Price for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in the Netherlands - 2023

Contents:

  1. Price for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in the Netherlands (CIF) - 2023
  2. Price for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in the Netherlands (FOB) - 2023
  3. Imports of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in the Netherlands
  4. Exports of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in the Netherlands

Price for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in the Netherlands (CIF) - 2023

The average import price for fats and oils and their fractions; of fish, (excluding liver-oils)s stood at $7,390 per ton in September 2023, increasing by 22% against the previous month. In general, import price indicated a remarkable increase from December 2022 to September 2023: its price increased at an average monthly rate of +7.0% over the last nine-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2023 figures, import price for fats and oils and their fractions; of fish, (excluding liver-oils)s increased by +62.0% against June 2023 indices. The pace of growth appeared the most rapid in April 2023 an increase of 89% against the previous month. Over the period under review, average import prices attained the maximum in September 2023.

There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Switzerland ($27,564 per ton), while the price for Norway ($2,696 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 Switzerland (+14.8%), 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 the Netherlands (FOB) - 2023

In September 2023, the average export price for fats and oils and their fractions; of fish, (excluding liver-oils)s amounted to $6,607 per ton, falling by -12.9% against the previous month. Over the period under review, export price indicated noticeable growth from December 2022 to September 2023: its price increased at an average monthly rate of +4.6% over the last nine-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2023 figures, export price for fats and oils and their fractions; of fish, (excluding liver-oils)s decreased by -12.9% against August 2023 indices. The most prominent rate of growth was recorded in April 2023 an increase of 20% month-to-month. Over the period under review, the average export prices hit record highs at $7,583 per ton in August 2023, and then contracted in the following month.

Average prices varied noticeably for the major foreign markets. In September 2023, the country with the highest price was the UK ($6,074 per ton), while the average price for exports to Norway amounted to $5,864 per ton.

From December 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+9.9%), 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 the Netherlands

In 2022, overseas purchases of fats and oils and their fractions; of fish, (excluding liver-oils)s decreased by -37.8% to 24K tons for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 49%. As a result, imports reached the peak of 39K tons, and then contracted notably in the following year.

In value terms, imports of fats and oils and their fractions; of fish, (excluding liver-oils)s dropped notably to $82M in 2022. Over the period under review, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +14.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 53% against the previous year.

Import of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in the Netherlands (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
France15.521.322.119.88.5%
PeruN/AN/A29.612.6-57.4%
Norway3.46.210.09.942.8%
CanadaN/A8.68.48.70.6%
Spain3.53.44.38.433.9%
Japan7.89.68.84.9-14.4%
Morocco5.317.46.42.7-20.1%
Belgium2.02.11.72.710.5%
Germany0.90.81.22.132.6%
Denmark3.11.93.01.2-27.1%
United Kingdom3.82.72.71.1-33.8%
Ukraine2.3N/AN/AN/A0%
Others6.89.28.67.53.3%
Total54.383.110781.714.6%

Top Suppliers of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) to the Netherlands in 2022:

  1. Norway (7.6K tons)
  2. France (4.6K tons)
  3. Peru (3.4K tons)
  4. Spain (2.2K tons)
  5. Morocco (1.0K tons)
  6. Belgium (1.0K tons)
  7. Canada (0.7K tons)
  8. Denmark (0.6K tons)
  9. United Kingdom (0.6K tons)
  10. Germany (0.5K tons)
  11. Japan (0.4K tons)

Exports of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in the Netherlands

After three years of growth, shipments abroad of fats and oils and their fractions; of fish, (excluding liver-oils)s decreased by -41% to 16K tons in 2022. In general, exports, however, continue to indicate buoyant growth. The pace of growth was the most pronounced in 2020 with an increase of 64%.

In value terms, exports of fats and oils and their fractions; of fish, (excluding liver-oils)s contracted sharply to $55M in 2022. Over the period under review, exports, however, enjoyed a prominent expansion. The pace of growth was the most pronounced in 2020 with an increase of 85% against the previous year.

Export of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in the Netherlands (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Belgium6.76.38.19.512.3%
Germany6.07.15.68.713.2%
Norway1.40.85.26.869.4%
United Kingdom1.93.310.45.542.5%
France8.210.510.95.2-14.1%
Poland3.13.22.53.0-1.1%
Czech Republic0.51.52.32.366.3%
Ireland1.43.31.31.910.7%
Italy2.42.61.21.8-9.1%
Austria1.61.31.81.5-2.1%
Spain0.61.31.61.535.7%
PeruN/A19.615.6N/A-20.4%
IcelandN/A4.48.0N/A81.8%
Others5.77.816.17.38.6%
Total39.573.090.654.811.5%

Top Export Markets for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) from the Netherlands in 2022:

  1. Belgium (4.0K tons)
  2. Germany (2.6K tons)
  3. Norway (2.1K tons)
  4. United Kingdom (1.7K tons)
  5. France (1.4K tons)
  6. Italy (0.9K tons)
  7. Czech Republic (0.7K tons)
  8. Poland (0.7K tons)
  9. Austria (0.4K tons)
  10. Spain (0.4K tons)
  11. Ireland (0.3K tons)

Source: IndexBox Market Intelligence Platform

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