Price for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Luxembourg - 2023

Contents:

  1. Price for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Luxembourg (CIF) - 2022
  2. Price for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Luxembourg (FOB) - 2022
  3. Imports of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Luxembourg
  4. Exports of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Luxembourg

Price for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Luxembourg (CIF) - 2022

In 2022, the average import price for fats and oils and their fractions; of fish, (excluding liver-oils)s amounted to $16,396 per ton, approximately equating the previous year. Over the period under review, the import price, however, recorded a pronounced reduction. The most prominent rate of growth was recorded in 2013 when the average import price increased by 63%. As a result, import price reached the peak level of $42,501 per ton. From 2014 to 2022, the average import prices remained at a 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 France ($23,390 per ton), while the price for the Netherlands ($11,150 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+7.5%), while the prices for the other major suppliers experienced a decline.

Price for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Luxembourg (FOB) - 2022

The average export price for fats and oils and their fractions; of fish, (excluding liver-oils)s stood at $27,088 per ton in 2022, with an increase of 35% against the previous year. Over the period under review, the export price, however, saw a deep setback. The most prominent rate of growth was recorded in 2021 when the average export price increased by 54% against the previous year. The export price peaked at $187,117 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for France.

From 2012 to 2022, the rate of growth in terms of prices for Germany amounted to -10.2% per year.

Imports of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Luxembourg

After three years of growth, purchases abroad of fats and oils and their fractions; of fish, (excluding liver-oils)s decreased by -29% to 1.3 tons in 2022. Over the period under review, imports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 88% against the previous year.

In value terms, imports of fats and oils and their fractions; of fish, (excluding liver-oils)s contracted significantly to $21K in 2022. Overall, imports, however, saw a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 114% against the previous year.

Import of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Luxembourg (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany8.39.19.910.47.8%
FranceN/A6.612.55.9-5.5%
NetherlandsN/A0.51.23.3156.9%
Spain0.64.15.0N/A188.7%
Others0.70.50.81.219.7%
Total9.720.729.320.929.2%

Top Suppliers of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) to Luxembourg in 2022:

  1. Germany (690.0 kg)
  2. Netherlands (300.0 kg)
  3. France (254.0 kg)
  4. Spain (2.0 kg)

Exports of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Luxembourg

In 2022, overseas shipments of fats and oils and their fractions; of fish, (excluding liver-oils)s decreased by -72.1% to 365 kg for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, showed a significant expansion. The pace of growth was the most pronounced in 2020 when exports increased by 200% against the previous year.

In value terms, exports of fats and oils and their fractions; of fish, (excluding liver-oils)s fell dramatically to $9.9K in 2022. Overall, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 229% against the previous year. As a result, the exports reached the peak of $26K, and then reduced sharply in the following year.

Export of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Luxembourg (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
France3.38.026.19.944.2%
Others0.2N/A0.3N/A22.5%
Total3.58.026.39.941.4%

Top Export Markets for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) from Luxembourg in 2022:

  1. France (363.0 kg)

Source: IndexBox Market Intelligence Platform

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