Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Estonia - 2023

Contents:

1. Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Estonia (CIF) - 2023
2. Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Estonia (FOB) - 2023
3. Imports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Estonia
4. Exports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Estonia

Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Estonia (CIF) - 2023

In October 2023, the average import price for liquid margarine and edible mixtures of animal or vegetable fats amounted to $3,558 per ton, with an increase of 13% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +2.8%. The most prominent rate of growth was recorded in April 2023 when the average import price increased by 48% against the previous month. Over the period under review, average import prices attained the peak figure in October 2023.

There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was Poland ($5,300 per ton), while the price for Lithuania ($1,695 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 (+8.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Estonia (FOB) - 2023

The average export price for liquid margarine and edible mixtures of animal or vegetable fats stood at $7,249 per ton in October 2023, picking up by 168% against the previous month. In general, the export price posted a resilient expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In October 2023, the country with the highest price was Russia ($28,054 per ton), while the average price for exports to Latvia ($2,262 per ton) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+23.2%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, the amount of liquid margarine and edible mixtures of animal or vegetable fats imported into Estonia skyrocketed to 2.1K tons, increasing by 49% on 2021. Overall, imports, however, recorded a abrupt setback.

In value terms, imports of liquid margarine and edible mixtures of animal or vegetable fats soared to $4.8M in 2022. In general, imports showed a notable expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

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

1. Netherlands (922.6 tons)
2. Sweden (583.0 tons)
3. Germany (403.8 tons)
4. Poland (33.6 tons)
5. Russia (31.4 tons)

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

In 2022, after two years of decline, there was significant growth in shipments abroad of liquid margarine and edible mixtures of animal or vegetable fats, when their volume increased by 41% to 714 tons. In general, exports, however, recorded a dramatic descent.

In value terms, exports of liquid margarine and edible mixtures of animal or vegetable fats soared to $2.3M in 2022. Overall, exports, however, faced a abrupt curtailment.

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

1. Latvia (323.1 tons)
2. Finland (136.8 tons)
3. Lithuania (126.3 tons)
4. Russia (120.0 tons)

Source: IndexBox Market Intelligence Platform