Price for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Belgium - 2023
Contents:
- Price for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Belgium (CIF) - 2023
- Price for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Belgium (FOB) - 2023
- Imports of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Belgium
- Exports of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Belgium
Price for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Belgium (CIF) - 2023
The average import price for fats and oils and their fractions; of fish, (excluding liver-oils)s stood at $5,229 per ton in September 2023, falling by -1.8% against the previous month. Over the period under review, import price indicated a notable increase from December 2022 to September 2023: its price increased at an average monthly rate of +4.9% over the last nine months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2023 figures, import price for fats and oils and their fractions; of fish, (excluding liver-oils)s increased by +58.0% against February 2023 indices. The pace of growth was the most pronounced in April 2023 when the average import price increased by 13% against the previous month. The import price peaked at $5,323 per ton in August 2023, and then reduced slightly in the following month.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Panama ($6,360 per ton), while the price for the UK ($2,626 per ton) was amongst the lowest.
From December 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Chile (+30.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Belgium (FOB) - 2023
The average export price for fats and oils and their fractions; of fish, (excluding liver-oils)s stood at $5,224 per ton in September 2023, with an increase of 14% against the previous month. Overall, export price indicated a resilient expansion from December 2022 to September 2023: its price increased at an average monthly rate of +5.7% over the last nine months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2023 figures, export price for fats and oils and their fractions; of fish, (excluding liver-oils)s increased by +71.8% against February 2023 indices. The most prominent rate of growth was recorded in January 2023 when the average export price increased by 38% m-o-m. Over the period under review, the average export prices hit record highs in September 2023.
As there is only one major export destination, the average price level is determined by prices for Norway.
From December 2022 to September 2023, the rate of growth in terms of prices for Iceland amounted to +347.1% per month.
Imports of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Belgium
In 2022, overseas purchases of fats and oils and their fractions; of fish, (excluding liver-oils)s decreased by -13.4% to 24K tons for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, posted significant growth. The pace of growth was the most pronounced in 2020 with an increase of 552% against the previous year.
In value terms, imports of fats and oils and their fractions; of fish, (excluding liver-oils)s surged to $72M in 2022. Over the period under review, imports, however, recorded significant growth. The growth pace was the most rapid in 2020 with an increase of 621%. Imports peaked in 2022 and are likely to continue growth in the immediate term.
| Import of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Peru | N/A | 15.7 | 18.4 | 18.7 | 9.1% |
| Oman | 0.4 | 12.0 | 4.0 | 14.3 | 229.4% |
| Netherlands | 5.2 | 7.3 | 10.8 | 13.9 | 38.8% |
| Chile | N/A | 5.1 | 10.4 | 7.7 | 22.9% |
| Iceland | N/A | N/A | N/A | 3.8 | 0% |
| India | N/A | N/A | N/A | 2.7 | 0% |
| South Africa | N/A | 0.8 | 0.1 | 2.0 | 58.1% |
| Mexico | N/A | 2.8 | 1.9 | 1.8 | -19.8% |
| Norway | N/A | 1.4 | 0.6 | 0.1 | -73.3% |
| Morocco | N/A | 2.6 | N/A | N/A | 0% |
| Others | 1.5 | 4.1 | 10.3 | 6.6 | 63.9% |
| Total | 7.2 | 51.7 | 56.5 | 71.7 | 115.1% |
Top Suppliers of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) to Belgium in 2022:
- Oman (7.0K tons)
- Peru (5.0K tons)
- Netherlands (3.9K tons)
- Chile (2.3K tons)
- Iceland (1.5K tons)
- India (0.9K tons)
- South Africa (0.7K tons)
- Mexico (0.6K tons)
- Norway (0.3K tons)
Exports of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Belgium
For the fourth year in a row, Belgium recorded growth in overseas shipments of fats and oils and their fractions; of fish, (excluding liver-oils)s, which increased by 13% to 29K tons in 2022. In general, exports showed a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 1,568%. The exports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of fats and oils and their fractions; of fish, (excluding liver-oils)s soared to $71M in 2022. Over the period under review, exports showed a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 1,077% against the previous year. The exports peaked in 2022 and are likely to continue growth in years to come.
| Export of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Norway | 0.3 | 16.6 | 14.0 | 29.2 | 360.0% |
| Iceland | N/A | N/A | 2.1 | 10.4 | 395.2% |
| Germany | N/A | 1.4 | 1.0 | 8.5 | 146.4% |
| Netherlands | 1.1 | 3.2 | 4.3 | 8.3 | 96.1% |
| France | 0.4 | 5.2 | 5.0 | 7.2 | 162.1% |
| Italy | N/A | 1.9 | 2.7 | 2.5 | 14.7% |
| Others | 1.4 | 9.6 | 20.4 | 4.4 | 46.5% |
| Total | 3.2 | 38.0 | 49.5 | 70.5 | 180.3% |
Top Export Markets for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) from Belgium in 2022:
- Norway (11.1K tons)
- France (4.1K tons)
- Netherlands (3.9K tons)
- Iceland (3.8K tons)
- Germany (2.9K tons)
- Italy (1.7K tons)
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This report provides an in-depth analysis of the market for fish fat and oil in Belgium.
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This report provides an in-depth analysis of the global market for fish fat and oil.
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This report provides an in-depth analysis of the market for fish fat and oil in Belgium.
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This report provides an in-depth analysis of the global market for fish fat and oil.
593
Over the past decade, global production of fish fat and oil rose from 3.7M tons to 11.3M tons. In value terms, production expanded significantly from $6.5B to $16.7B estimated in export prices.
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Over the past decade, global production of fish fat and oil rose from 3.7M tons to 11.3M tons. In value terms, production expanded significantly from $6.5B to $16.7B estimated in export prices.
