Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Norway - 2023
Contents:
- Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Norway (CIF) - 2023
- Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Norway (FOB) - 2023
- Imports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Norway
- Exports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Norway
Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Norway (CIF) - 2023
The average import price for liquid margarine and edible mixtures of animal or vegetable fats stood at $2,945 per ton in December 2023, growing by 3.2% against the previous month. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in September 2023 when the average import price increased by 9.4% against the previous month. Over the period under review, average import prices reached the peak figure at $3,321 per ton in January 2023; however, from February 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 Denmark ($22,737 per ton), while the price for Poland ($1,716 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Denmark (+12.4%), 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 Norway (FOB) - 2023
In December 2023, the average export price for liquid margarine and edible mixtures of animal or vegetable fats amounted to $17,635 per ton, picking up by 42% against the previous month. Over the period under review, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in February 2023 an increase of 50% against the previous month. The export price peaked at $24,052 per ton in March 2023; however, from April 2023 to December 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In December 2023, the country with the highest price was Austria ($30,619 per ton), while the average price for exports to France ($7,302 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 Austria (+3.5%), 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 Norway
For the fourth consecutive year, Norway recorded growth in supplies from abroad of liquid margarine and edible mixtures of animal or vegetable fats, which increased by 21% to 21K tons in 2022. The total import volume increased at an average annual rate of +8.7% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. As a result, imports attained 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 soared to $59M in 2022. Over the period under review, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +17.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +64.0% against 2019 indices. As a result, imports reached 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 Norway (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 11.8 | 13.7 | 16.8 | 27.7 | 32.9% |
| Germany | 6.1 | 7.3 | 8.6 | 9.3 | 15.1% |
| Denmark | 6.2 | 5.1 | 5.5 | 8.1 | 9.3% |
| Netherlands | 3.1 | 2.2 | 1.8 | 3.5 | 4.1% |
| Belgium | 2.7 | 3.0 | 2.7 | 2.9 | 2.4% |
| Poland | 0.5 | 0.7 | 1.3 | 2.8 | 77.6% |
| Finland | 0.7 | 0.7 | 1.1 | 1.2 | 19.7% |
| Others | 5.1 | 5.2 | 5.4 | 3.8 | -9.3% |
| Total | 36.2 | 38.0 | 43.3 | 59.4 | 17.9% |
Top Suppliers of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats to Norway in 2022:
- Sweden (10.9K tons)
- Germany (3.5K tons)
- Netherlands (1.4K tons)
- Poland (1.4K tons)
- Belgium (1.4K tons)
- Denmark (1.2K tons)
- Finland (0.5K tons)
Exports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Norway
Exports of liquid margarine and edible mixtures of animal or vegetable fats from Norway contracted to 628 tons in 2022, with a decrease of -5.3% on 2021 figures. Overall, exports faced a abrupt setback. The pace of growth appeared the most rapid in 2021 with an increase of 22%.
In value terms, exports of liquid margarine and edible mixtures of animal or vegetable fats contracted to $9.1M in 2022. Over the period under review, exports continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 16% against the previous year.
| Export of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 1,899 | 1,953 | 3,603 | 3,155 | 18.4% |
| United States | 3,657 | 2,441 | 2,137 | 1,941 | -19.0% |
| Turkey | 275 | 123 | 637 | 908 | 48.9% |
| Denmark | 2,009 | 650 | 670 | 765 | -27.5% |
| Sweden | 1,224 | 1,387 | 842 | 520 | -24.8% |
| United Kingdom | 215 | 277 | 238 | 295 | 11.1% |
| Netherlands | 78.0 | 200 | 272 | 245 | 46.5% |
| Greece | 438 | 39.4 | 120 | N/A | -47.7% |
| Czech Republic | 187 | 28.1 | 38.9 | N/A | -54.4% |
| Others | 2,266 | 1,968 | 1,946 | 1,264 | -17.7% |
| Total | 12,248 | 9,067 | 10,503 | 9,093 | -9.5% |
Top Export Markets for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats from Norway in 2022:
- Poland (171.4 tons)
- United States (152.6 tons)
- Turkey (92.8 tons)
- Denmark (52.0 tons)
- Sweden (43.1 tons)
- United Kingdom (28.6 tons)
- Netherlands (22.5 tons)
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