Non-Liquid Margarine Price in Sri Lanka - 2021

Contents:

1. Non-Liquid Margarine Price in Sri Lanka (CIF) - 2022
2. Non-Liquid Margarine Price in Sri Lanka (FOB) - 2022
3. Non-Liquid Margarine Imports in Sri Lanka
4. Non-Liquid Margarine Exports in Sri Lanka

Non-Liquid Margarine Price in Sri Lanka (CIF) - 2022

The average non-liquid margarine import price stood at $2,320 per ton in 2022, surging by 28% against the previous year. Overall, the import price showed a buoyant increase. The pace of growth appeared the most rapid in 2021 when the average import price increased by 85% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Turkey ($8,938 per ton), while the price for Germany ($1,305 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+37.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Non-Liquid Margarine Price in Sri Lanka (FOB) - 2022

The average non-liquid margarine export price stood at $3,517 per ton in 2022, increasing by 11% against the previous year. In general, the export price posted a buoyant expansion. The most prominent rate of growth was recorded in 2021 when the average export price increased by 96% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is likely to continue growth in years to come.

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 Japan ($9,354 per ton), while the average price for exports to the United Arab Emirates ($2,778 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 Canada (+47.1%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Liquid Margarine Imports in Sri Lanka

In 2022, non-liquid margarine imports into Sri Lanka contracted remarkably to 304 tons, declining by -67.9% against 2021 figures. Overall, imports saw a sharp downturn. The smallest decline of -36.8% was in 2020.

In value terms, non-liquid margarine imports shrank markedly to $706K in 2022. Over the period under review, imports continue to indicate a dramatic decline. The smallest decline of -9.4% was in 2021.

Top Suppliers of Non-Liquid Margarine to Sri Lanka in 2022:

1. Malaysia (238.2 tons)
2. Indonesia (42.0 tons)
3. Germany (10.7 tons)
4. United Arab Emirates (10.6 tons)
5. Australia (0.5 tons)

Non-Liquid Margarine Exports in Sri Lanka

In 2022, approx. 172 tons of non-liquid margarine were exported from Sri Lanka; with an increase of 270% against the year before. Overall, exports showed a slight increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, non-liquid margarine exports surged to $605K in 2022. Over the period under review, exports recorded resilient growth. The pace of growth was the most pronounced in 2021 when exports increased by 338% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

Top Export Markets for Non-Liquid Margarine from Sri Lanka in 2022:

1. Canada (121.7 tons)
2. Maldives (26.7 tons)
3. United Arab Emirates (4.8 tons)
4. Russia (3.6 tons)
5. Japan (3.3 tons)
6. Australia (1.2 tons)

Source: IndexBox Market Intelligence Platform