Price for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Hungary - 2023
Contents:
- Price for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Hungary (CIF) - 2022
- Price for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Hungary (FOB) - 2022
- Imports of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Hungary
- Exports of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Hungary
Price for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Hungary (CIF) - 2022
In 2022, the average import price for vegetable oils; linseed oil and its fractions, crude, not chemically modifieds amounted to $2,680 per ton, therefore, remained relatively stable against the previous year. Over the period under review, the import price showed a prominent expansion. The growth pace was the most rapid in 2017 an increase of 155% against the previous year. As a result, import price reached the peak level of $3,421 per ton. From 2018 to 2022, the average import prices failed to regain momentum.
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 Germany ($3,960 per ton), while the price for Belgium stood at $1,781 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+12.6%), 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 Hungary (FOB) - 2022
In 2022, the average export price for vegetable oils; linseed oil and its fractions, crude, not chemically modifieds amounted to $4,585 per ton, surging by 8.9% against the previous year. In general, export price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for vegetable oils; linseed oil and its fractions, crude, not chemically modifieds increased by +38.7% against 2019 indices. The most prominent rate of growth was recorded in 2016 an increase of 65% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($18,424 per ton), while the average price for exports to Slovakia ($4,083 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 Slovenia (+5.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Hungary
In 2022, imports of vegetable oils; linseed oil and its fractions, crude, not chemically modifieds into Hungary shrank markedly to 145 tons, with a decrease of -17.2% compared with 2021. Overall, imports recorded a deep reduction. The pace of growth appeared the most rapid in 2021 when imports increased by 3%.
In value terms, imports of vegetable oils; linseed oil and its fractions, crude, not chemically modifieds dropped significantly to $389K in 2022. Over the period under review, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +7.8% 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 +25.4% against 2019 indices. The growth pace was the most rapid in 2021 when imports increased by 41%. As a result, imports attained the peak of $468K, and then dropped remarkably in the following year.
| Import of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 209 | 229 | 251 | 231 | 3.4% |
| Belgium | 95.3 | 84.2 | 204 | 154 | 17.3% |
| Others | 5.7 | 18.9 | 12.3 | 3.9 | -11.9% |
| Total | 310 | 332 | 468 | 389 | 7.9% |
Top Suppliers of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified to Hungary in 2022:
- Belgium (86.2 tons)
- Germany (58.4 tons)
Exports of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Hungary
For the fourth year in a row, Hungary recorded growth in overseas shipments of vegetable oils; linseed oil and its fractions, crude, not chemically modifieds, which increased by 7.9% to 49 tons in 2022. The total export volume increased at an average annual rate of +5.0% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. 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 $226K in 2022. Overall, total exports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +17.2% 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 +60.8% against 2019 indices. The pace of growth was the most pronounced in 2021 when exports increased by 24% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.
| Export of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Croatia | 42.4 | 34.8 | 46.0 | 61.7 | 13.3% |
| Czech Republic | 42.1 | 57.0 | 57.4 | 58.9 | 11.8% |
| Germany | N/A | N/A | 19.1 | 29.0 | 51.8% |
| Slovakia | 27.5 | 30.2 | 32.6 | 28.5 | 1.2% |
| Slovenia | 15.1 | 15.7 | 18.3 | 18.8 | 7.6% |
| Romania | 6.0 | 8.2 | 8.1 | 11.2 | 23.1% |
| Italy | 3.4 | 5.6 | 7.0 | 6.5 | 24.1% |
| Bulgaria | 4.0 | 3.6 | 4.2 | 4.2 | 1.6% |
| Others | N/A | N/A | N/A | 7.2 | 0% |
| Total | 141 | 155 | 193 | 226 | 17.0% |
Top Export Markets for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified from Hungary in 2022:
- Croatia (15.0 tons)
- Czech Republic (14.1 tons)
- Slovakia (7.0 tons)
- Slovenia (4.6 tons)
- Romania (2.7 tons)
- Italy (1.6 tons)
- Germany (1.6 tons)
- Bulgaria (1.0 tons)
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