Price for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Italy - 2023
Contents:
- Price for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Italy (CIF) - 2023
- Price for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Italy (FOB) - 2022
- Imports of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Italy
- Exports of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Italy
Price for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Italy (CIF) - 2023
The average import price for fats and oils and their fractions; of fish, (excluding liver-oils)s stood at $4,576 per ton in September 2023, picking up by 44% against the previous month. Over the last nine-month period, it increased at an average monthly rate of +3.0%. Over the period under review, average import prices hit record highs at $4,959 per ton in April 2023; however, from May 2023 to September 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was China ($35,366 per ton), while the price for Iceland ($17,722 per ton) was amongst the lowest.
From December 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Norway (+23.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Italy (FOB) - 2022
In 2022, the average export price for fats and oils and their fractions; of fish, (excluding liver-oils)s amounted to $5,754 per ton, with an increase of 128% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Spain ($16,706 per ton), while the average price for exports to Serbia ($1,509 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 Netherlands (+15.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Italy
In 2022, the amount of fats and oils and their fractions; of fish, (excluding liver-oils)s imported into Italy reached 14K tons, remaining stable against the previous year. In general, imports, however, continue to indicate a slight slump. The most prominent rate of growth was recorded in 2020 with an increase of 5.7% against the previous year. As a result, imports attained the peak of 16K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of fats and oils and their fractions; of fish, (excluding liver-oils)s soared to $36M in 2022. The total import value increased at an average annual rate of +10.6% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 5.8 | 8.2 | 9.8 | 8.8 | 14.9% |
| Spain | 4.9 | 4.9 | 5.3 | 7.5 | 15.2% |
| Norway | 0.7 | 0.8 | 0.5 | 3.9 | 77.3% |
| Poland | 1.2 | 2.0 | 2.7 | 3.2 | 38.7% |
| Netherlands | 3.1 | 2.3 | 3.0 | 2.7 | -4.5% |
| Belgium | 2.2 | 3.4 | 3.3 | 2.7 | 7.1% |
| Denmark | 3.4 | 1.7 | 1.6 | 1.9 | -17.6% |
| Cyprus | 1.4 | 0.6 | N/A | N/A | -57.1% |
| Others | 4.2 | 3.7 | 4.6 | 5.5 | 9.4% |
| Total | 26.8 | 27.5 | 30.7 | 36.2 | 10.5% |
Top Suppliers of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) to Italy in 2022:
- France (4.1K tons)
- Spain (3.2K tons)
- Norway (2.3K tons)
- Poland (1.6K tons)
- Belgium (0.8K tons)
- Netherlands (0.7K tons)
- Denmark (0.7K tons)
Exports of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Italy
In 2022, after three years of growth, there was significant decline in shipments abroad of fats and oils and their fractions; of fish, (excluding liver-oils)s, when their volume decreased by -73.5% to 186 tons. In general, exports showed a precipitous curtailment. The pace of growth was the most pronounced in 2020 when exports increased by 27%.
In value terms, exports of fats and oils and their fractions; of fish, (excluding liver-oils)s shrank sharply to $1.1M in 2022. Overall, exports recorded a pronounced decrease. The most prominent rate of growth was recorded in 2020 with an increase of 28%.
| Export of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Italy (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 22.3 | 212 | 242 | 598 | 199.3% |
| Germany | 126 | 98.3 | 132 | 226 | 21.5% |
| Serbia | 572 | 810 | 848 | 33.0 | -61.4% |
| Netherlands | 15.3 | 22.7 | 4.9 | 8.3 | -18.4% |
| Others | 474 | 405 | 540 | 202 | -24.7% |
| Total | 1,210 | 1,549 | 1,767 | 1,068 | -4.1% |
Top Export Markets for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) from Italy in 2022:
- Germany (109.6 tons)
- Spain (35.8 tons)
- Serbia (21.9 tons)
- Netherlands (3.2 tons)
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This report provides an in-depth analysis of the market for fish fat and oil in Italy.
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This report provides an in-depth analysis of the global market for fish fat and oil.
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This report provides an in-depth analysis of the market for fish fat and oil in Italy.
738
This report provides an in-depth analysis of the global market for fish fat and oil.
581
Over the past decade, global production of fish fat and oil rose from 3.7M tons to 11.3M tons. In value terms, production expanded significantly from $6.5B to $16.7B estimated in export prices.
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Over the past decade, global production of fish fat and oil rose from 3.7M tons to 11.3M tons. In value terms, production expanded significantly from $6.5B to $16.7B estimated in export prices.
