Price for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Australia - 2023
Contents:
- Price for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Australia (CIF) - 2022
- Price for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Australia (FOB) - 2022
- Imports of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Australia
- Exports of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Australia
Price for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Australia (CIF) - 2022
The average import price for vegetable oils; linseed oil and its fractions, crude, not chemically modifieds stood at $2,320 per ton in 2022, growing by 44% against the previous year. Overall, import price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of +7.6% 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 +77.4% against 2020 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
As there is only one major supplying country, the average price level is determined by prices for Belgium.
From 2012 to 2022, the rate of growth in terms of prices for the Netherlands amounted to +8.1% per year.
Price for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Australia (FOB) - 2022
The average export price for vegetable oils; linseed oil and its fractions, crude, not chemically modifieds stood at $729 per ton in 2022, with a decrease of -93.2% against the previous year. Over the period under review, the export price showed a sharp reduction. The growth pace was the most rapid in 2020 when the average export price increased by 215%. The export price peaked at $10,650 per ton in 2021, and then contracted sharply in the following year.
As there is only one major export destination, the average price level is determined by prices for Italy.
From 2012 to 2022, the rate of growth in terms of prices for China amounted to +89.8% per year.
Imports of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Australia
In 2022, approx. 771 tons of vegetable oils; linseed oil and its fractions, crude, not chemically modifieds were imported into Australia; with an increase of 3.2% on 2021 figures. The total import volume increased at an average annual rate of +5.4% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 30%. As a result, imports attained the peak of 855 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of vegetable oils; linseed oil and its fractions, crude, not chemically modifieds soared to $1.8M in 2022. Overall, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +19.6% 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 +71.0% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 573 | 814 | 1,087 | 1,789 | 46.2% |
| Netherlands | 80.8 | 190 | 114 | N/A | 18.8% |
| New Zealand | 375 | 110 | N/A | N/A | -70.7% |
| Others | 17.3 | 4.4 | 6.7 | N/A | -37.8% |
| Total | 1,046 | 1,118 | 1,208 | 1,789 | 19.6% |
Top Suppliers of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified to Australia in 2022:
- Belgium (771.0 tons)
Exports of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Australia
In 2022, shipments abroad of vegetable oils; linseed oil and its fractions, crude, not chemically modifieds was finally on the rise to reach 274 tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports recorded significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of vegetable oils; linseed oil and its fractions, crude, not chemically modifieds surged to $200K in 2022. In general, exports enjoyed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | N/A | N/A | N/A | 199 | 0% |
| Hong Kong SAR | 19.4 | N/A | N/A | N/A | 0% |
| China | 23.2 | 23.5 | 3.5 | N/A | -61.2% |
| Others | N/A | N/A | 1.9 | 1.1 | -42.1% |
| Total | 42.6 | 23.5 | 5.4 | 200 | 67.4% |
Top Export Markets for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified from Australia in 2022:
- Italy (273.3 tons)
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