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

Contents:

  1. Price for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in France (CIF) - 2022
  2. Price for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in France (FOB) - 2023
  3. Imports of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in France
  4. Exports of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in France

Price for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in France (CIF) - 2022

In 2022, the average import price for fats and oils and their fractions; of fish, (excluding liver-oils)s amounted to $2,848 per ton, rising by 45% against the previous year. Over the period under review, import price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +2.8% 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 fats and oils and their fractions; of fish, (excluding liver-oils)s increased by +62.1% against 2019 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($4,142 per ton), while the price for Poland ($1,673 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Estonia (+34.1%), 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 France (FOB) - 2023

The average export price for fats and oils and their fractions; of fish, (excluding liver-oils)s stood at $5,342 per ton in September 2023, waning by -17.1% against the previous month. Over the period from December 2022 to September 2023, it increased at an average monthly rate of +2.1%. The growth pace was the most rapid in August 2023 an increase of 37% against the previous month. As a result, the export price attained the peak level of $6,441 per ton, and then dropped rapidly in the following month.

Prices varied noticeably by the country of destination: the country with the highest price was the UK ($9,607 per ton), while the average price for exports to Ukraine ($2,943 per ton) was amongst the lowest.

From December 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+9.0%), 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 France

In 2022, purchases abroad of fats and oils and their fractions; of fish, (excluding liver-oils)s decreased by -14.4% to 33K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 16%.

In value terms, imports of fats and oils and their fractions; of fish, (excluding liver-oils)s soared to $95M in 2022. In general, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +18.1% 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 +64.9% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in France (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Morocco13.915.811.229.328.2%
Netherlands7.615.210.211.314.1%
Germany1.93.53.38.665.4%
Spain5.52.36.27.711.9%
Peru4.20.918.05.912.0%
Mexico1.2N/A3.45.667.1%
South Africa0.41.81.74.4122.4%
EstoniaN/A0.22.13.8335.9%
Turkey4.85.0N/A3.0-14.5%
Mauritania5.88.46.32.8-21.6%
United Kingdom3.03.03.22.7-3.5%
Latvia2.31.82.11.9-6.2%
Poland0.10.51.01.1122.4%
Others6.911.67.96.6-1.5%
Total57.570.076.494.918.2%

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

  1. Morocco (8.7K tons)
  2. Germany (4.8K tons)
  3. Spain (3.4K tons)
  4. Netherlands (2.7K tons)
  5. Mexico (2.2K tons)
  6. Peru (2.0K tons)
  7. Estonia (1.4K tons)
  8. South Africa (1.3K tons)
  9. United Kingdom (1.2K tons)
  10. Turkey (1.0K tons)
  11. Mauritania (1.0K tons)
  12. Latvia (0.9K tons)
  13. Poland (0.6K tons)

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

In 2022, shipments abroad of fats and oils and their fractions; of fish, (excluding liver-oils)s decreased by -19% to 21K tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 18% against the previous year.

In value terms, exports of fats and oils and their fractions; of fish, (excluding liver-oils)s skyrocketed to $73M in 2022. In general, total exports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +16.3% 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 +57.2% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 19%. Over the period under review, the exports of attained the maximum in 2022 and are likely to see steady growth in years to come.

Export of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in France (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Italy6.79.111.410.114.7%
United Kingdom2.71.510.68.647.1%
Norway3.01.13.17.636.3%
Belgium1.93.84.57.255.9%
Poland4.04.55.37.020.5%
Spain4.43.52.76.715.0%
Netherlands6.84.85.66.1-3.6%
Germany2.93.72.23.45.4%
Russia2.02.33.33.318.2%
Austria1.51.72.43.228.7%
Romania2.52.02.22.61.3%
Chile0.64.60.22.663.0%
Denmark1.82.91.90.2-51.9%
Others5.87.07.34.5-8.1%
Total46.652.562.673.216.2%

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

  1. Italy (4.3K tons)
  2. Norway (2.4K tons)
  3. Belgium (2.1K tons)
  4. United Kingdom (1.9K tons)
  5. Spain (1.9K tons)
  6. Netherlands (1.8K tons)
  7. Poland (1.6K tons)
  8. Chile (1.4K tons)
  9. Austria (0.9K tons)
  10. Germany (0.7K tons)
  11. Russia (0.7K tons)
  12. Romania (0.5K tons)
  13. Denmark (0.1K tons)

Source: IndexBox Market Intelligence Platform

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