Non-Liquid Margarine Price in Japan - 2023

Contents:

1. Non-Liquid Margarine Price in Japan (FOB) - 2023
2. Non-Liquid Margarine Price in Japan (CIF) - 2022
3. Non-Liquid Margarine Exports in Japan
4. Non-Liquid Margarine Imports in Japan

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

In July 2023, the average non-liquid margarine export price amounted to $3,525 per ton, with a decrease of -10.8% against the previous month. Overall, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in February 2023 when the average export price increased by 11% month-to-month. As a result, the export price attained the peak level of $4,328 per ton. From March 2023 to July 2023, the the average export prices remained at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Singapore ($6,207 per ton), while the average price for exports to Taiwan (Chinese) ($2,937 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+1.5%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Liquid Margarine Price in Japan (CIF) - 2022

In 2022, the average non-liquid margarine import price amounted to $3,608 per ton, picking up by 14% against the previous year. Over the period under review, import price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, non-liquid margarine import price increased by +73.3% against 2017 indices. The most prominent rate of growth was recorded in 2021 an increase of 34% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Denmark ($6,808 per ton), while the price for Canada ($2,706 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+1.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Non-Liquid Margarine Exports in Japan

For the fourth year in a row, Japan recorded growth in shipments abroad of non-liquid margarine, which increased by 9.3% to 922 tons in 2022. Over the period under review, total exports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +25.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +99.4% against 2019 indices. The growth pace was the most rapid in 2020 when exports increased by 80%. The exports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, non-liquid margarine exports soared to $3.6M in 2022. In general, total exports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +20.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +74.9% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 47%. The exports peaked in 2022 and are expected to retain growth in years to come.

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

1. Taiwan (Chinese) (581.1 tons)
2. Hong Kong SAR (171.1 tons)
3. Singapore (83.4 tons)
4. China (41.5 tons)
5. Malaysia (31.5 tons)

Non-Liquid Margarine Imports in Japan

In 2022, approx. 205 tons of non-liquid margarine were imported into Japan; with an increase of 1.6% against 2021. The total import volume increased at an average annual rate of +1.9% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2020 when imports increased by 15% against the previous year. As a result, imports attained the peak of 222 tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, non-liquid margarine imports soared to $739K in 2022. Overall, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +18.8% 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 +67.8% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 22%. Imports peaked in 2022 and are expected to retain growth in the near future.

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

1. United States (124.8 tons)
2. Canada (32.4 tons)
3. Denmark (31.6 tons)
4. Belgium (13.9 tons)

Source: IndexBox Market Intelligence Platform