Price for Flours and Meals; of Soya Beans in Sri Lanka - 2022
Contents:
- Price for Flours and Meals; of Soya Beans in Sri Lanka (CIF) - 2022
- Price for Flours and Meals; of Soya Beans in Sri Lanka (FOB) - 2022
- Imports of Flours and Meals; of Soya Beans in Sri Lanka
- Exports of Flours and Meals; of Soya Beans in Sri Lanka
Price for Flours and Meals; of Soya Beans in Sri Lanka (CIF) - 2022
In 2022, the average import price for flours and meals; of soya beanses amounted to $1,358 per ton, jumping by 198% against the previous year. In general, the import price saw a buoyant expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
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 India amounted to +6.1% per year.
Price for Flours and Meals; of Soya Beans in Sri Lanka (FOB) - 2022
The average export price for flours and meals; of soya beanses stood at $4,063 per ton in 2022, growing by 46% against the previous year. Overall, export price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of +7.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Oman ($5,421 per ton), while the average price for exports to the United Arab Emirates ($3,200 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 Oman (+45.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Flours and Meals; of Soya Beans in Sri Lanka
For the third consecutive year, Sri Lanka recorded decline in overseas purchases of flours and meals; of soya beanses, which decreased by -98.5% to 80 tons in 2022. Overall, imports recorded a dramatic slump. The smallest decline of -46.3% was in 2021.
In value terms, imports of flours and meals; of soya beanses reduced remarkably to $108K in 2022. Over the period under review, imports continue to indicate a sharp decline. The smallest decline of -37.8% was in 2021.
| Import of Flours and Meals; of Soya Beans in Sri Lanka (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | N/A | N/A | N/A | 0.1 | 0% |
| Malaysia | 5.5 | 1.4 | 1.6 | N/A | -46.1% |
| United States | 8.3 | 2.5 | 0.8 | N/A | -69.0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 13.9 | 4.0 | 2.5 | 0.1 | -80.7% |
Top Suppliers of Flours and Meals; of Soya Beans to Sri Lanka in 2022:
- India (79.5 tons)
Exports of Flours and Meals; of Soya Beans in Sri Lanka
In 2022, approx. 1.1 tons of flours and meals; of soya beanses were exported from Sri Lanka; dropping by -72.5% on 2021 figures. Over the period under review, exports faced a precipitous decline. The smallest decline of -39.9% was in 2020.
In value terms, exports of flours and meals; of soya beanses shrank remarkably to $4.6K in 2022. Overall, exports showed a significant decrease. The smallest decline of -44.8% was in 2020.
| Export of Flours and Meals; of Soya Beans in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 1.6 | 2.9 | 1.4 | 1.5 | -2.1% |
| South Korea | N/A | N/A | N/A | 1.4 | 0% |
| Maldives | 0.5 | 0.1 | 0.1 | 0.6 | 6.3% |
| Australia | 0.3 | 0.2 | 0.1 | 0.5 | 18.6% |
| Seychelles | 0.1 | N/A | N/A | 0.4 | 58.7% |
| Oman | N/A | N/A | 0.1 | 0.1 | 0.0% |
| Hong Kong SAR | N/A | N/A | N/A | 0.1 | 0% |
| Netherlands | 9.2 | 7.8 | 1.3 | N/A | -62.4% |
| United Kingdom | 27.3 | 12.2 | 2.8 | N/A | -68.0% |
| France | 3.0 | 1.9 | 0.6 | N/A | -55.3% |
| Qatar | 10.8 | 3.8 | 1.1 | N/A | -68.1% |
| United States | 9.2 | 6.4 | 2.4 | N/A | -48.9% |
| Canada | 14.7 | 5.6 | 0.5 | N/A | -81.6% |
| Others | 5.0 | 4.2 | 1.1 | 0.1 | -72.9% |
| Total | 81.7 | 45.1 | 11.5 | 4.6 | -61.7% |
Top Export Markets for Flours and Meals; of Soya Beans from Sri Lanka in 2022:
- United Arab Emirates (455.0 kg)
- South Korea (310.0 kg)
- Maldives (114.0 kg)
- Australia (109.0 kg)
- Seychelles (100.0 kg)
- Hong Kong SAR (20.0 kg)
- Oman (19.0 kg)
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Global Oilseeds Meals Market Report 2018. This report provides an in-depth analysis of the global oilseeds meals market.
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Global Oilseeds Meals Market Report 2018. This report provides an in-depth analysis of the global oilseeds meals market.
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