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

Contents:

1. Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Finland (CIF) - 2023
2. Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Finland (FOB) - 2023
3. Imports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Finland
4. Exports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Finland

Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Finland (CIF) - 2023

In September 2023, the average import price for liquid margarine and edible mixtures of animal or vegetable fats amounted to $2,423 per ton, with an increase of 5.7% against the previous month. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 an increase of 41% month-to-month. As a result, import price attained the peak level of $3,526 per ton. From May 2023 to September 2023, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Sweden ($2,832 per ton), while the price for Belgium ($1,753 per ton) was amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Denmark (+3.4%), 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 Finland (FOB) - 2023

The average export price for liquid margarine and edible mixtures of animal or vegetable fats stood at $2,228 per ton in October 2023, declining by -9.2% against the previous month. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in January 2023 an increase of 9.3% month-to-month. The export price peaked at $2,629 per ton in May 2023; however, from June 2023 to October 2023, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Norway.

From October 2022 to October 2023, the rate of growth in terms of prices for Norway amounted to +1.8% per month.

Imports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Finland

In 2022, supplies from abroad of liquid margarine and edible mixtures of animal or vegetable fats decreased by -8.5% to 11K tons, falling for the second consecutive year after two years of growth. The total import volume increased at an average annual rate of +6.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 33%. As a result, imports attained the peak of 12K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of liquid margarine and edible mixtures of animal or vegetable fats surged to $25M in 2022. The total import value increased at an average annual rate of +12.1% 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.

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

1. Sweden (4.1K tons)
2. Netherlands (3.0K tons)
3. Germany (1.9K tons)
4. Denmark (0.7K tons)
5. Belgium (0.7K tons)

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

In 2022, exports of liquid margarine and edible mixtures of animal or vegetable fats from Finland surged to 2K tons, rising by 17% against the previous year's figure. The total export volume increased at an average annual rate of +5.5% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. As a result, the exports attained 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 surged to $4.3M in 2022. In general, total exports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +13.8% 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 +47.4% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

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

1. Sweden (983.6 tons)
2. Norway (553.2 tons)
3. Denmark (395.7 tons)
4. Estonia (31.8 tons)

Source: IndexBox Market Intelligence Platform