Price for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in China - 2023
Contents:
- Price for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in China (CIF) - 2023
- Price for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in China (FOB) - 2023
- Imports of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in China
- Exports of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in China
Price for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in China (CIF) - 2023
The average import price for fats and oils and their fractions; of fish, (excluding liver-oils)s stood at $12,254 per ton in September 2023, jumping by 42% against the previous month. Over the period under review, import price indicated a notable expansion from December 2022 to September 2023: its price increased at an average monthly rate of +2.5% 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 +42.9% against July 2023 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by the country of origin: the country with the highest price was Australia ($27,472 per ton), while the price for Vietnam ($1,617 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 Malaysia (+8.2%), 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 China (FOB) - 2023
In September 2023, the average export price for fats and oils and their fractions; of fish, (excluding liver-oils)s amounted to $8,454 per ton, picking up by 24% against the previous month. In general, export price indicated a moderate expansion from December 2022 to September 2023: its price increased at an average monthly rate of +3.6% over the last nine-month period. 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 +24.4% against August 2023 indices. The pace of growth was the most pronounced in May 2023 an increase of 41% against the previous month. Over the period under review, the average export prices reached the peak figure in September 2023.
There were significant differences in the average prices for the major export markets. In September 2023, the country with the highest price was South Korea ($29,656 per ton), while the average price for exports to Chile ($3,380 per ton) was amongst the lowest.
From December 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+19.8%), 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 China
In 2022, imports of fats and oils and their fractions; of fish, (excluding liver-oils)s into China amounted to 81K tons, with an increase of 3.3% on the previous year. Overall, total imports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +12.7% 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 +43.2% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 37%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in years to come.
In value terms, imports of fats and oils and their fractions; of fish, (excluding liver-oils)s soared to $371M in 2022. Over the period under review, total imports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +22.1% 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 +82.1% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 26% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in the near future.
| Import of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Peru | 45.8 | 45.3 | 93.2 | 146 | 47.2% |
| Australia | 52.7 | 49.4 | 64.9 | 57.2 | 2.8% |
| Chile | 7.4 | 12.2 | 11.9 | 18.2 | 35.0% |
| Morocco | 4.6 | 9.5 | 1.9 | 17.4 | 55.8% |
| Vietnam | 14.6 | 12.7 | 20.9 | 13.9 | -1.6% |
| Malaysia | 3.1 | 7.4 | 0.9 | 9.2 | 43.7% |
| Thailand | 3.8 | 1.3 | 4.3 | 5.2 | 11.0% |
| Others | 71.6 | 103 | 105 | 104 | 13.3% |
| Total | 204 | 241 | 303 | 371 | 22.1% |
Top Suppliers of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) to China in 2022:
- Peru (38.6K tons)
- Chile (15.8K tons)
- Vietnam (8.7K tons)
- Morocco (4.8K tons)
- Malaysia (3.5K tons)
- Australia (3.0K tons)
- Thailand (1.7K tons)
Exports of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in China
After two years of decline, overseas shipments of fats and oils and their fractions; of fish, (excluding liver-oils)s increased by 201% to 63K tons in 2022. In general, exports saw a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of fats and oils and their fractions; of fish, (excluding liver-oils)s surged to $272M in 2022. Overall, exports showed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 43.1 | 45.5 | 50.5 | 66.6 | 15.6% |
| Chile | 14.0 | 14.9 | 4.0 | 39.5 | 41.3% |
| South Korea | 3.6 | 4.8 | 14.8 | 22.0 | 82.8% |
| Australia | 3.1 | 4.8 | 5.7 | 16.4 | 74.2% |
| Canada | 18.1 | 12.0 | 11.0 | 14.9 | -6.3% |
| Japan | 5.3 | 6.4 | 9.2 | 14.6 | 40.2% |
| Spain | 7.9 | 7.2 | 8.0 | 10.3 | 9.2% |
| Vietnam | 1.8 | 0.8 | 2.2 | 1.7 | -1.9% |
| Others | 44.5 | 51.0 | 88.0 | 85.7 | 24.4% |
| Total | 141 | 147 | 193 | 272 | 24.5% |
Top Export Markets for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) from China in 2022:
- Chile (45.2K tons)
- United States (4.5K tons)
- Australia (2.2K tons)
- South Korea (1.8K tons)
- Spain (1.5K tons)
- Japan (0.8K tons)
- Canada (0.7K tons)
- Vietnam (0.4K tons)
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This report provides an in-depth analysis of the market for fish fat and oil in China.
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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 China.
738
This report provides an in-depth analysis of the global market for fish fat and oil.
581
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.
