Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Singapore - 2022
Contents:
- Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Singapore (FOB) - 2022
- Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Singapore (CIF) - 2022
- Exports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Singapore
- Imports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Singapore
Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Singapore (FOB) - 2022
In September 2022, the average export price for liquid margarine and edible mixtures of animal or vegetable fats amounted to $2,643 per ton, dropping by -3.5% against the previous month. In general, export price indicated a tangible expansion from September 2021 to September 2022: its price increased at an average monthly rate of +2.3% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2022 figures, export price for liquid margarine and edible mixtures of animal or vegetable fats decreased by -19.8% against May 2022 indices. The most prominent rate of growth was recorded in January 2022 when the average export price increased by 70% m-o-m. Over the period under review, the average export prices reached the peak figure at $3,296 per ton in May 2022; however, from June 2022 to September 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In September 2022, the country with the highest price was Japan ($6,589 per ton), while the average price for exports to Pakistan ($1,595 per ton) was amongst the lowest.
From September 2021 to September 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+8.8%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Singapore (CIF) - 2022
In September 2022, the average import price for liquid margarine and edible mixtures of animal or vegetable fats amounted to $2,308 per ton, falling by -18.5% against the previous month. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in January 2022 when the average import price increased by 56% month-to-month. The import price peaked at $3,340 per ton in May 2022; however, from June 2022 to September 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In September 2022, the country with the highest price was Malaysia ($3,191 per ton), while the price for Indonesia totaled $1,729 per ton.
From September 2021 to September 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+4.8%).
Exports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Singapore
In 2022, the amount of liquid margarine and edible mixtures of animal or vegetable fats exported from Singapore skyrocketed to 68K tons, increasing by 30% compared with the previous year. In general, exports continue to indicate a significant increase. The growth pace was the most rapid in 2021 when exports increased by 53% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, exports of liquid margarine and edible mixtures of animal or vegetable fats skyrocketed to $134M in 2022. Over the period under review, exports recorded a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 0.2 | 1.0 | 21.6 | 37.7 | 473.4% |
| South Korea | 13.7 | 11.3 | 14.1 | 21.0 | 15.3% |
| Japan | 13.7 | 10.2 | 5.8 | 13.3 | -1.0% |
| Thailand | 7.9 | 9.8 | 11.0 | 13.0 | 18.1% |
| Saudi Arabia | 1.4 | 4.7 | 4.0 | 6.2 | 64.2% |
| India | 2.4 | 2.4 | 4.1 | 4.5 | 23.3% |
| Malaysia | 3.7 | 3.0 | 3.2 | 4.5 | 6.7% |
| Indonesia | 2.8 | 2.2 | 2.2 | 4.3 | 15.4% |
| Australia | 3.4 | 5.8 | 4.5 | 3.8 | 3.8% |
| Algeria | 0.6 | 0.2 | 1.7 | 3.7 | 83.4% |
| Pakistan | 8.0 | 5.2 | 1.2 | 2.8 | -29.5% |
| Taiwan (Chinese) | 2.2 | 2.0 | 2.7 | 2.4 | 2.9% |
| Vietnam | 0.3 | 0.2 | 0.8 | 1.6 | 74.7% |
| Others | 11.7 | 11.0 | 14.0 | 14.9 | 8.4% |
| Total | 71.9 | 68.9 | 90.9 | 134 | 23.1% |
Top Export Markets for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats from Singapore in 2022:
- China (28.4K tons)
- South Korea (9.2K tons)
- Thailand (4.8K tons)
- Japan (3.3K tons)
- Algeria (2.9K tons)
- Saudi Arabia (2.1K tons)
- Pakistan (1.6K tons)
- Indonesia (1.5K tons)
- India (1.4K tons)
- Malaysia (1.4K tons)
- Australia (1.2K tons)
- Taiwan (Chinese) (1.1K tons)
- Vietnam (1.1K tons)
Imports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Singapore
Imports of liquid margarine and edible mixtures of animal or vegetable fats into Singapore surged to 57K tons in 2022, rising by 50% against the previous year. Overall, imports posted a significant expansion. The growth pace was the most rapid in 2021 with an increase of 140%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, imports of liquid margarine and edible mixtures of animal or vegetable fats skyrocketed to $102M in 2022. In general, imports saw significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 0.5 | 2.1 | 29.0 | 57.8 | 387.1% |
| Malaysia | 18.6 | 15.6 | 16.8 | 28.0 | 14.6% |
| Others | 24.7 | 19.7 | 15.2 | 15.9 | -13.7% |
| Total | 43.9 | 37.4 | 61.0 | 102 | 32.4% |
Top Suppliers of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats to Singapore in 2022:
- Indonesia (43.0K tons)
- Malaysia (13.1K tons)
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