Price for Fats and Oils and Their Fractions; of Marine Mammals in Australia - 2023
Contents:
- Price for Fats and Oils and Their Fractions; of Marine Mammals in Australia (FOB) - 2022
- Price for Fats and Oils and Their Fractions; of Marine Mammals in Australia (CIF) - 2022
- Exports of Fats and Oils and Their Fractions; of Marine Mammals in Australia
- Imports of Fats and Oils and Their Fractions; of Marine Mammals in Australia
Price for Fats and Oils and Their Fractions; of Marine Mammals in Australia (FOB) - 2022
The average export price for fats and oils and their fractions; of marine mammalses stood at $24,976 per ton in 2022, waning by -9.7% against the previous year. Over the period under review, export price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for fats and oils and their fractions; of marine mammalses decreased by -38.5% against 2019 indices. The pace of growth was the most pronounced in 2018 when the average export price increased by 50%. Over the period under review, the average export prices hit record highs at $40,631 per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Sri Lanka ($32,714 per ton), while the average price for exports to Singapore ($14,874 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 Macao SAR (+6.5%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Fats and Oils and Their Fractions; of Marine Mammals in Australia (CIF) - 2022
In 2022, the average import price for fats and oils and their fractions; of marine mammalses amounted to $10,242 per ton, flattening at the previous year. Over the period under review, the import price continues to indicate a dramatic decline. The pace of growth appeared the most rapid in 2020 an increase of 116%. Over the period under review, average import prices reached the maximum at $95,752 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Canada ($25,435 per ton), while the price for Norway ($9,628 per ton) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Norway (+17.3%), while the prices for the other major suppliers experienced a decline.
Exports of Fats and Oils and Their Fractions; of Marine Mammals in Australia
In 2022, overseas shipments of fats and oils and their fractions; of marine mammalses decreased by -45.1% to 5.1 tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, recorded a significant increase. The pace of growth was the most pronounced in 2020 when exports increased by 98% against the previous year.
In value terms, exports of fats and oils and their fractions; of marine mammalses shrank notably to $129K in 2022. Over the period under review, exports, however, saw prominent growth. The pace of growth appeared the most rapid in 2021 with an increase of 85%. As a result, the exports reached the peak of $259K, and then contracted dramatically in the following year.
| Export of Fats and Oils and Their Fractions; of Marine Mammals in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 2.6 | 5.2 | 7.4 | 69.2 | 198.6% |
| Singapore | 0.3 | 1.6 | 4.5 | 29.1 | 359.5% |
| Sri Lanka | N/A | N/A | N/A | 4.4 | 0% |
| Hong Kong SAR | 52.7 | 62.6 | 113 | N/A | 46.4% |
| New Zealand | 5.1 | 9.2 | 18.6 | N/A | 91.0% |
| Macao SAR | 45.0 | 53.6 | 96.7 | N/A | 46.6% |
| China | 0.5 | 2.8 | 7.8 | N/A | 295.0% |
| Malaysia | 4.0 | 5.0 | 9.5 | N/A | 54.1% |
| Others | 0.6 | 0.6 | 1.9 | 25.9 | 250.8% |
| Total | 111 | 141 | 259 | 129 | 5.1% |
Top Export Markets for Fats and Oils and Their Fractions; of Marine Mammals from Australia in 2022:
- South Korea (3.0 tons)
- Singapore (2.0 tons)
- Sri Lanka (0.1 tons)
Imports of Fats and Oils and Their Fractions; of Marine Mammals in Australia
In 2022, approx. 3.2 tons of fats and oils and their fractions; of marine mammalses were imported into Australia; remaining constant against the previous year. Overall, imports continue to indicate a significant curtailment. The smallest decline of -98.3% was in 2020.
In value terms, imports of fats and oils and their fractions; of marine mammalses amounted to $33K in 2022. Over the period under review, imports saw a dramatic downturn. The smallest decline of -96.4% was in 2020.
| Import of Fats and Oils and Their Fractions; of Marine Mammals in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Peru | 913 | 29.0 | N/A | 21.7 | -71.2% |
| Norway | 779 | 0.2 | N/A | 7.9 | -78.4% |
| Canada | 60.2 | 34.7 | N/A | 3.2 | -62.4% |
| South Korea | 88.0 | N/A | N/A | N/A | 0% |
| Others | 3.0 | 1.8 | N/A | 0.2 | -59.5% |
| Total | 1,844 | 65.8 | N/A | 32.9 | -73.9% |
Top Suppliers of Fats and Oils and Their Fractions; of Marine Mammals to Australia in 2022:
- Peru (2251.0 kg)
- Norway (819.0 kg)
- Canada (124.0 kg)
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