin Price in Sri Lanka (CIF) - 2022
The average starches; inulin import price stood at $580 per ton in 2022, increasing by 40% against the previous year. Over the last decade, it increased at an average annual rate of +1.8%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($1,453 per ton), while the price for Italy ($348 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+8.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Starches; Inulin Price in Sri Lanka (FOB) - 2022
The average starches; inulin export price stood at $503 per ton in 2022, picking up by 2.2% against the previous year. Overall, the export price, however, saw a noticeable shrinkage. The growth pace was the most rapid in 2013 when the average export price increased by 26% against the previous year. As a result, the export price attained the peak level of $996 per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Qatar ($1,068 per ton), while the average price for exports to the United Arab Emirates ($391 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 Bangladesh (+7.4%), while the prices for the other major destinations experienced more modest paces of growth.
Starches; Inulin Imports in Sri Lanka
In 2022, approx. 14K tons of starches; inulins were imported into Sri Lanka; dropping by -30.1% compared with 2021 figures. Over the period under review, imports showed a perceptible curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by 25%. As a result, imports reached the peak of 19K tons, and then reduced remarkably in the following year.
In value terms, starches; inulin imports shrank slightly to $7.9M in 2022. The total import value increased at an average annual rate of +7.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 39% against the previous year. As a result, imports reached the peak of $8M, and then declined slightly in the following year.
| Import of Starches; Inulin in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 3,260 | 2,677 | 4,779 | 5,177 | 16.7% |
| Turkey | 938 | 1,031 | 1,110 | 1,122 | 6.2% |
| Thailand | 743 | 790 | 679 | 553 | -9.4% |
| Pakistan | 230 | 117 | 178 | 256 | 3.6% |
| Indonesia | 165 | 128 | 275 | 226 | 11.1% |
| South Africa | 185 | 186 | 120 | 192 | 1.2% |
| China | 512 | 540 | 534 | 27.6 | -62.2% |
| Others | 388 | 320 | 374 | 305 | -7.7% |
| Total | 6,420 | 5,788 | 8,049 | 7,857 | 7.0% |
Top Suppliers of Starches; Inulin to Sri Lanka in 2022:
- India (9.5K tons)
- Turkey (1.7K tons)
- Thailand (0.8K tons)
- Pakistan (0.5K tons)
- Indonesia (0.4K tons)
- South Africa (0.3K tons)
- China (0.1K tons)
Starches; Inulin Exports in Sri Lanka
In 2022, after three years of growth, there was significant decline in shipments abroad of starches; inulins, when their volume decreased by -17.4% to 263 tons. In general, exports, however, posted a significant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 390%.
In value terms, starches; inulin exports declined dramatically to $132K in 2022. Overall, exports, however, continue to indicate a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 281% against the previous year.
| Export of Starches; Inulin in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 10.0 | 36.5 | 118 | 88.6 | 106.9% |
| Maldives | 0.2 | 0.6 | 0.7 | 22.9 | 385.6% |
| Senegal | N/A | 15.0 | N/A | N/A | 0% |
| Others | 9.5 | 22.8 | 37.9 | 20.9 | 30.1% |
| Total | 19.7 | 74.8 | 157 | 132 | 88.5% |
Top Export Markets for Starches; Inulin from Sri Lanka in 2022:
- United Arab Emirates (226.9 tons)
- Maldives (27.4 tons)
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