Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Belgium - 2023
Contents:
- Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Belgium (FOB) - 2023
- Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Belgium (CIF) - 2023
- Exports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Belgium
- Imports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Belgium
Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Belgium (FOB) - 2023
The average export price for liquid margarine and edible mixtures of animal or vegetable fats stood at $2,454 per ton in October 2023, increasing by 1.7% against the previous month. In general, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in September 2023 an increase of 13% month-to-month. Over the period under review, the average export prices reached the maximum at $2,535 per ton in June 2023; afterwards, it flattened through to October 2023.
Prices varied noticeably by the country of destination: the country with the highest price was Senegal ($3,485 per ton), while the average price for exports to Serbia ($2,048 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Senegal (+1.9%), 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 Belgium (CIF) - 2023
In October 2023, the average import price for liquid margarine and edible mixtures of animal or vegetable fats amounted to $1,775 per ton, shrinking by -35.2% against the previous month. Over the period under review, the import price recorded a perceptible contraction. The pace of growth was the most pronounced in September 2023 an increase of 18% month-to-month. As a result, import price reached the peak level of $2,739 per ton, and then dropped significantly in the following month.
Average prices varied noticeably amongst the major supplying countries. In October 2023, the country with the highest price was Turkey ($1,806 per ton), while the price for the UK totaled $1,772 per ton.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Spain (+3.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Belgium
Exports of liquid margarine and edible mixtures of animal or vegetable fats from Belgium expanded slightly to 327K tons in 2022, growing by 3.6% compared with the previous year's figure. In general, exports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 12% against the previous year.
In value terms, exports of liquid margarine and edible mixtures of animal or vegetable fats skyrocketed to $700M in 2022. Overall, total exports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +15.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +75.4% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 38%. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in the immediate term.
| Export of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 127 | 104 | 164 | 241 | 23.8% |
| Netherlands | 89.0 | 89.4 | 109 | 115 | 8.9% |
| Germany | 49.3 | 45.9 | 68.9 | 83.2 | 19.1% |
| Ireland | 52.6 | 53.6 | 62.8 | 76.4 | 13.2% |
| Spain | 25.3 | 18.9 | 30.7 | 37.8 | 14.3% |
| United Kingdom | 32.3 | 19.0 | 15.9 | 24.9 | -8.3% |
| Poland | 10.3 | 7.1 | 14.0 | 20.1 | 25.0% |
| Italy | 15.8 | 11.7 | 16.2 | 18.8 | 6.0% |
| Others | 51.1 | 49.8 | 68.1 | 82.8 | 17.5% |
| Total | 453 | 399 | 550 | 700 | 15.6% |
Top Export Markets for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats from Belgium in 2022:
- France (117.1K tons)
- Netherlands (56.6K tons)
- Germany (39.7K tons)
- Ireland (35.8K tons)
- Spain (18.6K tons)
- United Kingdom (11.4K tons)
- Poland (7.7K tons)
- Italy (6.1K tons)
Imports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Belgium
In 2022, the amount of liquid margarine and edible mixtures of animal or vegetable fats imported into Belgium plummeted to 35K tons, which is down by -15.5% compared with the previous year's figure. In general, imports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2021 with an increase of 80% against the previous year.
In value terms, imports of liquid margarine and edible mixtures of animal or vegetable fats surged to $86M in 2022. Over the period under review, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +7.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +92.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 49%. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 32.1 | 22.5 | 36.6 | 44.5 | 11.5% |
| Germany | 16.7 | 11.7 | 16.3 | 20.0 | 6.2% |
| Italy | 0.3 | 0.7 | 3.6 | 6.5 | 178.8% |
| France | 2.3 | 5.0 | 4.2 | 5.8 | 36.1% |
| Sweden | 4.2 | 1.3 | 2.6 | 2.8 | -12.6% |
| Spain | 0.8 | 0.8 | 1.5 | 2.8 | 51.8% |
| Portugal | 1.7 | 0.2 | 0.2 | 0.9 | -19.1% |
| United Kingdom | 7.1 | 1.6 | 0.9 | 0.9 | -49.8% |
| Others | 3.4 | 0.9 | 0.6 | 1.5 | -23.9% |
| Total | 68.7 | 44.6 | 66.4 | 85.7 | 7.6% |
Top Suppliers of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats to Belgium in 2022:
- Netherlands (18.3K tons)
- Germany (10.2K tons)
- France (2.0K tons)
- Spain (1.1K tons)
- Italy (0.9K tons)
- Portugal (0.8K tons)
- Sweden (0.8K tons)
- United Kingdom (0.3K tons)
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