What is the price of margarine per kilogram/pound in Sri Lanka today?
The retail price range for Sri Lanka margarine is between US$ 2.38 and US$ 3.43 per kilogram or between US$ 1.08 and US$ 1.56 per pound(lb). Click here to see today's exact prices of margarine in Sri Lanka
The retail price range in Sri Lanka Rupee for margarine is between LKR 733.46 and LKR 1,056.18 per kilogram or between LKR 332.64 and LKR 479.00 per pound(lb) in Colombo and Jaffna.
Wholesale prices
In 2024, the approximate wholesale price range for Sri Lanka margarine is between US$ 1.67 and US$ 2.40 per kilogram or between US$ 0.76 and US$ 1.09 per pound(lb).
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Sri Lanka Margarine Export Prices - Historical, Trends and Prediction
The export price per kilogram of Margarine from Sri Lanka has seen a steady increase over the last five years. In 2017, the export price was 2.38 US $ per kg, and by 2021, it had risen to 4.02 US $ per kg. This represents an increase of 69.7% over the five-year period. The highest price was recorded in 2021 at 4.02 US $ per kg, while the lowest was in 2014 at 1.11 US $ per kg. Based on this trend, it is predicted that the export price of Margarine from Sri Lanka in 2023 will be 4.72 US $ per kg and in 2024 it will be 5.48 US $ per kg.The exports of margarine from Sri Lanka are classified as:
- Margarine (excluding liquid) (HS code 151710)
Sri Lanka Margarine Import Prices - Historical, Trends and Prediction
The import price per kilogram of Margarine into Sri Lanka over the last five years has been quite volatile. In 2016, the price was 1.98 US$ per kg, which was a slight decrease from the previous year. In 2017, the price increased to 2.38 US$ per kg, and then in 2019, it rose to 2.78 US$ per kg. The highest price was recorded in 2021, when it reached 4.02 US$ per kg. This was a significant increase from the previous year. Based on this trend, it is predicted that the import price per kilogram of Margarine into Sri Lanka in 2023 will be 4.62 US$ per kg, and in 2024 it will be 5.22 US$ per kg.Export values for Sri Lanka margarine
The total values in export for margarine in Sri Lanka were US$ 478, US$ 423, US$ 198 and US$ 251 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in Sri Lanka: Milk & Cream, Yogurt, Kefir & Buttermilk, Whey, Butter, Cheese, Natural Honey, Coffee, Green Tea & Black Tea.
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Sri Lanka margarine - Production, Exports, Imports, Seasons and HS Codes
In 2019 Sri Lanka sold 85 tonnes of margarine. In 2019 alone, the demand for Sri Lanka margarine (processed category) has gone down, with a change of -28.571 % compared to the year 2018. Between 2017 and 2019, margarine's exports decreased by -52.25% earning the country US$0.25m for the year 2019. Sri Lanka's margarine exports are classified as:
- Margarine (excluding liquid) (HS code 151710)
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Sri Lanka margarine export values
In 2019, Sri Lanka supplied margarine costing 0.25m USD, a growth of 26.26% from 2018's total margarine export of 0.198m USD. The yearly increase in value of Sri Lanka margarine between 2017 to 2018 was -53.191 pc.
The per year change in the volume of Sri Lanka's margarine exports between 2017 and 2019 was -52.25% in comparison to a variation of -28.571% in the period between 2018 and 2019.
Sri Lanka's portion of the world's total margarine's exports in 2019 was less than 1%. The country is ranked position 85 in world exports of margarine.
Export markets for Sri Lanka margarine ( in '000$ )
Sri Lanka's best performing destinations for margarine are Fiji, Australia, Saudi Arabia, United Arab Emirates (UAE) and Ghana.
Import/Export Trends
Sri Lanka is a net exporter of margarine. The annual growth of Sri Lanka margarine in value between 2015 to 2019 was -14%, per annum, while annual growth in quantity during the same period was -24%, per annum.
Sri Lanka bought 3,174 tonnes of margarine in 2019.