Price for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Russia - 2022
Contents:
- Price for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Russia (FOB) - 2022
- Price for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Russia (CIF) - 2022
- Exports of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Russia
- Imports of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Russia
Price for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Russia (FOB) - 2022
In 2022, the average export price for vegetable oils; linseed oil and its fractions, crude, not chemically modifieds amounted to $1,160 per ton, shrinking by -17.4% against the previous year. Over the period under review, the export price continues to indicate a deep setback. The pace of growth appeared the most rapid in 2021 an increase of 23% against the previous year. Over the period under review, the average export prices attained the maximum at $3,752 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Turkey ($1,284 per ton) and Norway ($1,243 per ton), while the average price for exports to Belgium ($1,094 per ton) and China ($1,145 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+13.7%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Russia (CIF) - 2022
The average import price for vegetable oils; linseed oil and its fractions, crude, not chemically modifieds stood at $2,539 per ton in 2022, declining by -16.6% against the previous year. Overall, the import price showed a deep reduction. The growth pace was the most rapid in 2021 an increase of 39%. The import price peaked at $5,265 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for Belarus.
From 2012 to 2022, the rate of growth in terms of prices for Belarus amounted to +4.0% per year.
Exports of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Russia
In 2022, approx. 30K tons of vegetable oils; linseed oil and its fractions, crude, not chemically modifieds were exported from Russia; with an increase of 7.3% on the year before. In general, exports showed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 5,037%. The exports peaked in 2022 and are likely to see steady growth in years to come.
In value terms, exports of vegetable oils; linseed oil and its fractions, crude, not chemically modifieds fell to $34M in 2022. Over the period under review, exports recorded a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 3,325% against the previous year.
| Export of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Russia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 0.4 | 20.1 | 21.5 | 15.3 | 236.9% |
| Norway | 0.4 | 8.6 | 8.4 | 9.0 | 182.3% |
| Belgium | N/A | N/A | 2.7 | 4.5 | 66.7% |
| Turkey | N/A | 0.7 | 0.6 | 0.6 | -7.4% |
| Others | N/A | 0.5 | 5.6 | 5.0 | 216.2% |
| Total | 0.9 | 30.0 | 38.8 | 34.4 | 236.9% |
Top Export Markets for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified from Russia in 2022:
- China (13.4K tons)
- Norway (7.2K tons)
- Belgium (4.1K tons)
- Turkey (0.5K tons)
Imports of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Russia
In 2022, supplies from abroad of vegetable oils; linseed oil and its fractions, crude, not chemically modifieds was finally on the rise to reach 76 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, continue to indicate a significant curtailment.
In value terms, imports of vegetable oils; linseed oil and its fractions, crude, not chemically modifieds rose slightly to $192K in 2022. Overall, imports, however, continue to indicate a sharp decline.
| Import of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Russia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belarus | 352 | 0.4 | 0.3 | 192 | -18.3% |
| Kazakhstan | 0.3 | 16.2 | 4.8 | N/A | 300.0% |
| Ukraine | 22.3 | 88.2 | 87.9 | N/A | 98.5% |
| Others | 7.2 | 91.1 | 95.0 | N/A | 263.2% |
| Total | 381 | 196 | 188 | 192 | -20.4% |
Top Suppliers of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified to Russia in 2022:
- Belarus (75.6 tons)
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