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

Contents:

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

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

The average import price for liquid margarine and edible mixtures of animal or vegetable fats stood at $965 per ton in 2022, falling by -11.6% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average import price increased by 36%. As a result, import price reached the peak level of $1,091 per ton, and then shrank in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($2,980 per ton), while the price for Indonesia ($910 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+13.5%), 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 Sudan (FOB) - 2022

The average export price for liquid margarine and edible mixtures of animal or vegetable fats stood at $1,877 per ton in 2022, almost unchanged from the previous year. Overall, the export price recorded a perceptible setback. The pace of growth appeared the most rapid in 2014 an increase of 183%. As a result, the export price attained the peak level of $2,870 per ton. From 2015 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Angola ($2,575 per ton), while the average price for exports to Malaysia stood at $1,558 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (-2.3%).

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

Imports of liquid margarine and edible mixtures of animal or vegetable fats into Sudan fell to 18K tons in 2022, which is down by -11.5% compared with the previous year's figure. The total import volume increased at an average annual rate of +4.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 30% against the previous year. As a result, imports reached the peak of 20K tons, and then declined in the following year.

In value terms, imports of liquid margarine and edible mixtures of animal or vegetable fats declined rapidly to $17M in 2022. Over the period under review, imports, however, continue to indicate a prominent increase. The pace of growth was the most pronounced in 2021 when imports increased by 77%. As a result, imports reached the peak of $22M, and then fell dramatically in the following year.

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

1. Indonesia (16.4K tons)
2. United Arab Emirates (0.9K tons)
3. Egypt (0.3K tons)
4. Turkey (0.1K tons)

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

In 2022, approx. 22 tons of liquid margarine and edible mixtures of animal or vegetable fats were exported from Sudan; with a decrease of -48.8% against the year before. Over the period under review, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 4,029%. As a result, the exports reached the peak of 44 tons, and then shrank rapidly in the following year.

In value terms, exports of liquid margarine and edible mixtures of animal or vegetable fats plummeted to $42K in 2022. Overall, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 4,145% against the previous year. As a result, the exports reached the peak of $82K, and then contracted markedly in the following year.

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

1. Malaysia (15.4 tons)
2. Angola (7.0 tons)

Source: IndexBox Market Intelligence Platform