Price for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Sri Lanka - 2022
Contents:
- Price for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Sri Lanka (CIF) - 2022
- Price for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Sri Lanka (FOB) - 2022
- Imports of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Sri Lanka
- Exports of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Sri Lanka
Price for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Sri Lanka (CIF) - 2022
The average import price for fats and oils and their fractions; of fish, (excluding liver-oils)s stood at $13,134 per ton in 2022, remaining stable against the previous year. Overall, the import price showed a perceptible contraction. The growth pace was the most rapid in 2017 when the average import price increased by 41%. The import price peaked at $21,032 per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($47,366 per ton), while the price for the Netherlands ($3,323 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+13.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Sri Lanka (FOB) - 2022
The average export price for fats and oils and their fractions; of fish, (excluding liver-oils)s stood at $21,891 per ton in 2022, waning by -8.3% against the previous year. Overall, the export price, however, saw a significant expansion. The pace of growth was the most pronounced in 2013 an increase of 64%. The export price peaked at $23,870 per ton in 2021, and then fell in the following year.
Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($27,500 per ton), while the average price for exports to Oman totaled $21,963 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+23.0%).
Imports of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Sri Lanka
In 2022, the amount of fats and oils and their fractions; of fish, (excluding liver-oils)s imported into Sri Lanka surged to 166 tons, rising by 485% against 2021 figures. In general, imports recorded significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of fats and oils and their fractions; of fish, (excluding liver-oils)s soared to $2.2M in 2022. Overall, imports recorded a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | N/A | 41.8 | 219 | 1,506 | 500.2% |
| Australia | 29.7 | 0.9 | 1.2 | 346 | 126.7% |
| Romania | 28.7 | 19.1 | 64.2 | 222 | 97.8% |
| United Kingdom | 1,082 | 74.3 | 44.6 | 46.8 | -64.9% |
| India | 5.3 | 3.3 | 14.0 | 26.5 | 71.0% |
| Netherlands | 0.3 | 0.2 | 2.5 | 25.5 | 339.7% |
| Vietnam | 7.2 | 1.6 | 2.3 | N/A | -43.5% |
| Brazil | 32.5 | N/A | N/A | N/A | 0% |
| Others | 15.7 | 1.4 | 26.1 | 4.7 | -33.1% |
| Total | 1,202 | 142 | 374 | 2,178 | 21.9% |
Top Suppliers of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) to Sri Lanka in 2022:
- Australia (96.7 tons)
- Italy (48.2 tons)
- Netherlands (7.7 tons)
- Romania (7.1 tons)
- India (4.7 tons)
- United Kingdom (1.0 tons)
Exports of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Sri Lanka
In 2022, after two years of decline, there was growth in overseas shipments of fats and oils and their fractions; of fish, (excluding liver-oils)s, when their volume increased by 4.6% to 137 kg. In general, exports, however, continue to indicate a perceptible contraction.
In value terms, exports of fats and oils and their fractions; of fish, (excluding liver-oils)s reduced modestly to $3K in 2022. The total export value increased at an average annual rate of +4.4% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 9%.
| Export of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Oman | N/A | N/A | N/A | 2.9 | 0% |
| Malaysia | 2.6 | 2.9 | 3.1 | 0.1 | -66.2% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 2.6 | 2.9 | 3.1 | 3.0 | 4.9% |
Top Export Markets for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) from Sri Lanka in 2022:
- Oman (134.0 kg)
- Malaysia (2.0 kg)
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This report provides an in-depth analysis of the market for fish fat and oil in Sri Lanka.
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This report provides an in-depth analysis of the global market for fish fat and oil.
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This report provides an in-depth analysis of the market for fish fat and oil in Sri Lanka.
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This report provides an in-depth analysis of the global market for fish fat and oil.
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Over the past decade, global production of fish fat and oil rose from 3.7M tons to 11.3M tons. In value terms, production expanded significantly from $6.5B to $16.7B estimated in export prices.
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Over the past decade, global production of fish fat and oil rose from 3.7M tons to 11.3M tons. In value terms, production expanded significantly from $6.5B to $16.7B estimated in export prices.
