Price for Fats and Oils and Their Fractions; of Marine Mammals in Sri Lanka - 2022
Contents:
- Price for Fats and Oils and Their Fractions; of Marine Mammals in Sri Lanka (CIF) - 2022
- Imports of Fats and Oils and Their Fractions; of Marine Mammals in Sri Lanka
Price for Fats and Oils and Their Fractions; of Marine Mammals in Sri Lanka (CIF) - 2022
The average import price for fats and oils and their fractions; of marine mammalses stood at $27,125 per ton in 2022, with an increase of 281% against the previous year. In general, the import price posted significant growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United Arab Emirates ($29,000 per ton), while the price for Australia ($26,833 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+21.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Fats and Oils and Their Fractions; of Marine Mammals in Sri Lanka
In 2022, after three years of growth, there was significant decline in purchases abroad of fats and oils and their fractions; of marine mammalses, when their volume decreased by -99.8% to 8 kg. Overall, imports showed a sharp curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 2.1% against the previous year.
In value terms, imports of fats and oils and their fractions; of marine mammalses shrank dramatically to $217 in 2022. In general, imports faced a precipitous curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by 16% against the previous year. As a result, imports reached the peak of $30K, and then contracted markedly in the following year.
| Import of Fats and Oils and Their Fractions; of Marine Mammals in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | N/A | N/A | N/A | 0.2 | 0% |
| South Korea | 3.3 | 3.4 | 3.5 | N/A | 3.0% |
| United Arab Emirates | N/A | N/A | 0.1 | N/A | 0% |
| United Kingdom | 2.9 | 0.9 | 0.3 | N/A | -67.8% |
| India | 2.6 | 2.4 | 2.1 | N/A | -10.1% |
| Iceland | 14.7 | 19.0 | 23.4 | N/A | 26.2% |
| Others | 3.2 | 0.1 | 0.7 | N/A | -53.2% |
| Total | 26.7 | 25.9 | 30.1 | 0.2 | -80.4% |
Top Suppliers of Fats and Oils and Their Fractions; of Marine Mammals to Sri Lanka in 2022:
- Australia (6.0 kg)
- United Kingdom (1.0 kg)
- United Arab Emirates (1.0 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.
