Sri Lanka: Uncooked Pasta Market 2024

Uncooked Pasta Market Size in Sri Lanka

In 2021, after two years of growth, there was decline in the Sri Lankan uncooked pasta market, when its value decreased by -4.8% to $X. The market value increased at an average annual rate of +1.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market remained at a lower figure.

Uncooked Pasta Production in Sri Lanka

In value terms, uncooked pasta production dropped slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 with an increase of 46%. As a result, production reached the peak level of $X. From 2018 to 2021, production growth remained at a lower figure.

Uncooked Pasta Exports

Exports from Sri Lanka

In 2021, overseas shipments of uncooked pasta (containing eggs) decreased by -12.9% to X tons, falling for the third consecutive year after five years of growth. In general, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 98% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, uncooked pasta exports shrank remarkably to $X in 2021. Over the period under review, exports showed a noticeable contraction. The growth pace was the most rapid in 2015 with an increase of 79% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Kuwait (X tons), Qatar (X tons) and the United Arab Emirates (X tons) were the main destinations of uncooked pasta exports from Sri Lanka, with a combined 49% share of total exports. These countries were followed by Italy, Canada, New Zealand, Oman, the UK and Australia, which together accounted for a further 36%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by New Zealand (with a CAGR of +32.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for uncooked pasta exported from Sri Lanka were the United Arab Emirates ($X), Kuwait ($X) and Qatar ($X), with a combined 51% share of total exports. These countries were followed by Canada, Italy, Oman, New Zealand, Australia and the UK, which together accounted for a further 26%.

In terms of the main countries of destination, Oman, with a CAGR of +25.5%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average uncooked pasta export price amounted to $X per ton, shrinking by -6% against the previous year. In general, the export price recorded a noticeable slump. The most prominent rate of growth was recorded in 2017 when the average export price increased by 56%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Australia ($X per ton), while the average price for exports to New Zealand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+5.4%), while the prices for the other major destinations experienced mixed trend patterns.

Uncooked Pasta Imports

Imports into Sri Lanka

In 2021, approx. X tons of uncooked pasta (containing eggs) were imported into Sri Lanka; reducing by -30.1% against the previous year's figure. Overall, imports saw a sharp decline. The pace of growth appeared the most rapid in 2015 when imports increased by 261%. As a result, imports attained the peak of X tons. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, uncooked pasta imports contracted markedly to $X in 2021. Over the period under review, imports saw a abrupt slump. The most prominent rate of growth was recorded in 2015 when imports increased by 179% against the previous year. As a result, imports attained the peak of $X. From 2016 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, the United Arab Emirates (X tons) constituted the largest supplier of uncooked pasta to Sri Lanka, with a 81% share of total imports. Moreover, uncooked pasta imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Singapore (X kg), more than tenfold. Indonesia (X kg) ranked third in terms of total imports with a 4.1% share.

From 2012 to 2021, the average annual growth rate of volume from the United Arab Emirates totaled -20.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (-27.2% per year) and Indonesia (-25.3% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of uncooked pasta (containing eggs) to Sri Lanka, comprising 81% of total imports. The second position in the ranking was held by Singapore ($X), with a 6.6% share of total imports. It was followed by Indonesia, with a 2.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United Arab Emirates amounted to -16.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (-31.8% per year) and Indonesia (-27.2% per year).

Import Prices by Country

In 2021, the average uncooked pasta import price amounted to $X per ton, surging by 5.1% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.0%. The growth pace was the most rapid in 2019 when the average import price increased by 33%. The import price peaked at $X per ton in 2017; afterwards, it flattened through to 2021.

Prices varied noticeably country of origin: the country with the highest price was Singapore ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+4.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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