Price for Fats and Oils and Their Fractions; of Marine Mammals in Italy - 2022
Contents:
- Price for Fats and Oils and Their Fractions; of Marine Mammals in Italy (FOB) - 2022
- Price for Fats and Oils and Their Fractions; of Marine Mammals in Italy (CIF) - 2022
- Exports of Fats and Oils and Their Fractions; of Marine Mammals in Italy
- Imports of Fats and Oils and Their Fractions; of Marine Mammals in Italy
Price for Fats and Oils and Their Fractions; of Marine Mammals in Italy (FOB) - 2022
The average export price for fats and oils and their fractions; of marine mammalses stood at $16,750 per ton in October 2021, increasing by 25% against the previous month. In general, the export price enjoyed a measured increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for France.
From January 2021 to October 2021, the rate of growth in terms of prices for France amounted to +2.5% per month.
Price for Fats and Oils and Their Fractions; of Marine Mammals in Italy (CIF) - 2022
In 2022, the average import price for fats and oils and their fractions; of marine mammalses amounted to $3,523 per ton, declining by -10.8% against the previous year. In general, the import price, however, posted a prominent expansion. The most prominent rate of growth was recorded in 2019 when the average import price increased by 65%. The import price peaked at $4,475 per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($5,606 per ton), while the price for Denmark amounted to $1,908 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+21.7%).
Exports of Fats and Oils and Their Fractions; of Marine Mammals in Italy
After three years of growth, overseas shipments of fats and oils and their fractions; of marine mammalses decreased by -49.7% to 18 tons in 2022. Overall, exports, however, recorded a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 18,640% against the previous year. As a result, the exports reached the peak of 36 tons, and then shrank markedly in the following year.
In value terms, exports of fats and oils and their fractions; of marine mammalses declined remarkably to $241K in 2022. Over the period under review, exports, however, continue to indicate a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 20,466% against the previous year. As a result, the exports reached the peak of $480K, and then shrank remarkably in the following year.
| Export of Fats and Oils and Their Fractions; of Marine Mammals in Italy (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 0.5 | 0.6 | 480 | 241 | 684.1% |
| Others | 1.2 | 1.8 | 0.5 | 0.3 | -37.0% |
| Total | 1.7 | 2.3 | 480 | 241 | 421.4% |
Top Export Markets for Fats and Oils and Their Fractions; of Marine Mammals from Italy in 2022:
- France (18.0 tons)
Imports of Fats and Oils and Their Fractions; of Marine Mammals in Italy
In 2022, purchases abroad of fats and oils and their fractions; of marine mammalses increased by 273% to 42 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, continue to indicate a deep slump.
In value terms, imports of fats and oils and their fractions; of marine mammalses surged to $148K in 2022. In general, imports, however, recorded a deep slump.
| Import of Fats and Oils and Their Fractions; of Marine Mammals in Italy (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 93.0 | 166 | 35.1 | 103 | 3.5% |
| Denmark | 107 | 74.3 | 9.2 | 45.0 | -25.1% |
| Others | 2.0 | 10.2 | 0.1 | N/A | -77.6% |
| Total | 202 | 251 | 44.3 | 148 | -9.8% |
Top Suppliers of Fats and Oils and Their Fractions; of Marine Mammals to Italy in 2022:
- Denmark (23.6 tons)
- United Kingdom (18.3 tons)
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