Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Italy - 2023
Contents:
- Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Italy (FOB) - 2022
- Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Italy (CIF) - 2023
- Exports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Italy
- Imports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Italy
Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Italy (FOB) - 2022
In 2022, the average export price for liquid margarine and edible mixtures of animal or vegetable fats amounted to $3,464 per ton, picking up by 9.8% against the previous year. Overall, export price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of +5.1% 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 +89.6% against 2015 indices. The pace of growth was the most pronounced in 2021 an increase of 26% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Turkey ($7,673 per ton), while the average price for exports to Japan ($2,728 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 Turkey (+18.5%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Italy (CIF) - 2023
In October 2023, the average import price for liquid margarine and edible mixtures of animal or vegetable fats amounted to $46,957 per ton, growing by 1,808% against the previous month. In general, the import price posted significant 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 ($49,721 per ton), while the price for Australia totaled $31,201 per ton.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by France (+4.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Italy
For the fourth year in a row, Italy recorded growth in overseas shipments of liquid margarine and edible mixtures of animal or vegetable fats, which increased by 7.1% to 32K tons in 2022. The total export volume increased at an average annual rate of +6.0% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 10% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to see steady growth in the near future.
In value terms, exports of liquid margarine and edible mixtures of animal or vegetable fats soared to $111M in 2022. Over the period under review, total exports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +22.6% 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 +84.3% against 2019 indices. The pace of growth was the most pronounced in 2021 when exports increased by 39%. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in the near future.
| Export of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 2.3 | 6.2 | 16.9 | 14.8 | 86.0% |
| Poland | 5.8 | 7.3 | 8.8 | 13.1 | 31.2% |
| France | 6.5 | 8.7 | 9.2 | 8.7 | 10.2% |
| Germany | 6.1 | 5.8 | 7.1 | 7.8 | 8.5% |
| Netherlands | 2.3 | 3.2 | 6.7 | 7.5 | 48.3% |
| Belgium | 7.2 | 7.2 | 7.0 | 7.2 | 0.0% |
| United States | 1.5 | 3.0 | 3.9 | 7.1 | 67.9% |
| Russia | 6.5 | 6.5 | 6.8 | 5.6 | -4.8% |
| Japan | 4.8 | 2.5 | 3.1 | 5.4 | 4.0% |
| United Kingdom | 3.5 | 2.7 | 3.9 | 5.1 | 13.4% |
| South Korea | 1.6 | 1.5 | 1.1 | 2.7 | 19.1% |
| Switzerland | 1.5 | 1.4 | 2.0 | 2.2 | 13.6% |
| Czech Republic | 0.7 | 0.6 | 1.0 | 1.1 | 16.3% |
| Others | 9.8 | 11.1 | 17.0 | 22.3 | 31.5% |
| Total | 60.1 | 67.6 | 94.2 | 111 | 22.7% |
Top Export Markets for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats from Italy in 2022:
- Poland (4.6K tons)
- Spain (4.3K tons)
- France (3.1K tons)
- United States (2.0K tons)
- Japan (2.0K tons)
- Germany (1.9K tons)
- Netherlands (1.8K tons)
- Belgium (1.8K tons)
- United Kingdom (1.6K tons)
- Russia (1.5K tons)
- South Korea (0.8K tons)
- Switzerland (0.5K tons)
- Czech Republic (0.4K tons)
Imports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Italy
In 2022, purchases abroad of liquid margarine and edible mixtures of animal or vegetable fats increased by 30% to 25K tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, saw a slight curtailment.
In value terms, imports of liquid margarine and edible mixtures of animal or vegetable fats soared to $65M in 2022. Over the period under review, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +13.7% 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 +82.9% 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 Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 10.5 | 8.5 | 12.4 | 21.9 | 27.8% |
| Belgium | 13.3 | 11.8 | 13.6 | 14.3 | 2.4% |
| Spain | 2.7 | 1.8 | 2.3 | 9.2 | 50.5% |
| Sweden | 4.5 | 4.7 | 5.0 | 5.0 | 3.6% |
| France | 1.3 | 1.2 | 2.4 | 4.3 | 49.0% |
| Netherlands | 2.2 | 1.8 | 2.0 | 3.2 | 13.3% |
| Greece | 1.6 | 2.8 | 2.3 | 2.7 | 19.1% |
| United Kingdom | 3.7 | 1.3 | 0.2 | 0.4 | -52.4% |
| Others | 4.1 | 1.6 | 1.9 | 3.6 | -4.2% |
| Total | 43.9 | 35.3 | 42.1 | 64.6 | 13.7% |
Top Suppliers of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats to Italy in 2022:
- Germany (9.7K tons)
- Belgium (5.4K tons)
- Spain (3.5K tons)
- Netherlands (1.3K tons)
- France (1.3K tons)
- Greece (1.2K tons)
- Sweden (1.2K tons)
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