Non-Liquid Margarine Price in Spain - 2023
Contents:
- Non-Liquid Margarine Price in Spain (CIF) - 2023
- Non-Liquid Margarine Price in Spain (FOB) - 2023
- Non-Liquid Margarine Imports in Spain
- Non-Liquid Margarine Exports in Spain
Non-Liquid Margarine Price in Spain (CIF) - 2023
In June 2023, the average non-liquid margarine import price amounted to $2,252 per ton, therefore, remained relatively stable against the previous month. Over the period from June 2022 to June 2023, it increased at an average monthly rate of +1.4%. The most prominent rate of growth was recorded in July 2022 an increase of 17% against the previous month. The import price peaked at $2,335 per ton in December 2022; afterwards, it flattened through to June 2023.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was the Netherlands ($3,390 per ton), while the price for Belgium ($1,931 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 Italy (+3.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Non-Liquid Margarine Price in Spain (FOB) - 2023
The average non-liquid margarine export price stood at $1,930 per ton in June 2023, which is down by -4.1% against the previous month. In general, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in August 2022 an increase of 7% m-o-m. Over the period under review, the average export prices attained the maximum at $2,014 per ton in May 2023, and then dropped modestly in the following month.
There were significant differences in the average prices for the major foreign markets. In June 2023, the country with the highest price was Switzerland ($3,770 per ton), while the average price for exports to Portugal ($1,755 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (+4.4%), while the prices for the other major destinations experienced more modest paces of growth.
Non-Liquid Margarine Imports in Spain
In 2022, after three years of growth, there was significant decline in supplies from abroad of non-liquid margarine, when their volume decreased by -13.1% to 31K tons. The total import volume increased at an average annual rate of +9.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 30%. As a result, imports attained the peak of 35K tons, and then shrank in the following year.
In value terms, non-liquid margarine imports surged to $66M in 2022. Overall, imports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 76% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to continue growth in the immediate term.
| Import of Non-Liquid Margarine in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Portugal | 3.6 | 6.5 | 24.1 | 36.3 | 116.0% |
| Italy | 5.8 | 5.3 | 9.6 | 12.0 | 27.4% |
| Belgium | 7.1 | 6.6 | 6.5 | 8.0 | 4.1% |
| Netherlands | 8.2 | 4.8 | 8.9 | 4.1 | -20.6% |
| Germany | 2.9 | 2.3 | 3.7 | 3.3 | 4.4% |
| Others | 3.0 | 5.9 | 2.4 | 2.1 | -11.2% |
| Total | 30.5 | 31.4 | 55.3 | 65.8 | 29.2% |
Top Suppliers of Non-Liquid Margarine to Spain in 2022:
- Portugal (14.6K tons)
- Italy (6.9K tons)
- Belgium (4.8K tons)
- Germany (1.9K tons)
- Netherlands (1.7K tons)
Non-Liquid Margarine Exports in Spain
In 2022, shipments abroad of non-liquid margarine was finally on the rise to reach 36K tons for the first time since 2019, thus ending a two-year declining trend. In general, exports recorded a relatively flat trend pattern. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, non-liquid margarine exports skyrocketed to $65M in 2022. Over the period under review, total exports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +19.4% 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 +70.2% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Non-Liquid Margarine in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Portugal | 16.5 | 16.6 | 26.2 | 35.3 | 28.9% |
| France | 2.8 | 3.7 | 5.4 | 8.3 | 43.7% |
| Italy | 2.0 | 1.0 | 0.6 | 2.6 | 9.1% |
| Switzerland | N/A | 0.2 | 1.0 | 2.6 | 260.6% |
| Dominican Republic | 0.1 | 2.2 | 1.0 | 2.2 | 180.2% |
| Netherlands | 1.2 | 1.3 | 0.7 | 1.7 | 12.3% |
| United Arab Emirates | 3.2 | 3.1 | 3.6 | 1.7 | -19.0% |
| Greece | 1.0 | 0.8 | 0.9 | 1.6 | 17.0% |
| Turkey | 1.2 | 1.6 | 1.9 | 1.2 | 0.0% |
| Morocco | 0.2 | 1.2 | 0.6 | 1.1 | 76.5% |
| Belgium | 1.9 | 1.8 | 0.8 | 0.6 | -31.9% |
| Others | 7.9 | 5.2 | 5.0 | 5.9 | -9.3% |
| Total | 38.0 | 38.7 | 47.6 | 64.7 | 19.4% |
Top Export Markets for Non-Liquid Margarine from Spain in 2022:
- Portugal (21.7K tons)
- France (3.9K tons)
- Italy (1.4K tons)
- Netherlands (1.0K tons)
- Switzerland (1.0K tons)
- Dominican Republic (1.0K tons)
- Greece (0.9K tons)
- United Arab Emirates (0.8K tons)
- Turkey (0.6K tons)
- Morocco (0.5K tons)
- Belgium (0.3K tons)
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