Sri Lanka: Butter And Ghee Market 2025

Butter And Ghee Market Size in Sri Lanka

The Sri Lankan butter and ghee market reduced remarkably to $X in 2022, waning by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption recorded a abrupt slump. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market remained at a lower figure.

Butter And Ghee Exports

Exports from Sri Lanka

For the fourth year in a row, Sri Lanka recorded growth in overseas shipments of butter and ghee, which increased by X% to X tons in 2022. Overall, exports saw a significant expansion. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to see steady growth in the near future.

In value terms, butter and ghee exports soared to $X in 2022. Over the period under review, exports showed a significant increase. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

Exports by Country

The United States (X tons) was the main destination for butter and ghee exports from Sri Lanka, accounting for a X% share of total exports. Moreover, butter and ghee exports to the United States exceeded the volume sent to the second major destination, Singapore (X tons), fourfold. Australia (X tons) ranked third in terms of total exports with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (X% per year) and Australia (X% per year).

In value terms, the United States ($X) remains the key foreign market for butter and ghee exports from Sri Lanka, comprising X% of total exports. The second position in the ranking was taken by Singapore ($X), with a X% share of total exports. It was followed by Australia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (X% per year) and Australia (X% per year).

Export Prices by Country

The average butter and ghee export price stood at $X per ton in 2022, growing by X% against the previous year. Over the period under review, the export price, however, saw a slight curtailment. The pace of growth was the most pronounced in 2018 an increase of X%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Maldives ($X per ton), while the average price for exports to the United States ($X 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 Japan (X%), while the prices for the other major destinations experienced more modest paces of growth.

Butter And Ghee Imports

Imports into Sri Lanka

In 2022, approx. X tons of butter and ghee were imported into Sri Lanka; declining by X% against the previous year's figure. Overall, imports recorded a deep downturn. The most prominent rate of growth was recorded in 2016 with an increase of X%. As a result, imports attained the peak of X tons. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, butter and ghee imports declined notably to $X in 2022. Over the period under review, imports saw a abrupt curtailment. The pace of growth appeared the most rapid in 2016 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2017 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, New Zealand (X tons) constituted the largest butter and ghee supplier to Sri Lanka, accounting for a X% share of total imports. Moreover, butter and ghee imports from New Zealand exceeded the figures recorded by the second-largest supplier, Australia (X tons), twofold. India (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from New Zealand totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (X% per year) and India (X% per year).

In value terms, New Zealand ($X), Australia ($X) and Denmark ($X) were the largest butter and ghee suppliers to Sri Lanka, with a combined X% share of total imports. India, the UK, Malaysia and France lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, the UK, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average butter and ghee import price amounted to $X per ton, leveling off at the previous year. Overall, import price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, butter and ghee import price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2017 when the average import price increased by X%. The import price peaked at $X per ton in 2018; afterwards, it flattened through to 2022.

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

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

Source: IndexBox Platform

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