Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Bolivia - 2023

Contents:

1. Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Bolivia (FOB) - 2023
2. Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Bolivia (CIF) - 2022
3. Exports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Bolivia
4. Imports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Bolivia

Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Bolivia (FOB) - 2023

The average export price for liquid margarine and edible mixtures of animal or vegetable fats stood at $1,311 per ton in October 2023, falling by -15% against the previous month. Over the period under review, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in December 2022 when the average export price increased by 62% against the previous month. Over the period under review, the average export prices attained the peak figure at $1,719 per ton in August 2023; however, from September 2023 to October 2023, the export prices remained at a lower figure.

Average prices varied somewhat for the major overseas markets. In October 2023, the country with the highest price was Chile ($1,517 per ton), while the average price for exports to Peru totaled $1,189 per ton.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Colombia (+7.5%), while the prices for the other major destinations experienced a decline.

Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Bolivia (CIF) - 2022

The average import price for liquid margarine and edible mixtures of animal or vegetable fats stood at $2,442 per ton in 2022, picking up by 46% against the previous year. Over the period under review, import price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +2.6% 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 liquid margarine and edible mixtures of animal or vegetable fats increased by +124.6% against 2020 indices. The growth pace was the most rapid in 2021 an increase of 54% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Uruguay ($5,372 per ton), while the price for Brazil ($371 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+16.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Bolivia

After three years of growth, shipments abroad of liquid margarine and edible mixtures of animal or vegetable fats decreased by -19.6% to 3K tons in 2022. In general, exports saw a perceptible decline. The pace of growth was the most pronounced in 2020 when exports increased by 8.9% against the previous year.

In value terms, exports of liquid margarine and edible mixtures of animal or vegetable fats totaled $5.1M in 2022. Over the period under review, total exports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +11.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +40.0% against 2019 indices. The growth pace was the most rapid in 2021 when exports increased by 30% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in the immediate term.

Top Export Markets for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats from Bolivia in 2022:

1. Colombia (2241.2 tons)
2. Chile (619.3 tons)
3. Peru (162.7 tons)

Imports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Bolivia

In 2022, overseas purchases of liquid margarine and edible mixtures of animal or vegetable fats decreased by -70.3% to 407 tons, falling for the second consecutive year after two years of growth. In general, imports saw a significant decline. The pace of growth appeared the most rapid in 2020 when imports increased by 18%. As a result, imports reached the peak of 2.1K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of liquid margarine and edible mixtures of animal or vegetable fats declined remarkably to $994K in 2022. Over the period under review, imports continue to indicate a dramatic decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 1.3%. As a result, imports reached the peak of $2.3M, and then dropped dramatically in the following year.

Top Suppliers of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats to Bolivia in 2022:

1. Colombia (215.8 tons)
2. Ecuador (118.1 tons)
3. Indonesia (50.8 tons)
4. Uruguay (6.3 tons)
5. India (6.2 tons)
6. Argentina (3.9 tons)
7. Brazil (0.3 tons)

Source: IndexBox Market Intelligence Platform