Non-Liquid Margarine Price in Finland - 2023
Contents:
- Non-Liquid Margarine Price in Finland (CIF) - 2023
- Non-Liquid Margarine Price in Finland (FOB) - 2023
- Non-Liquid Margarine Imports in Finland
- Non-Liquid Margarine Exports in Finland
Non-Liquid Margarine Price in Finland (CIF) - 2023
The average non-liquid margarine import price stood at $3,414 per ton in May 2023, surging by 5.8% against the previous month. Over the period from May 2022 to May 2023, it increased at an average monthly rate of +1.5%. The most prominent rate of growth was recorded in July 2022 an increase of 17% against the previous month. Over the period under review, average import prices hit record highs at $3,596 per ton in January 2023; however, from February 2023 to May 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In May 2023, the country with the highest price was Belgium ($6,143 per ton), while the price for Lithuania ($2,122 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 Lithuania (+1.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Non-Liquid Margarine Price in Finland (FOB) - 2023
In June 2023, the average non-liquid margarine export price amounted to $2,837 per ton, increasing by 5.9% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +2.3%. The pace of growth was the most pronounced in April 2023 an increase of 13% m-o-m. The export price peaked in June 2023.
Average prices varied somewhat for the major overseas markets. In June 2023, the highest price was recorded for prices to Sweden ($3,169 per ton) and Latvia ($3,027 per ton), while the average price for exports to Norway ($2,365 per ton) and Estonia ($2,832 per ton) were amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (+2.9%), while the prices for the other major destinations experienced more modest paces of growth.
Non-Liquid Margarine Imports in Finland
In 2022, imports of non-liquid margarine into Finland skyrocketed to 15K tons, picking up by 24% on the previous year's figure. In general, imports, however, saw a abrupt decrease.
In value terms, non-liquid margarine imports contracted modestly to $30M in 2022. Overall, imports, however, recorded a perceptible contraction. The most prominent rate of growth was recorded in 2021 with an increase of 34%.
| Import of Non-Liquid Margarine in Finland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 23.2 | 12.2 | 20.7 | 21.6 | -2.4% |
| Belgium | 4.4 | 4.8 | 4.2 | 3.7 | -5.6% |
| Denmark | 2.3 | 2.0 | 2.5 | 3.3 | 12.8% |
| Poland | 1.1 | 2.1 | 1.2 | 0.5 | -23.1% |
| Netherlands | 1.5 | 1.2 | 1.3 | N/A | -6.9% |
| Others | 0.3 | 0.4 | 0.5 | 0.9 | 44.2% |
| Total | 32.8 | 22.7 | 30.4 | 30.1 | -2.8% |
Top Suppliers of Non-Liquid Margarine to Finland in 2022:
- Sweden (11.4K tons)
- Denmark (2.0K tons)
- Belgium (0.6K tons)
- Poland (0.2K tons)
Non-Liquid Margarine Exports in Finland
In 2022, overseas shipments of non-liquid margarine increased by 15% to 4.4K tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, showed a drastic downturn.
In value terms, non-liquid margarine exports skyrocketed to $10M in 2022. The total export value increased at an average annual rate of +5.1% from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Non-Liquid Margarine in Finland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 3.8 | 3.4 | 3.1 | 4.4 | 5.0% |
| Norway | 1.9 | 2.2 | 2.4 | 2.4 | 8.1% |
| Estonia | 1.9 | 1.9 | 2.1 | 2.3 | 6.6% |
| Poland | 0.3 | 0.2 | 0.2 | 0.4 | 10.1% |
| Latvia | 0.1 | 0.2 | 0.2 | 0.2 | 26.0% |
| Spain | 0.3 | 0.2 | 0.2 | 0.2 | -12.6% |
| Denmark | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
| Others | 0.3 | 0.2 | 0.1 | N/A | -42.3% |
| Total | 8.6 | 8.5 | 8.4 | 10.0 | 5.2% |
Top Export Markets for Non-Liquid Margarine from Finland in 2022:
- Sweden (1749.4 tons)
- Norway (1211.1 tons)
- Estonia (1053.4 tons)
- Poland (164.1 tons)
- Latvia (79.2 tons)
- Denmark (67.6 tons)
- Spain (67.5 tons)
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