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

Contents:

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

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

In 2022, the average import price for liquid margarine and edible mixtures of animal or vegetable fats amounted to $1,177 per ton, which is down by -23% against the previous year. Over the period under review, the import price recorded a deep slump. The most prominent rate of growth was recorded in 2021 an increase of 49%. The import price peaked at $2,060 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Ecuador ($2,167 per ton), while the price for Mexico ($235 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+5.2%), while the prices for the other major suppliers experienced mixed trend patterns.

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

In 2022, the average export price for liquid margarine and edible mixtures of animal or vegetable fats amounted to $2,457 per ton, reducing by -2.9% against the previous year. Overall, export price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of +1.5% 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 +3.5% against 2020 indices. The pace of growth appeared the most rapid in 2014 an increase of 61%. The export price peaked at $3,270 per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for South Korea amounted to -82.4% per year.

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

In 2022, approx. 9.1K tons of liquid margarine and edible mixtures of animal or vegetable fats were imported into Venezuela; rising by 66% compared with the year before. Over the period under review, imports enjoyed a significant increase. The pace of growth appeared the most rapid in 2020 when imports increased by 165%. As a result, imports attained the peak of 13K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of liquid margarine and edible mixtures of animal or vegetable fats soared to $11M in 2022. Overall, imports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 175%. As a result, imports attained the peak of $13M. From 2021 to 2022, the growth of imports of failed to regain momentum.

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

1. Colombia (4.1K tons)
2. Argentina (3.1K tons)
3. Mexico (1.1K tons)
4. Chile (0.3K tons)
5. Turkey (0.2K tons)
6. Brazil (0.1K tons)

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

After three years of growth, shipments abroad of liquid margarine and edible mixtures of animal or vegetable fats decreased by -5.4% to 76 tons in 2022. In general, exports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 2,084%.

In value terms, exports of liquid margarine and edible mixtures of animal or vegetable fats shrank to $188K in 2022. Over the period under review, exports, however, continue to indicate significant growth. The growth pace was the most rapid in 2020 with an increase of 2,060% against the previous year.

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

1. South Korea (76.3 tons)

Source: IndexBox Market Intelligence Platform