Price for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in China - 2023
Contents:
- Price for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in China (CIF) - 2023
- Price for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in China (FOB) - 2022
- Imports of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in China
- Exports of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in China
Price for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in China (CIF) - 2023
In December 2023, the average import price for vegetable oils; linseed oil and its fractions, crude, not chemically modifieds amounted to $1,445 per ton, surging by 53% against the previous month. Over the period under review, import price indicated a slight expansion from December 2022 to December 2023: its price increased at an average monthly rate of +1.7% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2023 figures, import price for vegetable oils; linseed oil and its fractions, crude, not chemically modifieds increased by +69.1% against August 2023 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by the country of origin: the country with the highest price was Italy ($12,905 per ton), while the price for Russia ($831 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Italy (+0.8%), while the prices for the other major suppliers experienced a decline.
Price for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in China (FOB) - 2022
China has no trade partners to describe.
Imports of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in China
In 2022, purchases abroad of vegetable oils; linseed oil and its fractions, crude, not chemically modifieds decreased by -38.3% to 26K tons, falling for the second consecutive year after two years of growth. In general, imports saw a deep downturn. The most prominent rate of growth was recorded in 2020 with an increase of 9.5%. As a result, imports reached the peak of 53K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of vegetable oils; linseed oil and its fractions, crude, not chemically modifieds shrank sharply to $43M in 2022. Over the period under review, total imports indicated a mild increase from 2019 to 2022: its value increased at an average annual rate of +1.1% 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 24%.
| Import of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 8.6 | 18.6 | 26.0 | 23.9 | 40.6% |
| Kazakhstan | 23.0 | 23.2 | 27.2 | 14.2 | -14.8% |
| Belgium | 3.8 | 3.0 | 2.1 | 1.5 | -26.6% |
| Turkey | 2.1 | N/A | 0.4 | N/A | -56.4% |
| Others | 3.8 | 6.4 | 6.0 | 2.9 | -8.6% |
| Total | 41.2 | 51.2 | 61.7 | 42.5 | 1.0% |
Top Suppliers of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified to China in 2022:
- Russia (15.0K tons)
- Kazakhstan (10.5K tons)
- Belgium (0.7K tons)
Exports of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in China
Exports of vegetable oils; linseed oil and its fractions, crude, not chemically modifieds from China dropped rapidly to 54 tons in 2022, with a decrease of -38.2% compared with the year before. In general, exports, however, enjoyed significant growth. The pace of growth was the most pronounced in 2021 with an increase of 324% against the previous year. As a result, the exports attained the peak of 87 tons, and then plummeted in the following year.
In value terms, exports of vegetable oils; linseed oil and its fractions, crude, not chemically modifieds declined significantly to $123K in 2022. Over the period under review, exports, however, showed significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 344% against the previous year. As a result, the exports reached the peak of $200K, and then reduced markedly in the following year.
| Export of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in China (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Democratic People's Republic of Korea | 45.4 | N/A | N/A | N/A | 0% |
| France | 7.5 | 3.8 | N/A | N/A | -49.3% |
| Others | N/A | 41.3 | 200 | 123 | 72.6% |
| Total | 52.9 | 45.1 | 200 | 123 | 32.5% |
Top Export Markets for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified from China in 2022:
692
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4030
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339
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2219
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3385
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1518
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1449
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1733
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1413
The U.S. dominates in the global maize oil trade. In 2014, the U.S. exported X thousand tons of maize oil totaling X million USD, X% under the previous year. Its primary trading partner was Saudi Arabia, where it supplied X% of its total maize
1626
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