Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Thailand - 2023

Contents:

1. Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Thailand (CIF) - 2022
2. Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Thailand (FOB) - 2022
3. Imports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Thailand
4. Exports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Thailand

Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Thailand (CIF) - 2022

In 2022, the average import price for liquid margarine and edible mixtures of animal or vegetable fats amounted to $2,521 per ton, picking up by 28% against the previous year. In general, import price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of +2.3% 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 liquid margarine and edible mixtures of animal or vegetable fats increased by +78.0% against 2016 indices. The most prominent rate of growth was recorded in 2013 an increase of 29%. As a result, import price reached the peak level of $2,589 per ton. From 2014 to 2022, the average import prices failed to regain momentum.

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 Singapore ($2,726 per ton), while the price for Indonesia ($1,426 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+4.4%), 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 Thailand (FOB) - 2022

The average export price for liquid margarine and edible mixtures of animal or vegetable fats stood at $2,289 per ton in 2022, jumping by 55% against the previous year. Overall, export price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for liquid margarine and edible mixtures of animal or vegetable fats increased by +74.2% against 2018 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($3,561 per ton), while the average price for exports to Lao People's Democratic Republic ($1,748 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+26.2%), 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 Thailand

After three years of growth, overseas purchases of liquid margarine and edible mixtures of animal or vegetable fats decreased by -10.2% to 40K tons in 2022. The total import volume increased at an average annual rate of +4.9% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 when imports increased by 14% against the previous year.

In value terms, imports of liquid margarine and edible mixtures of animal or vegetable fats expanded significantly to $102M in 2022. Over the period under review, total imports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +23.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +86.4% against 2019 indices. The growth pace was the most rapid in 2021 when imports increased by 28%. Over the period under review, imports of attained the maximum in 2022 and are likely to see gradual growth in years to come.

Top Suppliers of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats to Thailand in 2022:

1. Malaysia (25.9K tons)
2. Indonesia (8.4K tons)
3. Singapore (4.8K tons)

Exports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Thailand

In 2022, shipments abroad of liquid margarine and edible mixtures of animal or vegetable fats decreased by -14.5% to 2.4K tons, falling for the second consecutive year after two years of growth. Overall, exports saw a abrupt decrease. The growth pace was the most rapid in 2020 with an increase of 28% against the previous year. As a result, the exports reached the peak of 4.3K tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of liquid margarine and edible mixtures of animal or vegetable fats soared to $5.4M in 2022. The total export value increased at an average annual rate of +5.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period.

Top Export Markets for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats from Thailand in 2022:

1. Lao People's Democratic Republic (708.4 tons)
2. Myanmar (534.7 tons)
3. Cambodia (365.3 tons)
4. Indonesia (357.4 tons)
5. New Zealand (120.2 tons)
6. Singapore (70.6 tons)
7. Malaysia (51.4 tons)
8. Taiwan (Chinese) (16.2 tons)

Source: IndexBox Market Intelligence Platform