Price for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Singapore - 2022
Contents:
- Price for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Singapore (FOB) - 2022
- Price for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Singapore (CIF) - 2022
- Exports of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Singapore
- Imports of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Singapore
Price for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Singapore (FOB) - 2022
The average export price for vegetable oils; linseed oil and its fractions, crude, not chemically modifieds stood at $3,441 per ton in 2022, rising by 27% against the previous year. Over the period under review, the export price, however, recorded a deep setback. Over the period under review, the average export prices hit record highs at $7,365 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Indonesia ($5,112 per ton), while the average price for exports to Malaysia ($2,794 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 Vietnam (+5.5%), while the prices for the other major destinations experienced a decline.
Price for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Singapore (CIF) - 2022
In 2022, the average import price for vegetable oils; linseed oil and its fractions, crude, not chemically modifieds amounted to $14,548 per ton, increasing by 159% against the previous year. In general, the import price, however, continues to indicate a slight downturn. Over the period under review, average import prices hit record highs at $16,679 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was New Zealand ($25,619 per ton), while the price for India ($1,000 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+46.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Singapore
Exports of vegetable oils; linseed oil and its fractions, crude, not chemically modifieds from Singapore reduced to 12 tons in 2022, declining by -6.1% against 2021. Over the period under review, exports, however, showed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 167%. As a result, the exports reached the peak of 13 tons, and then contracted in the following year.
In value terms, exports of vegetable oils; linseed oil and its fractions, crude, not chemically modifieds soared to $43K in 2022. In general, exports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 131%. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in years to come.
| Export of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 16.1 | 0.2 | 26.6 | 21.8 | 10.6% |
| Indonesia | 1.1 | 7.9 | 2.8 | 12.2 | 123.0% |
| Vietnam | 5.8 | 5.4 | 6.6 | 8.9 | 15.3% |
| Others | N/A | 2.1 | N/A | N/A | 0% |
| Total | 22.9 | 15.6 | 35.9 | 42.9 | 23.3% |
Top Export Markets for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified from Singapore in 2022:
- Malaysia (7.8 tons)
- Indonesia (2.4 tons)
- Vietnam (2.3 tons)
Imports of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Singapore
Imports of vegetable oils; linseed oil and its fractions, crude, not chemically modifieds into Singapore declined remarkably to 682 kg in 2022, dropping by -94.7% compared with 2021. Over the period under review, imports faced a sharp descent. The growth pace was the most rapid in 2021 with an increase of 158% against the previous year. As a result, imports attained the peak of 13 tons, and then declined notably in the following year.
In value terms, imports of vegetable oils; linseed oil and its fractions, crude, not chemically modifieds contracted significantly to $9.9K in 2022. Overall, imports faced a significant decrease. The growth pace was the most rapid in 2020 with an increase of 71%.
| Import of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | N/A | 4.6 | 10.0 | 4.1 | -5.6% |
| Australia | 23.1 | 25.9 | 36.5 | 2.9 | -49.9% |
| Germany | 2.7 | 2.0 | 2.1 | 1.3 | -21.6% |
| China | N/A | N/A | N/A | 0.6 | 0% |
| Italy | N/A | N/A | 4.6 | 0.3 | -93.5% |
| Tunisia | N/A | N/A | N/A | 0.2 | 0% |
| United Kingdom | N/A | 7.9 | N/A | 0.1 | -88.7% |
| Belgium | 4.8 | 0.8 | 11.7 | N/A | 56.1% |
| Malaysia | N/A | 15.1 | N/A | N/A | 0% |
| India | N/A | N/A | 6.7 | N/A | 0% |
| Others | 2.4 | N/A | 0.1 | 0.4 | -45.0% |
| Total | 33.0 | 56.4 | 71.7 | 9.9 | -33.1% |
Top Suppliers of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified to Singapore in 2022:
- Australia (270.0 kg)
- New Zealand (160.0 kg)
- China (120.0 kg)
- Germany (50.0 kg)
- Tunisia (30.0 kg)
- Italy (20.0 kg)
- United Kingdom (10.0 kg)
- India (1.0 kg)
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