Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Luxembourg - 2023
Contents:
- Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Luxembourg (CIF) - 2023
- Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Luxembourg (FOB) - 2022
- Imports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Luxembourg
- Exports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Luxembourg
Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Luxembourg (CIF) - 2023
The average import price for liquid margarine and edible mixtures of animal or vegetable fats stood at $2,475 per ton in August 2023, reducing by -2.7% against the previous month. In general, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in January 2023 an increase of 18% m-o-m. As a result, import price reached the peak level of $2,772 per ton. From February 2023 to August 2023, the average import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($4,671 per ton), while the price for Belgium ($2,320 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Germany (+4.6%), while the prices for the other major suppliers experienced a decline.
Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Luxembourg (FOB) - 2022
The average export price for liquid margarine and edible mixtures of animal or vegetable fats stood at $3,444 per ton in 2022, picking up by 2.6% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of 123%. As a result, the export price reached the peak level of $5,382 per ton. From 2021 to 2022, the average export prices remained at a somewhat lower figure.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Belgium ($3,513 per ton), while the average price for exports to France stood at $3,420 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+3.1%).
Imports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Luxembourg
In 2022, imports of liquid margarine and edible mixtures of animal or vegetable fats into Luxembourg soared to 2.1K tons, increasing by 35% compared with the previous year. The total import volume increased at an average annual rate of +12.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of liquid margarine and edible mixtures of animal or vegetable fats skyrocketed to $4.9M in 2022. Over the period under review, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +15.9% 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 +55.7% against 2019 indices. As a result, imports reached 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 Luxembourg (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 2,290 | 2,882 | 2,951 | 3,973 | 20.2% |
| Germany | 186 | 293 | 294 | 505 | 39.5% |
| France | 361 | 130 | 121 | 278 | -8.3% |
| Netherlands | 200 | 42.8 | 97.6 | 100 | -20.6% |
| Others | 91.6 | 56.9 | 45.5 | 14.8 | -45.5% |
| Total | 3,128 | 3,404 | 3,509 | 4,870 | 15.9% |
Top Suppliers of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats to Luxembourg in 2022:
- Belgium (1761.0 tons)
- Germany (170.3 tons)
- France (84.3 tons)
- Netherlands (48.4 tons)
Exports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Luxembourg
Exports of liquid margarine and edible mixtures of animal or vegetable fats from Luxembourg was estimated at 66 tons in 2022, almost unchanged from the previous year. Overall, exports, however, saw a deep setback. The most prominent rate of growth was recorded in 2020 with an increase of 3.8% against the previous year. As a result, the exports reached the peak of 104 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of liquid margarine and edible mixtures of animal or vegetable fats reached $229K in 2022. Over the period under review, exports, however, showed a mild slump. The most prominent rate of growth was recorded in 2020 with an increase of 131% against the previous year. As a result, the exports reached the peak of $558K. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Luxembourg (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 35.5 | 68.7 | 30.4 | 189 | 74.6% |
| Belgium | 202 | 200 | 190 | 37.9 | -42.8% |
| Germany | 2.6 | 250 | 0.5 | 1.6 | -14.9% |
| Others | 0.9 | 39.1 | 1.2 | 0.1 | -51.9% |
| Total | 241 | 558 | 223 | 229 | -1.7% |
Top Export Markets for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats from Luxembourg in 2022:
- France (55.3 tons)
- Belgium (10.8 tons)
- Germany (0.3 tons)
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