Price for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Brazil - 2024
Contents:
- Price for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Brazil (CIF) - 2024
- Price for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Brazil (FOB) - 2024
- Imports of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Brazil
- Exports of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Brazil
Price for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Brazil (CIF) - 2024
In September 2023, the average import price for fats and oils and their fractions; of fish, (excluding liver-oils)s amounted to $7,126 per ton, dropping by -5.3% against the previous month. Over the last seven months, it increased at an average monthly rate of +1.8%. The pace of growth was the most pronounced in July 2023 when the average import price increased by 12% month-to-month. As a result, import price attained the peak level of $8,129 per ton. From August 2023 to September 2023, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Chile ($7,481 per ton), while the price for Norway ($2,899 per ton) was amongst the lowest.
From February 2023 to September 2023, the most notable rate of growth in terms of prices was attained by Norway (+7.7%), 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 Brazil (FOB) - 2024
The average export price for fats and oils and their fractions; of fish, (excluding liver-oils)s stood at $2,837 per ton in September 2023, increasing by 8.9% against the previous month. Over the last seven months, it increased at an average monthly rate of +3.5%. The pace of growth appeared the most rapid in June 2023 when the average export price increased by 27% m-o-m. As a result, the export price attained the peak level of $2,851 per ton. From July 2023 to September 2023, the the average export prices failed to regain momentum.
Average prices varied somewhat for the major external markets. In September 2023, the country with the highest price was Argentina ($3,722 per ton), while the average price for exports to Mexico ($2,555 per ton) was amongst the lowest.
From February 2023 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Nigeria (+12.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Brazil
Imports of fats and oils and their fractions; of fish, (excluding liver-oils)s into Brazil soared to 5.4K tons in 2022, growing by 15% against 2021 figures. The total import volume increased at an average annual rate of +10.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 23%. Imports peaked in 2022 and are likely to continue growth in the near future.
In value terms, imports of fats and oils and their fractions; of fish, (excluding liver-oils)s surged to $25M in 2022. In general, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +13.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +79.7% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Brazil (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Chile | 10.3 | 8.8 | 10.8 | 15.8 | 15.3% |
| Peru | 4.9 | 4.1 | 5.5 | 7.2 | 13.7% |
| China | 0.1 | N/A | 0.2 | 0.7 | 91.3% |
| Others | 2.1 | 1.2 | 0.9 | 1.6 | -8.7% |
| Total | 17.4 | 14.1 | 17.5 | 25.3 | 13.3% |
Top Suppliers of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) to Brazil in 2022:
- Chile (3.6K tons)
- Peru (1.5K tons)
- China (0.1K tons)
Exports of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Brazil
In 2022, shipments abroad of fats and oils and their fractions; of fish, (excluding liver-oils)s decreased by -46.3% to 706 tons, falling for the second consecutive year after two years of growth. Over the period under review, exports saw a deep setback. The most prominent rate of growth was recorded in 2020 when exports increased by 77% against the previous year. As a result, the exports reached the peak of 2.2K tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of fats and oils and their fractions; of fish, (excluding liver-oils)s reduced to $1.2M in 2022. Overall, exports, however, continue to indicate a resilient expansion. The growth pace was the most rapid in 2020 when exports increased by 106% against the previous year. As a result, the exports reached the peak of $2.1M. From 2021 to 2022, the growth of the exports of remained at a lower figure.
| Export of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Brazil (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Chile | 397 | 1,432 | 954 | 551 | 11.5% |
| Nigeria | 228 | N/A | N/A | 422 | 22.8% |
| Argentina | 135 | 99.9 | 133 | 129 | -1.5% |
| Uruguay | 50.2 | N/A | N/A | 91.2 | 22.0% |
| Venezuela | N/A | 137 | N/A | N/A | 0% |
| Bangladesh | 120 | 160 | 287 | N/A | 54.7% |
| Others | 97.5 | 291 | 63.4 | 41.7 | -24.7% |
| Total | 1,028 | 2,120 | 1,438 | 1,234 | 6.3% |
Top Export Markets for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) from Brazil in 2022:
- Chile (361.4 tons)
- Nigeria (221.9 tons)
- Argentina (70.2 tons)
- Uruguay (47.6 tons)
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This report provides an in-depth analysis of the market for fish fat and oil in Brazil.
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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 Brazil.
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This report provides an in-depth analysis of the global market for fish fat and oil.
586
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.
