Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Austria - 2023
Contents:
- Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Austria (FOB) - 2023
- Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Austria (CIF) - 2023
- Exports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Austria
- Imports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Austria
Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Austria (FOB) - 2023
The average export price for liquid margarine and edible mixtures of animal or vegetable fats stood at $2,109 per ton in October 2023, reducing by -10.3% against the previous month. In general, the export price saw a mild reduction. The pace of growth was the most pronounced in December 2022 an increase of 10% against the previous month. As a result, the export price reached the peak level of $2,681 per ton. From January 2023 to October 2023, the the average export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Russia ($3,482 per ton), while the average price for exports to Serbia amounted to $1,879 per ton.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Serbia (-0.2%), while the prices for the other major destinations experienced a decline.
Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Austria (CIF) - 2023
In October 2023, the average import price for liquid margarine and edible mixtures of animal or vegetable fats amounted to $30,446 per ton, rising by 995% against the previous month. In general, the import price saw a significant expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was the United States ($33,144 per ton), while the price for the UK ($3,471 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (+4.0%), 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 Austria
For the fourth consecutive year, Austria recorded growth in overseas shipments of liquid margarine and edible mixtures of animal or vegetable fats, which increased by 6% to 37K tons in 2022. In general, exports enjoyed significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 61% against the previous year. Over the period under review, the exports of reached the peak figure in 2022 and are likely to continue growth in years to come.
In value terms, exports of liquid margarine and edible mixtures of animal or vegetable fats soared to $86M in 2022. Overall, exports recorded a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 87%. Over the period under review, the exports of attained the peak figure in 2022 and are likely to see steady growth in the near future.
| Export of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Austria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 15.1 | 15.1 | 29.4 | 41.6 | 40.2% |
| Serbia | 5.1 | 6.1 | 7.1 | 13.2 | 37.3% |
| Hungary | 2.9 | 2.7 | 5.7 | 4.8 | 18.3% |
| Slovakia | 2.1 | 2.1 | 5.2 | 4.7 | 30.8% |
| Denmark | 3.2 | 1.2 | 1.3 | 3.4 | 2.0% |
| Portugal | N/A | 0.3 | 2.8 | 2.7 | 200.0% |
| Netherlands | 0.7 | 1.7 | 3.1 | 2.6 | 54.9% |
| Italy | 1.0 | 0.7 | 1.2 | 2.3 | 32.0% |
| Ireland | 1.0 | 2.4 | 2.7 | 1.8 | 21.6% |
| Spain | N/A | 0.2 | 1.6 | 1.5 | 173.9% |
| Sweden | 0.1 | N/A | 0.1 | 1.0 | 115.4% |
| Others | 2.7 | 2.8 | 6.1 | 6.5 | 34.0% |
| Total | 33.8 | 35.3 | 66.2 | 86.1 | 36.6% |
Top Export Markets for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats from Austria in 2022:
- Germany (16.7K tons)
- Serbia (6.8K tons)
- Slovakia (2.7K tons)
- Hungary (2.5K tons)
- Portugal (1.3K tons)
- Denmark (1.0K tons)
- Netherlands (0.7K tons)
- Spain (0.7K tons)
- Italy (0.6K tons)
- Sweden (0.6K tons)
- Ireland (0.6K tons)
Imports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Austria
In 2022, approx. 18K tons of liquid margarine and edible mixtures of animal or vegetable fats were imported into Austria; reducing by -20.7% on the year before. Over the period under review, imports saw a abrupt decrease. The pace of growth was the most pronounced in 2021 when imports increased by 4.5%.
In value terms, imports of liquid margarine and edible mixtures of animal or vegetable fats expanded sharply to $47M in 2022. The total import value increased at an average annual rate of +11.8% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 27%. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Austria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 14.9 | 17.4 | 16.8 | 19.2 | 8.8% |
| Netherlands | 8.5 | 9.0 | 17.4 | 14.9 | 20.6% |
| Belgium | 5.8 | 3.4 | 4.1 | 7.6 | 9.4% |
| Italy | 0.7 | 0.6 | 1.0 | 1.2 | 19.7% |
| Bosnia and Herzegovina | 1.1 | 0.3 | 0.6 | 0.9 | -6.5% |
| Hungary | 1.1 | 1.3 | 1.4 | 0.6 | -18.3% |
| Czech Republic | 0.1 | 0.2 | 1.3 | 0.5 | 71.0% |
| Others | 1.4 | 2.9 | 2.0 | 2.1 | 14.5% |
| Total | 33.6 | 35.0 | 44.6 | 47.1 | 11.9% |
Top Suppliers of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats to Austria in 2022:
- Germany (7.2K tons)
- Netherlands (6.3K tons)
- Belgium (2.9K tons)
- Bosnia and Herzegovina (0.4K tons)
- Hungary (0.4K tons)
- Italy (0.3K tons)
- Czech Republic (0.3K tons)
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