Sri Lanka - Palm Oil - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPalm Oil Price in Sri Lanka - 2021
Contents:
- Palm Oil Price in Sri Lanka (CIF) - 2022
- Palm Oil Price in Sri Lanka (FOB) - 2022
- Palm Oil Imports in Sri Lanka
- Palm Oil Exports in Sri Lanka
Palm Oil Price in Sri Lanka (CIF) - 2022
The average palm oil import price stood at $1,338 per ton in 2022, jumping by 21% against the previous year. Over the period under review, the import price continues to indicate a temperate expansion. The growth pace was the most rapid in 2021 an increase of 49%. The import price peaked in 2022 and is likely to see gradual growth in the near future.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Indonesia ($1,839 per ton), while the price for Malaysia amounted to $1,305 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+5.7%).
Palm Oil Price in Sri Lanka (FOB) - 2022
In 2022, the average palm oil export price amounted to $515 per ton, waning by -17.4% against the previous year. Overall, the export price showed a abrupt setback. The most prominent rate of growth was recorded in 2013 an increase of 13%. As a result, the export price attained the peak level of $1,278 per ton. From 2014 to 2022, the average export prices failed to regain momentum.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Maldives ($521 per ton), while the average price for exports to Singapore totaled $499 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+37.3%), while the prices for the other major destinations experienced more modest paces of growth.
Palm Oil Imports in Sri Lanka
In 2022, imports of palm oil into Sri Lanka reduced dramatically to 21K tons, with a decrease of -74% against 2021. Over the period under review, imports saw a precipitous setback. The smallest decline of -23% was in 2020.
In value terms, palm oil imports plummeted to $28M in 2022. In general, imports showed a precipitous descent. The pace of growth appeared the most rapid in 2021 when imports increased by 0.1% against the previous year.
| Import of Palm Oil in Sri Lanka (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 85.4 | 78.5 | 42.9 | 25.3 | -33.3% |
| Indonesia | 4.7 | 3.9 | 2.7 | 2.7 | -16.9% |
| Philippines | 2.1 | 6.3 | 2.8 | N/A | 15.5% |
| Others | 0.3 | 0.6 | 41.0 | 0.1 | -30.7% |
| Total | 92.6 | 89.3 | 89.4 | 28.1 | -32.8% |
Top Suppliers of Palm Oil to Sri Lanka in 2022:
- Malaysia (19.4K tons)
- Indonesia (1.5K tons)
Palm Oil Exports in Sri Lanka
After three years of growth, overseas shipments of palm oil decreased by -98% to 30 tons in 2022. In general, exports saw a sharp downturn. The pace of growth was the most pronounced in 2020 when exports increased by 137% against the previous year.
In value terms, palm oil exports fell sharply to $16K in 2022. Over the period under review, exports recorded a precipitous setback. The most prominent rate of growth was recorded in 2020 when exports increased by 159%.
| Export of Palm Oil in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 7.1 | 4.4 | 4.6 | 5.0 | -11.0% |
| Maldives | 12.5 | 5.1 | 8.2 | 2.1 | -44.8% |
| United Arab Emirates | 32.2 | 102 | 109 | N/A | 84.0% |
| Democratic Republic of the Congo | 48.2 | 132 | 141 | N/A | 71.0% |
| Lebanon | 30.4 | 48.8 | 62.3 | N/A | 43.2% |
| Oman | 48.7 | 377 | 405 | N/A | 188.4% |
| Romania | 122 | 152 | 152 | N/A | 11.6% |
| Others | 56.4 | 103 | 79.2 | 8.6 | -46.6% |
| Total | 357 | 925 | 962 | 15.7 | -64.7% |
Top Export Markets for Palm Oil from Sri Lanka in 2022:
- Singapore (10.1 tons)
- Maldives (4.0 tons)
This report provides an in-depth analysis of the palm oil 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 257 - Oil of palm
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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