Price for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Malaysia - 2024
Contents:
- Price for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Malaysia (CIF) - 2022
- Price for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Malaysia (FOB) - 2022
- Imports of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Malaysia
- Exports of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Malaysia
Price for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Malaysia (CIF) - 2022
In 2022, the average import price for vegetable oils; linseed oil and its fractions, crude, not chemically modifieds amounted to $3,459 per ton, growing by 48% against the previous year. Over the period under review, the import price showed noticeable growth. The pace of growth appeared the most rapid in 2016 when the average import price increased by 368% against the previous year. As a result, import price attained the peak level of $6,559 per ton. From 2017 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 Italy ($9,246 per ton), while the price for the United States ($2,096 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+15.4%), 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 Malaysia (FOB) - 2022
In 2022, the average export price for vegetable oils; linseed oil and its fractions, crude, not chemically modifieds amounted to $2,420 per ton, surging by 82% against the previous year. Over the period under review, the export price posted a moderate expansion. The growth pace was the most rapid in 2021 when the average export price increased by 112% against the previous year. The export price peaked in 2022 and is likely to see steady growth in years to come.
As there is only one major export destination, the average price level is determined by prices for China.
From 2012 to 2022, the rate of growth in terms of prices for China amounted to +72.4% per year.
Imports of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Malaysia
In 2022, purchases abroad of vegetable oils; linseed oil and its fractions, crude, not chemically modifieds decreased by -67.5% to 5.3 tons, falling for the second year in a row after two years of growth. In general, imports, however, showed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 1,020% against the previous year. As a result, imports reached the peak of 18 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 fell dramatically to $18K in 2022. Overall, imports, however, showed a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 573%. As a result, imports reached the peak of $58K. 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 Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | N/A | 9.2 | 6.6 | 4.4 | -30.8% |
| United States | 3.6 | 2.5 | 3.0 | 3.4 | -1.9% |
| Italy | 5.0 | 9.6 | 10.8 | 3.1 | -14.7% |
| India | N/A | N/A | N/A | 2.8 | 0% |
| United Kingdom | N/A | N/A | 1.4 | 2.8 | 100.0% |
| Papua New Guinea | N/A | N/A | N/A | 1.8 | 0% |
| France | N/A | 14.0 | N/A | N/A | 0% |
| Canada | N/A | 13.3 | 14.3 | N/A | 7.5% |
| Others | N/A | 9.4 | 1.7 | N/A | -81.9% |
| Total | 8.6 | 57.9 | 37.9 | 18.2 | 28.4% |
Top Suppliers of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified to Malaysia in 2022:
- United States (1600.0 kg)
- India (1092.0 kg)
- New Zealand (990.0 kg)
- United Kingdom (760.0 kg)
- Papua New Guinea (480.0 kg)
- Italy (338.0 kg)
Exports of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Malaysia
In 2022, shipments abroad of vegetable oils; linseed oil and its fractions, crude, not chemically modifieds decreased by -99% to 3.7 tons, falling for the second year in a row after two years of growth. Over the period under review, exports faced a precipitous decrease. The pace of growth appeared the most rapid in 2020 with an increase of 1,104%. As a result, the exports reached the peak of 876 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of vegetable oils; linseed oil and its fractions, crude, not chemically modifieds declined sharply to $9K in 2022. In general, exports showed a precipitous descent. The pace of growth was the most pronounced in 2020 with an increase of 1,645% against the previous year. As a result, the exports attained the peak of $547K. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | N/A | N/A | 55.9 | 9.0 | -83.9% |
| Mozambique | N/A | 23.3 | N/A | N/A | 0% |
| Papua New Guinea | 18.0 | N/A | 0.6 | N/A | -81.7% |
| Brunei Darussalam | N/A | 192 | 33.9 | N/A | -82.3% |
| Singapore | N/A | 15.1 | N/A | N/A | 0% |
| Yemen | 12.9 | N/A | N/A | N/A | 0% |
| Qatar | N/A | 316 | 379 | N/A | 19.9% |
| Others | 0.4 | 0.8 | 1.7 | N/A | 106.2% |
| Total | 31.3 | 547 | 471 | 9.0 | -34.0% |
Top Export Markets for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified from Malaysia in 2022:
- China (3.7 tons)
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