Sri Lanka - Yoghurt - Market Analysis, Forecast, Size, Trends and Insights
Report Update: May 1, 2024

Sri Lanka - Yoghurt - Market Analysis, Forecast, Size, Trends and Insights

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Price for Yoghurt and Fermented Milk in Sri Lanka - 2021

Contents:

  1. Price for Yoghurt and Fermented Milk in Sri Lanka (CIF) - 2022
  2. Price for Yoghurt and Fermented Milk in Sri Lanka (FOB) - 2022
  3. Imports of Yoghurt and Fermented Milk in Sri Lanka
  4. Exports of Yoghurt and Fermented Milk in Sri Lanka

Price for Yoghurt and Fermented Milk in Sri Lanka (CIF) - 2022

In 2022, the average yoghurt and fermented milk import price amounted to $1,806 per ton, waning by -39% against the previous year. Over the period under review, import price indicated a slight increase 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. The most prominent rate of growth was recorded in 2014 an increase of 56%. The import price peaked at $2,961 per ton in 2021, and then dropped dramatically in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belize ($1,910 per ton), while the price for China totaled $719 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+22.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Yoghurt and Fermented Milk in Sri Lanka (FOB) - 2022

In 2022, the average yoghurt and fermented milk export price amounted to $2,119 per ton, waning by -13.5% against the previous year. Over the period under review, the export price recorded a perceptible shrinkage. The most prominent rate of growth was recorded in 2019 an increase of 42%. The export price peaked at $3,391 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($6,219 per ton), while the average price for exports to Maldives totaled $2,031 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+10.7%), while the prices for the other major destinations experienced a decline.

Imports of Yoghurt and Fermented Milk in Sri Lanka

In 2022, the amount of yoghurt and fermented milk imported into Sri Lanka shrank rapidly to 8.6 tons, falling by -86.5% compared with 2021. In general, imports continue to indicate a precipitous descent. The most prominent rate of growth was recorded in 2021 with an increase of 64% against the previous year.

In value terms, yoghurt and fermented milk imports reduced sharply to $16K in 2022. Over the period under review, imports continue to indicate a precipitous shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 77%.

Import of Yoghurt and Fermented Milk in Sri Lanka (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
BelizeN/AN/AN/A14.80%
ChinaN/A0.20.10.673.2%
New Zealand15043.0142N/A-2.7%
Germany42.527.626.9N/A-20.4%
United Kingdom29.111.612.3N/A-35.0%
India4.41.11.1N/A-50.0%
Others54.522.96.50.1-87.8%
Total28110618915.6-61.9%

Top Suppliers of Yoghurt and Fermented Milk to Sri Lanka in 2022:

  1. Belize (7.8 tons)
  2. China (0.8 tons)

Exports of Yoghurt and Fermented Milk in Sri Lanka

Yoghurt and fermented milk exports from Sri Lanka surged to 62 tons in 2022, growing by 83% against the previous year. Overall, exports, however, showed a deep downturn.

In value terms, yoghurt and fermented milk exports skyrocketed to $131K in 2022. In general, exports, however, recorded a dramatic decline.

Export of Yoghurt and Fermented Milk in Sri Lanka (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Maldives15130.38.3122-6.9%
United Arab Emirates0.40.20.57.8169.2%
Kuwait39.512156.6N/A19.7%
Japan68.845.013.9N/A-55.1%
OmanN/A130N/AN/A0%
France3.02.00.6N/A-55.3%
Others14.81.42.91.4-54.4%
Total27833082.8131-22.2%

Top Export Markets for Yoghurt and Fermented Milk from Sri Lanka in 2022:

  1. Maldives (59.9 tons)
  2. United Arab Emirates (1.3 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for yoghurt and fermented milk 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 891 - Yoghurt
  • FCL 892 - Yoghurt, Concentrated or Unconcent
  • FCL 893 - Buttermilk, Curdled Milk, Acidified Milk
  • FCL 899 - Dry Buttermilk

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 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
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. COUNTRIES WITH TOP YIELDS
    4. TOP EXPORTING COUNTRIES
    5. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION, PRODUCING ANIMALS AND YIELD
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Yield And Growth
    16. Exports And Growth
    17. Export Prices And Growth
    18. Market Size And Growth
    19. Per Capita Consumption
    20. Imports And Growth
    21. Import Prices
    22. Production, In Physical Terms, 2012–2023
    23. Production, In Value Terms, 2012–2023
    24. Producing Animals Slaughtered, 2012–2023
    25. Yield, 2012–2023
    26. Imports, In Physical Terms, 2012–2023
    27. Imports, In Value Terms, 2012–2023
    28. Imports, In Physical Terms, By Country, 2023
    29. Imports, In Physical Terms, By Country, 2012–2023
    30. Imports, In Value Terms, By Country, 2012–2023
    31. Import Prices, By Country Of Origin, 2012–2023
    32. Exports, In Physical Terms, 2012–2023
    33. Exports, In Value Terms, 2012–2023
    34. Exports, In Physical Terms, By Country, 2023
    35. Exports, In Physical Terms, By Country, 2012–2023
    36. Exports, In Value Terms, By Country, 2012–2023
    37. Export Prices, By Country Of Destination, 2012–2023
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