Price for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Spain - 2023
Contents:
- Price for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Spain (CIF) - 2023
- Price for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Spain (FOB) - 2022
- Imports of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Spain
- Exports of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Spain
Price for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Spain (CIF) - 2023
The average import price for vegetable oils; linseed oil and its fractions, crude, not chemically modifieds stood at $2,972 per ton in October 2023, growing by 14% against the previous month. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in May 2023 an increase of 247% month-to-month. Over the period under review, average import prices attained the peak figure at $3,499 per ton in February 2023; however, from March 2023 to October 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the Netherlands ($3,983 per ton), while the price for Belgium ($1,455 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 Portugal (+1.0%), 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 Spain (FOB) - 2022
The average export price for vegetable oils; linseed oil and its fractions, crude, not chemically modifieds stood at $3,038 per ton in 2022, increasing by 28% against the previous year. In general, export price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +2.5% 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 vegetable oils; linseed oil and its fractions, crude, not chemically modifieds increased by +88.5% against 2017 indices. The most prominent rate of growth was recorded in 2020 when the average export price increased by 36%. The export price peaked in 2022 and is expected to retain growth in the near future.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Poland ($2,996 per ton) and Italy ($2,988 per ton), while the average price for exports to France ($2,710 per ton) and Portugal ($2,774 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 Italy (+2.4%), while the prices for the other major destinations experienced a decline.
Imports of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Spain
In 2022, imports of vegetable oils; linseed oil and its fractions, crude, not chemically modifieds into Spain skyrocketed to 2.8K tons, increasing by 57% compared with 2021 figures. Over the period under review, imports enjoyed significant growth. The growth pace was the most rapid in 2021 with an increase of 143%. Imports peaked in 2022 and are likely to see gradual growth in the near future.
In value terms, imports of vegetable oils; linseed oil and its fractions, crude, not chemically modifieds surged to $6.7M in 2022. Overall, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 208%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the immediate term.
| Import of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Spain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Portugal | 597 | 395 | 2,888 | 5,710 | 112.3% |
| Belgium | 213 | 263 | 574 | 585 | 40.0% |
| Netherlands | 63.2 | 45.2 | 38.5 | 275 | 63.3% |
| Italy | 48.9 | 418 | 16.2 | 11.9 | -37.6% |
| Others | 122 | 112 | 283 | 125 | 0.8% |
| Total | 1,044 | 1,233 | 3,799 | 6,707 | 85.9% |
Top Suppliers of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified to Spain in 2022:
- Portugal (2363.1 tons)
- Belgium (365.9 tons)
- Netherlands (52.0 tons)
- Italy (1.1 tons)
Exports of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Spain
In 2022, exports of vegetable oils; linseed oil and its fractions, crude, not chemically modifieds from Spain declined notably to 488 tons, reducing by -66.1% compared with the year before. Over the period under review, exports saw a dramatic slump. The most prominent rate of growth was recorded in 2021 when exports increased by 25%.
In value terms, exports of vegetable oils; linseed oil and its fractions, crude, not chemically modifieds declined significantly to $1.5M in 2022. Overall, exports showed a significant curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by 31%. As a result, the exports attained the peak of $3.4M, and then dropped dramatically in the following year.
| Export of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Spain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 2,277 | 1,897 | 2,321 | 1,110 | -21.3% |
| France | 62.5 | 1.6 | 177 | 172 | 40.1% |
| Portugal | 95.5 | 125 | 662 | 71.3 | -9.3% |
| Poland | 11.1 | 30.5 | 70.0 | 68.6 | 83.5% |
| Germany | 407 | 204 | N/A | 40.8 | -53.5% |
| Others | 294 | 348 | 187 | 19.5 | -59.5% |
| Total | 3,147 | 2,606 | 3,418 | 1,483 | -22.2% |
Top Export Markets for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified from Spain in 2022:
- Italy (371.4 tons)
- France (63.7 tons)
- Portugal (25.7 tons)
- Poland (22.9 tons)
- Germany (2.6 tons)
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