Sri Lanka - Milk - Market Analysis, Forecast, Size, Trends and Insights
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View PricingMilk Price in Sri Lanka - 2021
Contents:
- Milk Price in Sri Lanka (FOB) - 2022
- Milk Price in Sri Lanka (CIF) - 2022
- Milk Exports in Sri Lanka
- Milk Imports in Sri Lanka
Milk Price in Sri Lanka (FOB) - 2022
In 2022, the average milk export price amounted to $1,983 per ton, increasing by 90% against the previous year. Overall, the export price showed a strong expansion. Over the period under review, the average export prices hit record highs at $2,351 per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mauritius ($9,810 per ton), while the average price for exports to Maldives stood at $1,197 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mauritius (+888.9%).
Milk Price in Sri Lanka (CIF) - 2022
The average milk import price stood at $866 per ton in 2022, rising by 3.4% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 10% against the previous year. The import price peaked at $942 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United Arab Emirates ($2,467 per ton), while the price for Ireland ($765 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+20.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Milk Exports in Sri Lanka
In 2022, overseas shipments of milk decreased by -60.4% to 73 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 1,845%. As a result, the exports attained the peak of 185 tons, and then reduced markedly in the following year.
In value terms, milk exports fell sharply to $146K in 2022. In general, exports, however, saw a significant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 1,195% against the previous year. As a result, the exports reached the peak of $193K, and then dropped remarkably in the following year.
| Export of Milk in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Maldives | 8.4 | 7.3 | 54.9 | 79.7 | 111.7% |
| Mauritius | N/A | N/A | 97.7 | 65.7 | -32.8% |
| Germany | 0.5 | 0.4 | 0.8 | N/A | 26.5% |
| United Arab Emirates | N/A | N/A | 19.1 | N/A | 0% |
| Saudi Arabia | 7.5 | 5.1 | 10.8 | N/A | 20.0% |
| Others | 1.5 | 2.1 | 9.9 | N/A | 156.9% |
| Total | 18.0 | 14.9 | 193 | 146 | 100.9% |
Top Export Markets for Milk from Sri Lanka in 2022:
- Maldives (66.6 tons)
- Mauritius (6.7 tons)
Milk Imports in Sri Lanka
In 2022, after two years of decline, there was significant growth in supplies from abroad of milk, when their volume increased by 351% to 244 tons. In general, imports, however, saw a sharp descent.
In value terms, milk imports surged to $211K in 2022. Over the period under review, imports, however, recorded a abrupt curtailment.
| Import of Milk in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 120 | 30.6 | 3.9 | 98.9 | -6.2% |
| Ireland | 109 | 28.9 | 2.1 | 86.2 | -7.5% |
| United Arab Emirates | 0.2 | 0.1 | 0.1 | 14.7 | 318.9% |
| New Zealand | 39.0 | 35.2 | 14.2 | N/A | -39.7% |
| Japan | 56.4 | 23.2 | 12.2 | N/A | -53.5% |
| Malaysia | 12.4 | 1.3 | 0.9 | N/A | -73.1% |
| Iran | 33.0 | 16.8 | 10.9 | N/A | -42.5% |
| Others | 21.6 | 4.8 | 1.0 | 11.3 | -19.4% |
| Total | 392 | 141 | 45.3 | 211 | -18.7% |
Top Suppliers of Milk to Sri Lanka in 2022:
- United Kingdom (120.5 tons)
- Ireland (112.8 tons)
- United Arab Emirates (6.0 tons)
This report provides an in-depth analysis of the milk 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:
- FCL 1130 - Camel milk
- FCL 882 - Cow milk, whole (fresh)
- FCL 1020 - Goat milk
- FCL 982 - Sheep milk
- FCL 951 - Buffalo milk
- FCL 888 - Skim Milk of Cows
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.
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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
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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
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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
- COUNTRIES WITH TOP YIELDS
- 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, PRODUCING ANIMALS AND YIELD
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
- Yield 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
- Producing Animals Slaughtered, 2012–2023
- Yield, 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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This report provides an in-depth analysis of the milk market in Sri Lanka.
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This report provides an in-depth analysis of the skim milk market in Sri Lanka.
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This report provides an in-depth analysis of the whole fresh milk market in Sri Lanka.
3779
This report provides an in-depth analysis of the global milk market.
556
This report provides an in-depth analysis of the global skim milk market.
559
This report provides an in-depth analysis of the global cream fresh market.
1070
This report provides an in-depth analysis of the global whole fresh milk market.
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This report provides an in-depth analysis of the cream market in Sri Lanka.
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This report provides an in-depth analysis of the milk market in Sri Lanka.
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Explore the top import markets for milk based on the data provided by the IndexBox platform. Discover the countries with the highest import values for milk in 2022.
262
From the shift towards plant-based alternatives to the growing demand for organic and sustainable milk products, the milk market is undergoing significant changes.
565
The global milk market reduced to $778.1B in 2021, remaining constant against the previous year.
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Driven by increasing demand worldwide, the milk market is forecast to expand with an anticipated CAGR of +1.7% for the period from 2020 to 2030, which is projected to bring the market volume to 1.2B tons by the end of 2030.
1384
Germany dominated in the global milk trade in 2014. In 2014, Germany exported X thousand tons of milk totaling X million USD, X% over the previous year. Its primary trading partner was Italy, where it supplied X% of its total milk exports in
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The global whole fresh milk market is estimated at $798.4B in 2018, an increase of 1.7% from 2017.
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Global cream fresh consumption amounted to X thousand tons in 2015, going up by +X% against the previous year level.
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Global cream fresh imports amounted to X thousand tons in 2015, standing approx. at the previous year level.
