Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Ukraine - 2023
Contents:
- Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Ukraine (FOB) - 2023
- Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Ukraine (CIF) - 2022
- Exports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Ukraine
- Imports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Ukraine
Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Ukraine (FOB) - 2023
In October 2023, the average export price for liquid margarine and edible mixtures of animal or vegetable fats amounted to $2,132 per ton, picking up by 3.2% against the previous month. Overall, the export price, however, saw a slight shrinkage. The pace of growth appeared the most rapid in December 2022 an increase of 3.3% month-to-month. As a result, the export price attained the peak level of $2,636 per ton. From January 2023 to October 2023, the the average export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In October 2023, the country with the highest price was Kazakhstan ($2,733 per ton), while the average price for exports to Bulgaria ($1,395 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Israel (+2.3%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Ukraine (CIF) - 2022
The average import price for liquid margarine and edible mixtures of animal or vegetable fats stood at $3,605 per ton in 2022, reducing by -5.7% against the previous year. Overall, import price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for liquid margarine and edible mixtures of animal or vegetable fats increased by +59.9% against 2014 indices. The pace of growth was the most pronounced in 2018 when the average import price increased by 17% against the previous year. Over the period under review, average import prices reached the maximum at $3,821 per ton in 2021, and then contracted in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Poland ($5,127 per ton), while the price for Indonesia ($2,046 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+5.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Ukraine
After three years of growth, shipments abroad of liquid margarine and edible mixtures of animal or vegetable fats decreased by -56% to 19K tons in 2022. In general, exports continue to indicate a sharp descent. The growth pace was the most rapid in 2021 with an increase of 7.7% against the previous year. As a result, the exports reached the peak of 44K tons, and then contracted sharply in the following year.
In value terms, exports of liquid margarine and edible mixtures of animal or vegetable fats dropped dramatically to $46M in 2022. Over the period under review, exports faced a deep setback. The growth pace was the most rapid in 2021 when exports increased by 16%. As a result, the exports attained the peak of $72M, and then contracted markedly in the following year.
| Export of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Ukraine (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Moldova | 3.0 | 3.9 | 6.4 | 8.0 | 38.7% |
| Kazakhstan | 29.0 | 25.1 | 6.7 | 5.9 | -41.2% |
| Georgia | 3.7 | 3.5 | 5.0 | 4.8 | 9.1% |
| Romania | 1.5 | 3.9 | 8.9 | 3.9 | 37.5% |
| Jordan | 1.1 | 1.3 | 2.2 | 2.6 | 33.2% |
| Lebanon | 1.2 | 2.0 | 3.2 | 2.4 | 26.0% |
| Azerbaijan | 6.3 | 5.8 | 5.4 | 2.3 | -28.5% |
| Iraq | 0.2 | 0.9 | 1.4 | 2.2 | 122.4% |
| Bulgaria | 0.8 | 2.9 | 5.0 | 1.7 | 28.6% |
| Qatar | 1.6 | 2.3 | 3.0 | 1.2 | -9.1% |
| Israel | 0.6 | 0.4 | 0.7 | 1.2 | 26.0% |
| Kuwait | 2.1 | 0.4 | 1.5 | 1.0 | -21.9% |
| Greece | N/A | 0.1 | 0.9 | 0.9 | 200.0% |
| Others | 13.4 | 9.6 | 21.2 | 7.4 | -18.0% |
| Total | 64.5 | 62.0 | 71.6 | 45.5 | -11.0% |
Top Export Markets for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats from Ukraine in 2022:
- Moldova (3.9K tons)
- Romania (2.2K tons)
- Georgia (2.0K tons)
- Kazakhstan (1.9K tons)
- Lebanon (1.0K tons)
- Jordan (1.0K tons)
- Azerbaijan (0.9K tons)
- Iraq (0.9K tons)
- Bulgaria (0.9K tons)
- Qatar (0.5K tons)
- Kuwait (0.4K tons)
- Israel (0.4K tons)
- Greece (0.4K tons)
Imports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Ukraine
In 2022, imports of liquid margarine and edible mixtures of animal or vegetable fats into Ukraine reduced to 11K tons, declining by -8.2% against the previous year's figure. In general, imports recorded a mild reduction. The most prominent rate of growth was recorded in 2021 with an increase of 7.2%. As a result, imports reached the peak of 12K tons, and then contracted in the following year.
In value terms, imports of liquid margarine and edible mixtures of animal or vegetable fats reduced to $40M in 2022. The total import value increased at an average annual rate of +2.8% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2021 with an increase of 21% against the previous year. As a result, imports attained the peak of $46M, and then shrank in the following year.
| Import of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Ukraine (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 15.3 | 14.7 | 15.4 | 19.4 | 8.2% |
| Belgium | 3.6 | 5.3 | 7.4 | 7.9 | 29.9% |
| Netherlands | 0.6 | 1.1 | 1.4 | 2.6 | 63.0% |
| Poland | 3.3 | 2.2 | 3.2 | 2.3 | -11.3% |
| Malaysia | 1.5 | 1.4 | 1.6 | 0.7 | -22.4% |
| Indonesia | 0.6 | 0.4 | 0.8 | 0.4 | -12.6% |
| Others | 12.1 | 13.4 | 16.7 | 6.9 | -17.1% |
| Total | 37.0 | 38.3 | 46.5 | 40.2 | 2.8% |
Top Suppliers of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats to Ukraine in 2022:
- Sweden (6.5K tons)
- Belgium (2.7K tons)
- Netherlands (0.8K tons)
- Poland (0.5K tons)
- Indonesia (0.2K tons)
- Malaysia (0.2K tons)
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