Price for Fats and Oils and Their Fractions; of Marine Mammals in China - 2023
Contents:
- Price for Fats and Oils and Their Fractions; of Marine Mammals in China (CIF) - 2022
- Imports of Fats and Oils and Their Fractions; of Marine Mammals in China
Price for Fats and Oils and Their Fractions; of Marine Mammals in China (CIF) - 2022
In 2022, the average import price for fats and oils and their fractions; of marine mammalses amounted to $67,075 per ton, surging by 11% against the previous year. In general, the import price saw a strong expansion. The most prominent rate of growth was recorded in 2017 an increase of 91%. Over the period under review, average import prices attained the maximum at $143,143 per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for Canada.
From 2012 to 2022, the rate of growth in terms of prices for Australia amounted to +71.0% per year.
Imports of Fats and Oils and Their Fractions; of Marine Mammals in China
In 2022, overseas purchases of fats and oils and their fractions; of marine mammalses decreased by -7.7% to 398 kg, falling for the second consecutive year after two years of growth. Overall, imports continue to indicate a precipitous contraction. The most prominent rate of growth was recorded in 2020 when imports increased by 35% against the previous year. As a result, imports attained the peak of 1.2 tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of fats and oils and their fractions; of marine mammalses amounted to $27K in 2022. Over the period under review, imports showed a sharp shrinkage. The most prominent rate of growth was recorded in 2020 when imports increased by 45%. As a result, imports reached the peak of $77K. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Fats and Oils and Their Fractions; of Marine Mammals in China (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 35.1 | 77.4 | 26.1 | 26.7 | -8.7% |
| Norway | 18.3 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 53.4 | 77.4 | 26.1 | 26.7 | -20.6% |
Top Suppliers of Fats and Oils and Their Fractions; of Marine Mammals to China in 2022:
- Canada (398.0 kg)
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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.
