United Kingdom - Vegetable Fats And Oils - Market Analysis, Forecast, Size, Trends And Insights
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View PricingVegetable Oils Price in the UK - 2023
Contents:
- Vegetable Oils Price in the UK (CIF) - 2023
- Vegetable Oils Price in the UK (FOB) - 2023
- Vegetable Oils Imports in the UK
- Vegetable Oils Exports in the UK
Vegetable Oils Price in the UK (CIF) - 2023
The average vegetable oils import price stood at $2,024 per ton in May 2023, shrinking by -15% against the previous month. Over the period under review, the import price showed a pronounced downturn. The pace of growth was the most pronounced in April 2023 when the average import price increased by 17% month-to-month. The import price peaked at $2,855 per ton in June 2022; however, from July 2022 to May 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Spain ($64,268 per ton), while the price for Malaysia ($1,605 per ton) was amongst the lowest.
From May 2022 to May 2023, the most notable rate of growth in terms of prices was attained by Spain (+32.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Vegetable Oils Price in the UK (FOB) - 2023
In May 2023, the average vegetable oils export price amounted to $1,832 per ton, shrinking by -37.2% against the previous month. Over the period under review, the export price saw a pronounced setback. The pace of growth was the most pronounced in February 2023 when the average export price increased by 41% month-to-month. As a result, the export price reached the peak level of $3,670 per ton. From March 2023 to May 2023, the the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In May 2023, the country with the highest price was Germany ($2,844 per ton), while the average price for exports to China ($1,106 per ton) was amongst the lowest.
From May 2022 to May 2023, the most notable rate of growth in terms of prices was recorded for supplies to Bulgaria (+5.7%), while the prices for the other major destinations experienced mixed trend patterns.
Vegetable Oils Imports in the UK
In 2022, approx. 38K tons of vegetable fats and oils were imported into the UK; surging by 41% on 2021 figures. Over the period under review, imports recorded a measured increase. The pace of growth was the most pronounced in 2020 with an increase of 61%. As a result, imports attained the peak of 54K tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, vegetable oils imports skyrocketed to $93M in 2022. In general, imports continue to indicate a strong increase.
| Import of Vegetable Oils in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 34.5 | 81.9 | 17.4 | 23.5 | -12.0% |
| Malaysia | 1.9 | N/A | N/A | 22.2 | 126.9% |
| Ireland | 0.8 | 0.8 | 1.1 | 12.7 | 151.3% |
| Germany | 5.1 | 6.0 | 6.8 | 11.6 | 31.5% |
| Belgium | 2.6 | 1.9 | 2.3 | 4.8 | 22.7% |
| Spain | 1.7 | 1.2 | 4.3 | 4.5 | 38.3% |
| France | 1.7 | 4.1 | 1.0 | 4.2 | 35.2% |
| Indonesia | 12.1 | 8.5 | 13.0 | 2.0 | -45.1% |
| Others | 3.5 | 4.5 | 5.6 | 7.9 | 31.2% |
| Total | 63.8 | 109 | 51.6 | 93.4 | 13.5% |
Top Suppliers of Vegetable Oils to the UK in 2022:
- Netherlands (11.1K tons)
- Malaysia (9.3K tons)
- Ireland (6.3K tons)
- Germany (2.6K tons)
- France (2.3K tons)
- Belgium (1.7K tons)
- Spain (1.6K tons)
- Indonesia (0.8K tons)
Vegetable Oils Exports in the UK
In 2022, the amount of vegetable fats and oils exported from the UK reduced remarkably to 9.7K tons, falling by -22.4% compared with the year before. Overall, exports continue to indicate a deep reduction. The pace of growth appeared the most rapid in 2021 with an increase of 19% against the previous year. As a result, the exports reached the peak of 13K tons, and then shrank sharply in the following year.
In value terms, vegetable oils exports fell to $19M in 2022. In general, exports saw a pronounced decline. The pace of growth appeared the most rapid in 2021 when exports increased by 15% against the previous year. As a result, the exports attained the peak of $22M, and then dropped in the following year.
| Export of Vegetable Oils in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ireland | 4.6 | 3.8 | 4.6 | 4.0 | -4.6% |
| France | 2.2 | 2.3 | 3.3 | 3.5 | 16.7% |
| Germany | 6.5 | 3.5 | 1.2 | 2.2 | -30.3% |
| Bulgaria | 0.5 | 0.8 | 1.1 | 1.3 | 37.5% |
| Poland | 2.5 | 2.7 | 2.0 | 0.9 | -28.9% |
| Russia | N/A | N/A | 0.4 | 0.9 | 125.0% |
| Netherlands | 0.3 | 0.7 | 3.9 | 0.6 | 26.0% |
| Australia | 1.3 | 1.9 | N/A | N/A | 46.2% |
| Others | 2.7 | 3.2 | 5.2 | 5.1 | 23.6% |
| Total | 20.8 | 19.0 | 21.8 | 18.6 | -3.7% |
Top Export Markets for Vegetable Oils from the UK in 2022:
- Australia (undefinedK tons)
- Ireland (2.7K tons)
- France (1.5K tons)
- Germany (1.0K tons)
- Bulgaria (0.8K tons)
- Netherlands (0.5K tons)
- Russia (0.5K tons)
- Poland (0.4K tons)
This report provides an in-depth analysis of the vegetable oils market in the UK. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 10416050 - Vegetable fats and oils and their fractions partly or wholly hydrogenated, inter-esterified, re-esterified or elaidinised, but not further prepared (including refined)
Country coverage:
- United Kingdom
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the UK
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
446
This report provides an in-depth analysis of the vegetable oils market in the UK.
380
This report provides an in-depth analysis of the animal fats market in the UK.
1644
This report provides an in-depth analysis of the global vegetable oils market.
1089
This report provides an in-depth analysis of the global animal fats market.
446
This report provides an in-depth analysis of the vegetable oils market in the UK.
380
This report provides an in-depth analysis of the animal fats market in the UK.
1644
This report provides an in-depth analysis of the global vegetable oils market.
1089
This report provides an in-depth analysis of the global animal fats market.
527
Imports of Animal Fats reached a peak in December 2023, with a value of $1.5M.
279
In May 2023, the price of Animal Fats reached $6,191 per ton (CIF, United Kingdom), exhibiting a significant 56% increase compared to the previous month.
279
This article provides key statistics and insights into the best import markets for vegetable oils. China leads the way, followed by Germany, Malaysia, the United States, Poland, Denmark, France, Thailand, Belgium, and the Netherlands. The global market for vegetable oils continues to expand due to factors such as increasing health consciousness and the versatility of these oils in culinary applications.
527
Imports of Animal Fats reached a peak in December 2023, with a value of $1.5M.
279
In May 2023, the price of Animal Fats reached $6,191 per ton (CIF, United Kingdom), exhibiting a significant 56% increase compared to the previous month.
279
This article provides key statistics and insights into the best import markets for vegetable oils. China leads the way, followed by Germany, Malaysia, the United States, Poland, Denmark, France, Thailand, Belgium, and the Netherlands. The global market for vegetable oils continues to expand due to factors such as increasing health consciousness and the versatility of these oils in culinary applications.
