Price for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in India - 2023
Contents:
- Price for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in India (FOB) - 2023
- Price for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in India (CIF) - 2023
- Exports of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in India
- Imports of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in India
Price for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in India (FOB) - 2023
The average export price for fats and oils and their fractions; of fish, (excluding liver-oils)s stood at $3,675 per ton in July 2023, declining by -10.4% against the previous month. Over the period under review, export price indicated a tangible expansion from November 2022 to July 2023: its price increased at an average monthly rate of +4.3% over the last eight months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on July 2023 figures, export price for fats and oils and their fractions; of fish, (excluding liver-oils)s decreased by -10.4% against June 2023 indices. The most prominent rate of growth was recorded in May 2023 when the average export price increased by 21% m-o-m. Over the period under review, the average export prices attained the peak figure at $4,100 per ton in June 2023, and then declined in the following month.
Prices varied noticeably by the country of destination: the country with the highest price was Ecuador ($4,843 per ton), while the average price for exports to Oman ($2,936 per ton) was amongst the lowest.
From November 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Ecuador (+8.5%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in India (CIF) - 2023
The average import price for fats and oils and their fractions; of fish, (excluding liver-oils)s stood at $4,247 per ton in July 2023, waning by -81.4% against the previous month. Overall, the import price showed a abrupt decline. The pace of growth appeared the most rapid in January 2023 when the average import price increased by 162% m-o-m. The import price peaked at $22,864 per ton in June 2023, and then fell markedly in the following month.
Prices varied noticeably by the country of origin: the country with the highest price was China ($38,611 per ton), while the price for Turkey ($2,887 per ton) was amongst the lowest.
From November 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Chile (+15.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in India
In 2022, overseas shipments of fats and oils and their fractions; of fish, (excluding liver-oils)s were finally on the rise to reach 54K tons after two years of decline. In general, exports posted significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of fats and oils and their fractions; of fish, (excluding liver-oils)s skyrocketed to $75M in 2022. Over the period under review, exports posted a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Chile | 0.6 | 0.2 | N/A | 27.7 | 258.7% |
| Turkey | N/A | N/A | N/A | 11.6 | 0% |
| Australia | 0.9 | 0.2 | 1.1 | 9.1 | 116.2% |
| Ecuador | N/A | N/A | N/A | 7.5 | 0% |
| Oman | N/A | 0.1 | N/A | 4.6 | 578.2% |
| Belgium | N/A | N/A | N/A | 4.5 | 0% |
| Saudi Arabia | 1.4 | 0.3 | N/A | 3.2 | 31.7% |
| Canada | N/A | 0.5 | N/A | 2.7 | 132.4% |
| Others | 0.4 | 0.4 | 0.9 | 4.6 | 125.7% |
| Total | 3.2 | 1.7 | 2.0 | 75.4 | 186.7% |
Top Export Markets for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) from India in 2022:
- Chile (36.2K tons)
- Turkey (4.0K tons)
- Australia (3.4K tons)
- Ecuador (2.8K tons)
- Oman (1.9K tons)
- Belgium (1.5K tons)
- Saudi Arabia (1.3K tons)
- Canada (1.2K tons)
Imports of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in India
In 2022, supplies from abroad of fats and oils and their fractions; of fish, (excluding liver-oils)s decreased by -24.8% to 1.6K tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, continue to indicate a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 159% against the previous year. As a result, imports attained the peak of 2.1K tons, and then fell rapidly in the following year.
In value terms, imports of fats and oils and their fractions; of fish, (excluding liver-oils)s dropped slightly to $12M in 2022. Over the period under review, imports recorded a mild curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by 33%.
| Import of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 11.2 | 8.3 | 8.7 | 7.0 | -14.5% |
| Japan | N/A | N/A | 0.2 | 1.8 | 800.0% |
| United States | N/A | N/A | 0.1 | 1.0 | 900.0% |
| Chile | 1.1 | 0.8 | 1.2 | 0.8 | -10.1% |
| Norway | 0.2 | N/A | 0.5 | 0.6 | 44.2% |
| Oman | N/A | 0.2 | 1.5 | 0.5 | 58.1% |
| Iceland | 0.2 | 0.1 | 0.4 | 0.2 | 0.0% |
| Others | 0.2 | 0.1 | 0.1 | 0.4 | 26.0% |
| Total | 13.0 | 9.5 | 12.7 | 12.4 | -1.6% |
Top Suppliers of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) to India in 2022:
- Japan (709.5 tons)
- Oman (327.1 tons)
- China (286.7 tons)
- Chile (121.5 tons)
- Norway (39.0 tons)
- Iceland (33.8 tons)
- United States (27.6 tons)
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This report provides an in-depth analysis of the market for fish fat and oil in India.
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This report provides an in-depth analysis of the global market for fish fat and oil.
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This report provides an in-depth analysis of the market for fish fat and oil in India.
741
This report provides an in-depth analysis of the global market for fish fat and oil.
589
Over the past decade, global production of fish fat and oil rose from 3.7M tons to 11.3M tons. In value terms, production expanded significantly from $6.5B to $16.7B estimated in export prices.
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Over the past decade, global production of fish fat and oil rose from 3.7M tons to 11.3M tons. In value terms, production expanded significantly from $6.5B to $16.7B estimated in export prices.
