Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Saudi Arabia - 2022

Contents:

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

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

The average import price for liquid margarine and edible mixtures of animal or vegetable fats stood at $2,217 per ton in 2021, increasing by 47% against the previous year. In general, import price indicated a tangible increase from 2012 to 2021: its price increased at an average annual rate of +4.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, import price for liquid margarine and edible mixtures of animal or vegetable fats increased by +81.5% against 2018 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($2,831 per ton), while the price for Indonesia ($1,174 per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+3.9%), 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 Saudi Arabia (FOB) - 2022

The average export price for liquid margarine and edible mixtures of animal or vegetable fats stood at $2,006 per ton in 2021, growing by 17% against the previous year. Overall, the export price, however, recorded a abrupt setback. The export price peaked at $3,039 per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Bahrain ($3,722 per ton), while the average price for exports to Indonesia ($623 per ton) was amongst the lowest.

From 2014 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Bahrain (+1.8%), while the prices for the other major destinations experienced a decline.

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

In 2022, after two years of decline, there was significant growth in overseas purchases of liquid margarine and edible mixtures of animal or vegetable fats, when their volume increased by 31% to 7K tons. Overall, imports, however, faced a abrupt shrinkage.

In value terms, imports of liquid margarine and edible mixtures of animal or vegetable fats totaled $12M in 2022. In general, imports, however, recorded a perceptible slump.

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

1. Indonesia (1147.9 tons)
2. Malaysia (1112.5 tons)
3. Spain (786.9 tons)
4. Singapore (620.6 tons)
5. Germany (463.6 tons)
6. United States (369.7 tons)
7. Belgium (156.6 tons)

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

In 2022, after three years of growth, there was significant decline in shipments abroad of liquid margarine and edible mixtures of animal or vegetable fats, when their volume decreased by -28.9% to 1.1K tons. Over the period under review, exports, however, recorded significant growth. The growth pace was the most rapid in 2021 with an increase of 136%. As a result, the exports reached the peak of 1.5K tons, and then shrank significantly in the following year.

In value terms, exports of liquid margarine and edible mixtures of animal or vegetable fats plummeted to $2.1M in 2022. Overall, exports, however, enjoyed a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by 176%. As a result, the exports reached the peak of $3M, and then reduced sharply in the following year.

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

1. Yemen (7.5 tons)
2. Bahrain (7.0 tons)
3. Indonesia (2.8 tons)

Source: IndexBox Market Intelligence Platform