Price for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Ireland - 2023
Contents:
- Price for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Ireland (CIF) - 2023
- Price for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Ireland (FOB) - 2022
- Imports of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Ireland
- Exports of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Ireland
Price for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Ireland (CIF) - 2023
In October 2023, the average import price for vegetable oils; linseed oil and its fractions, crude, not chemically modifieds amounted to $1,694 per ton, declining by -2.5% against the previous month. Over the period under review, the import price saw a mild setback. The pace of growth appeared the most rapid in December 2022 when the average import price increased by 37% m-o-m. As a result, import price reached the peak level of $2,928 per ton. From January 2023 to October 2023, the average import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In October 2023, the country with the highest price was Belgium ($1,792 per ton), while the price for the UK ($1,462 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by France (+7.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Ireland (FOB) - 2022
In 2022, the average export price for vegetable oils; linseed oil and its fractions, crude, not chemically modifieds amounted to $2,645 per ton, therefore, remained relatively stable against the previous year. Overall, the export price continues to indicate a mild curtailment. The most prominent rate of growth was recorded in 2014 an increase of 8.3% against the previous year. As a result, the export price reached the peak level of $3,439 per ton. From 2015 to 2022, the average export prices failed to regain momentum.
Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Saudi Arabia ($3,230 per ton) and Singapore ($3,024 per ton), while the average price for exports to France ($2,388 per ton) and Israel ($2,530 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+1.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Ireland
In 2022, overseas purchases of vegetable oils; linseed oil and its fractions, crude, not chemically modifieds decreased by 0% to 474 tons, falling for the second consecutive year after two years of growth. Over the period under review, imports continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 367% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, imports of vegetable oils; linseed oil and its fractions, crude, not chemically modifieds totaled $967K in 2022. Overall, imports continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 354% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.
| Import of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Ireland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 4.7 | 17.8 | N/A | 368 | 327.8% |
| France | N/A | 134 | N/A | 313 | 52.8% |
| Netherlands | N/A | 103 | N/A | 150 | 20.7% |
| United Kingdom | 79.0 | 121 | N/A | 73.1 | -2.6% |
| United States | N/A | N/A | N/A | 23.2 | 0% |
| Canada | N/A | N/A | N/A | 21.5 | 0% |
| Germany | N/A | 13.2 | N/A | 13.4 | 0.8% |
| Poland | 3.9 | 7.9 | N/A | 5.3 | 10.8% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 87.6 | 397 | N/A | 967 | 122.7% |
Top Suppliers of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified to Ireland in 2022:
- Belgium (202.9 tons)
- France (114.1 tons)
- Netherlands (77.9 tons)
- United Kingdom (32.0 tons)
- United States (17.3 tons)
- Canada (15.3 tons)
- Germany (10.1 tons)
- Poland (4.4 tons)
Exports of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Ireland
In 2022, overseas shipments of vegetable oils; linseed oil and its fractions, crude, not chemically modifieds decreased by 0% to 73 tons, falling for the second consecutive year after two years of growth. Over the period under review, exports saw a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 115%. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, exports of vegetable oils; linseed oil and its fractions, crude, not chemically modifieds amounted to $193K in 2022. In general, exports saw a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 130% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.
| Export of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Ireland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 6.0 | 8.0 | N/A | 51.3 | 104.5% |
| United Kingdom | 14.9 | 42.1 | N/A | 28.8 | 24.6% |
| South Korea | N/A | N/A | N/A | 23.7 | 0% |
| Japan | 9.7 | 19.9 | N/A | 23.2 | 33.7% |
| Singapore | N/A | N/A | N/A | 15.0 | 0% |
| Israel | N/A | 0.9 | N/A | 11.9 | 263.6% |
| Saudi Arabia | N/A | 5.1 | N/A | 7.1 | 18.0% |
| Italy | 5.1 | 7.4 | N/A | 4.5 | -4.1% |
| Switzerland | 4.1 | 5.1 | N/A | 4.5 | 3.2% |
| Australia | N/A | 7.1 | N/A | 2.1 | -45.6% |
| Others | 6.9 | 12.1 | N/A | 20.5 | 43.8% |
| Total | 46.7 | 107 | N/A | 193 | 60.5% |
Top Export Markets for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified from Ireland in 2022:
- France (21.5 tons)
- United Kingdom (10.4 tons)
- Japan (9.0 tons)
- South Korea (8.6 tons)
- Singapore (5.0 tons)
- Israel (4.7 tons)
- Saudi Arabia (2.2 tons)
- Italy (1.6 tons)
- Switzerland (1.6 tons)
- Australia (0.8 tons)
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