Report Update Nov 1, 2024

Sri Lanka - Lard Stearin, Lard Oil, Oleostearin, Oleo-Oil and Tallow Oil - Market Analysis, Forecast, Size, Trends and Insights

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Sri Lanka: Oleo Oils Market 2024

Oleo Oils Market Size in Sri Lanka

For the third year in a row, the Sri Lankan oleo oils market recorded growth in sales value, which increased by 105% to $X in 2021. Overall, consumption continues to indicate a significant expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Oleo Oils Production in Sri Lanka

In value terms, oleo oils production stood at $X in 2021 estimated in export price. Overall, production continues to indicate a dramatic decrease. The most prominent rate of growth was recorded in 2020 when the production volume decreased by 99.9% against the previous year. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Oleo Oils Exports

Exports by Country

Chile (X kg) was the main destination for oleo oils exports from Sri Lanka, accounting for a approx. 100% share of total exports.

From 2016 to 2019, the average annual rate of growth in terms of volume to Chile was relatively modest.

From 2016 to 2019, the average annual growth rate of value to Chile was relatively modest.

Oleo Oils Imports

Imports into Sri Lanka

In 2021, overseas purchases of lard stearin, lard oil, oleostearin, oleo-oil and tallow oil increased by 26% to X kg, rising for the third consecutive year after two years of decline. Over the period under review, imports saw significant growth. The pace of growth was the most pronounced in 2020 when imports increased by 35% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, oleo oils imports surged to $X in 2021. In general, imports saw a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 38%. Over the period under review, imports hit record highs in 2021 and are likely to continue growth in years to come.

Imports by Country

Malaysia (X kg), Taiwan (Chinese) (X kg) and China (X kg) were the main suppliers of oleo oils imports to Sri Lanka.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +36.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X), Taiwan (Chinese) ($X) and China ($X) were the largest oleo oils suppliers to Sri Lanka.

China, with a CAGR of +10.5%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average oleo oils import price stood at $X per ton in 2021, stabilizing at the previous year. In general, the import price, however, faced a abrupt downturn. The growth pace was the most rapid in 2017 an increase of 29% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2021, the country with the highest price was Taiwan (Chinese) ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+31.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for lard stearin, lard oil, oleostearin, oleo-oil and tallow oil in the world?

The countries with the highest volumes of oleo oils consumption in 2020 were Ireland, the United States and Malaysia, together comprising 57% of global consumption. These countries were followed by the UK, Sudan, Egypt and the Netherlands, which together accounted for a further 31%.

What are the largest producers of lard stearin, lard oil, oleostearin, oleo-oil and tallow oil in the world?

The countries with the highest volumes of oleo oils production in 2020 were the UK, Ireland and the United States, together comprising 75% of global production.

What are the leading suppliers of lard stearin, lard oil, oleostearin, oleo-oil and tallow oil to Sri Lanka?

In value terms, the United Arab Emirates $5) constituted the largest supplier of oleo oils to Sri Lanka.

What is the average export price for lard stearin, lard oil, oleostearin, oleo-oil and tallow oil in Sri Lanka?

In 2019, the average oleo oils export price amounted to $1,019 per ton, remaining relatively unchanged against the previous year.

What is the average import price for lard stearin, lard oil, oleostearin, oleo-oil and tallow oil in Sri Lanka?

The average oleo oils import price stood at $5,000 per ton in 2020, increasing by 107% against the previous year.

This report provides an in-depth analysis of the oleo 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 10411100 - Lard stearin, lard oil, oleostearin, oleo-oil and tallow oil (excluding emulsified, mixed or otherwise prepared)

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