Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Argentina - 2023
Contents:
- Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Argentina (FOB) - 2022
- Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Argentina (CIF) - 2022
- Exports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Argentina
- Imports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Argentina
Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Argentina (FOB) - 2022
The average export price for liquid margarine and edible mixtures of animal or vegetable fats stood at $1,617 per ton in 2022, surging by 26% against the previous year. In general, export price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for liquid margarine and edible mixtures of animal or vegetable fats increased by +80.6% against 2018 indices. The pace of growth appeared the most rapid in 2021 an increase of 44% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($1,801 per ton), while the average price for exports to Chile ($1,590 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 Costa Rica (+1.5%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Argentina (CIF) - 2022
In 2022, the average import price for liquid margarine and edible mixtures of animal or vegetable fats amounted to $2,942 per ton, increasing by 24% against the previous year. Over the last decade, it increased at an average annual rate of +1.7%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Ecuador ($3,118 per ton), while the price for Indonesia ($1,492 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+5.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Argentina
In 2022, shipments abroad of liquid margarine and edible mixtures of animal or vegetable fats was finally on the rise to reach 39K tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, saw a dramatic descent.
In value terms, exports of liquid margarine and edible mixtures of animal or vegetable fats surged to $63M in 2022. In general, exports, however, saw a precipitous shrinkage.
| Export of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Argentina (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Chile | 120 | 76.2 | 40.1 | 54.0 | -23.4% |
| Costa Rica | N/A | N/A | N/A | 3.6 | 0% |
| United States | 0.7 | N/A | N/A | 3.3 | 67.7% |
| Venezuela | 2.9 | 4.2 | N/A | N/A | 44.8% |
| Others | 1.0 | 1.2 | 0.5 | 1.6 | 17.0% |
| Total | 125 | 81.6 | 40.5 | 62.5 | -20.6% |
Top Export Markets for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats from Argentina in 2022:
- Chile (33.9K tons)
- Costa Rica (2.0K tons)
- United States (1.8K tons)
Imports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Argentina
In 2022, imports of liquid margarine and edible mixtures of animal or vegetable fats into Argentina amounted to 16K tons, remaining relatively unchanged against the previous year's figure. The total import volume increased at an average annual rate of +9.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 19%. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, imports of liquid margarine and edible mixtures of animal or vegetable fats skyrocketed to $48M in 2022. Overall, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +17.9% 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 +63.9% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 31% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to see gradual growth in the immediate term.
| Import of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Argentina (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Uruguay | 22.1 | 21.2 | 27.9 | 32.4 | 13.6% |
| Malaysia | 0.9 | 2.7 | 3.3 | 6.1 | 89.2% |
| Ecuador | 1.7 | 1.5 | 4.2 | 2.7 | 16.7% |
| Brazil | N/A | N/A | 0.1 | 2.0 | 1900.0% |
| Indonesia | 0.1 | 0.5 | 0.1 | 0.6 | 81.7% |
| Others | 4.7 | 3.8 | 3.3 | 4.4 | -2.2% |
| Total | 29.4 | 29.7 | 38.9 | 48.2 | 17.9% |
Top Suppliers of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats to Argentina in 2022:
- Uruguay (11.8K tons)
- Malaysia (2.1K tons)
- Ecuador (0.9K tons)
- Brazil (0.7K tons)
- Indonesia (0.4K tons)
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