Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Switzerland - 2023
Contents:
- Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Switzerland (FOB) - 2023
- Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Switzerland (CIF) - 2023
- Exports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Switzerland
- Imports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Switzerland
Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Switzerland (FOB) - 2023
The average export price for liquid margarine and edible mixtures of animal or vegetable fats stood at $5,873 per ton in November 2023, increasing by 7.5% against the previous month. Overall, the export price, however, showed a pronounced contraction. The most prominent rate of growth was recorded in April 2023 when the average export price increased by 16% against the previous month. Over the period under review, the average export prices hit record highs at $8,774 per ton in January 2023; however, from February 2023 to November 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Germany ($23,855 per ton), while the average price for exports to Italy ($1,337 per ton) was amongst the lowest.
From December 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+2.9%), while the prices for the other major destinations experienced a decline.
Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Switzerland (CIF) - 2023
The average import price for liquid margarine and edible mixtures of animal or vegetable fats stood at $3,972 per ton in November 2023, therefore, remained relatively stable against the previous month. Overall, the import price saw a mild curtailment. The pace of growth appeared the most rapid in October 2023 when the average import price increased by 43% month-to-month. Over the period under review, average import prices hit record highs at $5,546 per ton in July 2023; however, from August 2023 to November 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was Germany ($9,127 per ton), while the price for Spain ($1,820 per ton) was amongst the lowest.
From December 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Italy (+2.9%), 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 Switzerland
For the fourth consecutive year, Switzerland recorded growth in shipments abroad of liquid margarine and edible mixtures of animal or vegetable fats, which increased by 19% to 10K tons in 2022. In general, total exports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +19.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +71.3% against 2019 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 22%. The exports peaked in 2022 and are expected to retain growth in years to come.
In value terms, exports of liquid margarine and edible mixtures of animal or vegetable fats skyrocketed to $69M in 2022. Over the period under review, total exports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +13.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +47.7% 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 Switzerland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 8.2 | 10.3 | 13.5 | 16.3 | 25.7% |
| Germany | 9.1 | 9.5 | 9.5 | 10.5 | 4.9% |
| Italy | 2.9 | 3.7 | 6.7 | 10.2 | 52.1% |
| France | 2.2 | 3.2 | 4.8 | 6.3 | 42.0% |
| Brazil | 2.9 | 3.3 | 3.7 | 4.4 | 14.9% |
| Mexico | 5.7 | 1.9 | 0.3 | 2.1 | -28.3% |
| Philippines | 2.4 | 2.7 | 2.1 | 1.8 | -9.1% |
| Ireland | 0.5 | 0.3 | 0.8 | 1.8 | 53.3% |
| Pakistan | 2.8 | 1.8 | 1.8 | 1.7 | -15.3% |
| Others | 10.0 | 11.8 | 12.3 | 13.8 | 11.3% |
| Total | 46.7 | 48.6 | 55.4 | 69.0 | 13.9% |
Top Export Markets for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats from Switzerland in 2022:
- Italy (6.7K tons)
- Netherlands (0.9K tons)
- Germany (0.5K tons)
- France (0.4K tons)
- Ireland (0.4K tons)
- Brazil (0.2K tons)
- Pakistan (0.1K tons)
- Mexico (0.1K tons)
- Philippines (0.1K tons)
Imports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Switzerland
For the third year in a row, Switzerland recorded decline in supplies from abroad of liquid margarine and edible mixtures of animal or vegetable fats, which decreased by -22.2% to 3.8K tons in 2022. Overall, imports faced a deep contraction. The smallest decline of -9.9% was in 2021.
In value terms, imports of liquid margarine and edible mixtures of animal or vegetable fats declined to $17M in 2022. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 21%. As a result, imports attained the peak of $19M, and then fell in the following year.
| Import of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Switzerland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 2.4 | 2.7 | 3.1 | 3.7 | 15.5% |
| Germany | 3.6 | 4.1 | 3.9 | 3.6 | 0.0% |
| Netherlands | 1.8 | 1.7 | 2.0 | 2.0 | 3.6% |
| Italy | 1.4 | 1.3 | 3.3 | 2.0 | 12.6% |
| Spain | 3.6 | 2.6 | 2.1 | 0.8 | -39.4% |
| Poland | 0.1 | N/A | 0.4 | 0.6 | 81.7% |
| Austria | N/A | 0.1 | 0.1 | 0.4 | 100.0% |
| Portugal | 0.2 | 0.3 | 0.3 | 0.3 | 14.5% |
| Others | 3.9 | 2.9 | 3.8 | 3.8 | -0.9% |
| Total | 17.0 | 15.7 | 19.0 | 17.1 | 0.2% |
Top Suppliers of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats to Switzerland in 2022:
- France (1383.2 tons)
- Germany (516.0 tons)
- Italy (453.7 tons)
- Spain (424.9 tons)
- Netherlands (416.1 tons)
- Poland (140.8 tons)
- Austria (123.0 tons)
- Portugal (117.0 tons)
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