Report Update Nov 1, 2024

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

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Sri Lanka: Whole Fresh Milk Market 2024

Whole Fresh Milk Market Size in Sri Lanka

After seven years of growth, the Sri Lankan whole fresh milk market decreased by -0.9% to $X in 2022. In general, consumption, however, recorded a prominent expansion. Over the period under review, the market hit record highs at $X in 2021, and then contracted modestly in the following year.

Whole Fresh Milk Production in Sri Lanka

In value terms, whole fresh milk production shrank to $X in 2022 estimated in export price. Overall, production, however, showed a resilient expansion. The most prominent rate of growth was recorded in 2015 when the production volume increased by 71%. Whole fresh milk production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Whole Fresh Milk Exports

Exports from Sri Lanka

In 2022, overseas shipments of whole fresh milk increased by 16% to X tons, rising for the second consecutive year after four years of decline. In general, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 5,859% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, whole fresh milk exports fell modestly to $X in 2022. Over the period under review, exports showed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 4,976%. As a result, the exports attained the peak of $X, and then contracted in the following year.

Exports by Country

Maldives (X tons) was the main destination for whole fresh milk exports from Sri Lanka, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Maldives stood at +44.9%.

In value terms, Maldives ($X) also remains the key foreign market for whole fresh milk exports from Sri Lanka.

From 2012 to 2022, the average annual rate of growth in terms of value to Maldives stood at +45.1%.

Export Prices by Country

In 2022, the average whole fresh milk export price amounted to $X per ton, with a decrease of -15.5% against the previous year. Over the period under review, the export price recorded a slight shrinkage. The pace of growth appeared the most rapid in 2017 when the average export price increased by 150%. As a result, the export price reached the peak level of $X per ton. From 2018 to 2022, the average export prices remained at a somewhat lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for France amounted to +92.3% per year.

Whole Fresh Milk Imports

Imports into Sri Lanka

In 2022, purchases abroad of whole fresh milk increased by 328% to X tons for the first time since 2019, thus ending a two-year declining trend. In general, imports enjoyed a buoyant increase. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, whole fresh milk imports skyrocketed to $X in 2022. Overall, imports enjoyed prominent growth. Imports peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the UK (X tons) constituted the largest supplier of whole fresh milk to Sri Lanka, with a 69% share of total imports. Moreover, whole fresh milk imports from the UK exceeded the figures recorded by the second-largest supplier, Ireland (X tons), threefold. The United Arab Emirates (X tons) ranked third in terms of total imports with a 5% share.

From 2012 to 2022, the average annual growth rate of volume from the UK amounted to +29.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Ireland (+21.7% per year) and the United Arab Emirates (+26.2% per year).

In value terms, the UK ($X) constituted the largest supplier of whole fresh milk to Sri Lanka, comprising 67% of total imports. The second position in the ranking was held by Ireland ($X), with a 20% share of total imports. It was followed by France, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the UK stood at +31.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Ireland (+20.6% per year) and France (+57.7% per year).

Import Prices by Country

The average whole fresh milk import price stood at $X per ton in 2022, surging by 9% against the previous year. Over the last decade, it increased at an average annual rate of +2.4%. The pace of growth appeared the most rapid in 2020 an increase of 16%. The import price peaked in 2022 and is expected to retain growth in years to come.

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 ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+24.9%), 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 whole fresh milk in the world?

The countries with the highest volumes of whole fresh milk consumption in 2021 were India, the United States and Pakistan, together accounting for 39% of global consumption.

What are the largest producers of whole fresh milk in the world?

The countries with the highest volumes of whole fresh milk production in 2021 were India, the United States and Pakistan, with a combined 39% share of global production.

What are the leading suppliers of whole fresh milk to Sri Lanka?

In value terms, New Zealand constituted the largest supplier of whole fresh milk to Sri Lanka, comprising 95% of total imports. The second position in the ranking was occupied by the UK, with a 2% share of total imports.

What are the leading importers of whole fresh milk from Sri Lanka?

In value terms, Maldives $414) remains the key foreign market for whole fresh milk exports from Sri Lanka, comprising 97% of total exports. The second position in the ranking was occupied by New Zealand $12), with a 2.8% share of total exports.

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

In 2021, the average whole fresh milk export price amounted to $2,600 per ton, with an increase of 63% against the previous year.

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

The average whole fresh milk import price stood at $985 per ton in 2021, picking up by 14% against the previous year.

This report provides an in-depth analysis of the whole fresh milk 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 1130 - Camel milk
FCL 882 - Cow milk, whole (fresh)
FCL 1020 - Goat milk
FCL 982 - Sheep milk
FCL 951 - Buffalo milk

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