Price for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Venezuela - 2022
Contents:
- Price for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Venezuela (CIF) - 2022
- Imports of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Venezuela
Price for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Venezuela (CIF) - 2022
In 2022, the average import price for vegetable oils; linseed oil and its fractions, crude, not chemically modifieds amounted to $6,553 per ton, shrinking by -8.3% against the previous year. In general, the import price, however, enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2019 when the average import price increased by 38%. The import price peaked at $7,145 per ton in 2021, and then reduced in the following year.
As there is only one major supplying country, the average price level is determined by prices for Germany.
From 2012 to 2022, the rate of growth in terms of prices for Germany amounted to +5.2% per year.
Imports of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Venezuela
In 2022, imports of vegetable oils; linseed oil and its fractions, crude, not chemically modifieds into Venezuela was estimated at 760 kg, approximately equating the year before. Over the period under review, imports continue to indicate a relatively flat trend pattern. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in the near future.
In value terms, imports of vegetable oils; linseed oil and its fractions, crude, not chemically modifieds declined to $5K in 2022. The total import value increased at an average annual rate of +7.4% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 20% against the previous year. As a result, imports reached the peak of $5.4K, and then contracted in the following year.
| Import of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Venezuela (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 4.0 | 4.5 | 5.4 | 5.0 | 7.7% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 4.0 | 4.5 | 5.4 | 5.0 | 7.7% |
Top Suppliers of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified to Venezuela in 2022:
- Germany (760.0 kg)
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