Price for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Finland - 2023
Contents:
- Price for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Finland (FOB) - 2023
- Price for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Finland (CIF) - 2022
- Exports of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Finland
- Imports of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Finland
Price for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Finland (FOB) - 2023
The average export price for fats and oils and their fractions; of fish, (excluding liver-oils)s stood at $6,271 per ton in August 2023, growing by 6.4% against the previous month. In general, the export price posted buoyant growth. The most prominent rate of growth was recorded in February 2023 an increase of 321% m-o-m. As a result, the export price attained the peak level of $8,183 per ton. From March 2023 to August 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 France ($6,257 per ton), while the average price for exports to Latvia ($2,880 per ton) was amongst the lowest.
From November 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Denmark (+7.4%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Finland (CIF) - 2022
The average import price for fats and oils and their fractions; of fish, (excluding liver-oils)s stood at $2,665 per ton in 2022, with an increase of 36% against the previous year. Overall, the import price, however, showed a mild decrease. The most prominent rate of growth was recorded in 2019 an increase of 49%. The import price peaked at $5,486 per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.
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 Germany ($16,806 per ton), while the price for Denmark ($584 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Peru (+20.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Finland
In 2022, approx. 2.8K tons of fats and oils and their fractions; of fish, (excluding liver-oils)s were exported from Finland; picking up by 79% on the year before. Overall, exports showed significant growth. 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 skyrocketed to $7M in 2022. In general, exports saw significant growth. 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 Finland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Denmark | 1,627 | 2,401 | 1,665 | 3,781 | 32.5% |
| Greece | 0.1 | 175 | N/A | 1,996 | 2612.6% |
| Turkey | 87.6 | 383 | 240 | 742 | 103.8% |
| Spain | N/A | 0.1 | 228 | 383 | 6088.7% |
| Nigeria | N/A | N/A | 179 | N/A | 0% |
| Others | 10.9 | 48.5 | 205 | 144 | 136.4% |
| Total | 1,726 | 3,007 | 2,517 | 7,046 | 59.8% |
Top Export Markets for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) from Finland in 2022:
- Denmark (1423.0 tons)
- Greece (686.2 tons)
- Turkey (569.5 tons)
- Spain (52.5 tons)
Imports of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Finland
In 2022, approx. 1.1K tons of fats and oils and their fractions; of fish, (excluding liver-oils)s were imported into Finland; almost unchanged from the previous year. In general, imports, however, showed a noticeable contraction. The pace of growth appeared the most rapid in 2021 when imports increased by 46% against the previous year.
In value terms, imports of fats and oils and their fractions; of fish, (excluding liver-oils)s surged to $3M in 2022. Over the period under review, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +5.0% 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 +80.4% against 2020 indices. As a result, imports reached 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 Finland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 80.5 | 865 | 1,227 | 1,112 | 139.9% |
| Estonia | N/A | 8.5 | 331 | 906 | 932.4% |
| Norway | 706 | 306 | 403 | 440 | -14.6% |
| Germany | 8.6 | 59.6 | 95.0 | 412 | 263.2% |
| Denmark | 394 | 123 | 6.6 | 2.0 | -82.8% |
| Others | 1,417 | 310 | 145 | 144 | -53.3% |
| Total | 2,606 | 1,672 | 2,207 | 3,016 | 5.0% |
Top Suppliers of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) to Finland in 2022:
- Estonia (463.1 tons)
- Norway (430.4 tons)
- Sweden (195.2 tons)
- Germany (24.5 tons)
- Denmark (3.4 tons)
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This report provides an in-depth analysis of the market for fish fat and oil in Finland.
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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 Finland.
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This report provides an in-depth analysis of the global market for fish fat and oil.
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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.
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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.
