Price for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Morocco - 2023
Contents:
- Price for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Morocco (CIF) - 2022
- Price for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Morocco (FOB) - 2022
- Imports of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Morocco
- Exports of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Morocco
Price for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Morocco (CIF) - 2022
The average import price for vegetable oils; linseed oil and its fractions, crude, not chemically modifieds stood at $2,471 per ton in 2022, with an increase of 8.1% against the previous year. In general, the import price continues to indicate a resilient expansion. The most prominent rate of growth was recorded in 2021 an increase of 78% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($9,310 per ton), while the price for Belgium ($2,145 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+20.4%), 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 Morocco (FOB) - 2022
The average export price for vegetable oils; linseed oil and its fractions, crude, not chemically modifieds stood at $3,395 per ton in 2022, growing by 72% against the previous year. Over the period under review, the export price posted a prominent increase. The pace of growth appeared the most rapid in 2015 when the average export price increased by 86% against the previous year. The export price peaked at $10,090 per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Mauritania.
From 2012 to 2022, the rate of growth in terms of prices for Mauritania amounted to +65.0% per year.
Imports of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Morocco
Imports of vegetable oils; linseed oil and its fractions, crude, not chemically modifieds into Morocco dropped remarkably to 113 tons in 2022, waning by -31.3% compared with the year before. In general, imports recorded a abrupt decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 212% against the previous year.
In value terms, imports of vegetable oils; linseed oil and its fractions, crude, not chemically modifieds dropped significantly to $280K in 2022. Over the period under review, imports, however, continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 457%. As a result, imports reached the peak of $377K, and then declined remarkably in the following year.
| Import of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Morocco (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 57.2 | 12.9 | 171 | 225 | 57.9% |
| Spain | 3.3 | 1.6 | 0.7 | 45.5 | 139.8% |
| Germany | 9.1 | 4.9 | 24.2 | 8.0 | -4.2% |
| Netherlands | 20.6 | 11.4 | 21.5 | N/A | 2.2% |
| Others | 89.2 | 36.8 | 160 | 0.7 | -80.1% |
| Total | 179 | 67.6 | 377 | 280 | 16.1% |
Top Suppliers of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified to Morocco in 2022:
- Belgium (105.1 tons)
- Spain (4.9 tons)
- Germany (3.0 tons)
Exports of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Morocco
In 2022, after three years of growth, there was significant decline in overseas shipments of vegetable oils; linseed oil and its fractions, crude, not chemically modifieds, when their volume decreased by -88% to 1.5 tons. Over the period under review, exports saw a abrupt setback. The most prominent rate of growth was recorded in 2020 with an increase of 354% against the previous year.
In value terms, exports of vegetable oils; linseed oil and its fractions, crude, not chemically modifieds fell dramatically to $5.2K in 2022. In general, exports showed a significant decline. The most prominent rate of growth was recorded in 2020 when exports increased by 33% against the previous year.
| Export of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Morocco (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mauritania | N/A | N/A | 11.1 | 5.2 | -53.2% |
| Germany | 1.0 | 4.5 | 0.4 | N/A | -36.8% |
| Iceland | N/A | N/A | 0.1 | N/A | 0% |
| Canada | N/A | N/A | 10.9 | N/A | 0% |
| Others | 14.1 | 15.6 | 2.4 | N/A | -58.7% |
| Total | 15.2 | 20.1 | 25.0 | 5.2 | -30.1% |
Top Export Markets for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified from Morocco in 2022:
- Mauritania (1.5 tons)
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