Sri Lanka - Lactose And Lactose Syrup - Market Analysis, Forecast, Size, Trends And Insights
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View PricingLactose Price in Sri Lanka - 2021
Contents:
- Lactose Price in Sri Lanka (CIF) - 2022
- Lactose Price in Sri Lanka (FOB) - 2022
- Lactose Imports in Sri Lanka
- Lactose Exports in Sri Lanka
Lactose Price in Sri Lanka (CIF) - 2022
In 2022, the average lactose import price amounted to $3,036 per ton, growing by 34% against the previous year. Over the period under review, import price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, lactose import price increased by +113.6% against 2017 indices. The pace of growth appeared the most rapid in 2018 an increase of 35%. Over the period under review, average import prices attained the maximum in 2022 and is likely to see steady growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($5,545 per ton), while the price for Canada ($1,122 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+23.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Lactose Price in Sri Lanka (FOB) - 2022
The average lactose export price stood at $2,656 per ton in 2022, falling by -32.7% against the previous year. Over the period under review, export price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, lactose export price decreased by -42.5% against 2019 indices. The most prominent rate of growth was recorded in 2019 when the average export price increased by 76% against the previous year. As a result, the export price reached the peak level of $4,617 per ton. From 2020 to 2022, the average export prices failed to regain momentum.
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 UK ($3,025 per ton), while the average price for exports to Maldives ($2,000 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (+17.4%), while the prices for the other major destinations experienced more modest paces of growth.
Lactose Imports in Sri Lanka
In 2022, purchases abroad of lactose and lactose syrup decreased by -25.5% to 437 tons, falling for the second year in a row after two years of growth. Overall, imports saw a abrupt setback. The pace of growth was the most pronounced in 2020 when imports increased by 161%. As a result, imports reached the peak of 1.6K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, lactose imports amounted to $1.3M in 2022. Over the period under review, imports, however, recorded a notable increase. The pace of growth appeared the most rapid in 2020 when imports increased by 176%. As a result, imports attained the peak of $3.5M. From 2021 to 2022, the growth of imports remained at a lower figure.
| Import of Lactose in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 142 | 420 | 218 | 356 | 35.8% |
| Germany | 289 | 922 | 199 | 286 | -0.3% |
| India | 64.3 | 110 | 17.1 | 245 | 56.2% |
| New Zealand | 105 | 129 | 87.3 | 125 | 6.0% |
| Italy | 26.5 | 143 | 25.4 | 87.2 | 48.7% |
| Canada | 19.8 | 85.2 | 57.5 | 84.2 | 62.0% |
| France | 36.8 | 110 | 75.8 | 49.6 | 10.5% |
| Others | 569 | 1,532 | 647 | 94.0 | -45.1% |
| Total | 1,253 | 3,452 | 1,326 | 1,328 | 2.0% |
Top Suppliers of Lactose to Sri Lanka in 2022:
- Netherlands (82.8 tons)
- Canada (75.0 tons)
- Germany (68.0 tons)
- India (61.0 tons)
- New Zealand (54.4 tons)
- Italy (49.5 tons)
- France (30.0 tons)
Lactose Exports in Sri Lanka
In 2022, overseas shipments of lactose and lactose syrup decreased by -91.7% to 326 kg, falling for the second consecutive year after two years of growth. Overall, exports saw a dramatic curtailment. The pace of growth appeared the most rapid in 2020 with an increase of 172%. As a result, the exports attained the peak of 5.7 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, lactose exports reduced rapidly to $866 in 2022. In general, exports continue to indicate a significant contraction. The pace of growth was the most pronounced in 2020 when exports increased by 161% against the previous year. As a result, the exports reached the peak of $25K. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Lactose in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 0.2 | 0.2 | 0.3 | 0.6 | 44.2% |
| United Kingdom | 0.9 | 1.3 | 0.5 | 0.2 | -39.4% |
| Maldives | 0.7 | 1.0 | 0.9 | N/A | 13.4% |
| Switzerland | 2.4 | 3.3 | 2.3 | N/A | -2.1% |
| Chile | N/A | 2.2 | N/A | N/A | 0% |
| Netherlands | 0.3 | 0.4 | 0.3 | N/A | 0.0% |
| Kuwait | 0.8 | 3.4 | 1.5 | N/A | 36.9% |
| Saudi Arabia | N/A | 5.0 | 0.4 | N/A | -92.0% |
| Oman | N/A | N/A | 1.0 | N/A | 0% |
| United Arab Emirates | 1.8 | 1.6 | 2.2 | N/A | 10.6% |
| Australia | 0.4 | 0.9 | 0.6 | N/A | 22.5% |
| Qatar | 0.6 | 2.5 | 1.6 | N/A | 63.3% |
| Canada | 0.5 | 1.1 | 0.8 | N/A | 26.5% |
| Others | 1.2 | 2.5 | 3.2 | N/A | 63.3% |
| Total | 9.7 | 25.4 | 15.6 | 0.9 | -54.7% |
Top Export Markets for Lactose from Sri Lanka in 2022:
- France (225.0 kg)
- United Kingdom (80.0 kg)
- Maldives (21.0 kg)
This report provides an in-depth analysis of the lactose 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 10515400 - Lactose and lactose syrup (including chemically pure lactose)
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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