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

Contents:

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

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

In 2022, the average export price for liquid margarine and edible mixtures of animal or vegetable fats amounted to $1,381 per ton, dropping by -1.5% against the previous year. Overall, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 139% against the previous year. As a result, the export price reached the peak level of $3,210 per ton. From 2019 to 2022, the average export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for South Sudan.

From 2012 to 2022, the rate of growth in terms of prices for Rwanda amounted to +26.9% per year.

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

In 2022, the average import price for liquid margarine and edible mixtures of animal or vegetable fats amounted to $3,136 per ton, with a decrease of -33.5% against the previous year. In general, the import price, however, enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2021 an increase of 325% against the previous year. As a result, import price attained the peak level of $4,718 per ton, and then fell markedly in the following year.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was South Africa ($3,704 per ton), while the price for the United States amounted to $2,814 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+27.8%), 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 Uganda

In 2022, overseas shipments of liquid margarine and edible mixtures of animal or vegetable fats decreased by -4% to 360 tons for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +4.2% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 8.6%. As a result, the exports attained the peak of 375 tons, and then shrank slightly in the following year.

In value terms, exports of liquid margarine and edible mixtures of animal or vegetable fats fell to $498K in 2022. The total export value increased at an average annual rate of +5.9% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 12% against the previous year. As a result, the exports attained the peak of $526K, and then dropped in the following year.

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

1. South Sudan (360.5 tons)

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

In 2022, approx. 10 tons of liquid margarine and edible mixtures of animal or vegetable fats were imported into Uganda; reducing by -11% on the previous year. Over the period under review, imports continue to indicate a sharp curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by 28% against the previous year.

In value terms, imports of liquid margarine and edible mixtures of animal or vegetable fats fell significantly to $33K in 2022. Overall, imports saw a slight slump. The growth pace was the most rapid in 2021 when imports increased by 445%. As a result, imports reached the peak of $55K, and then fell significantly in the following year.

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

1. United States (6.7 tons)
2. South Africa (3.7 tons)

Source: IndexBox Market Intelligence Platform