Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Vietnam - 2022
Contents:
- Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Vietnam (CIF) - 2022
- Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Vietnam (FOB) - 2022
- Imports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Vietnam
- Exports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Vietnam
Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Vietnam (CIF) - 2022
In 2022, the average import price for liquid margarine and edible mixtures of animal or vegetable fats amounted to $1,287 per ton, with a decrease of -7.8% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 25% against the previous year. As a result, import price reached the peak level of $1,396 per ton, and then contracted in the following year.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Australia ($2,332 per ton), while the price for Indonesia ($1,051 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+1.6%), 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 Vietnam (FOB) - 2022
The average export price for liquid margarine and edible mixtures of animal or vegetable fats stood at $1,624 per ton in 2022, leveling off at the previous year. Overall, the export price, however, recorded a noticeable shrinkage. The most prominent rate of growth was recorded in 2020 an increase of 17%. Over the period under review, the average export prices hit record highs at $2,286 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Lao People's Democratic Republic ($1,624 per ton), while the average price for exports to Cambodia totaled $1,624 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Lao People's Democratic Republic (-0.6%).
Imports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Vietnam
In 2022, the amount of liquid margarine and edible mixtures of animal or vegetable fats imported into Vietnam dropped rapidly to 37K tons, waning by -17.7% on 2021. In general, imports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2021 with an increase of 55%. As a result, imports attained the peak of 45K tons, and then contracted significantly in the following year.
In value terms, imports of liquid margarine and edible mixtures of animal or vegetable fats shrank dramatically to $48M in 2022. Over the period under review, total imports indicated a notable expansion from 2019 to 2022: its value increased at an average annual rate of +4.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +46.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 93% against the previous year. As a result, imports attained the peak of $63M, and then shrank rapidly in the following year.
| Import of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 21.6 | 14.1 | 34.3 | 25.3 | 5.4% |
| Malaysia | 7.7 | 7.0 | 12.6 | 10.7 | 11.6% |
| South Korea | 4.3 | 4.4 | 5.4 | 3.9 | -3.2% |
| Australia | 4.0 | 3.1 | 5.5 | 3.7 | -2.6% |
| Singapore | 0.3 | 0.2 | 0.8 | 1.1 | 54.2% |
| Others | 4.0 | 3.7 | 4.2 | 2.9 | -10.2% |
| Total | 41.9 | 32.5 | 62.7 | 47.6 | 4.3% |
Top Suppliers of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats to Vietnam in 2022:
- Indonesia (24.1K tons)
- Malaysia (7.5K tons)
- South Korea (1.9K tons)
- Australia (1.6K tons)
- Singapore (1.0K tons)
Exports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Vietnam
In 2022, after three years of growth, there was decline in shipments abroad of liquid margarine and edible mixtures of animal or vegetable fats, when their volume decreased by -3.1% to 21K tons. The total export volume increased at an average annual rate of +7.2% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when exports increased by 19% against the previous year.
In value terms, exports of liquid margarine and edible mixtures of animal or vegetable fats shrank slightly to $34M in 2022. The total export value increased at an average annual rate of +12.6% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when exports increased by 39% against the previous year.
| Export of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Cambodia | 20.4 | 26.5 | 27.3 | 27.2 | 10.1% |
| Lao People's Democratic Republic | 3.0 | 6.5 | 7.1 | 6.5 | 29.4% |
| Others | 0.5 | 0.2 | 0.5 | 0.4 | -7.2% |
| Total | 23.9 | 33.2 | 34.9 | 34.1 | 12.6% |
Top Export Markets for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats from Vietnam in 2022:
- Cambodia (16.7K tons)
- Lao People's Democratic Republic (4.0K tons)
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