Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in the UK - 2023
Contents:
- Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in the UK (CIF) - 2023
- Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in the UK (FOB) - 2022
- Imports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in the UK
- Exports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in the UK
Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in the UK (CIF) - 2023
In November 2023, the average import price for liquid margarine and edible mixtures of animal or vegetable fats amounted to $2,620 per ton, shrinking by -2.1% against the previous month. In general, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in March 2023 an increase of 9.5% m-o-m. The import price peaked at $2,934 per ton in August 2023; however, from September 2023 to November 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Spain ($3,724 per ton), while the price for Ireland ($1,813 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Ireland (+3.2%), 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 the UK (FOB) - 2022
In 2022, the average export price for liquid margarine and edible mixtures of animal or vegetable fats amounted to $2,719 per ton, jumping by 18% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of 24% against the previous year. Over the period under review, the average export prices attained the peak figure at $2,829 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Sweden ($6,842 per ton), while the average price for exports to Ireland ($1,881 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (+11.4%), 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 the UK
In 2022, the amount of liquid margarine and edible mixtures of animal or vegetable fats imported into the UK soared to 45K tons, with an increase of 92% against 2021. Over the period under review, imports recorded a moderate expansion.
In value terms, imports of liquid margarine and edible mixtures of animal or vegetable fats soared to $108M in 2022. Overall, imports enjoyed a strong expansion. 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 the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 23.4 | 33.3 | 17.2 | 27.0 | 4.9% |
| Belgium | 16.6 | 13.2 | 16.5 | 26.8 | 17.3% |
| Ireland | 3.0 | 3.6 | 3.7 | 11.4 | 56.0% |
| Germany | 13.1 | 17.6 | 3.3 | 8.4 | -13.8% |
| United States | 0.9 | 1.7 | 1.3 | 8.0 | 107.1% |
| Italy | 0.8 | 1.0 | 2.6 | 7.4 | 109.9% |
| Spain | 0.3 | 1.4 | 1.0 | 6.9 | 184.4% |
| Others | 5.1 | 19.4 | 7.2 | 12.3 | 34.1% |
| Total | 63.1 | 91.0 | 52.9 | 108 | 19.6% |
Top Suppliers of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats to the UK in 2022:
- Belgium (13.3K tons)
- Netherlands (11.4K tons)
- Ireland (8.7K tons)
- Germany (3.3K tons)
- Spain (2.5K tons)
- Italy (2.1K tons)
- United States (1.5K tons)
Exports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in the UK
Exports of liquid margarine and edible mixtures of animal or vegetable fats from the UK soared to 19K tons in 2022, surging by 23% on the previous year. Overall, exports recorded a resilient increase. The most prominent rate of growth was recorded in 2021 with an increase of 95%. The exports peaked in 2022 and are likely to see gradual growth in years to come.
In value terms, exports of liquid margarine and edible mixtures of animal or vegetable fats skyrocketed to $52M in 2022. In general, exports recorded a buoyant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 64%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in years to come.
| Export of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ireland | 8.6 | 3.8 | 16.4 | 23.1 | 39.0% |
| Germany | 9.1 | 4.6 | 2.6 | 4.6 | -20.3% |
| Poland | 3.2 | 3.1 | 3.3 | 4.2 | 9.5% |
| Netherlands | 0.2 | 0.1 | 1.9 | 3.7 | 164.5% |
| Japan | 0.5 | 1.5 | 1.7 | 1.7 | 50.4% |
| France | 1.5 | 1.2 | 1.6 | 1.3 | -4.7% |
| Belgium | 0.1 | 0.1 | 0.4 | 0.9 | 108.0% |
| Others | 9.3 | 7.3 | 7.9 | 12.5 | 10.4% |
| Total | 32.5 | 21.9 | 35.9 | 52.0 | 17.0% |
Top Export Markets for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats from the UK in 2022:
- Ireland (12.3K tons)
- Poland (1.3K tons)
- Germany (1.3K tons)
- Netherlands (1.1K tons)
- Japan (0.5K tons)
- France (0.4K tons)
- Belgium (0.3K tons)
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