Report Update Nov 1, 2024

Sri Lanka - Cream Fresh - Market Analysis, Forecast, Size, Trends and Insights

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Sri Lanka: Cream Fresh Market 2024

Cream Fresh Market Size in Sri Lanka

The Sri Lankan cream fresh market reduced sharply to $X in 2022, shrinking by -47.3% 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). In general, consumption showed a perceptible descent. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Cream Fresh Exports

Exports from Sri Lanka

In 2022, shipments abroad of cream fresh decreased by -91.2% to X kg, falling for the second consecutive year after two years of growth. Over the period under review, exports faced a sharp descent. The most prominent rate of growth was recorded in 2016 with an increase of 370% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, cream fresh exports dropped markedly to $X in 2022. Overall, exports recorded a precipitous setback. The pace of growth was the most pronounced in 2016 when exports increased by 258% against the previous year. As a result, the exports reached the peak of $X. From 2017 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Maldives (X kg) was the main destination for cream fresh exports from Sri Lanka, with a 85% share of total exports. Moreover, cream fresh exports to Maldives exceeded the volume sent to the second major destination, the United States (X kg), sixfold.

From 2012 to 2022, the average annual growth rate of volume to Maldives amounted to -33.2%.

In value terms, Maldives ($X) remains the key foreign market for cream fresh exports from Sri Lanka, comprising 71% of total exports. The second position in the ranking was taken by the United States ($X), with a 29% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Maldives amounted to -28.3%.

Export Prices by Country

In 2022, the average cream fresh export price amounted to $X per ton, rising by 24% against the previous year. Over the period under review, the export price recorded a buoyant expansion. The growth pace was the most rapid in 2014 when the average export price increased by 53% against the previous year. The export price peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Maldives stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Maldives (+7.3%).

Cream Fresh Imports

Imports into Sri Lanka

In 2022, cream fresh imports into Sri Lanka shrank markedly to X tons, which is down by -54.5% on 2021 figures. In general, imports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2013 with an increase of 28%. Over the period under review, imports attained the peak figure at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, cream fresh imports fell markedly to $X in 2022. Over the period under review, imports continue to indicate a pronounced decline. The pace of growth appeared the most rapid in 2013 when imports increased by 41% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, New Zealand (X tons) constituted the largest cream fresh supplier to Sri Lanka, with a 70% share of total imports. Moreover, cream fresh imports from New Zealand exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), threefold. Brazil (X tons) ranked third in terms of total imports with a 5.8% share.

From 2012 to 2022, the average annual growth rate of volume from New Zealand totaled -9.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+83.8% per year) and Brazil (+4.4% per year).

In value terms, New Zealand ($X), the Netherlands ($X) and Brazil ($X) constituted the largest cream fresh suppliers to Sri Lanka, with a combined 97% share of total imports.

Brazil, with a CAGR of +93.3%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers 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 cream fresh import price amounted to $X per ton, with an increase of 18% against the previous year. Over the last decade, it increased at an average annual rate of +3.9%. 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 the Netherlands ($X per ton), while the price for New Zealand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+85.2%), 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 cream fresh in the world?

The countries with the highest volumes of cream fresh consumption in 2021 were Germany, Russia and France, with a combined 34% share of global consumption. These countries were followed by Canada, Poland, Belgium, China, Italy, Sweden, Romania, Spain, Hungary and the Netherlands, which together accounted for a further 41%.

What are the largest producers of cream fresh in the world?

The countries with the highest volumes of cream fresh production in 2021 were Germany, Russia and France, together comprising 34% of global production. These countries were followed by Poland, Belgium, Canada, Spain, New Zealand, Italy, Sweden, the Netherlands, Saudi Arabia and Austria, which together accounted for a further 41%.

What are the leading suppliers of cream fresh to Sri Lanka?

In value terms, New Zealand constituted the largest supplier of cream fresh to Sri Lanka, comprising 86% of total imports. The second position in the ranking was occupied by Australia, with a 6.1% share of total imports. It was followed by Italy, with a 3.1% share.

What is the average export price for cream fresh in Sri Lanka?

The average cream fresh export price stood at $4,055 per ton in 2021, approximately equating the previous year.

What is the average import price for cream fresh in Sri Lanka?

In 2021, the average cream fresh import price amounted to $2,390 per ton, which is down by -3% against the previous year.

This report provides an in-depth analysis of the cream fresh 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 885 - Cream, Fresh

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. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. 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, PRODUCING ANIMALS AND YIELD
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. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2023
23. Production, In Value Terms, 2012–2023
24. Producing Animals Slaughtered, 2012–2023
25. Yield, 2012–2023
26. Imports, In Physical Terms, 2012–2023
27. Imports, In Value Terms, 2012–2023
28. Imports, In Physical Terms, By Country, 2023
29. Imports, In Physical Terms, By Country, 2012–2023
30. Imports, In Value Terms, By Country, 2012–2023
31. Import Prices, By Country Of Origin, 2012–2023
32. Exports, In Physical Terms, 2012–2023
33. Exports, In Value Terms, 2012–2023
34. Exports, In Physical Terms, By Country, 2023
35. Exports, In Physical Terms, By Country, 2012–2023
36. Exports, In Value Terms, By Country, 2012–2023
37. Export Prices, By Country Of Destination, 2012–2023