Price for Fats and Oils and Their Fractions; of Marine Mammals in Iran - 2022

Price for Fats and Oils and Their Fractions; of Marine Mammals in Iran (CIF) - 2022

The average import price for fats and oils and their fractions; of marine mammalses stood at $14,316 per ton in 2022, flattening at the previous year. In general, the import price, however, posted a resilient expansion. The pace of growth appeared the most rapid in 2015 when the average import price increased by 421% against the previous year. Over the period under review, average import prices hit record highs at $52,642 per ton in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Turkey ($27,611 per ton), while the price for the United Arab Emirates totaled $2,350 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+107.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Imports of Fats and Oils and Their Fractions; of Marine Mammals in Iran

In 2022, the amount of fats and oils and their fractions; of marine mammalses imported into Iran reduced markedly to 38 kg, waning by -36.7% compared with the previous year. Over the period under review, imports showed a noticeable slump. The pace of growth was the most pronounced in 2021 when imports increased by 94% against the previous year. As a result, imports reached the peak of 60 kg, and then dropped notably in the following year.

In value terms, imports of fats and oils and their fractions; of marine mammalses dropped dramatically to $544 in 2022. Overall, imports, however, enjoyed resilient growth. The pace of growth appeared the most rapid in 2021 with an increase of 286%. As a result, imports reached the peak of $865, and then reduced remarkably in the following year.