Price for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in the UK - 2023
Contents:
- Price for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in the UK (CIF) - 2023
- Price for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in the UK (FOB) - 2022
- Imports of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in the UK
- Exports of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in the UK
Price for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in the UK (CIF) - 2023
The average import price for vegetable oils; linseed oil and its fractions, crude, not chemically modifieds stood at $1,862 per ton in November 2023, increasing by 56% against the previous month. Over the period under review, the import price, however, saw a slight decrease. Over the period under review, average import prices reached the maximum at $2,858 per ton in July 2023; however, from August 2023 to November 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was China ($2,946 per ton), while the price for Belgium stood at $1,599 per ton.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by China (+2.2%).
Price for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in the UK (FOB) - 2022
In 2022, the average export price for vegetable oils; linseed oil and its fractions, crude, not chemically modifieds amounted to $5,233 per ton, picking up by 106% against the previous year. In general, the export price, however, recorded a pronounced curtailment. Over the period under review, the average export prices reached the maximum at $6,972 per ton in 2013; however, from 2014 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 the United States ($48,632 per ton), while the average price for exports to Ireland ($1,946 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 the United States (+4.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in the UK
In 2022, approx. 2.1K tons of vegetable oils; linseed oil and its fractions, crude, not chemically modifieds were imported into the UK; rising by 251% against 2021. Over the period under review, imports showed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of vegetable oils; linseed oil and its fractions, crude, not chemically modifieds soared to $3.9M in 2022. Overall, imports recorded a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 492 | 402 | 800 | 3,399 | 90.5% |
| Germany | 21.3 | 246 | 62.2 | 145 | 89.5% |
| Netherlands | 96.3 | 319 | 303 | 131 | 10.8% |
| Others | 115 | 103 | 95.2 | 202 | 20.7% |
| Total | 725 | 1,070 | 1,261 | 3,877 | 74.9% |
Top Suppliers of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified to the UK in 2022:
- Belgium (1938.4 tons)
- Germany (35.6 tons)
- Netherlands (30.5 tons)
Exports of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in the UK
In 2022, exports of vegetable oils; linseed oil and its fractions, crude, not chemically modifieds from the UK declined rapidly to 72 tons, reducing by -53.5% compared with the year before. Overall, exports continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2021 when exports increased by 106% against the previous year. As a result, the exports reached the peak of 155 tons, and then contracted rapidly in the following year.
In value terms, exports of vegetable oils; linseed oil and its fractions, crude, not chemically modifieds declined modestly to $376K in 2022. The total export value increased at an average annual rate of +7.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 38%. As a result, the exports reached the peak of $392K, and then declined slightly in the following year.
| Export of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 25.7 | 71.6 | 27.2 | 135 | 73.8% |
| Germany | 51.7 | 1.6 | 16.9 | 40.6 | -7.7% |
| Belgium | 0.4 | 1.1 | N/A | 38.9 | 359.9% |
| Ireland | 80.3 | 70.1 | 228 | 27.8 | -29.8% |
| Sierra Leone | 42.6 | 5.1 | 55.4 | 22.5 | -19.2% |
| United Arab Emirates | 0.5 | 2.8 | N/A | 17.2 | 225.2% |
| Israel | 1.8 | 3.7 | N/A | 9.2 | 72.3% |
| Kenya | 25.8 | N/A | N/A | N/A | 0% |
| Others | 70.6 | 128 | 64.7 | 84.4 | 6.1% |
| Total | 299 | 284 | 392 | 376 | 7.9% |
Top Export Markets for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified from the UK in 2022:
- Belgium (14.9 tons)
- Ireland (14.3 tons)
- Sierra Leone (11.0 tons)
- Germany (10.9 tons)
- United Arab Emirates (6.6 tons)
- United States (2.8 tons)
- Israel (2.0 tons)
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