Market research

Groundnut oil and fractions market in Sri Lanka

$Groundnut oil and fractions market in Sri Lanka$

Release date: Mar 28, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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File format: docx, xlsx

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Earlier Report Observations

The market for groundnut oil in Sri Lanka experienced notable volatility between 2018 and 2023. After starting at 690.5 t in 2018, volume dipped to 617.6 t in 2019 before surging to 775.0 t in 2020. A sharp contraction followed in 2021, with the market falling to 549.4 t, coinciding with a major scandal over imported coconut oil contaminated with carcinogenic aflatoxin that likely damaged consumer confidence in vegetable oils. The decline continued to 424.1 t in 2022, but the market recovered to 599.5 t in 2023, aided by a jump in imports to 12.5 t.

In 2024, public and regulatory attention remained focused on coconut oil safety, with reports of harmful chemically refined oil in the market and calls for stronger oversight. These ongoing quality concerns may influence demand for alternative oils like groundnut oil, even as imports of groundnut oil continued at 5.1 t.

Table of content

1. Disclaimer
2. Terms of use of the report
3. Product codes in the statistical classifications used in the report
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. 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. Imports
1. 6.1. Imports (Direct Data*)
  1. 6.1.1. Imports - Total information
  2. 6.1.2. Imports in kind, kg
    1. 6.1.2.1. Annual dynamics of product's imports to Sri Lanka in kind, 2018-2024, kg
    2. 6.1.2.2. Dynamics of product's imports in kind to Sri Lanka by countries, 2018-2024, kg
    3. 6.1.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.1.3. Imports in value, $ US
    1. 6.1.3.1. Annual dynamics of product's imports to Sri Lanka in value, 2018-2024, $ US
    2. 6.1.3.2. Dynamics of product's imports in value to Sri Lanka by countries, 2018-2024, $ 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, kg
    1. 6.2.2.1. Annual dynamics of product's imports to Sri Lanka in kind, 2018-2024, kg
    2. 6.2.2.2. Dynamics of product's imports in kind to Sri Lanka by countries, 2018-2024, kg
    3. 6.2.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.2.3. Imports in value, $ US
    1. 6.2.3.1. Annual dynamics of product's imports to Sri Lanka in value, 2018-2024, $ US
    2. 6.2.3.2. Dynamics of product's imports in value to Sri Lanka by countries, 2018-2024, $ 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. Exports
1. 7.1. Exports (Direct Data*)
  1. 7.1.1. Exports - Total information
  2. 7.1.2. Exports in kind, kg
    1. 7.1.2.1. Annual dynamics of product's exports from Sri Lanka in kind, 2018-2024, kg
    2. 7.1.2.2. Dynamics of product's exports in kind from Sri Lanka by countries, 2018-2024, kg
    3. 7.1.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.1.3. Exports in value, $ US
    1. 7.1.3.1. Annual dynamics of product's exports from Sri Lanka in value, 2018-2024, $ US
    2. 7.1.3.2. Dynamics of product's exports in value from Sri Lanka by countries, 2018-2024, $ 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, kg
    1. 7.2.2.1. Annual dynamics of product's exports from Sri Lanka in kind, 2018-2024, kg
    2. 7.2.2.2. Dynamics of product's exports in kind from Sri Lanka by countries, 2018-2024, kg
    3. 7.2.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.2.3. Exports in value, $ US
    1. 7.2.3.1. Annual dynamics of product's exports from Sri Lanka in value, 2018-2024, $ US
    2. 7.2.3.2. Dynamics of product's exports in value from Sri Lanka by countries, 2018-2024, $ 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. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, kg
  2. 8.1.2. In value, $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, kg
  2. 8.2.2. In value, $ US
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 groundnut oil and fractions in Sri Lanka

In kind, 2017-2020, t

Top producers of groundnut oil and fractions, 2017-2020

Source: SHEV.io

World map of production of groundnut oil and fractions, 2017-2020

Source: SHEV.io

In 2020, Sri Lanka produced 770.3 tonnes of groundnut oil and fractions, representing a year-over-year increase of 24.8%. Over the period from 2017 to 2020, production grew by 38.2%, with a compound annual growth rate of 11.4%. The most significant decline occurred in 2019, when production fell by 10.7%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	24.1%	(10.7%)	24.8%	11.4%

Source: SHEV.io

Exports groundnut oil and fractions from Sri Lanka

Exports in kind, kg

In 2020, Sri Lanka's exports of groundnut oil and fractions amounted to 24 kg, showing little change from the previous year. Between 2018 and 2020, exports decreased by 98.9%, which translates to an annualized decline of 78.1%.

Annual dynamics of product's exports from Sri Lanka in kind, 2017-2020, kg

Parameter		2018	2019	2020	CAGR
1	Change from last year	n/a	n/a	n/a	-

Source: SHEV.io

From 2017 to 2020, Sri Lanka's exports of groundnut oil and fractions were highly concentrated, with Switzerland accounting for 99.0% of the total volume.

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, $ US

In 2020, the value of Sri Lanka's groundnut oil and fractions exports was 459 US dollars, remaining largely stable compared to 2019. Over the period from 2018 to 2020, export value fell by 98.7%, with a compound annual decline of 76.7%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	n/a	n/a	n/a	-

Source: SHEV.io

Between 2017 and 2020, Switzerland was the nearly exclusive buyer of groundnut oil and fractions from Sri Lanka, representing 98.7% of total export value.

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 groundnut oil and fractions to Sri Lanka

Imports in kind, kg

The data shows irregular changes, indicating a volatile market environment. Imports reached their lowest point in 2017 and peaked in 2020, with an 18-fold difference between these years. In 2020, Sri Lanka imported 4 775 kg of groundnut oil and fractions, an increase of 834.8% from the previous year. The largest decline occurred in 2019, when imports fell by 66.9%.

Annual dynamics of product's imports to Sri Lanka in kind, 2017-2020, kg

Parameter		2018	2019	2020	CAGR
1	Change from last year	486.3%	(66.9%)	834.8%	162.7%

Source: SHEV.io

From 2017 to 2020, Sri Lanka's imports of groundnut oil and fractions were strongly concentrated, with Italy and India together accounting for 94.6% of the total volume, while other partners made up the remainder.

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, $ US

The market displayed volatility during the observed period. The minimum value was recorded in 2019 at 1 424 US dollars, while the maximum occurred in 2020, showing a 9.8-fold variation between these years. In 2020, Sri Lanka imported approximately 13 943 US dollars of groundnut oil and fractions, an increase of 879.1% from 2019. The largest decline was in 2019, with a drop of 71.5%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	115.1%	(71.5%)	879.1%	81.8%

Source: SHEV.io

Throughout 2017 to 2020, Italy and India remained the key partner countries for imports in value terms, together representing 95.1% of total flows, with other partners accounting for the rest.

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