Price for Fats and Oils and Their Fractions; of Marine Mammals in Russia - 2022
Contents:
- Price for Fats and Oils and Their Fractions; of Marine Mammals in Russia (CIF) - 2022
- Price for Fats and Oils and Their Fractions; of Marine Mammals in Russia (FOB) - 2022
- Imports of Fats and Oils and Their Fractions; of Marine Mammals in Russia
- Exports of Fats and Oils and Their Fractions; of Marine Mammals in Russia
Price for Fats and Oils and Their Fractions; of Marine Mammals in Russia (CIF) - 2022
In 2022, the average import price for fats and oils and their fractions; of marine mammalses amounted to $252,941 per ton, increasing by 81% against the previous year. Over the period under review, the import price showed a significant increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
As there is only one major supplying country, the average price level is determined by prices for Poland.
From 2020 to 2022, the rate of growth in terms of prices for Poland amounted to +139.9% per year.
Price for Fats and Oils and Their Fractions; of Marine Mammals in Russia (FOB) - 2022
The average export price for fats and oils and their fractions; of marine mammalses stood at $8,923 per ton in 2022, jumping by 706% against the previous year. Over the period under review, the export price posted a prominent expansion. The export price peaked at $13,380 per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Kazakhstan ($16,872 per ton), while the average price for exports to Belarus stood at $974 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kazakhstan (+12.4%).
Imports of Fats and Oils and Their Fractions; of Marine Mammals in Russia
In 2022, purchases abroad of fats and oils and their fractions; of marine mammalses decreased by -37.1% to 740 kg for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 291% against the previous year. As a result, imports reached the peak of 1.2 tons, and then shrank notably in the following year.
In value terms, imports of fats and oils and their fractions; of marine mammalses expanded sharply to $187K in 2022. Overall, imports, however, saw significant growth. The pace of growth appeared the most rapid in 2021 when imports increased by 530% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Fats and Oils and Their Fractions; of Marine Mammals in Russia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| Poland | 0.9 | N/A | 96.9 | 937.6% | |
| Kazakhstan | 23.5 | 164 | N/A | 597.9% | |
| Turkey | 0.7 | N/A | N/A | 0% | |
| Others | 0.9 | N/A | 90.3 | 901.7% | |
| Total | 26.0 | 164 | 187 | 168.2% | |
Top Suppliers of Fats and Oils and Their Fractions; of Marine Mammals to Russia in 2022:
- Poland (370.0 kg)
Exports of Fats and Oils and Their Fractions; of Marine Mammals in Russia
In 2022, after two years of growth, there was significant decline in overseas shipments of fats and oils and their fractions; of marine mammalses, when their volume decreased by 99.9% to 78 kg. Over the period under review, exports showed a deep slump. The pace of growth appeared the most rapid in 2021 when exports increased by 341,432% against the previous year. As a result, the exports attained the peak of 413 tons, and then contracted sharply in the following year.
In value terms, exports of fats and oils and their fractions; of marine mammalses reduced sharply to $696 in 2022. In general, exports recorded a precipitous slump. The most prominent rate of growth was recorded in 2021 when exports increased by 28,176% against the previous year. As a result, the exports reached the peak of $458K, and then declined markedly in the following year.
| Export of Fats and Oils and Their Fractions; of Marine Mammals in Russia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| Kazakhstan | 1.6 | 0.8 | 0.7 | -33.9% | |
| Armenia | N/A | 231 | N/A | 0% | |
| Belarus | N/A | 226 | N/A | 0% | |
| Others | N/A | N/A | N/A | 0% | |
| Total | 1.6 | 458 | 0.7 | -33.9% | |
Top Export Markets for Fats and Oils and Their Fractions; of Marine Mammals from Russia in 2022:
- Belarus (39.0 kg)
- Kazakhstan (39.0 kg)
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