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

Contents:

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

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

The average import price for liquid margarine and edible mixtures of animal or vegetable fats stood at $2,579 per ton in 2022, increasing by 38% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. Over the period under review, average import prices attained the peak figure at $2,656 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the Netherlands ($2,579 per ton) and Russia ($2,579 per ton), while the price for Singapore ($2,579 per ton) and Germany ($2,579 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+37.6%), 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 Israel (FOB) - 2022

In 2022, the average export price for liquid margarine and edible mixtures of animal or vegetable fats amounted to $4,731 per ton, jumping by 137% against the previous year. Overall, the export price recorded a resilient increase. 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 foreign markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($4,916 per ton), while the average price for exports to Canada ($2,110 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 the UK (+14.2%), 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 Israel

For the third year in a row, Israel recorded decline in purchases abroad of liquid margarine and edible mixtures of animal or vegetable fats, which decreased by -2% to 6.5K tons in 2022. Overall, imports showed a pronounced contraction.

In value terms, imports of liquid margarine and edible mixtures of animal or vegetable fats surged to $17M in 2022. Over the period under review, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +14.7% 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 +50.7% against 2019 indices. As a result, imports attained 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 Israel in 2022:

1. Netherlands (2067.5 tons)
2. United States (1048.1 tons)
3. Germany (736.0 tons)
4. Turkey (629.3 tons)
5. Ukraine (418.4 tons)
6. Poland (381.9 tons)
7. Singapore (216.4 tons)
8. Russia (159.0 tons)

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

In 2022, approx. 46 tons of liquid margarine and edible mixtures of animal or vegetable fats were exported from Israel; dropping by -35.3% against 2021 figures. Over the period under review, exports, however, recorded prominent growth. The most prominent rate of growth was recorded in 2021 when exports increased by 725% against the previous year. As a result, the exports attained the peak of 71 tons, and then reduced dramatically in the following year.

In value terms, exports of liquid margarine and edible mixtures of animal or vegetable fats soared to $216K in 2022. Overall, exports, however, continue to indicate significant growth. The growth pace was the most rapid in 2021 when exports increased by 907% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in the near future.

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

1. United Kingdom (40.7 tons)
2. Canada (2.4 tons)
3. Spain (1.7 tons)

Source: IndexBox Market Intelligence Platform