Sri Lanka: Market for Processed cheese (excluding grated or powdered) 2021

Market Size for Processed cheese (excluding grated or powdered) in Sri Lanka

After two years of growth, the Sri Lankan market for processed cheese (excluding grated or powdered) decreased by -X% to $X in 2020. The market value increased at an average annual rate of +X% from 2007 to 2020; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 when the market value increased by X% y-o-y. Consumption peaked at $X in 2019, and then shrank modestly in the following year.

Production of Processed cheese (excluding grated or powdered) in Sri Lanka

In value terms, production of processed cheese (excluding grated or powdered) expanded rapidly to $X in 2020 estimated in export prices. Overall, the total production indicated a measured expansion 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 2017 indices. The pace of growth appeared the most rapid in 2013 with an increase of X% y-o-y. Production peaked in 2020 and is expected to retain growth in years to come.

Exports of Processed cheese (excluding grated or powdered)

Exports from Sri Lanka

Exports of processed cheese (excluding grated or powdered) from Sri Lanka stood at X tons in 2020, approximately equating 2019. In general, exports, however, continue to indicate a noticeable contraction. The pace of growth appeared the most rapid in 2017 when exports increased by X% against the previous year. Over the period under review, exports hit record highs at X tons in 2007; however, from 2008 to 2020, exports remained at a lower figure.

In value terms, exports of processed cheese (excluding grated or powdered) stood at $X in 2020. Overall, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Exports peaked at $X in 2007; however, from 2008 to 2020, exports remained at a lower figure.

Exports by Country

Maldives (X tons) was the main destination for exports of processed cheese (excluding grated or powdered) from Sri Lanka, with a approx. X% share of total exports.

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

In value terms, Maldives ($X) also remains the key foreign market for processed cheese (excluding grated or powdered) exports from Sri Lanka.

From 2007 to 2020, the average annual rate of growth in terms of value to Maldives totaled +X%.

Export Prices by Country

In 2020, the average export price for processed cheese (excluding grated or powdered) amounted to $X per ton, remaining constant against the previous year. In general, the export price enjoyed a noticeable increase. The growth pace was the most rapid in 2013 an increase of X% year-to-year. The export price peaked at $X per ton in 2018; afterwards, it flattened through to 2020.

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

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

Imports of Processed cheese (excluding grated or powdered)

Imports into Sri Lanka

In 2020, overseas purchases of processed cheese (excluding grated or powdered) decreased by -X% to X tons, falling for the third year in a row after three years of growth. In general, imports saw a abrupt decline. The pace of growth appeared the most rapid in 2010 with an increase of X% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2020, imports stood at a somewhat lower figure.

In value terms, imports of processed cheese (excluding grated or powdered) declined notably to $X in 2020. Overall, imports continue to indicate a deep slump. The most prominent rate of growth was recorded in 2010 when imports increased by X% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2020, imports remained at a lower figure.

Imports by Country

In 2020, Austria (X tons) constituted the largest supplier of processed cheese (excluding grated or powdered) to Sri Lanka, with a X% share of total imports. Moreover, imports of processed cheese (excluding grated or powdered) from Austria exceeded the figures recorded by the second-largest supplier, Australia (X tons), ninefold. New Zealand (X tons) ranked third in terms of total imports with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume from Austria stood at -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (+X% per year) and New Zealand (-X% per year).

In value terms, Austria ($X) constituted the largest supplier of processed cheese (excluding grated or powdered) to Sri Lanka, comprising X% of total imports. The second position in the ranking was occupied by Australia ($X), with a X% share of total imports. It was followed by New Zealand, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value from Austria totaled -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (+X% per year) and New Zealand (-X% per year).

Import Prices by Country

In 2020, the average import price for processed cheese (excluding grated or powdered) amounted to $X per ton, falling by -X% against the previous year. Over the period under review, the import price saw a mild downturn. The growth pace was the most rapid in 2008 an increase of X% year-to-year. The import price peaked at $X per ton in 2009; however, from 2010 to 2020, import prices failed to regain the momentum.

Average prices varied somewhat amongst the major supplying countries. In 2020, the highest prices were recorded for prices from Austria ($X per ton) and Australia ($X per ton), while the price for New Zealand ($X per ton) and Denmark ($X per ton) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Tunisia, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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