Price for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Mexico - 2022

Contents:

  1. Price for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Mexico (CIF) - 2022
  2. Price for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Mexico (FOB) - 2022
  3. Imports of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Mexico
  4. Exports of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Mexico

Price for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Mexico (CIF) - 2022

In 2022, the average import price for vegetable oils; linseed oil and its fractions, crude, not chemically modifieds amounted to $3,686 per ton, standing approx. at the previous year. Over the period under review, the import price recorded a perceptible slump. The most prominent rate of growth was recorded in 2015 when the average import price increased by 65% against the previous year. As a result, import price attained the peak level of $9,292 per ton. From 2016 to 2022, the average import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($3,924 per ton), while the price for Canada stood at $3,474 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (-2.0%).

Price for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Mexico (FOB) - 2022

In 2022, the average export price for vegetable oils; linseed oil and its fractions, crude, not chemically modifieds amounted to $5,328 per ton, therefore, remained relatively stable against the previous year. In general, the export price recorded a perceptible curtailment. The pace of growth was the most pronounced in 2016 an increase of 174% against the previous year. Over the period under review, the average export prices reached the peak figure at $13,321 per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Costa Rica ($41,143 per ton), while the average price for exports to the United States ($4,147 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 El Salvador (+12.8%), 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 Mexico

In 2022, purchases abroad of vegetable oils; linseed oil and its fractions, crude, not chemically modifieds decreased by -20.5% to 29 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, saw a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 530%.

In value terms, imports of vegetable oils; linseed oil and its fractions, crude, not chemically modifieds contracted markedly to $105K in 2022. In general, imports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 311%.

Import of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Mexico (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Canada17.928.366.753.243.8%
United States0.348.067.452.0457.6%
Others0.50.20.30.3-15.7%
Total18.676.513410578.1%

Top Suppliers of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified to Mexico in 2022:

  1. Canada (15.3 tons)
  2. United States (13.3 tons)

Exports of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Mexico

In 2022, the amount of vegetable oils; linseed oil and its fractions, crude, not chemically modifieds exported from Mexico surged to 518 kg, jumping by 37% compared with the year before. Overall, exports continue to indicate significant growth. The growth pace was the most rapid in 2020 with an increase of 458%. As a result, the exports reached the peak of 658 kg. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of vegetable oils; linseed oil and its fractions, crude, not chemically modifieds soared to $2.8K in 2022. In general, exports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2020 when exports increased by 269% against the previous year. As a result, the exports reached the peak of $3.5K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

Export of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Mexico (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States0.83.01.62.137.9%
Others0.10.50.40.791.3%
Total0.93.52.02.846.0%

Top Export Markets for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified from Mexico in 2022:

  1. United States (504.0 kg)

Source: IndexBox Market Intelligence Platform

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