Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Bangladesh - 2022

Contents:

1. Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Bangladesh (CIF) - 2022
2. Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Bangladesh (FOB) - 2022
3. Imports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Bangladesh
4. Exports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Bangladesh

Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Bangladesh (CIF) - 2022

The average import price for liquid margarine and edible mixtures of animal or vegetable fats stood at $1,361 per ton in 2022, which is down by -2.7% against the previous year. Over the period under review, the import price saw a slight reduction. The pace of growth appeared the most rapid in 2017 when the average import price increased by 17%. Over the period under review, average import prices hit record highs at $1,587 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Singapore ($1,692 per ton), while the price for Indonesia ($814 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (-8.7%), while the prices for the other major suppliers experienced a decline.

Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Bangladesh (FOB) - 2022

In 2022, the average export price for liquid margarine and edible mixtures of animal or vegetable fats amounted to $2,800 per ton, reducing by -9.1% against the previous year. Over the period under review, export price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +2.3% 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 +63.6% against 2017 indices. The most prominent rate of growth was recorded in 2019 an increase of 29%. The export price peaked at $3,081 per ton in 2021, and then reduced in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Thailand ($5,165 per ton), while the average price for exports to Japan ($521 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 Australia (-5.3%), while the prices for the other major destinations experienced a decline.

Imports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Bangladesh

In 2022, purchases abroad of liquid margarine and edible mixtures of animal or vegetable fats increased by 41% to 1.6K tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, faced a abrupt decrease.

In value terms, imports of liquid margarine and edible mixtures of animal or vegetable fats skyrocketed to $2.1M in 2022. In general, imports, however, saw a abrupt curtailment.

Top Suppliers of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats to Bangladesh in 2022:

1. Malaysia (1034.5 tons)
2. Singapore (233.3 tons)
3. Indonesia (200.7 tons)
4. India (36.9 tons)

Exports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Bangladesh

In 2022, exports of liquid margarine and edible mixtures of animal or vegetable fats from Bangladesh skyrocketed to 12 tons, increasing by 25% against 2021. Overall, total exports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +15.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -16.5% against 2020 indices. The pace of growth appeared the most rapid in 2020 with an increase of 85% against the previous year. As a result, the exports attained the peak of 14 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of liquid margarine and edible mixtures of animal or vegetable fats expanded sharply to $34K in 2022. In general, total exports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +15.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -10.5% against 2020 indices. The growth pace was the most rapid in 2020 with an increase of 74%. As a result, the exports attained the peak of $38K. From 2021 to 2022, the growth of the exports of failed to regain momentum.

Top Export Markets for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats from Bangladesh in 2022:

1. Japan (6.0 tons)
2. Thailand (5.2 tons)
3. Canada (0.8 tons)

Source: IndexBox Market Intelligence Platform