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In 2024, after two years of decline, there was significant growth in the Sri Lankan palm oil market, when its value increased by 31% to $35M. Overall, consumption, however, recorded a pronounced curtailment. Over the period under review, the market attained the peak level at $161M in 2017; however, from 2018 to 2024, consumption failed to regain momentum.
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In 2024, the Sri Lankan crude palm oil market was finally on the rise to reach $8.4M for the first time since 2020, thus ending a three-year declining trend. In general, consumption, however, saw a noticeable descent. Crude palm oil consumption peaked at $89M in 2014; however, from 2015 to 2024, consumption stood at a somewhat lower figure.
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Palm Oil Price in Sri Lanka - 2021. Find the latest marketing data on the IndexBox platform.
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In 2023, supplies from abroad of refined palm oil increased by 3.5% to 22K tons for the first time since 2020, thus ending a two-year declining trend.
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The Sri Lankan refined palm oil market stood at $226M in 2024, approximately equating the previous year. In general, the total consumption indicated pronounced growth from 2012 to 2024: its value increased at an average annual rate of +4.1% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, consumption decreased by -9.5% against 2022 indices.
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9291 Global export shipment records of Palm,oil with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.
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Palm Kernel Oil Price in Sri Lanka - 2021. Find the latest marketing data on the IndexBox platform.
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61 Global import shipment records of Palm Oil with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.
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Statistics illustrates consumption, production, prices, and trade of Crude Palm Oil in Sri Lanka from 2007 to 2024.
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The Sri Lankan palm kernel oil market surged to $2M in 2024, rising by 96% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, continues to indicate a pronounced curtailment.
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622 Global import shipment records of Palm Olein with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.
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In 2024, after two years of decline, there was significant growth in the Sri Lankan palm oil market, when its value increased by 31% to $35M. Overall, consumption, however, recorded a pronounced curtailment. Over the period under review, the market attained the peak level at $161M in 2017; however, from 2018 to 2024, consumption failed to regain momentum.