Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Indonesia - 2022
Contents:
- Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Indonesia (FOB) - 2022
- Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Indonesia (CIF) - 2022
- Exports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Indonesia
- Imports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Indonesia
Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Indonesia (FOB) - 2022
In March 2022, the average export price for liquid margarine and edible mixtures of animal or vegetable fats amounted to $1,322 per ton, surging by 6.4% against the previous month. Over the period from March 2021 to March 2022, it increased at an average monthly rate of +2.0%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably for the major external markets. In March 2022, the countries with the highest prices were Vietnam ($1,403 per ton) and Egypt ($1,316 per ton), while the average price for exports to Nigeria ($1,156 per ton) and Algeria ($1,196 per ton) were amongst the lowest.
From March 2021 to March 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+3.4%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Indonesia (CIF) - 2022
The average import price for liquid margarine and edible mixtures of animal or vegetable fats stood at $3,697 per ton in 2022, surging by 11% against the previous year. In general, the import price, however, saw a perceptible reduction. The growth pace was the most rapid in 2021 when the average import price increased by 40% against the previous year. The import price peaked at $4,630 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
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 Australia ($7,781 per ton), while the price for Turkey ($1,559 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+4.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Indonesia
In 2022, exports of liquid margarine and edible mixtures of animal or vegetable fats from Indonesia expanded rapidly to 1.5M tons, increasing by 9.8% compared with 2021. Overall, total exports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +15.3% 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 +53.4% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 40%. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, exports of liquid margarine and edible mixtures of animal or vegetable fats surged to $1.8B in 2022. Over the period under review, exports posted a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by 98%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the near future.
| Export of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Indonesia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 298 | 412 | 956 | 1,171 | 57.8% |
| Italy | 0.1 | 26.3 | 44.2 | 59.4 | 740.6% |
| United States | 29.3 | 31.8 | 55.8 | 51.1 | 20.4% |
| Algeria | 32.2 | 24.1 | 35.3 | 47.3 | 13.7% |
| Nigeria | 11.4 | 20.8 | 51.1 | 37.9 | 49.2% |
| Vietnam | 21.3 | 13.9 | 34.2 | 36.2 | 19.3% |
| Turkey | 13.8 | 11.9 | 22.4 | 31.5 | 31.7% |
| Russia | 30.2 | 20.7 | 30.9 | 28.5 | -1.9% |
| Denmark | 28.1 | 16.2 | 5.9 | N/A | -54.2% |
| Others | 195 | 192 | 286 | 383 | 25.2% |
| Total | 660 | 770 | 1,522 | 1,846 | 40.9% |
Top Export Markets for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats from Indonesia in 2022:
- China (993.6K tons)
- Italy (63.9K tons)
- United States (43.7K tons)
- Algeria (40.2K tons)
- Nigeria (32.6K tons)
- Vietnam (25.8K tons)
- Turkey (24.1K tons)
- Russia (15.8K tons)
Imports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Indonesia
In 2022, after two years of decline, there was significant growth in supplies from abroad of liquid margarine and edible mixtures of animal or vegetable fats, when their volume increased by 15% to 9.8K tons. In general, imports, however, saw a abrupt descent.
In value terms, imports of liquid margarine and edible mixtures of animal or vegetable fats skyrocketed to $36M in 2022. Over the period under review, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +10.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +52.3% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Indonesia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 11.1 | 10.1 | 10.8 | 15.6 | 12.0% |
| Australia | 7.3 | 6.7 | 10.4 | 9.9 | 10.7% |
| Singapore | 2.8 | 2.0 | 1.8 | 3.9 | 11.7% |
| Japan | 1.2 | 1.6 | 1.8 | 1.7 | 12.3% |
| Turkey | N/A | N/A | N/A | 0.3 | 0% |
| Others | 4.2 | 3.4 | 3.8 | 4.9 | 5.3% |
| Total | 26.6 | 23.8 | 28.5 | 36.2 | 10.8% |
Top Suppliers of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats to Indonesia in 2022:
- Malaysia (6.0K tons)
- Singapore (1.4K tons)
- Australia (1.3K tons)
- Japan (0.6K tons)
- Turkey (0.2K tons)
1693
This report provides an in-depth analysis of the margarine and shortening market in Indonesia.
395
This report provides an in-depth analysis of the margarine spread market in Indonesia.
2040
This report provides an in-depth analysis of the global margarine and shortening market.
578
Global Margarine Spread Market Report 2018. This report provides an in-depth analysis of the global margarine spread market.
1693
This report provides an in-depth analysis of the margarine and shortening market in Indonesia.
395
This report provides an in-depth analysis of the margarine spread market in Indonesia.
2040
This report provides an in-depth analysis of the global margarine and shortening market.
578
Global Margarine Spread Market Report 2018. This report provides an in-depth analysis of the global margarine spread market.
121
Explore the top import markets for margarine and shortening globally, including key statistics and market insights.
5366
Global margarine and shortening consumption amounted to X thousand tons in 2015, remaining stable against the previous year level.
4513
In 2015, the country with the largest volume of the margarine and shortening output was the United States (X thousand tons), accounting for X% of global production.
121
Explore the top import markets for margarine and shortening globally, including key statistics and market insights.
5366
Global margarine and shortening consumption amounted to X thousand tons in 2015, remaining stable against the previous year level.
4513
In 2015, the country with the largest volume of the margarine and shortening output was the United States (X thousand tons), accounting for X% of global production.
