Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Poland - 2023
Contents:
- Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Poland (CIF) - 2023
- Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Poland (FOB) - 2023
- Imports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Poland
- Exports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Poland
Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Poland (CIF) - 2023
In October 2023, the average import price for liquid margarine and edible mixtures of animal or vegetable fats amounted to $2,297 per ton, rising by 17% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.2%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was China ($3,723 per ton), while the price for the UK amounted to $2,204 per ton.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Italy (+3.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Poland (FOB) - 2023
The average export price for liquid margarine and edible mixtures of animal or vegetable fats stood at $2,859 per ton in October 2023, growing by 42% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +2.5%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major overseas markets. In October 2023, the country with the highest price was Russia ($4,982 per ton), while the average price for exports to Serbia ($1,770 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Hungary (+4.7%), 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 Poland
In 2022, approx. 103K tons of liquid margarine and edible mixtures of animal or vegetable fats were imported into Poland; rising by 14% against the previous year's figure. The total import volume increased at an average annual rate of +5.4% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. 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 skyrocketed to $217M in 2022. Overall, imports enjoyed a significant expansion. 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 Poland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 31.9 | 38.9 | 58.6 | 94.6 | 43.7% |
| Germany | 34.7 | 40.9 | 42.5 | 61.5 | 21.0% |
| Sweden | 17.8 | 18.7 | 28.7 | 30.1 | 19.1% |
| Belgium | 8.3 | 8.5 | 6.5 | 9.3 | 3.9% |
| Italy | 2.8 | 3.4 | 4.5 | 8.5 | 44.8% |
| United Kingdom | 10.5 | 7.4 | 2.4 | 2.9 | -34.9% |
| Hungary | N/A | N/A | 1.7 | 2.9 | 70.6% |
| Others | 6.4 | 2.8 | 7.8 | 7.4 | 5.0% |
| Total | 112 | 121 | 153 | 217 | 24.7% |
Top Suppliers of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats to Poland in 2022:
- Netherlands (46.9K tons)
- Germany (31.2K tons)
- Sweden (11.9K tons)
- Italy (3.4K tons)
- Belgium (3.4K tons)
- Hungary (1.6K tons)
- United Kingdom (1.1K tons)
Exports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Poland
In 2022, overseas shipments of liquid margarine and edible mixtures of animal or vegetable fats decreased by -7.1% to 21K tons, falling for the second year in a row after two years of growth. Over the period under review, exports recorded a abrupt setback. The pace of growth appeared the most rapid in 2020 when exports increased by 74%. As a result, the exports reached the peak of 48K tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of liquid margarine and edible mixtures of animal or vegetable fats surged to $43M in 2022. Overall, total exports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +6.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -29.5% against 2020 indices. The pace of growth appeared the most rapid in 2020 with an increase of 70% against the previous year. As a result, the exports reached the peak of $60M. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
| Export of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Poland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 4.8 | 5.5 | 6.0 | 11.4 | 33.4% |
| Germany | 11.3 | 19.5 | 13.0 | 5.5 | -21.3% |
| Netherlands | 2.8 | 4.1 | 2.4 | 4.4 | 16.3% |
| Norway | N/A | N/A | 1.2 | 2.7 | 125.0% |
| Romania | 3.0 | 2.4 | 1.1 | 2.4 | -7.2% |
| Lithuania | 0.4 | 0.5 | 1.1 | 2.0 | 71.0% |
| France | 1.3 | 1.9 | 1.1 | 1.7 | 9.4% |
| Hungary | 2.2 | 6.4 | 0.8 | 1.7 | -8.2% |
| Czech Republic | 3.0 | 6.7 | 2.1 | 1.6 | -18.9% |
| Latvia | 0.2 | 0.3 | 0.5 | 1.2 | 81.7% |
| Denmark | 0.4 | 0.6 | 0.6 | 1.1 | 40.1% |
| Slovakia | 0.3 | 2.7 | 0.6 | 0.7 | 32.6% |
| Finland | 0.1 | 0.2 | 0.2 | 0.6 | 81.7% |
| Others | 5.9 | 9.4 | 5.5 | 5.7 | -1.1% |
| Total | 35.6 | 60.3 | 36.1 | 42.5 | 6.1% |
Top Export Markets for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats from Poland in 2022:
- Sweden (5.6K tons)
- Germany (2.6K tons)
- Netherlands (2.0K tons)
- Norway (1.5K tons)
- Romania (1.4K tons)
- Lithuania (1.1K tons)
- Hungary (1.1K tons)
- Czech Republic (0.8K tons)
- France (0.8K tons)
- Denmark (0.6K tons)
- Latvia (0.6K tons)
- Finland (0.5K tons)
- Slovakia (0.4K tons)
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