Price for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Thailand - 2024
Contents:
- Price for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Thailand (CIF) - 2022
- Price for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Thailand (FOB) - 2022
- Imports of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Thailand
- Exports of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Thailand
Price for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Thailand (CIF) - 2022
In 2022, the average import price for vegetable oils; linseed oil and its fractions, crude, not chemically modifieds amounted to $3,166 per ton, picking up by 52% against the previous year. In general, the import price showed a resilient expansion. The pace of growth was the most pronounced in 2019 an increase of 65% against the previous year. 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 Canada ($6,615 per ton), while the price for Belgium ($2,384 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+4.3%), 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 Thailand (FOB) - 2022
The average export price for vegetable oils; linseed oil and its fractions, crude, not chemically modifieds stood at $6,818 per ton in 2022, which is down by -5.2% against the previous year. Over the period under review, the export price, however, recorded a strong expansion. The growth pace was the most rapid in 2018 an increase of 308% against the previous year. Over the period under review, the average export prices hit record highs at $7,192 per ton in 2021, and then contracted in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($8,125 per ton), while the average price for exports to Singapore ($1,000 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 Hong Kong SAR (+23.3%).
Imports of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Thailand
In 2022, after three years of growth, there was significant decline in supplies from abroad of vegetable oils; linseed oil and its fractions, crude, not chemically modifieds, when their volume decreased by -17.4% to 373 tons. Over the period under review, imports, however, continue to indicate a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 128%.
In value terms, imports of vegetable oils; linseed oil and its fractions, crude, not chemically modifieds soared to $1.2M in 2022. Overall, imports, however, posted a significant expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 126% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the near future.
| Import of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 83.6 | 168 | 609 | 490 | 80.3% |
| Canada | N/A | 80.7 | 80.1 | 402 | 123.2% |
| Germany | 121 | 112 | 180 | 220 | 22.1% |
| Japan | 40.8 | 37.3 | 49.5 | 56.4 | 11.4% |
| Others | 17.5 | 18.7 | 23.5 | 11.8 | -12.3% |
| Total | 263 | 417 | 943 | 1,180 | 64.9% |
Top Suppliers of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified to Thailand in 2022:
- Belgium (205.6 tons)
- Germany (91.2 tons)
- Canada (60.8 tons)
- Japan (14.7 tons)
Exports of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Thailand
After two years of growth, overseas shipments of vegetable oils; linseed oil and its fractions, crude, not chemically modifieds decreased by -9.6% to 66 kg in 2022. Overall, exports, however, enjoyed a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 284% against the previous year. As a result, the exports attained the peak of 73 kg, and then shrank in the following year.
In value terms, exports of vegetable oils; linseed oil and its fractions, crude, not chemically modifieds reduced to $450 in 2022. Over the period under review, exports, however, continue to indicate significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 582% against the previous year. As a result, the exports reached the peak of $525, and then declined in the following year.
| Export of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Thailand (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| China | N/A | N/A | 384 | 0% | |
| Hong Kong SAR | 60.0 | 513 | 65.0 | 4.1% | |
| Singapore | 16.0 | 12.0 | 1.0 | -75.0% | |
| Others | 1.0 | N/A | N/A | 0% | |
| Total | 77.0 | 525 | 450 | 141.7% | |
Top Export Markets for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified from Thailand in 2022:
- China (57.0 kg)
- Hong Kong SAR (8.0 kg)
- Singapore (1.0 kg)
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