Sri Lanka: Casein And Caseinates Market 2024

Casein And Caseinates Market Size in Sri Lanka

The Sri Lankan casein and caseinates market dropped to $X in 2022, stabilizing at the previous year. Overall, the total consumption indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +12.3% against 2020 indices. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a somewhat lower figure.

Casein And Caseinates Production in Sri Lanka

In value terms, casein and caseinates production fell to $X in 2022 estimated in export price. Overall, production showed a slight increase. The most prominent rate of growth was recorded in 2017 with an increase of 29% against the previous year. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Casein And Caseinates Exports

Exports from Sri Lanka

In 2021, shipments abroad of casein and caseinates decreased by 0% to X kg, falling for the second year in a row after two years of decline. In general, exports continue to indicate a deep slump. The smallest decline of 99.9% was in 2020. Over the period under review, the exports hit record highs at X kg in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, casein and caseinates exports stood at $X in 2021. Over the period under review, exports showed a deep slump. The smallest decline of 99.9% was in 2020. Over the period under review, the exports reached the peak figure at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

Singapore (X kg) was the main destination for casein and caseinates exports from Sri Lanka, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Singapore was relatively modest.

From 2012 to 2021, the average annual rate of growth in terms of value to Singapore was relatively modest.

Export Prices by Country

In 2021, the average casein and caseinates export price amounted to $X per ton, standing approx. at the previous year. Over the period under review, the export price saw a noticeable downturn. The pace of growth appeared the most rapid in 2020 when the average export price decreased by 99.9% against the previous year. The export price peaked at $X per ton in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the rate of growth in terms of prices for Vietnam amounted to 0.0% per year.

Casein And Caseinates Imports

Imports into Sri Lanka

In 2022, approx. X tons of casein and caseinates were imported into Sri Lanka; growing by 40% on 2021. Overall, imports saw a buoyant expansion. The most prominent rate of growth was recorded in 2019 with an increase of 880%. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in the near future.

In value terms, casein and caseinates imports soared to $X in 2022. In general, imports enjoyed resilient growth. The most prominent rate of growth was recorded in 2019 when imports increased by 1,002% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Denmark (X tons) constituted the largest casein and caseinates supplier to Sri Lanka, with a 69% share of total imports. Moreover, casein and caseinates imports from Denmark exceeded the figures recorded by the second-largest supplier, France (X tons), threefold. The third position in this ranking was taken by Germany (X tons), with a 4.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Denmark totaled +41.3%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-4.4% per year) and Germany (+23.0% per year).

In value terms, Denmark ($X) constituted the largest supplier of casein and caseinates to Sri Lanka, comprising 68% of total imports. The second position in the ranking was held by France ($X), with a 28% share of total imports. It was followed by New Zealand, with a 1.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Denmark amounted to +106.1%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+1.7% per year) and New Zealand (-12.6% per year).

Import Prices by Country

The average casein and caseinates import price stood at $X per ton in 2022, growing by 61% against the previous year. In general, import price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, casein and caseinates import price increased by +112.7% against 2018 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (+45.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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