Price for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in the Netherlands - 2023
Contents:
- Price for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in the Netherlands (CIF) - 2023
- Price for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in the Netherlands (FOB) - 2023
- Imports of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in the Netherlands
- Exports of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in the Netherlands
Price for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in the Netherlands (CIF) - 2023
In October 2023, the average import price for vegetable oils; linseed oil and its fractions, crude, not chemically modifieds amounted to $6,761 per ton, with an increase of 138% against the previous month. Overall, the import price enjoyed buoyant growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
As there is only one major supplying country, the average price level is determined by prices for the UK.
From October 2022 to October 2023, the rate of growth in terms of prices for the UK amounted to +4.3% per month.
Price for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in the Netherlands (FOB) - 2023
The average export price for vegetable oils; linseed oil and its fractions, crude, not chemically modifieds stood at $2,046 per ton in October 2023, with an increase of 45% against the previous month. In general, the export price, however, continues to indicate a slight descent. The pace of growth was the most pronounced in September 2023 when the average export price increased by 101% month-to-month. The export price peaked at $2,452 per ton in October 2022; however, from November 2022 to October 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In October 2023, the country with the highest price was Canada ($2,502 per ton), while the average price for exports to the UK totaled $1,528 per ton.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Canada (0.0%), 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 the Netherlands
In 2022, supplies from abroad of vegetable oils; linseed oil and its fractions, crude, not chemically modifieds was finally on the rise to reach 5.3K tons after two years of decline. Over the period under review, imports, however, recorded a abrupt decrease.
In value terms, imports of vegetable oils; linseed oil and its fractions, crude, not chemically modifieds soared to $13M in 2022. In general, imports recorded a resilient increase. As a result, imports attained 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 the Netherlands (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 11.1 | 5.4 | 5.7 | 7.5 | -12.3% |
| Germany | 0.2 | 0.3 | 0.4 | 3.6 | 162.1% |
| France | N/A | N/A | 0.1 | 0.4 | 300.0% |
| Sweden | N/A | N/A | N/A | 0.2 | 0% |
| Croatia | N/A | N/A | N/A | 0.1 | 0% |
| Others | 0.1 | 0.3 | 0.2 | 1.4 | 141.0% |
| Total | 11.4 | 6.0 | 6.5 | 13.3 | 5.3% |
Top Suppliers of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified to the Netherlands in 2022:
- Belgium (3472.3 tons)
- Germany (1042.6 tons)
- Sweden (131.3 tons)
- France (115.5 tons)
- Croatia (80.6 tons)
Exports of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in the Netherlands
In 2022, the amount of vegetable oils; linseed oil and its fractions, crude, not chemically modifieds exported from the Netherlands dropped rapidly to 1K tons, waning by -52.2% against the previous year. Over the period under review, exports saw a precipitous shrinkage. The smallest decline of -15.9% was in 2021.
In value terms, exports of vegetable oils; linseed oil and its fractions, crude, not chemically modifieds shrank markedly to $2.2M in 2022. Overall, exports saw a precipitous shrinkage. The pace of growth appeared the most rapid in 2021 when exports increased by 7.1% against the previous year.
| Export of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in the Netherlands (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 1,801 | 219 | 264 | 418 | -38.5% |
| Germany | 959 | 1,998 | 2,311 | 352 | -28.4% |
| United Kingdom | 252 | N/A | 419 | 336 | 10.1% |
| Ireland | 6.1 | 4.7 | 39.6 | 210 | 225.3% |
| Guyana | 61.6 | 84.2 | 121 | 96.0 | 15.9% |
| Portugal | 59.2 | 109 | 95.0 | 92.4 | 16.0% |
| Romania | 62.5 | 89.1 | N/A | 85.9 | 11.2% |
| Spain | 343 | 467 | 313 | 79.5 | -38.6% |
| France | 1,609 | 170 | 523 | 57.7 | -67.0% |
| Malta | 24.8 | 22.8 | 10.5 | 45.2 | 22.2% |
| Tunisia | 62.0 | 65.4 | N/A | 44.4 | -10.5% |
| Trinidad and Tobago | 19.9 | 34.3 | N/A | 44.4 | 30.7% |
| Algeria | 20.8 | N/A | 34.6 | 43.2 | 27.6% |
| Others | 1,089 | 2,352 | 1,886 | 261 | -37.9% |
| Total | 6,372 | 5,616 | 6,016 | 2,165 | -30.2% |
Top Export Markets for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified from the Netherlands in 2022:
- Belgium (317.7 tons)
- Germany (134.7 tons)
- Ireland (110.8 tons)
- United Kingdom (98.1 tons)
- Guyana (45.6 tons)
- Portugal (43.1 tons)
- Spain (38.1 tons)
- Romania (36.2 tons)
- Malta (24.5 tons)
- France (23.0 tons)
- Algeria (21.5 tons)
- Tunisia (21.5 tons)
- Trinidad and Tobago (21.4 tons)
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