Price for Fats and Oils and Their Fractions; of Marine Mammals in Canada - 2023
Contents:
- Price for Fats and Oils and Their Fractions; of Marine Mammals in Canada (FOB) - 2022
- Price for Fats and Oils and Their Fractions; of Marine Mammals in Canada (CIF) - 2022
- Exports of Fats and Oils and Their Fractions; of Marine Mammals in Canada
- Imports of Fats and Oils and Their Fractions; of Marine Mammals in Canada
Price for Fats and Oils and Their Fractions; of Marine Mammals in Canada (FOB) - 2022
In 2022, the average export price for fats and oils and their fractions; of marine mammalses amounted to $9,996 per ton, surging by 27% against the previous year. In general, the export price posted strong growth. The pace of growth was the most pronounced in 2013 when the average export price increased by 215%. Over the period under review, the average export prices attained the maximum at $16,762 per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Hong Kong SAR ($24,223 per ton), while the average price for exports to Japan ($7,584 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Africa (+18.3%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Fats and Oils and Their Fractions; of Marine Mammals in Canada (CIF) - 2022
The average import price for fats and oils and their fractions; of marine mammalses stood at $3,342 per ton in 2022, approximately equating the previous year. Over the period under review, the import price recorded a noticeable curtailment. The most prominent rate of growth was recorded in 2013 when the average import price increased by 15%. Over the period under review, average import prices reached the peak figure at $4,918 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($3,344 per ton), while the price for China ($3,342 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Norway (-2.1%), while the prices for the other major suppliers experienced a decline.
Exports of Fats and Oils and Their Fractions; of Marine Mammals in Canada
Exports of fats and oils and their fractions; of marine mammalses from Canada skyrocketed to 39 tons in 2022, rising by 74% compared with 2021 figures. Over the period under review, exports continue to indicate a significant increase. 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 marine mammalses soared to $394K in 2022. In general, exports enjoyed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Fats and Oils and Their Fractions; of Marine Mammals in Canada (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Norway | N/A | 9.7 | 98.5 | 276 | 433.4% |
| Hong Kong SAR | 32.6 | 8.4 | 20.5 | 95.1 | 42.9% |
| South Africa | N/A | N/A | 16.5 | 14.1 | -14.5% |
| South Korea | 28.2 | 28.5 | 8.3 | 3.4 | -50.6% |
| Japan | 45.6 | 47.8 | 30.7 | 2.5 | -62.0% |
| China | N/A | 65.0 | 3.1 | N/A | -95.2% |
| Others | 4.2 | 10.8 | N/A | 3.2 | -8.7% |
| Total | 111 | 170 | 178 | 394 | 52.5% |
Top Export Markets for Fats and Oils and Their Fractions; of Marine Mammals from Canada in 2022:
- Norway (33.6 tons)
- Hong Kong SAR (3.9 tons)
- South Africa (1.1 tons)
- South Korea (0.4 tons)
- Japan (0.3 tons)
Imports of Fats and Oils and Their Fractions; of Marine Mammals in Canada
In 2022, imports of fats and oils and their fractions; of marine mammalses into Canada skyrocketed to 22 tons, growing by 237% compared with the previous year. Over the period under review, imports enjoyed a prominent increase. 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 marine mammalses skyrocketed to $73K in 2022. Overall, imports showed a resilient increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Fats and Oils and Their Fractions; of Marine Mammals in Canada (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Norway | 24.2 | N/A | N/A | 44.6 | 22.6% |
| China | 31.9 | 0.8 | N/A | 21.2 | -12.7% |
| United States | 1.6 | 15.3 | 21.7 | 6.8 | 62.0% |
| Others | 1.4 | 0.2 | 0.1 | N/A | -73.3% |
| Total | 59.1 | 16.3 | 21.8 | 72.7 | 7.1% |
Top Suppliers of Fats and Oils and Their Fractions; of Marine Mammals to Canada in 2022:
- Norway (13.4 tons)
- China (6.4 tons)
- United States (2.0 tons)
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