Price for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Italy - 2023
Contents:
- Price for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Italy (CIF) - 2022
- Price for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Italy (FOB) - 2022
- Imports of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Italy
- Exports of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Italy
Price for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Italy (CIF) - 2022
The average import price for vegetable oils; linseed oil and its fractions, crude, not chemically modifieds stood at $1,753 per ton in 2022, growing by 43% against the previous year. Overall, import price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for vegetable oils; linseed oil and its fractions, crude, not chemically modifieds increased by +95.9% against 2019 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($3,152 per ton), while the price for Germany ($1,614 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+30.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Italy (FOB) - 2022
In 2022, the average export price for vegetable oils; linseed oil and its fractions, crude, not chemically modifieds amounted to $5,068 per ton, reducing by -20.6% against the previous year. Overall, export price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for vegetable oils; linseed oil and its fractions, crude, not chemically modifieds increased by +54.7% against 2017 indices. The most prominent rate of growth was recorded in 2019 when the average export price increased by 63% against the previous year. Over the period under review, the average export prices reached the maximum at $6,384 per ton in 2021, and then contracted rapidly in the following year.
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 Switzerland ($15,553 per ton), while the average price for exports to Slovenia ($1,126 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 China (+25.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Italy
For the third year in a row, Italy recorded decline in purchases abroad of vegetable oils; linseed oil and its fractions, crude, not chemically modifieds, which decreased by -9% to 2.4K tons in 2022. In general, imports saw a abrupt contraction. The smallest decline of -3.8% was in 2021.
In value terms, imports of vegetable oils; linseed oil and its fractions, crude, not chemically modifieds soared to $4.2M in 2022. Overall, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +15.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +53.7% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Italy (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 1,600 | 1,234 | 1,589 | 2,527 | 16.5% |
| Germany | 882 | 966 | 1,183 | 1,065 | 6.5% |
| Poland | N/A | 50.0 | 43.8 | 225 | 112.1% |
| Romania | 151 | 266 | 167 | 129 | -5.1% |
| Others | 77.1 | 193 | 217 | 218 | 41.4% |
| Total | 2,710 | 2,709 | 3,200 | 4,164 | 15.4% |
Top Suppliers of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified to Italy in 2022:
- Belgium (1520.6 tons)
- Germany (659.7 tons)
- Poland (128.0 tons)
- Romania (27.9 tons)
Exports of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Italy
In 2022, the amount of vegetable oils; linseed oil and its fractions, crude, not chemically modifieds exported from Italy surged to 500 tons, with an increase of 43% compared with the previous year. In general, exports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 87%. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in the near future.
In value terms, exports of vegetable oils; linseed oil and its fractions, crude, not chemically modifieds amounted to $2.5M in 2022. Overall, exports showed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 124%. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in the near future.
| Export of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Italy (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 12.1 | 141 | 1,044 | 1,563 | 405.5% |
| Japan | 156 | 221 | 265 | 308 | 25.5% |
| Slovenia | 22.6 | 15.0 | 9.6 | 255 | 124.3% |
| France | 40.3 | 55.6 | 80.4 | 37.6 | -2.3% |
| Spain | 36.4 | 4.7 | 263 | 10.6 | -33.7% |
| United Kingdom | 48.9 | 67.4 | 63.3 | N/A | 13.8% |
| Algeria | N/A | 143 | 36.7 | N/A | -74.3% |
| Others | 320 | 349 | 468 | 360 | 4.0% |
| Total | 636 | 996 | 2,230 | 2,533 | 58.5% |
Top Export Markets for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified from Italy in 2022:
- Slovenia (226.2 tons)
- China (124.1 tons)
- Japan (100.1 tons)
- France (7.8 tons)
- Spain (2.3 tons)
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