Price for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Israel - 2023
Contents:
- Price for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Israel (CIF) - 2022
- Price for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Israel (FOB) - 2022
- Imports of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Israel
- Exports of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Israel
Price for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Israel (CIF) - 2022
In 2022, the average import price for vegetable oils; linseed oil and its fractions, crude, not chemically modifieds amounted to $2,280 per ton, jumping by 21% against the previous year. Over the period under review, import price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +4.5% 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 +95.0% against 2017 indices. The pace of growth was the most pronounced in 2021 when the average import price increased by 54%. Over the period under review, average import prices attained the peak figure in 2022 and is likely to see gradual growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($2,280 per ton), while the price for Ireland ($2,280 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ireland (+43.1%), 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 Israel (FOB) - 2022
In 2022, the average export price for vegetable oils; linseed oil and its fractions, crude, not chemically modifieds amounted to $2,180 per ton, surging by 4% against the previous year. Over the period under review, the export price, however, showed a pronounced contraction. The most prominent rate of growth was recorded in 2014 an increase of 165% against the previous year. Over the period under review, the average export prices reached the peak figure at $12,263 per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for the United States.
From 2012 to 2022, the rate of growth in terms of prices for South Korea amounted to +86.7% per year.
Imports of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Israel
In 2022, after three years of growth, there was significant decline in overseas purchases of vegetable oils; linseed oil and its fractions, crude, not chemically modifieds, when their volume decreased by -42.7% to 271 tons. Overall, imports, however, continue to indicate resilient growth. The pace of growth appeared the most rapid in 2020 when imports increased by 55%.
In value terms, imports of vegetable oils; linseed oil and its fractions, crude, not chemically modifieds dropped remarkably to $618K in 2022. Over the period under review, imports, however, saw a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 113%. As a result, imports reached the peak of $889K, and then shrank rapidly in the following year.
| Import of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Israel (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 59.0 | 86.2 | 265 | 467 | 99.3% |
| Netherlands | 34.0 | 52.1 | 66.5 | 127 | 55.2% |
| Ireland | N/A | 1.3 | 3.7 | 14.0 | 228.2% |
| France | 9.1 | 30.7 | 74.8 | N/A | 186.7% |
| Others | 162 | 248 | 479 | 10.0 | -60.5% |
| Total | 264 | 418 | 889 | 618 | 32.8% |
Top Suppliers of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified to Israel in 2022:
- Belgium (204.8 tons)
- Netherlands (55.7 tons)
- Ireland (6.1 tons)
Exports of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Israel
After three years of growth, overseas shipments of vegetable oils; linseed oil and its fractions, crude, not chemically modifieds decreased by -75% to 15 tons in 2022. In general, exports, however, showed significant growth. The growth pace was the most rapid in 2020 when exports increased by 3,486%.
In value terms, exports of vegetable oils; linseed oil and its fractions, crude, not chemically modifieds contracted markedly to $33K in 2022. Overall, exports, however, showed significant growth. The growth pace was the most rapid in 2020 when exports increased by 5,155% against the previous year.
| Export of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Israel (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 0.5 | 0.9 | 1.1 | 33.0 | 304.1% |
| South Korea | N/A | 24.8 | 74.0 | N/A | 198.4% |
| Palestine | 0.1 | 3.8 | 6.8 | N/A | 724.6% |
| Greece | N/A | 0.9 | 44.9 | N/A | 4888.9% |
| France | N/A | 2.7 | N/A | N/A | 0% |
| Others | N/A | N/A | 0.2 | N/A | 0% |
| Total | 0.6 | 33.0 | 127 | 33.0 | 280.3% |
Top Export Markets for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified from Israel in 2022:
- United States (15.1 tons)
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