Report Update Nov 1, 2024

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

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Sri Lanka: Yoghurt Market 2024

Yoghurt Market Size in Sri Lanka

The Sri Lankan yoghurt market contracted slightly to $X in 2022, remaining constant against the previous year. In general, consumption saw a pronounced curtailment. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Yoghurt Production in Sri Lanka

In value terms, yoghurt production reduced modestly to $X in 2022 estimated in export price. Over the period under review, production showed a perceptible reduction. The most prominent rate of growth was recorded in 2016 with an increase of 14%. Yoghurt production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Yoghurt Exports

Exports from Sri Lanka

In 2022, after three years of decline, there was significant growth in shipments abroad of yoghurt, when their volume increased by 51% to X tons. In general, exports showed prominent growth. The pace of growth was the most pronounced in 2013 when exports increased by 304%. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, yoghurt exports soared to $X in 2022. Overall, exports continue to indicate a remarkable increase. The growth pace was the most rapid in 2013 when exports increased by 328%. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Maldives (X tons) was the main destination for yoghurt exports from Sri Lanka, accounting for a 96% share of total exports. It was followed by the United Arab Emirates (X tons), with a 2.9% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Maldives totaled +17.0%.

In value terms, Maldives ($X) remains the key foreign market for yoghurt exports from Sri Lanka, comprising 90% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with an 8.4% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Maldives totaled +12.4%.

Export Prices by Country

The average yoghurt export price stood at $X per ton in 2022, dropping by -11.1% against the previous year. Over the period under review, the export price showed a noticeable setback. The most prominent rate of growth was recorded in 2021 an increase of 30% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($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 the United Arab Emirates (+5.4%).

Yoghurt Imports

Imports into Sri Lanka

In 2022, yoghurt imports into Sri Lanka soared to X kg, rising by 30% on 2021 figures. Overall, imports continue to indicate a remarkable increase. The growth pace was the most rapid in 2013 when imports increased by 16,896% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, yoghurt imports shrank rapidly to $X in 2022. Over the period under review, imports recorded pronounced growth. The most prominent rate of growth was recorded in 2013 with an increase of 13,849%. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, China (X kg) was the main supplier of yoghurt to Sri Lanka, with a approx. 99% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +54.4%.

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

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +52.0%.

Import Prices by Country

The average yoghurt import price stood at $X per ton in 2022, which is down by -44.4% against the previous year. Over the period under review, the import price showed a abrupt decrease. The most prominent rate of growth was recorded in 2014 when the average import price increased by 169% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for China amounted to -1.6% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for yoghurt in the world?

The countries with the highest volumes of yoghurt consumption in 2021 were China, the United States and India, together comprising 33% of global consumption. These countries were followed by Japan, Germany, Russia, Pakistan, Nigeria, the UK, Brazil, Bangladesh, Mexico and Italy, which together accounted for a further 32%.

What are the largest producers of yoghurt in the world?

The countries with the highest volumes of yoghurt production in 2021 were China, the United States and Germany, with a combined 33% share of global production. These countries were followed by India, Japan, Russia, Pakistan, France, Nigeria, Brazil, Bangladesh, Saudi Arabia and Mexico, which together accounted for a further 36%.

What are the leading suppliers of yoghurt to Sri Lanka?

In value terms, the United States constituted the largest supplier of yoghurt to Sri Lanka, comprising 84% of total imports. The second position in the ranking was occupied by Australia, with a 15% share of total imports.

What are the leading importers of yoghurt from Sri Lanka?

In value terms, Maldives remains the key foreign market for yoghurt exports from Sri Lanka.

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

The average yoghurt export price stood at $1,858 per ton in 2021, leveling off at the previous year.

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

The average yoghurt import price stood at $2,168 per ton in 2021, dropping by -32.1% against the previous year.

This report provides an in-depth analysis of the yoghurt 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 891 - Yoghurt

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