Price for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Vietnam - 2022
Contents:
- Price for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Vietnam (CIF) - 2022
- Price for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Vietnam (FOB) - 2022
- Imports of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Vietnam
- Exports of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Vietnam
Price for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Vietnam (CIF) - 2022
In 2022, the average import price for vegetable oils; linseed oil and its fractions, crude, not chemically modifieds amounted to $2,226 per ton, picking up by 19% against the previous year. Over the period under review, the import price showed prominent growth. The most prominent rate of growth was recorded in 2021 an increase of 53% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.
As there is only one major supplying country, the average price level is determined by prices for China.
From 2012 to 2022, the rate of growth in terms of prices for India amounted to +10.7% per year.
Price for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Vietnam (FOB) - 2022
In 2022, the average export price for vegetable oils; linseed oil and its fractions, crude, not chemically modifieds amounted to $7,850 per ton, surging by 4.1% against the previous year. Over the period under review, the export price, however, showed a noticeable contraction. The pace of growth was the most pronounced in 2013 an increase of 15% against the previous year. As a result, the export price reached the peak level of $15,000 per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for South Korea.
From 2012 to 2022, the rate of growth in terms of prices for South Korea amounted to -4.9% per year.
Imports of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Vietnam
In 2022, imports of vegetable oils; linseed oil and its fractions, crude, not chemically modifieds into Vietnam shrank notably to 29 tons, with a decrease of -67.5% on 2021 figures. Overall, imports continue to indicate a sharp downturn. The most prominent rate of growth was recorded in 2021 with an increase of 201% against the previous year. As a result, imports reached the peak of 88 tons, and then reduced dramatically in the following year.
In value terms, imports of vegetable oils; linseed oil and its fractions, crude, not chemically modifieds fell rapidly to $64K in 2022. In general, imports recorded a noticeable descent. The pace of growth appeared the most rapid in 2021 when imports increased by 359% against the previous year. As a result, imports reached the peak of $164K, and then contracted remarkably in the following year.
| Import of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 9.6 | 16.3 | 81.0 | 63.7 | 87.9% |
| Belgium | 44.7 | 13.3 | 47.3 | N/A | 2.9% |
| India | 2.1 | N/A | 6.6 | N/A | 77.3% |
| Singapore | 4.5 | 2.5 | 10.7 | N/A | 54.2% |
| Others | 9.0 | 3.7 | 18.6 | N/A | 43.8% |
| Total | 69.9 | 35.8 | 164 | 63.7 | -3.0% |
Top Suppliers of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified to Vietnam in 2022:
- China (28.6 tons)
Exports of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Vietnam
After three years of growth, overseas shipments of vegetable oils; linseed oil and its fractions, crude, not chemically modifieds decreased by -16.7% to 20 kg in 2022. In general, exports, however, showed buoyant growth. The pace of growth was the most pronounced in 2021 when exports increased by 60% against the previous year. As a result, the exports attained the peak of 24 kg, and then dropped sharply in the following year.
In value terms, exports of vegetable oils; linseed oil and its fractions, crude, not chemically modifieds declined to $157 in 2022. Over the period under review, total exports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +11.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +37.7% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 36%. As a result, the exports attained the peak of $181, and then fell in the following year.
| Export of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Vietnam (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 114 | 133 | 4.0 | 157 | 11.3% |
| Slovakia | N/A | N/A | 7.0 | N/A | 0% |
| Canada | N/A | N/A | 170 | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 114 | 133 | 181 | 157 | 11.3% |
Top Export Markets for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified from Vietnam in 2022:
- South Korea (20.0 kg)
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