Report Update Nov 1, 2024

Sri Lanka - Animal or Vegetable Fats and Oils Chemically Modified - Market Analysis, Forecast, Size, Trends and Insights

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Sri Lanka: Chemically Modified Oils Market 2024

Chemically Modified Oils Market Size in Sri Lanka

In 2022, after three years of growth, there was significant decline in the Sri Lankan chemically modified oils market, when its value decreased by -58.6% to $X. Overall, consumption recorded a noticeable slump. Over the period under review, the market attained the peak level at $X in 2021, and then declined sharply in the following year.

Chemically Modified Oils Exports

Exports from Sri Lanka

Chemically modified oils exports from Sri Lanka soared to X tons in 2022, with an increase of 309% against the previous year. Overall, exports continue to indicate a resilient increase. The pace of growth appeared the most rapid in 2020 with an increase of 466%. As a result, the exports reached the peak of X tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, chemically modified oils exports skyrocketed to $X in 2022. Over the period under review, exports recorded significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Malaysia (X tons) was the main destination for chemically modified oils exports from Sri Lanka, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Malaysia stood at +47.1%.

In value terms, Malaysia ($X) emerged as the key foreign market for animal or vegetable fats and oils chemically modified exports from Sri Lanka.

From 2012 to 2022, the average annual rate of growth in terms of value to Malaysia amounted to +37.5%.

Export Prices by Country

The average chemically modified oils export price stood at $X per ton in 2022, surging by 235% against the previous year. In general, the export price saw a strong increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Malaysia.

From 2012 to 2022, the rate of growth in terms of prices for Afghanistan amounted to -5.4% per year.

Chemically Modified Oils Imports

Imports into Sri Lanka

In 2022, supplies from abroad of animal or vegetable fats and oils chemically modified decreased by -59.2% to X tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports saw a pronounced descent. The most prominent rate of growth was recorded in 2017 with an increase of 174% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, chemically modified oils imports plummeted to $X in 2022. In general, imports saw a noticeable decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 230%. As a result, imports attained the peak of $X, and then fell significantly in the following year.

Imports by Country

In 2022, Malaysia (X tons) constituted the largest chemically modified oils supplier to Sri Lanka, accounting for a 72% share of total imports. Moreover, chemically modified oils imports from Malaysia exceeded the figures recorded by the second-largest supplier, Saudi Arabia (X tons), fivefold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Malaysia totaled -7.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (+3.4% per year) and Ukraine (+322.5% per year).

In value terms, Malaysia ($X) constituted the largest supplier of animal or vegetable fats and oils chemically modified to Sri Lanka, comprising 82% of total imports. The second position in the ranking was held by Ukraine ($X), with a 9.3% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Malaysia stood at -3.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Ukraine (+407.9% per year) and Saudi Arabia (+3.6% per year).

Import Prices by Country

The average chemically modified oils import price stood at $X per ton in 2022, with an increase of 3.2% against the previous year. In general, import price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, chemically modified oils import price increased by +89.2% against 2019 indices. The pace of growth appeared the most rapid in 2021 when the average import price increased by 55% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Malaysia ($X per ton), while the price for Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (+20.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for animal or vegetable fats and oils chemically modified in the world?

China remains the largest chemically modified oils consuming country worldwide, accounting for 15% of total volume. Moreover, chemically modified oils consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. The third position in this ranking was occupied by India, with a 5.8% share.

What are the largest producers of animal or vegetable fats and oils chemically modified in the world?

China remains the largest chemically modified oils producing country worldwide, accounting for 21% of total volume. Moreover, chemically modified oils production in China exceeded the figures recorded by the second-largest producer, the United States, twofold. India ranked third in terms of total production with a 6.4% share.

What are the leading suppliers of animal or vegetable fats and oils chemically modified to Sri Lanka?

In value terms, Malaysia constituted the largest supplier of chemically modified oils to Sri Lanka, comprising 97% of total imports. The second position in the ranking was occupied by Thailand, with a 1.5% share of total imports.

What are the leading importers of animal or vegetable fats and oils chemically modified from Sri Lanka?

In value terms, the largest markets for chemically modified oils exported from Sri Lanka were Malaysia and Afghanistan.

What is the average export price for animal or vegetable fats and oils chemically modified in Sri Lanka?

The average chemically modified oils export price stood at $1,545 per ton in 2021, with an increase of 22% against the previous year.

What is the average import price for animal or vegetable fats and oils chemically modified in Sri Lanka?

In 2021, the average chemically modified oils import price amounted to $703 per ton, falling by -7.2% against the previous year.

This report provides an in-depth analysis of the chemically modified oils 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 20592000 - Animal or vegetable fats and oils chemically modified

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
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. 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
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. 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
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023