Non-Liquid Margarine Price in Ireland - 2023

Contents:

1. Non-Liquid Margarine Price in Ireland (CIF) - 2023
2. Non-Liquid Margarine Price in Ireland (FOB) - 2023
3. Non-Liquid Margarine Imports in Ireland
4. Non-Liquid Margarine Exports in Ireland

Non-Liquid Margarine Price in Ireland (CIF) - 2023

The average non-liquid margarine import price stood at $2,205 per ton in June 2023, with a decrease of -4% against the previous month. Over the period from June 2022 to June 2023, it increased at an average monthly rate of +1.7%. The pace of growth appeared the most rapid in October 2022 an increase of 20% m-o-m. As a result, import price attained the peak level of $2,726 per ton. From November 2022 to June 2023, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Belgium ($4,163 per ton), while the price for Germany ($1,229 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Belgium (+5.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Non-Liquid Margarine Price in Ireland (FOB) - 2023

In June 2023, the average non-liquid margarine export price amounted to $3,015 per ton, dropping by -27.7% against the previous month. Over the period under review, export price indicated a mild expansion from June 2022 to June 2023: its price increased at an average monthly rate of +1.7% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, non-liquid margarine export price decreased by -27.7% against May 2023 indices. The pace of growth was the most pronounced in May 2023 an increase of 36% against the previous month. As a result, the export price reached the peak level of $4,168 per ton, and then reduced markedly in the following month.

As there is only one major export destination, the average price level is determined by prices for the UK.

From June 2022 to June 2023, the rate of growth in terms of prices for the UK amounted to +1.7% per month.

Non-Liquid Margarine Imports in Ireland

For the third consecutive year, Ireland recorded decline in purchases abroad of non-liquid margarine, which decreased by 0% to 8.4K tons in 2022. In general, imports recorded a pronounced curtailment. The smallest decline of -23.9% was in 2020.

In value terms, non-liquid margarine imports stood at $18M in 2022. Over the period under review, imports continue to indicate a mild expansion. The smallest decline of -41.6% was in 2020. Imports peaked in 2022 and are likely to see gradual growth in the near future.

Top Suppliers of Non-Liquid Margarine to Ireland in 2022:

1. United Kingdom (5.6K tons)
2. Poland (1.3K tons)
3. Belgium (0.8K tons)
4. Germany (0.5K tons)
5. Netherlands (0.3K tons)

Non-Liquid Margarine Exports in Ireland

In 2022, exports of non-liquid margarine from Ireland surged to 2.2K tons, with an increase of 16% against 2021 figures. In general, exports continue to indicate significant growth. The growth pace was the most rapid in 2021 with an increase of 530% against the previous year. The exports peaked in 2022 and are likely to continue growth in years to come.

In value terms, non-liquid margarine exports soared to $5.8M in 2022. Overall, exports saw a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 687%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the near future.

Top Export Markets for Non-Liquid Margarine from Ireland in 2022:

1. United Kingdom (2190.4 tons)
2. Hong Kong SAR (28.1 tons)

Source: IndexBox Market Intelligence Platform