Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Spain - 2023
Contents:
- Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Spain (FOB) - 2023
- Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Spain (CIF) - 2023
- Exports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Spain
- Imports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Spain
Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Spain (FOB) - 2023
In October 2023, the average export price for liquid margarine and edible mixtures of animal or vegetable fats amounted to $2,383 per ton, stabilizing at the previous month. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in May 2023 when the average export price increased by 4.7% against the previous month. The export price peaked at $2,604 per ton in January 2023; however, from February 2023 to October 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In October 2023, the country with the highest price was the UK ($2,947 per ton), while the average price for exports to Portugal ($1,828 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 Morocco (+2.1%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Spain (CIF) - 2023
The average import price for liquid margarine and edible mixtures of animal or vegetable fats stood at $2,664 per ton in October 2023, standing approximately at the previous month. Overall, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in November 2022 when the average import price increased by 22% m-o-m. As a result, import price attained the peak level of $3,253 per ton. From December 2022 to October 2023, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was France ($3,218 per ton), while the price for Portugal ($1,919 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Portugal (+5.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Spain
In 2022, approx. 101K tons of liquid margarine and edible mixtures of animal or vegetable fats were exported from Spain; growing by 3.8% on the previous year. The total export volume increased at an average annual rate of +2.9% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of liquid margarine and edible mixtures of animal or vegetable fats soared to $249M in 2022. Over the period under review, exports posted a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 41.3 | 36.9 | 50.3 | 86.4 | 27.9% |
| United States | 14.0 | 18.4 | 18.8 | 21.6 | 15.6% |
| Portugal | 16.8 | 26.7 | 23.1 | 19.1 | 4.4% |
| Germany | 6.5 | 6.5 | 8.5 | 17.2 | 38.3% |
| Netherlands | 3.9 | 7.1 | 8.6 | 16.1 | 60.4% |
| United Arab Emirates | 0.4 | 2.8 | 6.5 | 10.8 | 200.0% |
| Saudi Arabia | 7.6 | 7.9 | 8.7 | 9.2 | 6.6% |
| Italy | 2.3 | 2.2 | 4.1 | 9.2 | 58.7% |
| United Kingdom | 3.2 | 3.5 | 3.0 | 6.9 | 29.2% |
| South Korea | 0.8 | 0.9 | 4.7 | 4.9 | 83.0% |
| Japan | 3.0 | 1.5 | 2.7 | 4.8 | 17.0% |
| Morocco | 1.2 | 3.4 | 2.9 | 4.7 | 57.6% |
| Switzerland | 3.8 | 2.6 | 2.0 | 0.8 | -40.5% |
| Others | 20.4 | 20.2 | 29.8 | 37.1 | 22.1% |
| Total | 125 | 141 | 174 | 249 | 25.8% |
Top Export Markets for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats from Spain in 2022:
- France (35.6K tons)
- Portugal (9.2K tons)
- United States (8.1K tons)
- Germany (6.4K tons)
- Netherlands (6.1K tons)
- Saudi Arabia (4.3K tons)
- United Arab Emirates (4.1K tons)
- Italy (3.7K tons)
- United Kingdom (2.8K tons)
- Morocco (2.2K tons)
- South Korea (2.0K tons)
- Japan (1.9K tons)
- Switzerland (0.4K tons)
Imports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Spain
In 2022, imports of liquid margarine and edible mixtures of animal or vegetable fats into Spain dropped to 31K tons, leveling off at the previous year. In general, imports saw a abrupt downturn.
In value terms, imports of liquid margarine and edible mixtures of animal or vegetable fats skyrocketed to $81M in 2022. The total import value increased at an average annual rate of +8.2% 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 Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 20.6 | 17.0 | 24.4 | 33.1 | 17.1% |
| Netherlands | 10.5 | 19.3 | 16.4 | 17.0 | 17.4% |
| France | 8.9 | 5.8 | 7.5 | 8.1 | -3.1% |
| Germany | 4.3 | 4.1 | 5.6 | 6.3 | 13.6% |
| Italy | 2.8 | 3.7 | 4.9 | 5.3 | 23.7% |
| United States | 7.6 | 2.7 | 2.0 | 3.2 | -25.0% |
| Portugal | 5.3 | 4.6 | 2.3 | 2.3 | -24.3% |
| Sweden | 1.6 | 1.7 | 1.8 | 2.3 | 12.9% |
| Others | 2.2 | 4.4 | 2.5 | 3.2 | 13.3% |
| Total | 63.9 | 63.2 | 67.5 | 80.8 | 8.1% |
Top Suppliers of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats to Spain in 2022:
- Belgium (17.0K tons)
- Netherlands (4.0K tons)
- France (2.9K tons)
- Italy (2.0K tons)
- Germany (2.0K tons)
- Portugal (1.6K tons)
- Sweden (0.7K tons)
- United States (0.1K tons)
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