Price for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Australia - 2024
Contents:
- Price for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Australia (CIF) - 2024
- Price for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Australia (FOB) - 2024
- Imports of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Australia
- Exports of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Australia
Price for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Australia (CIF) - 2024
The average import price for fats and oils and their fractions; of fish, (excluding liver-oils)s stood at $6,318 per ton in September 2023, which is down by -79.2% against the previous month. In general, the import price saw a abrupt slump. The growth pace was the most rapid in July 2023 an increase of 379% month-to-month. The import price peaked at $30,401 per ton in August 2023, and then plummeted in the following month.
Average prices varied noticeably amongst the major supplying countries. In September 2023, the country with the highest price was Denmark ($3,887 per ton), while the price for China amounted to $3,887 per ton.
From January 2023 to September 2023, the most notable rate of growth in terms of prices was attained by India (+8.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Australia (FOB) - 2024
In September 2023, the average export price for fats and oils and their fractions; of fish, (excluding liver-oils)s amounted to $5,559 per ton, with a decrease of -8.2% against the previous month. Over the period under review, the export price, however, enjoyed buoyant growth. The pace of growth was the most pronounced in February 2023 an increase of 134% m-o-m. Over the period under review, the average export prices reached the peak figure at $6,052 per ton in August 2023, and then reduced in the following month.
There were significant differences in the average prices for the major foreign markets. In September 2023, the country with the highest price was China ($27,086 per ton), while the average price for exports to South Korea ($1,786 per ton) was amongst the lowest.
From January 2023 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+38.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Australia
For the fourth year in a row, Australia recorded growth in supplies from abroad of fats and oils and their fractions; of fish, (excluding liver-oils)s, which increased by 35% to 25K tons in 2022. Over the period under review, total imports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +19.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +70.1% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of fats and oils and their fractions; of fish, (excluding liver-oils)s skyrocketed to $77M in 2022. Overall, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +18.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +66.6% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Peru | 18.2 | 25.1 | 34.1 | 30.5 | 18.8% |
| China | 1.8 | 4.8 | 4.3 | 10.4 | 79.4% |
| India | 1.6 | 0.2 | N/A | 8.3 | 73.1% |
| Mexico | N/A | N/A | 0.9 | 6.9 | 666.7% |
| Thailand | 2.6 | 4.2 | 3.4 | 4.1 | 16.4% |
| Mauritius | 2.7 | 1.6 | 2.3 | 3.0 | 3.6% |
| United States | 0.1 | 1.5 | 0.2 | 2.5 | 192.4% |
| Morocco | 0.7 | 0.4 | 0.5 | 2.5 | 52.9% |
| Germany | 0.1 | 0.9 | 0.5 | 1.4 | 141.0% |
| Oman | N/A | 1.4 | 3.9 | 1.3 | -3.6% |
| South Africa | N/A | N/A | N/A | 1.2 | 0% |
| Chile | 2.7 | 3.5 | 3.0 | 1.1 | -25.9% |
| New Zealand | 2.2 | 0.9 | 0.4 | 0.7 | -31.7% |
| Others | 13.3 | 3.6 | 3.5 | 2.8 | -40.5% |
| Total | 46.0 | 48.1 | 56.9 | 76.6 | 18.5% |
Top Suppliers of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) to Australia in 2022:
- Peru (9.9K tons)
- China (3.4K tons)
- India (2.7K tons)
- Mexico (2.2K tons)
- Thailand (1.3K tons)
- Mauritius (1.0K tons)
- Morocco (0.8K tons)
- Germany (0.5K tons)
- Oman (0.4K tons)
- South Africa (0.4K tons)
- United States (0.4K tons)
- Chile (0.4K tons)
- New Zealand (0.2K tons)
Exports of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Australia
Exports of fats and oils and their fractions; of fish, (excluding liver-oils)s from Australia surged to 3.8K tons in 2022, growing by 99% compared with 2021 figures. Overall, exports posted a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of fats and oils and their fractions; of fish, (excluding liver-oils)s skyrocketed to $11M in 2022. Over the period under review, exports posted a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 92% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.
| Export of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 1.6 | 2.7 | 2.8 | 3.2 | 26.0% |
| South Korea | N/A | N/A | 0.5 | 2.5 | 400.0% |
| China | N/A | N/A | 2.6 | 1.7 | -34.6% |
| Thailand | N/A | 0.1 | 0.6 | 1.5 | 287.3% |
| Indonesia | 3.0 | 1.5 | 1.5 | 0.5 | -45.0% |
| Malaysia | N/A | N/A | N/A | 0.3 | 0% |
| Vietnam | N/A | N/A | 0.1 | 0.1 | 0.0% |
| Others | N/A | N/A | 0.3 | 0.6 | 100.0% |
| Total | 4.6 | 4.3 | 8.2 | 10.5 | 31.7% |
Top Export Markets for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) from Australia in 2022:
- South Korea (1892.0 tons)
- Thailand (953.2 tons)
- Indonesia (286.5 tons)
- New Zealand (246.7 tons)
- China (214.5 tons)
- Vietnam (94.5 tons)
- Malaysia (65.4 tons)
479
This report provides an in-depth analysis of the market for fish fat and oil in Australia.
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This report provides an in-depth analysis of the global market for fish fat and oil.
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This report provides an in-depth analysis of the market for fish fat and oil in Australia.
819
This report provides an in-depth analysis of the global market for fish fat and oil.
622
Over the past decade, global production of fish fat and oil rose from 3.7M tons to 11.3M tons. In value terms, production expanded significantly from $6.5B to $16.7B estimated in export prices.
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Over the past decade, global production of fish fat and oil rose from 3.7M tons to 11.3M tons. In value terms, production expanded significantly from $6.5B to $16.7B estimated in export prices.
