Price for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Ethiopia - 2022
Contents:
- Price for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Ethiopia (FOB) - 2022
- Price for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Ethiopia (CIF) - 2022
- Exports of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Ethiopia
- Imports of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Ethiopia
Price for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Ethiopia (FOB) - 2022
In 2022, the average export price for vegetable oils; linseed oil and its fractions, crude, not chemically modifieds amounted to $4,621 per ton, standing approx. at the previous year. In general, the export price faced a abrupt slump. The pace of growth was the most pronounced in 2020 a decrease of 99.9% against the previous year. Over the period under review, the average export prices reached the peak figure at $12,654 per ton in 2019; however, from 2020 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 Spain.
From 2016 to 2022, the rate of growth in terms of prices for Spain amounted to 0.0% per year.
Price for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Ethiopia (CIF) - 2022
The average import price for vegetable oils; linseed oil and its fractions, crude, not chemically modifieds stood at $4,482 per ton in 2022, growing by 38% against the previous year. Overall, the import price showed a temperate increase. The pace of growth appeared the most rapid in 2021 when the average import price increased by 121% against the previous year. Over the period under review, average import prices hit record highs at $5,568 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for China.
From 2012 to 2022, the rate of growth in terms of prices for China amounted to +0.2% per year.
Exports of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Ethiopia
In 2022, after two years of decline, there was decline in shipments abroad of vegetable oils; linseed oil and its fractions, crude, not chemically modifieds, when their volume decreased by 0% to 22 tons. In general, exports recorded significant growth. The smallest decline of 99.9% was in 2020. The exports peaked in 2022 and are likely to continue growth in the near future.
In value terms, exports of vegetable oils; linseed oil and its fractions, crude, not chemically modifieds stood at $102K in 2022. Overall, exports continue to indicate a significant expansion. The smallest decline of 99.9% was in 2020. Over the period under review, the exports of hit record highs in 2022 and are likely to see steady growth in years to come.
| Export of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Ethiopia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | N/A | N/A | N/A | 102 | 0% |
| Others | 1.7 | N/A | N/A | N/A | 0% |
| Total | 1.7 | N/A | N/A | 102 | 291.5% |
Top Export Markets for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified from Ethiopia in 2022:
- Spain (22.0 tons)
Imports of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Ethiopia
In 2022, supplies from abroad of vegetable oils; linseed oil and its fractions, crude, not chemically modifieds increased by 2.5% to 249 kg for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, showed a abrupt downturn.
In value terms, imports of vegetable oils; linseed oil and its fractions, crude, not chemically modifieds soared to $1.1K in 2022. Overall, imports showed a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Ethiopia (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 588 | 402 | 789 | 831 | 12.2% |
| Belgium | N/A | 246 | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | 285 | 0% |
| Total | 588 | 648 | 789 | 1,116 | 23.8% |
Top Suppliers of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified to Ethiopia in 2022:
- China (246.0 kg)
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