Price for Animal Products; Ossein and Bones Treated with Acid in Sri Lanka - 2022

Price for Animal Products; Ossein and Bones Treated with Acid in Sri Lanka (FOB) - 2022

The average export price for animal products; ossein and bones treated with acids stood at $887 per ton in 2022, rising by 19% against the previous year. Overall, the export price, however, saw a abrupt shrinkage. The growth pace was the most rapid in 2015 an increase of 85% against the previous year. As a result, the export price reached the peak level of $2,319 per ton. From 2016 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Switzerland ($3,716 per ton), while the average price for exports to India totaled $813 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Norway (+38.9%), while the prices for the other major destinations experienced a decline.

Exports of Animal Products; Ossein and Bones Treated with Acid in Sri Lanka

In 2022, overseas shipments of animal products; ossein and bones treated with acids decreased by -48.2% to 5.3 tons, falling for the second consecutive year after two years of growth. Overall, exports, however, enjoyed a perceptible expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 229%. As a result, the exports attained the peak of 15 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of animal products; ossein and bones treated with acids fell remarkably to $4.7K in 2022. In general, exports, however, saw a resilient expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 232%. As a result, the exports reached the peak of $10K. From 2021 to 2022, the growth of the exports of remained at a lower figure.