Price for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Sri Lanka - 2022
Contents:
- Price for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Sri Lanka (CIF) - 2022
- Price for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Sri Lanka (FOB) - 2022
- Imports of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Sri Lanka
- Exports of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Sri Lanka
Price for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Sri Lanka (CIF) - 2022
In 2022, the average import price for vegetable oils; linseed oil and its fractions, crude, not chemically modifieds amounted to $12,840 per ton, increasing by 659% against the previous year. In general, the import price recorded significant growth. As a result, import price reached 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 the UK.
From 2012 to 2022, the rate of growth in terms of prices for Belgium amounted to +1.0% per year.
Price for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Sri Lanka (FOB) - 2022
In 2021, the average export price for vegetable oils; linseed oil and its fractions, crude, not chemically modifieds amounted to $8,811 per ton, reducing by -3.5% against the previous year. Overall, the export price, however, showed strong growth. The export price peaked at $12,156 per ton in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Saudi Arabia ($14,594 per ton), while the average price for exports to Switzerland totaled $7,366 per ton.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (+4.3%).
Imports of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Sri Lanka
In 2022, the amount of vegetable oils; linseed oil and its fractions, crude, not chemically modifieds imported into Sri Lanka dropped sharply to 25 kg, shrinking by -99% compared with 2021. In general, imports showed a precipitous slump. The pace of growth was the most pronounced in 2021 with an increase of 280%. As a result, imports reached the peak of 2.5 tons, and then shrank sharply in the following year.
In value terms, imports of vegetable oils; linseed oil and its fractions, crude, not chemically modifieds contracted markedly to $321 in 2022. Over the period under review, imports continue to indicate a sharp setback. The growth pace was the most rapid in 2021 when imports increased by 391% against the previous year. As a result, imports reached the peak of $4.3K, and then contracted remarkably in the following year.
| Import of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Sri Lanka (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 203 | 97.0 | 340 | 321 | 16.5% |
| India | 130 | 265 | 2,998 | N/A | 380.2% |
| Belgium | 889 | 510 | 941 | N/A | 2.9% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 1,222 | 872 | 4,279 | 321 | -36.0% |
Top Suppliers of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified to Sri Lanka in 2022:
- United Kingdom (25.0 kg)
Exports of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Sri Lanka
For the third consecutive year, Sri Lanka recorded growth in shipments abroad of vegetable oils; linseed oil and its fractions, crude, not chemically modifieds, which increased by 82% to 875 kg in 2021. Over the period under review, exports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 436% against the previous year. Over the period under review, the exports of reached the peak figure in 2021 and are likely to see gradual growth in years to come.
In value terms, exports of vegetable oils; linseed oil and its fractions, crude, not chemically modifieds surged to $7.7K in 2021. Overall, exports saw a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 302%. The exports peaked in 2021 and are expected to retain growth in the immediate term.
| Export of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| Switzerland | 0.1 | N/A | 5.2 | 621.1% | |
| Saudi Arabia | N/A | N/A | 2.6 | 0% | |
| United States | N/A | 4.4 | N/A | 0% | |
| Canada | 1.0 | N/A | N/A | 0% | |
| Others | N/A | N/A | N/A | 0% | |
| Total | 1.1 | 4.4 | 7.7 | 164.6% | |
Top Export Markets for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified from Sri Lanka in 2022:
- Switzerland (700.0 kg)
- Saudi Arabia (175.0 kg)
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