Price for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Sweden - 2023
Contents:
- Price for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Sweden (CIF) - 2023
- Price for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Sweden (FOB) - 2023
- Imports of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Sweden
- Exports of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Sweden
Price for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Sweden (CIF) - 2023
The average import price for fats and oils and their fractions; of fish, (excluding liver-oils)s stood at $6,125 per ton in September 2023, reducing by -26% against the previous month. Over the period under review, the import price recorded a perceptible descent. The growth pace was the most rapid in August 2023 when the average import price increased by 49% m-o-m. Over the period under review, average import prices reached the maximum at $9,240 per ton in March 2023; however, from April 2023 to September 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Iceland ($13,763 per ton), while the price for Norway totaled $5,164 per ton.
From December 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Germany (+14.3%), 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 Sweden (FOB) - 2023
In September 2023, the average export price for fats and oils and their fractions; of fish, (excluding liver-oils)s amounted to $19,574 per ton, increasing by 2.1% against the previous month. In general, the export price enjoyed a resilient increase. The pace of growth appeared the most rapid in April 2023 an increase of 231% m-o-m. As a result, the export price reached the peak level of $24,506 per ton. From May 2023 to September 2023, the the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In September 2023, the country with the highest price was Norway ($42,730 per ton), while the average price for exports to China ($20,370 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 Bulgaria (+22.6%), 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 Sweden
In 2022, imports of fats and oils and their fractions; of fish, (excluding liver-oils)s into Sweden reduced to 1.7K tons, falling by -14.3% on the previous year's figure. Over the period under review, imports recorded a noticeable shrinkage. The pace of growth was the most pronounced in 2021 with an increase of 3.1% against the previous year. As a result, imports reached the peak of 2K tons, and then reduced in the following year.
In value terms, imports of fats and oils and their fractions; of fish, (excluding liver-oils)s fell to $7.6M in 2022. The total import value increased at an average annual rate of +8.6% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 23% against the previous year.
| Import of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Sweden (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Norway | 3.2 | 4.4 | 5.1 | 4.0 | 7.7% |
| Iceland | 1.0 | 1.0 | 1.4 | 1.7 | 19.3% |
| Germany | 0.6 | 0.9 | 1.0 | 0.9 | 14.5% |
| Denmark | 0.1 | 0.2 | 0.4 | 0.6 | 81.7% |
| Spain | N/A | N/A | N/A | 0.1 | 0% |
| Finland | 0.1 | 0.1 | N/A | N/A | 0.0% |
| Others | 0.9 | 0.8 | 0.4 | 0.5 | -17.8% |
| Total | 6.0 | 7.3 | 8.5 | 7.6 | 8.2% |
Top Suppliers of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) to Sweden in 2022:
- Norway (1281.2 tons)
- Iceland (243.9 tons)
- Spain (46.6 tons)
- Denmark (41.7 tons)
- Germany (41.0 tons)
- Finland (7.2 tons)
Exports of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Sweden
For the fourth consecutive year, Sweden recorded growth in shipments abroad of fats and oils and their fractions; of fish, (excluding liver-oils)s, which increased by 0.1% to 1.2K tons in 2022. In general, total exports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +19.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +72.1% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 46% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, exports of fats and oils and their fractions; of fish, (excluding liver-oils)s totaled $6.3M in 2022. The total export value increased at an average annual rate of +11.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by 16%. Over the period under review, the exports of hit record highs in 2022 and are likely to continue growth in the immediate term.
| Export of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Sweden (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Finland | 228 | 772 | 1,215 | 1,186 | 73.3% |
| Belgium | 1,188 | 1,125 | 1,064 | 1,026 | -4.8% |
| Austria | 627 | 610 | 846 | 964 | 15.4% |
| Ireland | 653 | 488 | 876 | 699 | 2.3% |
| Spain | N/A | 72.1 | 41.9 | 250 | 86.2% |
| Czech Republic | N/A | 16.6 | 102 | 245 | 284.2% |
| Germany | N/A | N/A | 47.5 | 107 | 125.3% |
| Italy | 171 | 174 | 65.3 | 102 | -15.8% |
| Greece | 237 | N/A | 122 | 0.1 | -92.5% |
| Others | 1,415 | 1,565 | 1,213 | 1,699 | 6.3% |
| Total | 4,519 | 4,823 | 5,593 | 6,277 | 11.6% |
Top Export Markets for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) from Sweden in 2022:
- Finland (562.5 tons)
- Czech Republic (142.2 tons)
- Spain (113.3 tons)
- Austria (65.8 tons)
- Germany (60.2 tons)
- Italy (47.1 tons)
- Belgium (43.2 tons)
- Ireland (32.4 tons)
- Greece (0.1 tons)
453
This report provides an in-depth analysis of the market for fish fat and oil in Sweden.
742
This report provides an in-depth analysis of the global market for fish fat and oil.
453
This report provides an in-depth analysis of the market for fish fat and oil in Sweden.
742
This report provides an in-depth analysis of the global market for fish fat and oil.
594
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.
594
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.
