Price for Fats and Oils and Their Fractions; of Marine Mammals in Finland - 2023
Contents:
- Price for Fats and Oils and Their Fractions; of Marine Mammals in Finland (CIF) - 2022
- Imports of Fats and Oils and Their Fractions; of Marine Mammals in Finland
Price for Fats and Oils and Their Fractions; of Marine Mammals in Finland (CIF) - 2022
The average import price for fats and oils and their fractions; of marine mammalses stood at $7,200 per ton in 2022, waning by -42.9% against the previous year. Overall, the import price continues to indicate a abrupt setback. The pace of growth was the most pronounced in 2014 an increase of 154% against the previous year. As a result, import price reached the peak level of $40,851 per ton. From 2015 to 2022, the average import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for Sweden.
From 2012 to 2022, the rate of growth in terms of prices for Iceland amounted to -0.9% per year.
Imports of Fats and Oils and Their Fractions; of Marine Mammals in Finland
In 2022, supplies from abroad of fats and oils and their fractions; of marine mammalses decreased by 0% to 5 kg, falling for the second year in a row after two years of growth. Overall, imports faced a significant curtailment. The most prominent rate of growth was recorded in 2020 when imports increased by 100% against the previous year. As a result, imports attained the peak of 28 kg. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of fats and oils and their fractions; of marine mammalses shrank dramatically to $36 in 2022. Over the period under review, imports faced a precipitous contraction. The most prominent rate of growth was recorded in 2020 with an increase of 68% against the previous year. As a result, imports reached the peak of $281. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Fats and Oils and Their Fractions; of Marine Mammals in Finland (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | N/A | 281 | 63.0 | 36.0 | -64.2% |
| Iceland | 167 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 167 | 281 | 63.0 | 36.0 | -40.0% |
Top Suppliers of Fats and Oils and Their Fractions; of Marine Mammals to Finland in 2022:
- Sweden (5.0 kg)
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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.
