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

Contents:

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

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

In 2022, the average import price for vegetable oils; linseed oil and its fractions, crude, not chemically modifieds amounted to $4,780 per ton, rising by 233% against the previous year. Overall, the import price continues to indicate resilient growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +28.4% per year.

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

In 2022, the average export price for vegetable oils; linseed oil and its fractions, crude, not chemically modifieds amounted to $5,589 per ton, reducing by -3.9% against the previous year. In general, the export price, however, posted a mild increase. The most prominent rate of growth was recorded in 2014 an increase of 62% against the previous year. The export price peaked at $8,907 per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

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 Spain amounted to +22.8% per year.

Imports of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Peru

In 2022, supplies from abroad of vegetable oils; linseed oil and its fractions, crude, not chemically modifieds decreased by -96.3% to 50 kg for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports recorded a sharp reduction. The pace of growth was the most pronounced in 2021 with an increase of 31% against the previous year. As a result, imports attained the peak of 1.3 tons, and then declined dramatically in the following year.

In value terms, imports of vegetable oils; linseed oil and its fractions, crude, not chemically modifieds dropped sharply to $239 in 2022. Overall, imports continue to indicate a significant curtailment. The pace of growth appeared the most rapid in 2020 with an increase of 27%. As a result, imports reached the peak of $2.2K. From 2021 to 2022, the growth of imports of failed to regain momentum.

Import of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Peru (USD)
COUNTRY2019202020212022CAGR,
2019-2022
ChinaN/A16617523920.0%
Germany1,6411,9221,255N/A-12.5%
Others68.074.0499N/A170.9%
Total1,7092,1621,929239-48.1%

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

  1. China (50.0 kg)

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

In 2022, overseas shipments of vegetable oils; linseed oil and its fractions, crude, not chemically modifieds decreased by 0% to 659 kg, falling for the second consecutive year after two years of growth. The total export volume increased at an average annual rate of +5.5% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 17%. As a result, the exports reached the peak of 660 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 fell modestly to $3.7K in 2022. Over the period under review, exports saw a abrupt descent. The most prominent rate of growth was recorded in 2021 when exports increased by 8.5%.

Export of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Peru (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States2.52.23.83.714.0%
Spain0.9N/AN/AN/A0%
Norway1.5N/AN/AN/A0%
JapanN/A1.1N/AN/A0%
OthersN/A0.2N/AN/A0%
Total5.03.53.83.7-9.5%

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

  1. United States (657.0 kg)

Source: IndexBox Market Intelligence Platform

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