Price for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Austria - 2023
Contents:
- Price for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Austria (FOB) - 2022
- Price for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Austria (CIF) - 2022
- Exports of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Austria
- Imports of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Austria
Price for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Austria (FOB) - 2022
In 2022, the average export price for vegetable oils; linseed oil and its fractions, crude, not chemically modifieds amounted to $5,104 per ton, surging by 5.7% against the previous year. In general, the export price, however, recorded a deep downturn. The most prominent rate of growth was recorded in 2016 an increase of 35% against the previous year. The export price peaked at $10,863 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($6,104 per ton), while the average price for exports to Germany ($4,865 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (-3.6%), while the prices for the other major destinations experienced a decline.
Price for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Austria (CIF) - 2022
In 2022, the average import price for vegetable oils; linseed oil and its fractions, crude, not chemically modifieds amounted to $4,464 per ton, rising by 1.6% against the previous year. Overall, import price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of +6.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for vegetable oils; linseed oil and its fractions, crude, not chemically modifieds increased by +23.5% against 2018 indices. The most prominent rate of growth was recorded in 2014 when the average import price increased by 18%. The import price peaked in 2022 and is expected to retain growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Hungary ($10,521 per ton), while the price for Belgium ($2,518 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+5.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Austria
For the fourth year in a row, Austria recorded growth in shipments abroad of vegetable oils; linseed oil and its fractions, crude, not chemically modifieds, which increased by 4.9% to 504 tons in 2022. Over the period under review, exports enjoyed a significant expansion. The growth pace was the most rapid in 2020 with an increase of 100% against the previous year. Over the period under review, the exports of attained the maximum in 2022 and are likely to see steady growth in the immediate term.
In value terms, exports of vegetable oils; linseed oil and its fractions, crude, not chemically modifieds rose notably to $2.6M in 2022. In general, exports posted a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 67% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are likely to see gradual growth in the near future.
| Export of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Austria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 919 | 1,455 | 2,009 | 2,133 | 32.4% |
| Italy | 11.0 | 47.3 | 99.6 | 137 | 131.8% |
| Switzerland | 61.7 | 55.2 | 25.3 | 119 | 24.5% |
| Others | 41.9 | 167 | 188 | 184 | 63.8% |
| Total | 1,033 | 1,725 | 2,322 | 2,573 | 35.6% |
Top Export Markets for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified from Austria in 2022:
- Germany (438.4 tons)
- Italy (22.4 tons)
- Switzerland (19.6 tons)
Imports of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Austria
After two years of decline, overseas purchases of vegetable oils; linseed oil and its fractions, crude, not chemically modifieds increased by 5.2% to 213 tons in 2022. Overall, imports, however, recorded a deep setback.
In value terms, imports of vegetable oils; linseed oil and its fractions, crude, not chemically modifieds expanded sharply to $950K in 2022. In general, imports, however, saw a abrupt slump.
| Import of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Austria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 1,144 | 925 | 857 | 845 | -9.6% |
| Hungary | N/A | N/A | N/A | 69.0 | 0% |
| Belgium | 29.4 | N/A | N/A | 11.6 | -26.7% |
| Others | 24.0 | 24.1 | 32.1 | 23.9 | -0.1% |
| Total | 1,198 | 949 | 889 | 950 | -7.4% |
Top Suppliers of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified to Austria in 2022:
- Germany (199.0 tons)
- Hungary (6.6 tons)
- Belgium (4.6 tons)
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