Sri Lanka - Breakfast Cereals - Market Analysis, Forecast, Size, Trends and Insights
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View PricingBreakfast Cereal Price in Sri Lanka - 2021
Contents:
- Breakfast Cereal Price in Sri Lanka (CIF) - 2022
- Breakfast Cereal Price in Sri Lanka (FOB) - 2022
- Breakfast Cereal Imports in Sri Lanka
- Breakfast Cereal Exports in Sri Lanka
Breakfast Cereal Price in Sri Lanka (CIF) - 2022
In 2022, the average breakfast cereal import price amounted to $2,670 per ton, rising by 11% against the previous year. In general, import price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, breakfast cereal import price increased by +43.2% against 2020 indices. The most prominent rate of growth was recorded in 2018 an increase of 39% against the previous year. As a result, import price attained the peak level of $2,697 per ton; afterwards, it flattened through to 2022.
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 Indonesia ($3,268 per ton), while the price for China ($622 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+16.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Breakfast Cereal Price in Sri Lanka (FOB) - 2022
In 2022, the average breakfast cereal export price amounted to $6,233 per ton, surging by 67% against the previous year. In general, the export price continues to indicate moderate growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Maldives ($10,378 per ton), while the average price for exports to Jordan ($1,833 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 Nepal (+21.2%), while the prices for the other major destinations experienced more modest paces of growth.
Breakfast Cereal Imports in Sri Lanka
In 2022, the amount of breakfast cereals imported into Sri Lanka fell remarkably to 592 tons, which is down by -62.6% against the previous year's figure. Over the period under review, imports recorded a abrupt descent. The most prominent rate of growth was recorded in 2021 when imports increased by 105%. As a result, imports reached the peak of 1.6K tons, and then reduced markedly in the following year.
In value terms, breakfast cereal imports contracted sharply to $1.6M in 2022. Overall, imports showed a abrupt contraction. The growth pace was the most rapid in 2021 with an increase of 165% against the previous year. As a result, imports reached the peak of $3.8M, and then reduced remarkably in the following year.
| Import of Breakfast Cereal in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 1,101 | 762 | 2,445 | 1,211 | 3.2% |
| Philippines | 378 | 247 | 633 | 175 | -22.6% |
| Poland | 1.1 | 13.9 | 95.2 | 78.6 | 315.0% |
| Malaysia | 127 | 135 | 280 | 70.4 | -17.9% |
| Thailand | 196 | 106 | 38.1 | 9.5 | -63.5% |
| China | 54.2 | 26.2 | 40.4 | 6.4 | -50.9% |
| Others | 180 | 148 | 281 | 30.0 | -45.0% |
| Total | 2,037 | 1,438 | 3,812 | 1,582 | -8.1% |
Top Suppliers of Breakfast Cereal to Sri Lanka in 2022:
- India (444.0 tons)
- Philippines (57.0 tons)
- Poland (35.6 tons)
- Malaysia (31.2 tons)
- China (10.3 tons)
- Thailand (2.0 tons)
Breakfast Cereal Exports in Sri Lanka
In 2022, shipments abroad of breakfast cereals decreased by -35.5% to 170 tons, falling for the second consecutive year after two years of growth. Over the period under review, exports continue to indicate a deep slump. The pace of growth appeared the most rapid in 2020 when exports increased by 31%. As a result, the exports reached the peak of 270 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, breakfast cereal exports rose sharply to $1.1M in 2022. In general, exports, however, posted a significant expansion. The growth pace was the most rapid in 2020 with an increase of 102%. Over the period under review, the exports attained the peak figure in 2022 and are likely to continue growth in years to come.
| Export of Breakfast Cereal in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Maldives | 79.4 | N/A | 94.9 | 717 | 108.2% |
| South Korea | N/A | N/A | 0.1 | 61.0 | 60900.0% |
| United Kingdom | 2.0 | 4.7 | 10.8 | 51.7 | 195.7% |
| Australia | 5.6 | 9.5 | 15.1 | 51.5 | 109.5% |
| Canada | 21.0 | 69.1 | 30.1 | 46.4 | 30.2% |
| United Arab Emirates | 23.7 | 88.3 | 59.5 | 40.0 | 19.1% |
| Jordan | 1.4 | N/A | 2.8 | 13.0 | 110.2% |
| Oman | 118 | 483 | 375 | 1.3 | -77.7% |
| Nigeria | 12.9 | 26.9 | 33.4 | N/A | 60.9% |
| Nepal | 48.9 | 83.8 | 48.5 | N/A | -0.4% |
| Ghana | 83.9 | N/A | N/A | N/A | 0% |
| Others | 68.7 | 176 | 317 | 80.5 | 5.4% |
| Total | 465 | 941 | 987 | 1,062 | 31.7% |
Top Export Markets for Breakfast Cereal from Sri Lanka in 2022:
- Maldives (69.1 tons)
- United Kingdom (24.8 tons)
- Canada (18.9 tons)
- South Korea (15.0 tons)
- Australia (9.7 tons)
- United Arab Emirates (8.9 tons)
- Jordan (7.1 tons)
- Oman (0.6 tons)
This report provides an in-depth analysis of the breakfast cereal market in Sri Lanka. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 10613351 - Muesli type preparations based on unroasted cereal flakes
- Prodcom 10613355 - Cereals in grain form, precooked or otherwise prepared (excluding maize)
- Prodcom 10613353 - Other prepared foods obtained by the swelling or roasting of cereals
Country coverage:
- Sri Lanka
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Sri Lanka
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
-
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
-
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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