Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in France - 2023
Contents:
- Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in France (CIF) - 2023
- Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in France (FOB) - 2023
- Imports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in France
- Exports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in France
Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in France (CIF) - 2023
The average import price for liquid margarine and edible mixtures of animal or vegetable fats stood at $10,340 per ton in October 2023, jumping by 347% against the previous month. Overall, the import price showed buoyant growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by the country of origin: the country with the highest price was Switzerland ($16,898 per ton), while the price for the United Arab Emirates ($1,813 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 United Arab Emirates (+15.1%), 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 France (FOB) - 2023
In October 2023, the average export price for liquid margarine and edible mixtures of animal or vegetable fats amounted to $3,807 per ton, picking up by 11% against the previous month. Over the period under review, the export price continues to indicate a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major foreign markets. In October 2023, the country with the highest price was the UK ($9,654 per ton), while the average price for exports to Switzerland ($2,145 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 the UK (+4.6%), 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 France
In 2022, overseas purchases of liquid margarine and edible mixtures of animal or vegetable fats were finally on the rise to reach 145K tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, showed a slight decline.
In value terms, imports of liquid margarine and edible mixtures of animal or vegetable fats surged to $366M in 2022. Over the period under review, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +15.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +62.6% against 2020 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 France (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 105 | 81.9 | 111 | 160 | 15.1% |
| Spain | 26.3 | 27.2 | 43.6 | 77.2 | 43.2% |
| Netherlands | 36.8 | 48.0 | 40.9 | 44.7 | 6.7% |
| Sweden | 26.6 | 29.5 | 31.5 | 38.1 | 12.7% |
| Germany | 22.3 | 20.2 | 22.4 | 27.4 | 7.1% |
| Italy | 3.9 | 6.8 | 7.9 | 7.0 | 21.5% |
| Others | 15.2 | 11.6 | 10.7 | 12.1 | -7.3% |
| Total | 236 | 225 | 268 | 366 | 15.8% |
Top Suppliers of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats to France in 2022:
- Belgium (77.0K tons)
- Spain (31.6K tons)
- Netherlands (15.2K tons)
- Germany (10.5K tons)
- Sweden (5.6K tons)
- Italy (2.6K tons)
Exports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in France
In 2022, approx. 20K tons of liquid margarine and edible mixtures of animal or vegetable fats were exported from France; picking up by 18% against the previous year's figure. Overall, total exports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +13.2% 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 -6.1% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 54%. As a result, the exports attained the peak of 21K tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of liquid margarine and edible mixtures of animal or vegetable fats soared to $64M in 2022. In general, total exports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +22.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +81.7% against 2019 indices. As a result, the exports attained 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 France (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 6.3 | 5.9 | 7.7 | 9.3 | 13.9% |
| Belgium | 1.1 | 5.2 | 1.9 | 7.3 | 87.9% |
| Netherlands | 3.5 | 3.9 | 4.9 | 6.0 | 19.7% |
| Italy | 2.2 | 2.4 | 3.7 | 5.0 | 31.5% |
| Mauritania | 2.3 | 3.3 | 3.4 | 4.6 | 26.0% |
| Germany | 4.4 | 4.0 | 4.7 | 4.1 | -2.3% |
| Switzerland | 1.1 | 2.3 | 2.7 | 3.0 | 39.7% |
| Mexico | 3.6 | 4.5 | 4.8 | 2.3 | -13.9% |
| Malta | N/A | N/A | 0.7 | 1.1 | 57.1% |
| Colombia | 0.6 | 0.9 | 1.0 | 1.1 | 22.4% |
| Others | 10.0 | 10.9 | 14.6 | 19.7 | 25.4% |
| Total | 35.1 | 43.4 | 50.2 | 63.9 | 22.1% |
Top Export Markets for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats from France in 2022:
- Belgium (3.4K tons)
- Spain (3.2K tons)
- Netherlands (2.0K tons)
- Mauritania (1.8K tons)
- Italy (1.3K tons)
- Switzerland (1.2K tons)
- Germany (0.8K tons)
- Mexico (0.7K tons)
- Malta (0.5K tons)
- Colombia (0.3K tons)
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