Report Update Nov 1, 2024

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

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Sri Lanka: Cream Market 2021

Cream Market Size in Sri Lanka

In 2020, the Sri Lankan cream market increased by X% to $X, rising for the eleventh consecutive year after two years of decline. Overall, the total consumption indicated moderate growth from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, consumption increased by +X% against 2009 indices. The pace of growth appeared the most rapid in 2011 with an increase of X% year-to-year. Cream consumption peaked in 2020 and is likely to see steady growth in years to come.

Cream Production in Sri Lanka

In value terms, cream production rose remarkably to $X in 2020 estimated in export prices. Overall, the total production indicated a mild increase from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, production increased by +X% against 2009 indices. The pace of growth was the most pronounced in 2011 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level in 2020 and is likely to see gradual growth in the immediate term.

Cream Exports

Exports from Sri Lanka

In 2020, the amount of cream exported from Sri Lanka amounted to X kg, remaining relatively unchanged against the year before. Over the period under review, exports showed a abrupt descent. The most prominent rate of growth was recorded in 2010 when exports increased by X% y-o-y. Exports peaked at X kg in 2015; however, from 2016 to 2020, exports stood at a somewhat lower figure.

In value terms, cream exports amounted to $X in 2020. Overall, exports continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2010 when exports increased by X% against the previous year. Over the period under review, exports attained the maximum at $X in 2015; however, from 2016 to 2020, exports remained at a lower figure.

Exports by Country

Seychelles (X kg) was the main destination for cream exports from Sri Lanka, with a approx. X% share of total exports.

From 2007 to 2016, the average annual growth rate of volume to Seychelles stood at -X%.

In value terms, Seychelles ($X) also remains the key foreign market for cream exports from Sri Lanka.

From 2007 to 2016, the average annual growth rate of value to Seychelles stood at -X%.

Export Prices by Country

In 2016, the average cream export price amounted to $X per ton, shrinking by -X% against the previous year. In general, the export price showed a abrupt contraction. The most prominent rate of growth was recorded in 2010 when the average export price increased by X% y-o-y. The export price peaked at $X per ton in 2007; however, from 2008 to 2016, export prices remained at a lower figure.

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

From 2007 to 2016, the rate of growth in terms of prices for Seychelles amounted to -X% per year.

Cream Imports

Imports into Sri Lanka

In 2020, overseas purchases of cream decreased by -X% to X tons, falling for the eighth consecutive year after three years of growth. In general, imports, however, posted a buoyant expansion. The growth pace was the most rapid in 2010 with an increase of X% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2020, imports failed to regain the momentum.

In value terms, cream imports soared to $X in 2020. Over the period under review, imports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2010 when imports increased by X% y-o-y. Imports peaked in 2020 and are expected to retain growth in the immediate term.

Imports by Country

In 2020, Germany (X tons) was the main supplier of cream to Sri Lanka, with a approx. X% share of total imports.

From 2007 to 2020, the average annual growth rate of volume from Germany totaled +X%.

In value terms, Germany ($X) constituted the largest supplier of cream to Sri Lanka.

From 2007 to 2020, the average annual growth rate of value from Germany totaled +X%.

Import Prices by Country

The average cream import price stood at $X per ton in 2020, increasing by X% against the previous year. Over the period under review, the import price enjoyed a prominent expansion. The growth pace was the most rapid in 2010 an increase of X% against the previous year. The import price peaked in 2020 and is expected to retain growth in years to come.

As there is only one major supplying country, the average price level is determined by prices for Germany.

From 2007 to 2020, the rate of growth in terms of prices for Germany amounted to +X% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for cream in the world?

The countries with the highest volumes of cream consumption in 2020 were China, the U.S. and Germany, together accounting for 34% of global consumption. France, Norway, Indonesia, Pakistan, Bangladesh, South Korea, Ethiopia, the UK, Iran and Canada lagged somewhat behind, together comprising a further 24%.

What are the largest producers of cream in the world?

The countries with the highest volumes of cream production in 2020 were China, the U.S. and Germany, together accounting for 34% of global production. These countries were followed by Norway, Indonesia, Pakistan, Bangladesh, France, Ethiopia, South Korea, Iran, Canada and Democratic Republic of the Congo, which together accounted for a further 24%.

What are the leading suppliers of cream to Sri Lanka?

In value terms, Germany constituted the largest supplier of cream to Sri Lanka.

What are the leading importers of cream from Sri Lanka?

In value terms, Seychelles $102) remains the key foreign market for cream exports from Sri Lanka.

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

In 2016, the average cream export price amounted to $2,677 per ton, waning by -16% against the previous year.

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

The average cream import price stood at $9,167 per ton in 2020, jumping by 20% against the previous year.

This report provides an in-depth analysis of the cream 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 2025.

Product coverage:

Prodcom 10511210 - Milk and cream of a fat content by weight of > 6 % but . .21 %, n ot concentrated nor containing added sugar or other sweetening matter, in immediate packings of . 2 l
Prodcom 10511220 - Milk and cream of a fat content by weight of > 6 % but . .21 %, n ot concentrated nor containing added sugar or other sweetening matter, in immediate packings of > 2 l
Prodcom 10511230 - Milk and cream of a fat content by weight of > .21 %, not concentrated nor containing added sugar or other sweetening matter, in immediate packings of . 2 l
Prodcom 10511240 - Milk and cream of a fat content by weight of > .21 %, not concentrated nor containing added sugar or other sweetening matter, in immediate packings of > 2 l

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