Price for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Germany - 2023
Contents:
- Price for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Germany (CIF) - 2023
- Price for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Germany (FOB) - 2023
- Imports of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Germany
- Exports of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Germany
Price for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Germany (CIF) - 2023
The average import price for vegetable oils; linseed oil and its fractions, crude, not chemically modifieds stood at $3,298 per ton in October 2023, with an increase of 165% against the previous month. Overall, the import price posted notable growth. 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 the UK ($9,013 per ton), while the price for Switzerland ($2,222 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 the UK (+9.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Germany (FOB) - 2023
In October 2023, the average export price for vegetable oils; linseed oil and its fractions, crude, not chemically modifieds amounted to $1,502 per ton, which is down by -19.2% against the previous month. Over the period under review, the export price continues to indicate a perceptible setback. The pace of growth was the most pronounced in April 2023 an increase of 53% against the previous month. As a result, the export price attained the peak level of $3,430 per ton. From May 2023 to October 2023, the the average export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Japan.
From October 2022 to October 2023, the rate of growth in terms of prices for Spain amounted to +12.7% per month.
Imports of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Germany
In 2022, imports of vegetable oils; linseed oil and its fractions, crude, not chemically modifieds into Germany reduced dramatically to 12K tons, shrinking by -28.5% against 2021. In general, imports recorded a perceptible curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 33%. As a result, imports reached the peak of 16K tons, and then reduced notably in the following year.
In value terms, imports of vegetable oils; linseed oil and its fractions, crude, not chemically modifieds declined to $23M in 2022. Over the period under review, imports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 110% against the previous year. As a result, imports reached the peak of $26M, and then dropped in the following year.
| Import of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Germany (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 7.7 | 8.1 | 17.9 | 16.1 | 27.9% |
| Netherlands | 0.1 | 1.6 | 4.0 | 4.1 | 244.8% |
| Czech Republic | 0.9 | 0.7 | 1.1 | 1.5 | 18.6% |
| Poland | 1.3 | 0.7 | 1.9 | 0.3 | -38.7% |
| France | 0.4 | 0.5 | 0.5 | 0.3 | -9.1% |
| Others | 0.5 | 0.8 | 0.7 | 0.6 | 6.3% |
| Total | 11.0 | 12.4 | 26.1 | 23.0 | 27.9% |
Top Suppliers of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified to Germany in 2022:
- Belgium (8.6K tons)
- Netherlands (1.6K tons)
- Czech Republic (0.7K tons)
- Poland (0.2K tons)
- France (0.2K tons)
Exports of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Germany
After three years of growth, shipments abroad of vegetable oils; linseed oil and its fractions, crude, not chemically modifieds decreased by -18.9% to 4.9K tons in 2022. The total export volume increased at an average annual rate of +5.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 22% against the previous year. As a result, the exports attained the peak of 6.1K tons, and then declined dramatically in the following year.
In value terms, exports of vegetable oils; linseed oil and its fractions, crude, not chemically modifieds reduced notably to $10M in 2022. In general, total exports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +7.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +24.4% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 41%. As a result, the exports reached the peak of $13M, and then declined notably in the following year.
| Export of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Germany (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 467 | 143 | 1,728 | 2,449 | 73.7% |
| Netherlands | 1,613 | 1,148 | 2,743 | 1,633 | 0.4% |
| Italy | 640 | 874 | 1,180 | 1,100 | 19.8% |
| Austria | 1,000 | 1,050 | 843 | 916 | -2.9% |
| Sweden | 157 | 130 | 389 | 587 | 55.2% |
| France | 879 | 1,280 | 777 | 585 | -12.7% |
| Poland | 1,066 | 597 | 474 | 489 | -22.9% |
| Spain | 352 | 265 | 396 | 467 | 9.9% |
| South Korea | N/A | N/A | 4.5 | 337 | 7388.9% |
| Belgium | 286 | 33.1 | 1,207 | 24.7 | -55.8% |
| Others | 1,544 | 3,369 | 2,813 | 1,366 | -4.0% |
| Total | 8,003 | 8,889 | 12,555 | 9,954 | 7.5% |
Top Export Markets for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified from Germany in 2022:
- Japan (2366.9 tons)
- Netherlands (687.6 tons)
- Italy (609.7 tons)
- Sweden (245.2 tons)
- France (185.3 tons)
- Spain (176.6 tons)
- Austria (176.2 tons)
- South Korea (109.2 tons)
- Poland (83.6 tons)
- Belgium (9.0 tons)
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