Report Update: Apr 1, 2024

China - Animal Or Vegetable Fats And Oils Chemically Modified - Market Analysis, Forecast, Size, Trends And Insights

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Chemically Modified Oils Price in China - 2023

Chemically Modified Oils Price in China (FOB) - 2023

In September 2023, the average chemically modified oils export price amounted to $964 per ton, increasing by 5.4% against the previous month. In general, the export price, however, recorded a perceptible contraction. The most prominent rate of growth was recorded in March 2023 an increase of 8.1% against the previous month. The export price peaked at $1,375 per ton in September 2022; however, from October 2022 to September 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In September 2023, the country with the highest price was Singapore ($1,298 per ton), while the average price for exports to Italy ($855 per ton) was amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (-1.0%), while the prices for the other major destinations experienced a decline.

Chemically Modified Oils Price in China (CIF) - 2022

In 2022, the average chemically modified oils import price amounted to $1,913 per ton, rising by 51% against the previous year. Overall, import price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, chemically modified oils import price increased by +84.1% against 2019 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Sweden ($5,210 per ton), while the price for Indonesia ($1,248 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+16.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Chemically Modified Oils Exports in China

For the fourth consecutive year, China recorded growth in shipments abroad of animal or vegetable fats and oils chemically modified, which increased by 38% to 1.6M tons in 2022. In general, exports posted significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, chemically modified oils exports surged to $2.2B in 2022. Over the period under review, exports posted a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 74% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Export of Chemically Modified Oils in China (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Netherlands	184	197	248	590	47.5%
Singapore	7.3	80.7	238	452	295.6%
Spain	93.2	159	478	443	68.1%
Malaysia	81.3	115	76.3	152	23.2%
Romania	0.1	2.7	60.3	148	1039.6%
Germany	43.8	30.5	55.9	103	33.0%
Indonesia	8.9	6.2	8.7	59.2	88.1%
United States	N/A	N/A	0.2	46.8	23300.0%
Others	103	160	140	214	27.6%
Total	521	752	1,305	2,208	61.8%

Top Export Markets for Chemically Modified Oils from China in 2022:

Netherlands (415.0K tons)
Spain (321.9K tons)
Singapore (317.9K tons)
Romania (106.5K tons)
Malaysia (105.8K tons)
Germany (79.2K tons)
United States (47.6K tons)
Indonesia (42.3K tons)

Chemically Modified Oils Imports in China

In 2022, after three years of growth, there was significant decline in supplies from abroad of animal or vegetable fats and oils chemically modified, when their volume decreased by -55.9% to 26K tons. In general, imports showed a deep contraction. The growth pace was the most rapid in 2020 when imports increased by 26%.

In value terms, chemically modified oils imports declined sharply to $49M in 2022. Overall, total imports indicated a noticeable expansion from 2019 to 2022: its value increased at an average annual rate of +4.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when imports increased by 42% against the previous year.

Import of Chemically Modified Oils in China (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Malaysia	15.3	15.7	17.7	15.6	0.6%
Indonesia	7.4	15.8	32.1	11.5	15.8%
United States	6.6	8.1	7.4	9.9	14.5%
Japan	1.3	1.2	1.6	2.2	19.2%
Sweden	N/A	5.6	4.3	2.1	-38.8%
Australia	0.1	0.6	1.1	1.8	162.1%
United Kingdom	0.3	0.2	0.6	1.5	71.0%
Vietnam	2.2	4.9	2.2	N/A	0.0%
Brazil	5.2	4.8	0.6	N/A	-66.0%
Others	4.8	4.6	6.7	4.9	0.7%
Total	43.3	61.5	74.4	49.5	4.6%

Top Suppliers of Chemically Modified Oils to China in 2022:

Brazil (undefinedK tons)
Malaysia (10.4K tons)
Indonesia (9.3K tons)
United States (2.1K tons)
Japan (1.1K tons)
United Kingdom (0.5K tons)
Australia (0.4K tons)
Sweden (0.4K tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the chemically modified oils market in China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20592000 - Animal or vegetable fats and oils chemically modified

Country coverage:

China

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in China
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
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Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023