Price for Buckwheat, Millet and Canary Seed; Other Cereals in Sri Lanka - 2022
Contents:
- Price for Buckwheat, Millet and Canary Seed; Other Cereals in Sri Lanka (CIF) - 2022
- Price for Buckwheat, Millet and Canary Seed; Other Cereals in Sri Lanka (FOB) - 2022
- Imports of Buckwheat, Millet and Canary Seed; Other Cereals in Sri Lanka
- Exports of Buckwheat, Millet and Canary Seed; Other Cereals in Sri Lanka
Price for Buckwheat, Millet and Canary Seed; Other Cereals in Sri Lanka (CIF) - 2022
The average import price for buckwheat, millet and canary seed; other cerealses stood at $493 per ton in 2022, surging by 8.2% against the previous year. In general, import price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +3.8% 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 buckwheat, millet and canary seed; other cerealses decreased by +0.8% against 2019 indices. The most prominent rate of growth was recorded in 2017 when the average import price increased by 48% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see gradual growth in the near future.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Canada ($542 per ton) and India ($510 per ton), while the price for Ukraine ($392 per ton) and China ($485 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+5.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Buckwheat, Millet and Canary Seed; Other Cereals in Sri Lanka (FOB) - 2022
In 2022, the average export price for buckwheat, millet and canary seed; other cerealses amounted to $1,997 per ton, reducing by -6.8% against the previous year. In general, the export price continues to indicate a mild decrease. The growth pace was the most rapid in 2016 when the average export price increased by 29% against the previous year. Over the period under review, the average export prices reached the maximum at $2,414 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($4,168 per ton), while the average price for exports to India ($428 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 the United Arab Emirates (+13.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Buckwheat, Millet and Canary Seed; Other Cereals in Sri Lanka
In 2022, the amount of buckwheat, millet and canary seed; other cerealses imported into Sri Lanka contracted markedly to 161 tons, with a decrease of -84.9% against the previous year. Overall, imports showed a precipitous decrease. The smallest decline of -42.9% was in 2021.
In value terms, imports of buckwheat, millet and canary seed; other cerealses reduced dramatically to $80K in 2022. In general, imports showed a precipitous setback. The smallest decline of -41.6% was in 2021.
| Import of Buckwheat, Millet and Canary Seed; Other Cereals in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 27.9 | 16.4 | 66.5 | 41.0 | 13.7% |
| Ukraine | 69.8 | 163 | 234 | 17.1 | -37.4% |
| China | 270 | 23.8 | 3.7 | 11.1 | -65.5% |
| India | 2,194 | 550 | 117 | 9.6 | -83.6% |
| Russia | 100 | 18.2 | N/A | N/A | -81.8% |
| United States | 246 | 43.5 | 0.2 | N/A | -97.1% |
| Others | 24.5 | 16.9 | 63.8 | 0.7 | -69.4% |
| Total | 2,933 | 831 | 486 | 79.5 | -70.0% |
Top Suppliers of Buckwheat, Millet and Canary Seed; Other Cereals to Sri Lanka in 2022:
- Canada (75.7 tons)
- Ukraine (43.7 tons)
- China (22.9 tons)
- India (18.8 tons)
Exports of Buckwheat, Millet and Canary Seed; Other Cereals in Sri Lanka
In 2022, after three years of growth, there was significant decline in shipments abroad of buckwheat, millet and canary seed; other cerealses, when their volume decreased by -58.9% to 16 tons. In general, exports, however, showed buoyant growth. The most prominent rate of growth was recorded in 2020 with an increase of 103% against the previous year.
In value terms, exports of buckwheat, millet and canary seed; other cerealses dropped significantly to $32K in 2022. Overall, exports, however, showed a buoyant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 146% against the previous year. As a result, the exports attained the peak of $83K, and then declined dramatically in the following year.
| Export of Buckwheat, Millet and Canary Seed; Other Cereals in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 6.4 | 14.6 | 18.6 | 10.6 | 18.3% |
| Japan | 0.3 | 1.4 | 25.4 | 8.5 | 204.9% |
| United Kingdom | 0.8 | 1.8 | 5.5 | 4.9 | 83.0% |
| India | N/A | N/A | 0.2 | 2.1 | 950.0% |
| Kuwait | 0.3 | 1.1 | 0.7 | 1.0 | 49.4% |
| Canada | N/A | 0.1 | 1.6 | 0.7 | 164.6% |
| Maldives | 1.7 | 0.8 | 0.7 | 0.6 | -29.3% |
| New Zealand | N/A | 2.5 | 1.9 | 0.5 | -55.3% |
| Lebanon | 2.1 | 0.6 | 0.4 | 0.4 | -42.5% |
| Italy | 3.8 | 5.2 | 10.6 | 0.3 | -57.1% |
| France | N/A | N/A | 4.4 | N/A | 0% |
| Others | 5.6 | 5.6 | 12.8 | 2.1 | -27.9% |
| Total | 21.1 | 33.6 | 82.8 | 31.7 | 14.5% |
Top Export Markets for Buckwheat, Millet and Canary Seed; Other Cereals from Sri Lanka in 2022:
- India (5.0 tons)
- Australia (4.5 tons)
- Japan (2.0 tons)
- United Kingdom (1.4 tons)
- Kuwait (0.7 tons)
- Canada (0.4 tons)
- Maldives (0.4 tons)
- Italy (0.2 tons)
- Lebanon (0.1 tons)
- New Zealand (0.1 tons)
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