Price for Fats and Oils and Their Fractions; of Marine Mammals in Bangladesh - 2022

Contents:

1. Price for Fats and Oils and Their Fractions; of Marine Mammals in Bangladesh (FOB) - 2022
2. Price for Fats and Oils and Their Fractions; of Marine Mammals in Bangladesh (CIF) - 2022
3. Exports of Fats and Oils and Their Fractions; of Marine Mammals in Bangladesh
4. Imports of Fats and Oils and Their Fractions; of Marine Mammals in Bangladesh

Price for Fats and Oils and Their Fractions; of Marine Mammals in Bangladesh (FOB) - 2022

In 2022, the average export price for fats and oils and their fractions; of marine mammalses amounted to $6,750 per ton, flattening at the previous year. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average export price decreased by 99.9% against the previous year. The export price peaked in 2022 and is likely to see steady growth in years to come.

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

From 2020 to 2022, the rate of growth in terms of prices for Singapore amounted to 0.0% per year.

Price for Fats and Oils and Their Fractions; of Marine Mammals in Bangladesh (CIF) - 2022

The average import price for fats and oils and their fractions; of marine mammalses stood at $1,813 per ton in 2022, with a decrease of -14.9% against the previous year. In general, the import price continues to indicate a abrupt descent. The pace of growth appeared the most rapid in 2021 an increase of 52%. Over the period under review, average import prices hit record highs at $5,889 per ton in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($2,000 per ton), while the price for Sweden ($1,000 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (-12.0%).

Exports of Fats and Oils and Their Fractions; of Marine Mammals in Bangladesh

In 2022, approx. 120 kg of fats and oils and their fractions; of marine mammalses were exported from Bangladesh; leveling off at the previous year. In general, exports recorded a sharp contraction. The smallest decline of 99.9% was in 2021.

In value terms, exports of fats and oils and their fractions; of marine mammalses amounted to $810 in 2022. Over the period under review, exports saw a dramatic downturn. The smallest decline of 99.9% was in 2021.

Top Export Markets for Fats and Oils and Their Fractions; of Marine Mammals from Bangladesh in 2022:

1. Singapore (60.0 kg)

Imports of Fats and Oils and Their Fractions; of Marine Mammals in Bangladesh

In 2022, supplies from abroad of fats and oils and their fractions; of marine mammalses decreased by -30.4% to 16 kg for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, enjoyed a significant increase. The growth pace was the most rapid in 2021 when imports increased by 360% against the previous year. As a result, imports attained the peak of 23 kg, and then fell dramatically in the following year.

In value terms, imports of fats and oils and their fractions; of marine mammalses plummeted to $29 in 2022. In general, imports, however, continue to indicate a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 600% against the previous year. As a result, imports attained the peak of $49, and then shrank remarkably in the following year.

Top Suppliers of Fats and Oils and Their Fractions; of Marine Mammals to Bangladesh in 2022:

1. India (13.0 kg)
2. United States (1.0 kg)
3. Sweden (1.0 kg)

Source: IndexBox Market Intelligence Platform