Price for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in the UK - 2023
Contents:
- Price for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in the UK (CIF) - 2022
- Price for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in the UK (FOB) - 2023
- Imports of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in the UK
- Exports of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in the UK
Price for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in the UK (CIF) - 2022
The average import price for fats and oils and their fractions; of fish, (excluding liver-oils)s stood at $3,024 per ton in 2022, with an increase of 21% against the previous year. Overall, import price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for fats and oils and their fractions; of fish, (excluding liver-oils)s increased by +59.0% against 2018 indices. The pace of growth was the most pronounced in 2013 an increase of 38% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is likely to see gradual growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($5,869 per ton), while the price for the Netherlands ($1,462 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+13.5%), 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 the UK (FOB) - 2023
The average export price for fats and oils and their fractions; of fish, (excluding liver-oils)s stood at $3,239 per ton in August 2023, declining by -34% against the previous month. In general, the export price, however, continues to indicate notable growth. The most prominent rate of growth was recorded in June 2023 when the average export price increased by 81% month-to-month. As a result, the export price reached the peak level of $4,956 per ton. From July 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 ($9,120 per ton), while the average price for exports to Germany ($2,394 per ton) was amongst the lowest.
From December 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to France (+20.2%), 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 the UK
In 2022, imports of fats and oils and their fractions; of fish, (excluding liver-oils)s into the UK soared to 47K tons, growing by 98% on the year before. In general, imports enjoyed a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of fats and oils and their fractions; of fish, (excluding liver-oils)s surged to $143M in 2022. Over the period under review, imports continue to indicate a significant expansion. 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 the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Iceland | 7.1 | 4.4 | 10.1 | 41.9 | 80.7% |
| Peru | 2.1 | 2.1 | 3.8 | 22.1 | 119.1% |
| Norway | 20.0 | 18.1 | 18.3 | 21.3 | 2.1% |
| United States | 0.1 | 0.5 | 0.4 | 13.7 | 415.5% |
| Chile | 0.1 | 0.2 | N/A | 12.3 | 397.3% |
| Ireland | 3.1 | 0.1 | 1.1 | 9.3 | 44.2% |
| Denmark | 0.2 | 2.0 | 12.0 | 7.1 | 228.7% |
| France | 2.1 | 2.2 | 1.4 | 2.1 | 0.0% |
| Netherlands | 2.8 | 2.5 | 4.3 | 0.3 | -52.5% |
| Others | 6.8 | 11.8 | 8.0 | 12.5 | 22.5% |
| Total | 44.5 | 43.9 | 59.3 | 143 | 47.6% |
Top Suppliers of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) to the UK in 2022:
- Iceland (17.4K tons)
- Peru (6.9K tons)
- Norway (5.3K tons)
- United States (4.2K tons)
- Chile (3.9K tons)
- Ireland (3.6K tons)
- Denmark (2.0K tons)
- France (0.5K tons)
- Netherlands (0.2K tons)
Exports of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in the UK
In 2022, the amount of fats and oils and their fractions; of fish, (excluding liver-oils)s exported from the UK shrank significantly to 6.6K tons, with a decrease of -26.2% on the previous year's figure. Overall, exports recorded a deep reduction. The smallest decline of -6.7% was in 2021.
In value terms, exports of fats and oils and their fractions; of fish, (excluding liver-oils)s totaled $14M in 2022. In general, exports saw a perceptible descent.
| Export of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 4.4 | 3.8 | 3.5 | 5.3 | 6.4% |
| France | 2.9 | 3.0 | 3.1 | 2.2 | -8.8% |
| Germany | 0.1 | 0.3 | 0.9 | 1.7 | 157.1% |
| Norway | N/A | N/A | N/A | 1.4 | 0% |
| Ireland | 0.5 | 0.6 | 0.5 | 0.8 | 17.0% |
| Israel | 0.5 | 0.5 | 0.5 | 0.4 | -7.2% |
| Spain | 1.3 | 0.8 | 1.7 | 0.3 | -38.7% |
| Czech Republic | 0.9 | 0.8 | 0.2 | N/A | -52.9% |
| Others | 5.5 | 4.6 | 3.2 | 2.0 | -28.6% |
| Total | 16.1 | 14.4 | 13.5 | 14.1 | -4.3% |
Top Export Markets for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) from the UK in 2022:
- Netherlands (3162.2 tons)
- France (1142.8 tons)
- Germany (894.5 tons)
- Norway (449.1 tons)
- Israel (240.4 tons)
- Ireland (231.6 tons)
- Spain (186.2 tons)
- Czech Republic (1.7 tons)
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This report provides an in-depth analysis of the market for fish fat and oil in the UK.
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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 the UK.
754
This report provides an in-depth analysis of the global market for fish fat and oil.
604
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.
