Price for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Bangladesh - 2022
Contents:
- Price for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Bangladesh (FOB) - 2022
- Price for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Bangladesh (CIF) - 2022
- Exports of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Bangladesh
- Imports of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Bangladesh
Price for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Bangladesh (FOB) - 2022
In 2022, the average export price for vegetable oils; linseed oil and its fractions, crude, not chemically modifieds amounted to $1,276 per ton, with a decrease of -31.3% against the previous year. Over the period under review, the export price recorded a sharp curtailment. The most prominent rate of growth was recorded in 2021 when the average export price increased by 66% against the previous year. Over the period under review, the average export prices hit record highs at $10,355 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($2,392 per ton), while the average price for exports to India stood at $1,258 per ton.
From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (-1.6%).
Price for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Bangladesh (CIF) - 2022
The average import price for vegetable oils; linseed oil and its fractions, crude, not chemically modifieds stood at $7,768 per ton in 2022, increasing by 9.8% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.0%. The pace of growth was the most pronounced in 2017 when the average import price increased by 23% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($63,806 per ton), while the price for Germany totaled $1,901 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+24.7%).
Exports of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Bangladesh
In 2022, the amount of vegetable oils; linseed oil and its fractions, crude, not chemically modifieds exported from Bangladesh soared to 309 tons, growing by 136% compared with the previous year. In general, exports recorded a resilient increase.
In value terms, exports of vegetable oils; linseed oil and its fractions, crude, not chemically modifieds skyrocketed to $394K in 2022. Overall, exports showed a tangible increase.
| Export of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Bangladesh (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 349 | 545 | 242 | 382 | 3.1% |
| United States | N/A | N/A | N/A | 11.2 | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 349 | 545 | 242 | 394 | 4.1% |
Top Export Markets for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified from Bangladesh in 2022:
- India (303.9 tons)
- United States (4.7 tons)
Imports of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Bangladesh
In 2022, purchases abroad of vegetable oils; linseed oil and its fractions, crude, not chemically modifieds decreased by -48.8% to 1 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, saw a significant increase. The growth pace was the most rapid in 2021 with an increase of 721% against the previous year. As a result, imports reached the peak of 2 tons, and then shrank rapidly in the following year.
In value terms, imports of vegetable oils; linseed oil and its fractions, crude, not chemically modifieds declined rapidly to $8K in 2022. Overall, imports, however, enjoyed a significant expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 704%. As a result, imports reached the peak of $14K, and then dropped rapidly in the following year.
| Import of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Bangladesh (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 0.6 | 1.8 | 9.2 | 6.3 | 119.0% |
| Germany | N/A | N/A | 5.1 | 1.8 | -64.7% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 0.6 | 1.8 | 14.3 | 8.0 | 137.1% |
Top Suppliers of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified to Bangladesh in 2022:
- Germany (936.0 kg)
- Japan (98.0 kg)
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