Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Sweden - 2023
Contents:
- Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Sweden (FOB) - 2023
- Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Sweden (CIF) - 2023
- Exports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Sweden
- Imports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Sweden
Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Sweden (FOB) - 2023
In October 2023, the average export price for liquid margarine and edible mixtures of animal or vegetable fats amounted to $2,920 per ton, increasing by 3.9% against the previous month. Over the period under review, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in May 2023 an increase of 6.1% month-to-month. The export price peaked at $3,092 per ton in January 2023; however, from February 2023 to October 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was New Zealand ($8,142 per ton), while the average price for exports to Tunisia ($2,046 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 Turkey (+3.7%), 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 Sweden (CIF) - 2023
In October 2023, the average import price for liquid margarine and edible mixtures of animal or vegetable fats amounted to $19,339 per ton, increasing by 667% against the previous month. Over the period under review, the import price showed a remarkable increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by the country of origin: the country with the highest price was Norway ($23,739 per ton), while the price for Thailand ($10,863 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Norway (+5.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Sweden
In 2022, shipments abroad of liquid margarine and edible mixtures of animal or vegetable fats decreased by -1.6% to 131K tons, falling for the second year in a row after two years of growth. In general, exports saw a mild downturn. The growth pace was the most rapid in 2020 when exports increased by 4.4%. As a result, the exports reached the peak of 143K 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 rose remarkably to $362M in 2022. The total export value increased at an average annual rate of +11.7% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when exports increased by 15% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to see steady growth in years to come.
| Export of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Sweden (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 25.6 | 29.8 | 30.2 | 38.6 | 14.7% |
| Poland | 20.3 | 20.2 | 25.7 | 29.2 | 12.9% |
| Norway | 12.8 | 13.6 | 20.4 | 28.6 | 30.7% |
| Netherlands | 12.6 | 21.7 | 23.3 | 24.3 | 24.5% |
| Germany | 15.7 | 18.4 | 19.6 | 22.1 | 12.1% |
| Ukraine | 13.5 | 15.2 | 16.2 | 17.2 | 8.4% |
| Czech Republic | 10.4 | 11.8 | 14.0 | 15.8 | 15.0% |
| Russia | 32.1 | 35.7 | 40.5 | 15.2 | -22.1% |
| Morocco | 3.8 | 5.4 | 9.0 | 11.5 | 44.6% |
| Romania | 5.3 | 7.1 | 8.4 | 9.6 | 21.9% |
| Lebanon | 3.9 | 2.5 | 3.5 | 8.8 | 31.2% |
| Bulgaria | 4.1 | 4.7 | 6.7 | 8.8 | 29.0% |
| Slovakia | 3.6 | 4.4 | 5.0 | 8.6 | 33.7% |
| Others | 96.0 | 109 | 109 | 123 | 8.6% |
| Total | 260 | 300 | 332 | 362 | 11.7% |
Top Export Markets for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats from Sweden in 2022:
- Poland (13.1K tons)
- Norway (9.4K tons)
- Germany (7.5K tons)
- Czech Republic (6.8K tons)
- Ukraine (6.6K tons)
- Russia (6.6K tons)
- Netherlands (6.4K tons)
- France (5.7K tons)
- Morocco (5.4K tons)
- Bulgaria (4.7K tons)
- Lebanon (4.4K tons)
- Romania (4.2K tons)
- Slovakia (3.8K tons)
Imports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Sweden
In 2022, the amount of liquid margarine and edible mixtures of animal or vegetable fats imported into Sweden expanded modestly to 33K tons, picking up by 4.3% on 2021 figures. Overall, imports recorded a relatively flat trend pattern. 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 soared to $75M in 2022. Over the period under review, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +16.0% 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 +56.0% against 2019 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 Sweden (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 23.2 | 17.9 | 25.8 | 39.9 | 19.8% |
| Poland | 4.3 | 4.1 | 5.4 | 11.2 | 37.6% |
| Germany | 3.0 | 7.3 | 7.2 | 6.0 | 26.0% |
| Denmark | 4.7 | 9.5 | 9.0 | 5.6 | 6.0% |
| Belgium | 2.8 | 2.7 | 3.1 | 2.8 | 0.0% |
| Finland | 3.7 | 1.6 | 0.8 | 1.0 | -35.3% |
| Others | 6.6 | 8.3 | 10.7 | 8.8 | 10.1% |
| Total | 48.2 | 51.4 | 62.0 | 75.3 | 16.0% |
Top Suppliers of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats to Sweden in 2022:
- Netherlands (19.5K tons)
- Poland (5.4K tons)
- Denmark (2.5K tons)
- Germany (2.5K tons)
- Belgium (1.5K tons)
- Finland (0.4K tons)
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