Sri Lanka - Rennet And Concentrates Thereof - Market Analysis, Forecast, Size, Trends And Insights
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View PricingRennet Price in Sri Lanka - 2021
Contents:
- Rennet Price in Sri Lanka (CIF) - 2022
- Rennet Price in Sri Lanka (FOB) - 2022
- Rennet Imports in Sri Lanka
- Rennet Exports in Sri Lanka
Rennet Price in Sri Lanka (CIF) - 2022
The average rennet import price stood at $8,329 per ton in 2022, increasing by 290% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The import price peaked at $15,328 per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Denmark ($45,900 per ton), while the price for Singapore ($3,754 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (-0.5%), while the prices for the other major suppliers experienced a decline.
Rennet Price in Sri Lanka (FOB) - 2022
The average rennet export price stood at $3,230 per ton in 2022, leveling off at the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 45%. Over the period under review, the average export prices attained the maximum at $3,958 per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Bangladesh.
From 2012 to 2022, the rate of growth in terms of prices for Bangladesh amounted to -0.2% per year.
Rennet Imports in Sri Lanka
In 2022, the amount of rennet and concentrates thereof imported into Sri Lanka contracted notably to 81 kg, falling by -71.3% compared with the previous year's figure. Overall, imports recorded a abrupt slump. The pace of growth appeared the most rapid in 2021 when imports increased by 207% against the previous year. As a result, imports attained the peak of 282 kg, and then reduced dramatically in the following year.
In value terms, rennet imports rose sharply to $677 in 2022. In general, imports showed a abrupt downturn.
Import of Rennet in Sri Lanka (USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Denmark | 255 | 43.0 | 16.0 | 378 | 14.0% |
Singapore | 538 | 93.0 | 29.0 | 189 | -29.4% |
Malaysia | 90.0 | 19.0 | 7.0 | 60.0 | -12.6% |
Finland | 4.0 | 2.0 | 4.0 | 35.0 | 106.1% |
Switzerland | 40.0 | 6.0 | 2.0 | 14.0 | -29.5% |
China | N/A | 392 | 413 | N/A | 5.4% |
Taiwan (Chinese) | N/A | 189 | 130 | N/A | -31.2% |
Others | 13.0 | 8.0 | 1.0 | 1.0 | -57.5% |
Total | 940 | 752 | 602 | 677 | -10.4% |
Top Suppliers of Rennet to Sri Lanka in 2022:
- Singapore (50.0 kg)
- Malaysia (13.0 kg)
- Denmark (8.0 kg)
- Finland (8.0 kg)
- Switzerland (2.0 kg)
Rennet Exports in Sri Lanka
In 2022, shipments abroad of rennet and concentrates thereof decreased by -14.7% to 88 tons for the first time since 2018, thus ending a three-year rising trend. Overall, total exports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +15.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +55.8% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 42%. As a result, the exports reached the peak of 103 tons, and then dropped in the following year.
In value terms, rennet exports shrank significantly to $285K in 2022. Over the period under review, total exports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +10.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +36.4% against 2019 indices. The growth pace was the most rapid in 2021 when exports increased by 43%. As a result, the exports attained the peak of $335K, and then fell rapidly in the following year.
Export of Rennet in Sri Lanka (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Bangladesh | 209 | 228 | 335 | 285 | 10.9% |
Others | 0.1 | 6.6 | 0.5 | N/A | 123.6% |
Total | 209 | 234 | 335 | 285 | 10.9% |
Top Export Markets for Rennet from Sri Lanka in 2022:
- Bangladesh (88.2 tons)
This report provides an in-depth analysis of the rennet 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:
- Prodcom 20146450 - Rennet and concentrates thereof
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
This report provides an in-depth analysis of the rennet market in Sri Lanka.
This report provides an in-depth analysis of the global rennet market.
This report provides an in-depth analysis of the rennet market in Sri Lanka.
This report provides an in-depth analysis of the global rennet market.
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