Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Australia - 2023
Contents:
- Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Australia (FOB) - 2022
- Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Australia (CIF) - 2023
- Exports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Australia
- Imports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Australia
Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Australia (FOB) - 2022
In 2022, the average export price for liquid margarine and edible mixtures of animal or vegetable fats amounted to $3,903 per ton, surging by 6.2% against the previous year. Over the period under review, the export price, however, saw a mild contraction. The pace of growth appeared the most rapid in 2015 when the average export price increased by 8.9%. Over the period under review, the average export prices attained the peak figure at $4,732 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Indonesia ($8,397 per ton), while the average price for exports to Libya ($1,761 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 Libya (+8.8%), 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 Australia (CIF) - 2023
The average import price for liquid margarine and edible mixtures of animal or vegetable fats stood at $60,538 per ton in November 2023, increasing by 42% against the previous month. Over the period under review, the import price enjoyed a significant expansion. The pace of growth appeared the most rapid in March 2023 when the average import price increased by 1,782% against the previous month. The import price peaked in November 2023.
Average prices varied noticeably amongst the major supplying countries. In November 2023, the highest price was recorded for prices from Norway ($2,507 per ton) and the United States ($2,507 per ton), while the price for Italy ($2,507 per ton) and Belgium ($2,507 per ton) were amongst the lowest.
From December 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Singapore (+0.5%), 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 Australia
In 2022, approx. 16K tons of liquid margarine and edible mixtures of animal or vegetable fats were exported from Australia; picking up by 9.5% on 2021. The total export volume increased at an average annual rate of +4.3% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of liquid margarine and edible mixtures of animal or vegetable fats soared to $62M in 2022. The total export value increased at an average annual rate of +2.6% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 23.8 | 19.3 | 12.0 | 12.8 | -18.7% |
| Indonesia | 5.2 | 6.1 | 9.3 | 9.5 | 22.2% |
| Dominican Republic | 3.0 | 3.4 | 4.3 | 6.8 | 31.4% |
| Saudi Arabia | 1.0 | 1.1 | 1.9 | 6.1 | 82.7% |
| Vietnam | 3.9 | 3.1 | 5.6 | 5.2 | 10.1% |
| United Arab Emirates | 0.7 | 0.9 | 0.6 | 3.9 | 77.3% |
| Philippines | 2.7 | 2.5 | 3.2 | 2.4 | -3.9% |
| China | 1.8 | 2.4 | 1.5 | 1.5 | -5.9% |
| Hong Kong SAR | 1.1 | 0.7 | 1.3 | 1.5 | 10.9% |
| South Africa | 0.1 | 0.5 | 0.4 | 0.8 | 100.0% |
| Papua New Guinea | 0.4 | 0.4 | 0.4 | 0.8 | 26.0% |
| Albania | 0.4 | 0.4 | 0.6 | 0.6 | 14.5% |
| Libya | 0.1 | 0.1 | 0.2 | 0.4 | 58.7% |
| Others | 13.7 | 13.7 | 12.4 | 10.1 | -9.7% |
| Total | 57.9 | 54.5 | 53.7 | 62.4 | 2.5% |
Top Export Markets for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats from Australia in 2022:
- Dominican Republic (3.2K tons)
- Saudi Arabia (2.5K tons)
- Vietnam (1.7K tons)
- New Zealand (1.6K tons)
- United Arab Emirates (1.5K tons)
- Indonesia (1.1K tons)
- Hong Kong SAR (0.7K tons)
- Philippines (0.5K tons)
- South Africa (0.4K tons)
- Papua New Guinea (0.4K tons)
- Albania (0.3K tons)
- China (0.3K tons)
- Libya (0.2K tons)
Imports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Australia
In 2022, approx. 22K tons of liquid margarine and edible mixtures of animal or vegetable fats were imported into Australia; approximately reflecting the previous year's figure. Overall, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 4% against the previous year.
In value terms, imports of liquid margarine and edible mixtures of animal or vegetable fats soared to $52M in 2022. In general, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +16.0% 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 +56.0% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 22.4 | 21.3 | 32.1 | 40.0 | 21.3% |
| Singapore | 2.0 | 4.1 | 4.4 | 2.9 | 13.2% |
| Indonesia | 0.2 | 0.3 | 0.6 | 2.0 | 115.4% |
| New Zealand | 1.5 | 1.8 | 2.4 | 1.5 | 0.0% |
| Germany | N/A | 0.3 | 1.0 | 1.4 | 116.0% |
| United States | 3.2 | 4.2 | 0.2 | 1.2 | -27.9% |
| Netherlands | 3.1 | 2.6 | 0.3 | 0.3 | -54.1% |
| Others | 0.9 | 1.5 | 2.1 | 2.5 | 40.6% |
| Total | 33.3 | 36.1 | 43.2 | 52.0 | 16.0% |
Top Suppliers of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats to Australia in 2022:
- Malaysia (16.6K tons)
- Singapore (1.2K tons)
- Indonesia (0.8K tons)
- Germany (0.6K tons)
- New Zealand (0.6K tons)
- United States (0.5K tons)
- Netherlands (0.1K tons)
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