Price for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Algeria - 2022
Contents:
- Price for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Algeria (CIF) - 2022
- Imports of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Algeria
Price for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Algeria (CIF) - 2022
In 2022, the average import price for vegetable oils; linseed oil and its fractions, crude, not chemically modifieds amounted to $1,597 per ton, which is down by -19.7% against the previous year. Over the period under review, import price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for vegetable oils; linseed oil and its fractions, crude, not chemically modifieds increased by +54.6% against 2016 indices. The most prominent rate of growth was recorded in 2020 an increase of 41% against the previous year. Over the period under review, average import prices reached the maximum at $1,989 per ton in 2021, and then dropped dramatically in the following year.
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 Belgium ($1,696 per ton), while the price for Tunisia ($988 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+3.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Algeria
In 2022, imports of vegetable oils; linseed oil and its fractions, crude, not chemically modifieds into Algeria soared to 98 tons, rising by 172% on the previous year. In general, imports saw significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 265% against the previous year. As a result, imports attained the peak of 161 tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of vegetable oils; linseed oil and its fractions, crude, not chemically modifieds soared to $157K in 2022. Over the period under review, imports recorded a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 415%. As a result, imports reached the peak of $242K. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Algeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 21.0 | 169 | 43.7 | 76.9 | 54.1% |
| Italy | 6.9 | 23.3 | 14.3 | 51.7 | 95.7% |
| Netherlands | 16.6 | 44.9 | 12.8 | 26.6 | 17.0% |
| Tunisia | 1.6 | 3.6 | 0.9 | 1.5 | -2.1% |
| Others | 1.0 | 1.9 | 0.4 | 0.5 | -20.6% |
| Total | 47.1 | 242 | 72.0 | 157 | 49.4% |
Top Suppliers of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified to Algeria in 2022:
- Belgium (45.3 tons)
- Italy (33.6 tons)
- Netherlands (18.0 tons)
- Tunisia (1.5 tons)
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