Non-Liquid Margarine Price in the UK - 2023
Contents:
- Non-Liquid Margarine Price in the UK (CIF) - 2023
- Non-Liquid Margarine Price in the UK (FOB) - 2023
- Non-Liquid Margarine Imports in the UK
- Non-Liquid Margarine Exports in the UK
Non-Liquid Margarine Price in the UK (CIF) - 2023
The average non-liquid margarine import price stood at $2,063 per ton in June 2023, rising by 3.9% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +2.3%. The most prominent rate of growth was recorded in July 2022 when the average import price increased by 22% m-o-m. Over the period under review, average import prices reached the maximum at $2,110 per ton in December 2022; afterwards, it flattened through to June 2023.
Average prices varied somewhat amongst the major supplying countries. In June 2023, the highest price was recorded for prices from Belgium ($2,446 per ton) and the Netherlands ($2,114 per ton), while the price for Germany ($1,739 per ton) and Poland ($1,981 per ton) were amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Poland (+2.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Non-Liquid Margarine Price in the UK (FOB) - 2023
In June 2023, the average non-liquid margarine export price amounted to $1,729 per ton, dropping by -15.8% against the previous month. Overall, the export price continues to indicate a perceptible slump. The most prominent rate of growth was recorded in January 2023 an increase of 15% month-to-month. Over the period under review, the average export prices hit record highs at $2,556 per ton in July 2022; however, from August 2022 to June 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Cyprus ($4,543 per ton), while the average price for exports to Belgium ($1,306 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Cyprus (+2.3%), while the prices for the other major destinations experienced mixed trend patterns.
Non-Liquid Margarine Imports in the UK
Non-liquid margarine imports into the UK surged to 134K tons in 2022, rising by 48% on the year before. Over the period under review, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +13.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +66.2% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, non-liquid margarine imports soared to $230M in 2022. In general, imports enjoyed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Non-Liquid Margarine in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 29.5 | 30.1 | 49.8 | 98.2 | 49.3% |
| Germany | 25.7 | 25.0 | 24.6 | 45.1 | 20.6% |
| Belgium | 25.3 | 18.9 | 23.4 | 37.3 | 13.8% |
| Netherlands | 32.1 | 28.2 | 37.6 | 35.9 | 3.8% |
| Portugal | 1.4 | 2.5 | 1.8 | 4.5 | 47.6% |
| Others | 7.6 | 3.8 | 3.0 | 9.4 | 7.3% |
| Total | 122 | 108 | 140 | 230 | 23.5% |
Top Suppliers of Non-Liquid Margarine to the UK in 2022:
- Poland (60.2K tons)
- Germany (30.5K tons)
- Netherlands (20.7K tons)
- Belgium (17.3K tons)
- Portugal (2.5K tons)
Non-Liquid Margarine Exports in the UK
In 2022, the amount of non-liquid margarine exported from the UK shrank to 5.6K tons, waning by -11% on the previous year's figure. Overall, exports recorded a abrupt slump. The pace of growth was the most pronounced in 2021 with an increase of 38% against the previous year.
In value terms, non-liquid margarine exports dropped to $12M in 2022. In general, exports continue to indicate a abrupt curtailment. The growth pace was the most rapid in 2021 with an increase of 44%.
| Export of Non-Liquid Margarine in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ireland | 13.9 | 5.1 | 9.5 | 4.8 | -29.8% |
| Belgium | 0.4 | 0.6 | N/A | 1.3 | 48.1% |
| Cyprus | 0.1 | 0.5 | 0.9 | 1.2 | 128.9% |
| Greece | 0.1 | 0.1 | 0.5 | 0.6 | 81.7% |
| Iceland | 0.1 | 0.3 | 0.4 | 0.3 | 44.2% |
| China | 0.2 | 0.2 | 0.2 | 0.3 | 14.5% |
| Spain | 0.1 | 0.4 | 0.2 | 0.3 | 44.2% |
| Malta | 1.2 | 0.5 | 1.1 | 0.2 | -45.0% |
| Poland | 0.3 | 0.3 | 0.1 | 0.1 | -30.7% |
| France | 1.8 | N/A | N/A | N/A | 0% |
| Others | 1.1 | 1.4 | 0.6 | 3.4 | 45.7% |
| Total | 19.3 | 9.4 | 13.5 | 12.4 | -13.7% |
Top Export Markets for Non-Liquid Margarine from the UK in 2022:
- Ireland (2883.0 tons)
- Belgium (747.0 tons)
- Cyprus (336.8 tons)
- Greece (130.3 tons)
- China (125.0 tons)
- Spain (91.5 tons)
- Iceland (80.9 tons)
- Malta (39.2 tons)
- Poland (37.2 tons)
- France (4.2 tons)
315
This report provides an in-depth analysis of the margarine spread market in the UK.
685
This report provides an in-depth analysis of the margarine and shortening market in the UK.
575
Global Margarine Spread Market Report 2018. This report provides an in-depth analysis of the global margarine spread market.
2033
This report provides an in-depth analysis of the global margarine and shortening market.
315
This report provides an in-depth analysis of the margarine spread market in the UK.
685
This report provides an in-depth analysis of the margarine and shortening market in the UK.
575
Global Margarine Spread Market Report 2018. This report provides an in-depth analysis of the global margarine spread market.
2033
This report provides an in-depth analysis of the global margarine and shortening market.
112
Explore the top import markets for margarine and shortening globally, including key statistics and market insights.
5331
Global margarine and shortening consumption amounted to X thousand tons in 2015, remaining stable against the previous year level.
4501
In 2015, the country with the largest volume of the margarine and shortening output was the United States (X thousand tons), accounting for X% of global production.
112
Explore the top import markets for margarine and shortening globally, including key statistics and market insights.
5331
Global margarine and shortening consumption amounted to X thousand tons in 2015, remaining stable against the previous year level.
4501
In 2015, the country with the largest volume of the margarine and shortening output was the United States (X thousand tons), accounting for X% of global production.
