Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Portugal - 2023
Contents:
- Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Portugal (CIF) - 2023
- Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Portugal (FOB) - 2023
- Imports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Portugal
- Exports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Portugal
Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Portugal (CIF) - 2023
In October 2023, the average import price for liquid margarine and edible mixtures of animal or vegetable fats amounted to $2,152 per ton, which is down by -14.5% against the previous month. In general, the import price, however, recorded modest growth. The pace of growth appeared the most rapid in July 2023 an increase of 17% m-o-m. As a result, import price reached the peak level of $2,721 per ton. From August 2023 to October 2023, the average import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In October 2023, the highest price was recorded for prices from Germany ($2,560 per ton) and the Netherlands ($2,479 per ton), while the price for Poland ($1,847 per ton) and Spain ($1,997 per ton) were amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Belgium (+2.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Portugal (FOB) - 2023
The average export price for liquid margarine and edible mixtures of animal or vegetable fats stood at $2,517 per ton in October 2023, rising by 23% against the previous month. In general, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in January 2023 when the average export price increased by 26% month-to-month. As a result, the export price reached the peak level of $2,831 per ton. From February 2023 to October 2023, the the average export prices remained at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Germany ($5,225 per ton), while the average price for exports to Cabo Verde ($1,599 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 the Netherlands (+7.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Portugal
In 2022, after two years of decline, there was significant growth in supplies from abroad of liquid margarine and edible mixtures of animal or vegetable fats, when their volume increased by 5% to 21K tons. Over the period under review, imports, however, saw a abrupt contraction.
In value terms, imports of liquid margarine and edible mixtures of animal or vegetable fats soared to $40M in 2022. The total import value increased at an average annual rate of +2.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained 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 Portugal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 27.6 | 20.4 | 24.6 | 21.4 | -8.1% |
| Netherlands | 1.6 | 2.1 | 1.6 | 11.2 | 91.3% |
| Germany | 1.5 | 0.9 | 0.4 | 3.7 | 35.1% |
| Belgium | 2.0 | 1.8 | 3.2 | 1.8 | -3.5% |
| Italy | 1.1 | 2.4 | 1.5 | 1.0 | -3.1% |
| Others | 3.3 | 2.3 | 3.2 | 1.0 | -32.8% |
| Total | 37.0 | 29.8 | 34.5 | 40.2 | 2.8% |
Top Suppliers of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats to Portugal in 2022:
- Spain (12.2K tons)
- Netherlands (5.0K tons)
- Germany (1.8K tons)
- Belgium (1.1K tons)
- Italy (0.4K tons)
Exports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Portugal
In 2022, overseas shipments of liquid margarine and edible mixtures of animal or vegetable fats decreased by -27.3% to 11K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 23% against the previous year.
In value terms, exports of liquid margarine and edible mixtures of animal or vegetable fats shrank slightly to $24M in 2022. Overall, total exports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +15.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +54.9% against 2019 indices. The pace of growth appeared the most rapid in 2020 when exports increased by 30%.
| Export of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Portugal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 2.2 | 3.7 | 12.9 | 6.1 | 40.5% |
| Angola | 3.3 | 3.9 | 3.5 | 5.8 | 20.7% |
| Cabo Verde | 0.1 | 0.1 | 0.8 | 2.3 | 184.4% |
| Mozambique | 1.4 | 1.2 | 1.8 | 2.2 | 16.3% |
| Poland | 1.5 | 1.6 | 1.6 | 2.1 | 11.9% |
| France | 0.5 | 2.1 | 0.7 | 1.7 | 50.4% |
| Germany | 2.9 | 3.1 | 0.6 | 0.7 | -37.7% |
| Brazil | 1.2 | 0.8 | 0.7 | 0.5 | -25.3% |
| Equatorial Guinea | N/A | N/A | 0.2 | 0.5 | 150.0% |
| South Africa | 1.1 | 0.1 | 0.1 | 0.1 | -55.0% |
| Others | 1.6 | 3.7 | 2.2 | 2.4 | 14.5% |
| Total | 15.8 | 20.5 | 25.1 | 24.5 | 15.7% |
Top Export Markets for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats from Portugal in 2022:
- Spain (2915.3 tons)
- Angola (2764.7 tons)
- Cabo Verde (1078.6 tons)
- Mozambique (922.2 tons)
- France (646.2 tons)
- Poland (621.2 tons)
- Equatorial Guinea (272.6 tons)
- Brazil (164.8 tons)
- Germany (154.2 tons)
- South Africa (23.1 tons)
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