Market research

Butter, dairy spreads and milk fats market in Sri Lanka

Butter, dairy spreads and milk fats market in Sri Lanka

Release date: Mar 27, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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Earlier Report Observations

The market volume for butter, dairy spreads, and milk fats in Sri Lanka fluctuated between 2018 and 2023. It started at 5 735 tons in 2018, dipped to 5 353 tons in 2019, then recovered to 5 741 tons in 2020. A further increase to 5 868 tons followed in 2021, marking the peak for the period. Subsequently, the market contracted to 5 609 tons in 2022 and stabilized at 5 498 tons in 2023.

In 2024, global trends are influencing the market, with rising consumer preference for natural and organic butter due to health awareness and its versatility in cooking. At the same time, competition from plant-based dairy alternatives is growing, while production faces challenges from increased costs and supply chain disruptions.

Table of content

  1. 1. Disclaimer
  2. 2. Terms of use of the report
  3. 3. Product codes in the statistical classifications used in the report
  4. 4. Key Market Indicators and Trends
    1. 4.1. Key Market Indicators
      1. 4.1.1. In kind
        1. 4.1.1.1. Production, 2018-2023
        2. 4.1.1.2. Imports, 2018-2024
        3. 4.1.1.3. Exports, 2018-2024
        4. 4.1.1.4. Market size, 2018-2023
    2. 4.2. Market Trends and Factors
  5. 5. Production
    1. 5.1. Production in Sri Lanka
      1. 5.1.1. Annual dynamics of production in Sri Lanka in kind, 2018-2023, t
      2. 5.1.2. Annual dynamics of production in Sri Lanka in value, 2018-2023, $ US
    2. 5.2. Global production by Country, 2018-2023
      1. 5.2.1. Annual dynamics of production by macroregions in kind, 2018-2023, t
      2. 5.2.2. Dynamics of production structure by macroregions in kind, 2018-2023
      3. 5.2.3. Annual dynamics of production by country in kind, 2018-2023, t
      4. 5.2.4. Structure of production by countries in kind, 2018-2023
      5. 5.2.5. Dynamics of peoduction structure by countries in kind, 2018-2023
  6. 6. Imports
    1. 6.1. Imports (Direct Data*)
      1. 6.1.1. Imports - Total information
      2. 6.1.2. Imports in kind, t
        1. 6.1.2.1. Annual dynamics of product's imports to Sri Lanka in kind, 2018-2024, t
        2. 6.1.2.2. Dynamics of product's imports in kind to Sri Lanka by countries, 2018-2024, t
        3. 6.1.2.3. Structure of product's imports in kind by countries, 2018-2024
      3. 6.1.3. Imports in value, K $ US
        1. 6.1.3.1. Annual dynamics of product's imports to Sri Lanka in value, 2018-2024, K $ US
        2. 6.1.3.2. Dynamics of product's imports in value to Sri Lanka by countries, 2018-2024, K $ US
        3. 6.1.3.3. Structure of product's imports in value by countries, 2018-2024
      4. 6.1.4. Average price of product's imports, $ US/kg
        1. 6.1.4.1. Annual dynamics of average price of product's imports to Sri Lanka, 2018-2024, $ US/kg
        2. 6.1.4.2. Dynamics of average price of product's imports to Sri Lanka by countries, 2018-2024, $ US/kg
    2. 6.2. Imports (Mirror Data)
      1. 6.2.1. Imports - Total information
      2. 6.2.2. Imports in kind, t
        1. 6.2.2.1. Annual dynamics of product's imports to Sri Lanka in kind, 2018-2024, t
        2. 6.2.2.2. Dynamics of product's imports in kind to Sri Lanka by countries, 2018-2024, t
        3. 6.2.2.3. Structure of product's imports in kind by countries, 2018-2024
      3. 6.2.3. Imports in value, K $ US
        1. 6.2.3.1. Annual dynamics of product's imports to Sri Lanka in value, 2018-2024, K $ US
        2. 6.2.3.2. Dynamics of product's imports in value to Sri Lanka by countries, 2018-2024, K $ US
        3. 6.2.3.3. Structure of product's imports in value by countries, 2018-2024
      4. 6.2.4. Average price of product's imports, $ US/kg
        1. 6.2.4.1. Annual dynamics of average price of product's imports to Sri Lanka, 2018-2024, $ US/kg
        2. 6.2.4.2. Dynamics of average price of product's imports to Sri Lanka by countries, 2018-2024, $ US/kg
  7. 7. Exports
    1. 7.1. Exports (Direct Data*)
      1. 7.1.1. Exports - Total information
      2. 7.1.2. Exports in kind, t
        1. 7.1.2.1. Annual dynamics of product's exports from Sri Lanka in kind, 2018-2024, t
        2. 7.1.2.2. Dynamics of product's exports in kind from Sri Lanka by countries, 2018-2024, t
        3. 7.1.2.3. Structure of product's exports in kind by countries, 2018-2024
      3. 7.1.3. Exports in value, K $ US
        1. 7.1.3.1. Annual dynamics of product's exports from Sri Lanka in value, 2018-2024, K $ US
        2. 7.1.3.2. Dynamics of product's exports in value from Sri Lanka by countries, 2018-2024, K $ US
        3. 7.1.3.3. Structure of product's exports in value by countries, 2018-2024
      4. 7.1.4. Average price of product's exports, $ US/kg
        1. 7.1.4.1. Annual dynamics of average price of product's exports from Sri Lanka, 2018-2024, $ US/kg
        2. 7.1.4.2. Dynamics of average price of product's exports from Sri Lanka by countries, 2018-2024, $ US/kg
    2. 7.2. Exports (Mirror Data)
      1. 7.2.1. Exports - Total information
      2. 7.2.2. Exports in kind, t
        1. 7.2.2.1. Annual dynamics of product's exports from Sri Lanka in kind, 2018-2024, t
        2. 7.2.2.2. Dynamics of product's exports in kind from Sri Lanka by countries, 2018-2024, t
        3. 7.2.2.3. Structure of product's exports in kind by countries, 2018-2024
      3. 7.2.3. Exports in value, K $ US
        1. 7.2.3.1. Annual dynamics of product's exports from Sri Lanka in value, 2018-2024, K $ US
        2. 7.2.3.2. Dynamics of product's exports in value from Sri Lanka by countries, 2018-2024, K $ US
        3. 7.2.3.3. Structure of product's exports in value by countries, 2018-2024
      4. 7.2.4. Average price of product's exports, $ US/kg
        1. 7.2.4.1. Annual dynamics of average price of product's exports from Sri Lanka, 2018-2024, $ US/kg
        2. 7.2.4.2. Dynamics of average price of product's exports from Sri Lanka by countries, 2018-2024, $ US/kg
  8. 8. Trade balance
    1. 8.1. Trade balance (Direct Data)
      1. 8.1.1. In kind, t
      2. 8.1.2. In value, K $ US
    2. 8.2. Trade balance (Mirror Data)
      1. 8.2.1. In kind, t
      2. 8.2.2. In value, K $ US
  9. 9. Top buying and selling countries, 2018-2024
    1. 9.1. Direct Data
      1. 9.1.1. Import in Value by Countries-buyers
      2. 9.1.2. Export in Value by Countries-suppliers
    2. 9.2. Mirror Data
      1. 9.2.1. Import in Value by Countries-buyers
      2. 9.2.2. Export in Value by Countries-suppliers

Production butter, dairy spreads and milk fats in Sri Lanka

In kind, 2017-2020, t

Top producers of butter, dairy spreads and milk fats, 2017-2020

Source: SHEV.io

World map of production of butter, dairy spreads and milk fats, 2017-2020

Source: SHEV.io

In 2020, Sri Lanka produced 5 311 tonnes of butter, dairy spreads, and milk fats, marking a significant increase of 10.9% from the previous year. Over the 2017-2020 period, production grew by 27.1%, with an average annual growth rate of 8.3%. The largest decline occurred in 2019, at 8.0%, while the highest increase was recorded in 2018, at 24.5%.

Annual dynamics of production in Sri Lanka in kind, 2017-2020, t

Parameter201820192020CAGR
1Change from last year24.5%(8.0%)10.9%8.3%
Source: SHEV.io

Exports butter, dairy spreads and milk fats from Sri Lanka

Exports in kind, t

The data shows irregular changes, indicating a volatile market environment. Exports reached their lowest point in 2018 at 9.3 tonnes, with the highest volume recorded in 2020 at 117.0 tonnes, reflecting a 12.6-fold difference between these years. In 2020, Sri Lanka exported 117.0 tonnes of butter, dairy spreads, and milk fats, a sharp increase of 527.7% compared to the previous year. The largest decline was recorded in 2018, at 62.3%.

Annual dynamics of product's exports from Sri Lanka in kind, 2017-2020, t

Parameter201820192020CAGR
1Change from last year(62.3%)101.5%527.7%68.4%
Source: SHEV.io

From 2017 to 2020, the United States (37.2% of exports in kind), India (21.6%), and Maldives (21.4%) led the export structure, together accounting for 80.2% of total flows.

Structure of product's exports in kind by countries, 2017-2020

Source: SHEV.io

World map of product's exports from Sri Lanka in kind, 2017-2020

Source: SHEV.io

Exports in value, K $ US

The market exhibited volatility during the observed period. Exports bottomed in 2018 at 117 thousand US dollars and peaked in 2020 at 896 thousand US dollars, showing a 7.6-fold difference. In 2020, Sri Lanka's butter, dairy spreads, and milk fats exports amounted to 896 thousand US dollars, which is 599.0% higher than in 2019. The largest decline was recorded in 2018, at 28.0%.

Annual dynamics of product's exports from Sri Lanka in value, 2017-2020, K $ US

Parameter201820192020CAGR
1Change from last year(28.0%)9.1%599.0%76.4%
Source: SHEV.io

From 2017 to 2020, the United States (38.3% of exports in value terms), Maldives (22.7%), and India (20.4%) accounted for the largest share of exports, together comprising 81.4% of total flows.

Structure of product's exports in value by countries, 2017-2020

Source: SHEV.io

World map of product's exports from Sri Lanka in value, 2017-2020

Source: SHEV.io

Imports butter, dairy spreads and milk fats to Sri Lanka

Imports in kind, t

In 2020, Sri Lanka's butter, dairy spreads, and milk fats import volume totalled 547.4 tonnes, a gradual decrease of 6.1% from 2019. Between 2017 and 2020, imports fell by 19.9%, equating to an annualized rate of 7.1%. The lowest value was recorded in 2018 at 540.5 tonnes. The largest decline occurred in 2018, at 20.9%, while the largest increase was in 2019, at 7.9%.

Annual dynamics of product's imports to Sri Lanka in kind, 2017-2020, t

Parameter201820192020CAGR
1Change from last year(20.9%)7.9%(6.1%)(7.1%)
Source: SHEV.io

From 2017 to 2020, New Zealand (60.7% of imports in kind), India (10.2%), and Australia (9.5%) were the largest suppliers of butter, dairy spreads, and milk fats to Sri Lanka, together forming 80.5% of total imports in kind.

Structure of product's imports in kind by countries, 2017-2020

Source: SHEV.io

World map of product's imports to Sri Lanka in kind, 2017-2020

Source: SHEV.io

Imports in value, K $ US

Butter, dairy spreads, and milk fat shipments to Sri Lanka from abroad declined for the third consecutive year. In 2020, Sri Lanka imported 2 824 thousand US dollars of these products, marking a decrease of 9.2% from the previous year. Over the 2017-2020 period, imports decreased by 24.7%, with an average annual decline of 9.0%.

Annual dynamics of product's imports to Sri Lanka in value, 2017-2020, K $ US

Parameter201820192020CAGR
1Change from last year(9.7%)(8.3%)(9.2%)(9.0%)
Source: SHEV.io

From 2017 to 2020, New Zealand (59.2% of imports in value terms), India (9.9%), and Denmark (9.1%) accounted for the largest share of imports, together comprising 78.2% of total flows.

Structure of product's imports in value by countries, 2017-2020

Source: SHEV.io

World map of product's imports to Sri Lanka in value, 2017-2020

Source: SHEV.io

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