Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Brazil - 2024

Contents:

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

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

In 2022, the average import price for liquid margarine and edible mixtures of animal or vegetable fats amounted to $3,655 per ton, rising by 9.4% against the previous year. Over the last decade, it increased at an average annual rate of +2.6%. The pace of growth appeared the most rapid in 2014 when the average import price increased by 10%. The import price peaked in 2022 and is likely to see gradual growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the United States ($4,186 per ton) and Sweden ($3,613 per ton), while the price for Malaysia ($3,418 per ton) and Uruguay ($3,537 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+3.6%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for liquid margarine and edible mixtures of animal or vegetable fats amounted to $1,663 per ton, jumping by 35% against the previous year. In general, the export price, however, saw a slight setback. The export price peaked at $1,892 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Argentina ($2,776 per ton), while the average price for exports to Morocco ($1,168 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Morocco (+20.5%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports of liquid margarine and edible mixtures of animal or vegetable fats into Brazil expanded notably to 37K tons in 2022, increasing by 14% compared with the year before. The total import volume increased at an average annual rate of +7.6% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of liquid margarine and edible mixtures of animal or vegetable fats surged to $135M in 2022. The total import value increased at an average annual rate of +12.0% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

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

1. Uruguay (23.2K tons)
2. Malaysia (10.7K tons)
3. United States (1.4K tons)
4. Sweden (0.6K tons)

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

In 2022, exports of liquid margarine and edible mixtures of animal or vegetable fats from Brazil surged to 4.5K tons, increasing by 20% against the year before. In general, exports showed a strong increase. The most prominent rate of growth was recorded in 2020 with an increase of 201%. As a result, the exports reached the peak of 11K tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of liquid margarine and edible mixtures of animal or vegetable fats skyrocketed to $7.5M in 2022. Over the period under review, exports recorded a significant expansion. The pace of growth was the most pronounced in 2020 when exports increased by 198%. As a result, the exports reached the peak of $11M. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

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

1. Angola (1391.5 tons)
2. Argentina (722.9 tons)
3. Paraguay (660.9 tons)
4. Morocco (555.6 tons)
5. Uruguay (384.7 tons)
6. Venezuela (199.7 tons)
7. Congo (151.6 tons)
8. Dominican Republic (92.9 tons)

Source: IndexBox Market Intelligence Platform