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

Contents:

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

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

The average import price for liquid margarine and edible mixtures of animal or vegetable fats stood at $940 per ton in December 2023, shrinking by -6.1% against the previous month. In general, the import price saw a slight reduction. The most prominent rate of growth was recorded in September 2023 when the average import price increased by 19% month-to-month. The import price peaked at $1,244 per ton in May 2023; however, from June 2023 to December 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was Malaysia ($1,496 per ton), while the price for Indonesia stood at $875 per ton.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Malaysia (+2.3%).

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

The average export price for liquid margarine and edible mixtures of animal or vegetable fats stood at $3,217 per ton in December 2023, jumping by 21% against the previous month. Over the period from December 2022 to December 2023, it increased at an average monthly rate of +2.5%. The most prominent rate of growth was recorded in January 2023 an increase of 35% month-to-month. The export price peaked at $3,780 per ton in May 2023; however, from June 2023 to December 2023, the export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was the Netherlands ($4,078 per ton), while the average price for exports to Macao SAR ($1,967 per ton) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+5.3%), 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 China

For the fourth consecutive year, China recorded growth in overseas purchases of liquid margarine and edible mixtures of animal or vegetable fats, which increased by 18% to 1M tons in 2022. Overall, imports posted a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 64%. Over the period under review, imports of attained the maximum in 2022 and are likely to continue growth in years to come.

In value terms, imports of liquid margarine and edible mixtures of animal or vegetable fats surged to $1.5B in 2022. In general, imports enjoyed a significant expansion. The growth pace was the most rapid in 2021 when imports increased by 117%. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in years to come.

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

1. Indonesia (1004.4K tons)
2. Malaysia (27.1K tons)

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

In 2022, after two years of decline, there was growth in overseas shipments of liquid margarine and edible mixtures of animal or vegetable fats, when their volume increased by 1% to 9K tons. In general, exports, however, continue to indicate a pronounced decline.

In value terms, exports of liquid margarine and edible mixtures of animal or vegetable fats expanded sharply to $34M in 2022. The total export value increased at an average annual rate of +2.9% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

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

1. South Korea (2358.2 tons)
2. Hong Kong SAR (1821.6 tons)
3. Philippines (788.4 tons)
4. Democratic People's Republic of Korea (646.7 tons)
5. United States (497.2 tons)
6. Russia (282.4 tons)
7. Macao SAR (250.9 tons)
8. Peru (203.4 tons)
9. Vietnam (185.8 tons)
10. New Zealand (183.4 tons)
11. United Kingdom (180.2 tons)
12. Mongolia (174.5 tons)
13. Myanmar (113.3 tons)

Source: IndexBox Market Intelligence Platform