Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Belarus - 2022
Contents:
- Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Belarus (CIF) - 2022
- Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Belarus (FOB) - 2022
- Imports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Belarus
- Exports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Belarus
Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Belarus (CIF) - 2022
The average import price for liquid margarine and edible mixtures of animal or vegetable fats stood at $1,435 per ton in March 2022, declining by -12.3% against the previous month. In general, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in April 2021 when the average import price increased by 17% against the previous month. Over the period under review, average import prices reached the maximum at $1,897 per ton in October 2021; however, from November 2021 to March 2022, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for Russia.
From March 2021 to March 2022, the rate of growth in terms of prices for Sweden amounted to +3.9% per month.
Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Belarus (FOB) - 2022
The average export price for liquid margarine and edible mixtures of animal or vegetable fats stood at $1,899 per ton in 2022, with an increase of 55% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average export price increased by 60% against the previous year. Over the period under review, the average export prices attained the peak figure at $2,104 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for the United Arab Emirates.
From 2012 to 2022, the rate of growth in terms of prices for Russia amounted to -3.0% per year.
Imports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Belarus
After two years of decline, purchases abroad of liquid margarine and edible mixtures of animal or vegetable fats increased by 15% to 15K tons in 2022. Over the period under review, imports, however, saw a perceptible setback.
In value terms, imports of liquid margarine and edible mixtures of animal or vegetable fats soared to $28M in 2022. In general, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +6.8% 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 +50.3% against 2020 indices. As a result, imports reached 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 Belarus (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 14.8 | 15.0 | 17.7 | 21.0 | 12.4% |
| Sweden | 0.8 | 2.1 | 2.5 | 3.0 | 55.4% |
| Ukraine | 5.3 | 0.1 | 0.1 | 2.2 | -25.4% |
| Iran | 0.4 | 0.9 | 0.1 | 0.6 | 14.5% |
| Denmark | 0.4 | 0.3 | 0.3 | 0.4 | 0.0% |
| Others | 1.6 | 0.4 | 0.7 | 1.3 | -6.7% |
| Total | 23.3 | 18.9 | 21.4 | 28.4 | 6.8% |
Top Suppliers of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats to Belarus in 2022:
- Russia (12.3K tons)
- Sweden (1.2K tons)
- Ukraine (0.9K tons)
- Iran (0.3K tons)
- Denmark (0.3K tons)
Exports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Belarus
In 2022, exports of liquid margarine and edible mixtures of animal or vegetable fats from Belarus surged to 2.1K tons, growing by 70% on 2021 figures. In general, exports showed a significant increase. 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 surged to $4.1M in 2022. Overall, exports continue to indicate a significant expansion. 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 Belarus (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | N/A | N/A | N/A | 4,077 | 0% |
| Russia | 1,083 | 1,004 | 1,011 | N/A | -3.4% |
| Tajikistan | N/A | 43.3 | 49.6 | N/A | 14.5% |
| Kazakhstan | 69.3 | 284 | 209 | N/A | 73.7% |
| Singapore | 63.2 | 86.2 | 165 | N/A | 61.6% |
| Ukraine | 119 | 277 | 37.9 | N/A | -43.6% |
| Others | 54.2 | 36.2 | 70.7 | N/A | 14.2% |
| Total | 1,389 | 1,732 | 1,543 | 4,077 | 43.2% |
Top Export Markets for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats from Belarus in 2022:
- United Arab Emirates (2.1K tons)
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