Price for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Portugal - 2023
Contents:
- Price for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Portugal (CIF) - 2023
- Price for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Portugal (FOB) - 2022
- Imports of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Portugal
- Exports of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Portugal
Price for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Portugal (CIF) - 2023
The average import price for fats and oils and their fractions; of fish, (excluding liver-oils)s stood at $3,018 per ton in September 2023, stabilizing at the previous month. In general, the import price posted tangible growth. The pace of growth appeared the most rapid in May 2023 an increase of 706% against the previous month. As a result, import price attained the peak level of $34,914 per ton. From June 2023 to September 2023, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Spain ($2,308 per ton), while the price for Norway totaled $1,232 per ton.
From December 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Morocco (0.0%), 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 Portugal (FOB) - 2022
The average export price for fats and oils and their fractions; of fish, (excluding liver-oils)s stood at $1,646 per ton in 2022, with an increase of 38% against the previous year. In general, the export price enjoyed a moderate expansion. The pace of growth appeared the most rapid in 2017 an increase of 94% against the previous year. Over the period under review, the average export prices reached the maximum at $2,191 per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($13,688 per ton), while the average price for exports to the UK ($1,119 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Iceland (+44.1%), 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 Portugal
In 2022, after two years of decline, there was significant growth in supplies from abroad of fats and oils and their fractions; of fish, (excluding liver-oils)s, when their volume increased by 179% to 355 tons. In general, imports, however, saw a deep setback.
In value terms, imports of fats and oils and their fractions; of fish, (excluding liver-oils)s surged to $1.5M in 2022. Over the period under review, imports continue to indicate significant growth. 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 Portugal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 260 | 319 | 300 | 530 | 26.8% |
| China | N/A | N/A | 7.1 | 353 | 4871.8% |
| Norway | 20.3 | 0.3 | 0.3 | 212 | 118.6% |
| Morocco | N/A | N/A | N/A | 159 | 0% |
| Poland | 0.1 | N/A | 0.2 | 49.2 | 689.4% |
| Senegal | 386 | N/A | N/A | N/A | 0% |
| Others | 80.7 | 85.7 | 283 | 204 | 36.2% |
| Total | 747 | 405 | 591 | 1,508 | 26.4% |
Top Suppliers of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) to Portugal in 2022:
- Spain (245.4 tons)
- Morocco (55.4 tons)
- Norway (28.1 tons)
- China (14.4 tons)
- Poland (7.1 tons)
Exports of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Portugal
In 2022, shipments abroad of fats and oils and their fractions; of fish, (excluding liver-oils)s decreased by -20.2% to 726 tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 70% against the previous year.
In value terms, exports of fats and oils and their fractions; of fish, (excluding liver-oils)s rose sharply to $1.2M in 2022. Over the period under review, exports, however, enjoyed a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 156% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Portugal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 402 | 619 | 853 | 657 | 17.8% |
| United Kingdom | N/A | N/A | 170 | 221 | 30.0% |
| United States | N/A | N/A | N/A | 147 | 0% |
| Poland | N/A | N/A | N/A | 47.4 | 0% |
| France | N/A | 388 | 54.2 | 42.6 | -66.9% |
| United Arab Emirates | N/A | N/A | N/A | 24.6 | 0% |
| Others | 2.3 | 30.6 | 9.0 | 55.8 | 189.5% |
| Total | 404 | 1,037 | 1,086 | 1,195 | 43.5% |
Top Export Markets for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) from Portugal in 2022:
- Spain (446.6 tons)
- United Kingdom (197.7 tons)
- Poland (24.8 tons)
- United States (23.4 tons)
- France (15.1 tons)
- United Arab Emirates (13.7 tons)
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This report provides an in-depth analysis of the market for fish fat and oil in Portugal.
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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 Portugal.
741
This report provides an in-depth analysis of the global market for fish fat and oil.
591
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.
