Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in the Czech Republic - 2023
Contents:
- Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in the Czech Republic (CIF) - 2023
- Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in the Czech Republic (FOB) - 2023
- Imports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in the Czech Republic
- Exports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in the Czech Republic
Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in the Czech Republic (CIF) - 2023
The average import price for liquid margarine and edible mixtures of animal or vegetable fats stood at $2,302 per ton in October 2023, shrinking by -16% against the previous month. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in June 2023 when the average import price increased by 14% month-to-month. The import price peaked at $2,741 per ton in September 2023, and then contracted sharply in the following month.
Prices varied noticeably by the country of origin: the country with the highest price was Spain ($5,339 per ton), while the price for Germany ($823 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 Spain (+11.5%), 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 the Czech Republic (FOB) - 2023
The average export price for liquid margarine and edible mixtures of animal or vegetable fats stood at $5,721 per ton in October 2023, growing by 14% against the previous month. In general, export price indicated notable growth from October 2022 to October 2023: its price increased at an average monthly rate of +2.3% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on October 2023 figures, export price for liquid margarine and edible mixtures of animal or vegetable fats increased by +121.9% against May 2023 indices. The most prominent rate of growth was recorded in September 2023 when the average export price increased by 38% against the previous month. Over the period under review, the average export prices hit record highs in October 2023.
There were significant differences in the average prices for the major external markets. In October 2023, the country with the highest price was Romania ($7,716 per ton), while the average price for exports to Slovakia ($3,903 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 Hungary (+13.1%), 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 the Czech Republic
In 2022, supplies from abroad of liquid margarine and edible mixtures of animal or vegetable fats decreased by -1.1% to 16K tons, falling for the second year in a row after two years of growth. The total import volume increased at an average annual rate of +1.9% 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 with an increase of 40%. As a result, imports reached the peak of 21K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of liquid margarine and edible mixtures of animal or vegetable fats soared to $38M in 2022. In general, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +19.6% 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 +70.9% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 38% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in years to come.
| Import of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in the Czech Republic (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 9.2 | 11.6 | 14.8 | 17.3 | 23.4% |
| Germany | 1.8 | 2.0 | 5.0 | 5.5 | 45.1% |
| Netherlands | 3.1 | 2.4 | 3.6 | 5.1 | 18.1% |
| Slovakia | 2.0 | 2.0 | 2.0 | 2.7 | 10.5% |
| Poland | 2.8 | 9.0 | 2.7 | 2.1 | -9.1% |
| Belgium | 1.0 | 1.1 | 1.5 | 2.1 | 28.1% |
| Italy | 0.3 | 0.5 | 0.8 | 0.9 | 44.2% |
| Spain | 0.7 | 0.5 | 0.6 | 0.5 | -10.6% |
| Others | 1.2 | 1.4 | 1.5 | 1.4 | 5.3% |
| Total | 22.0 | 30.4 | 32.6 | 37.6 | 19.6% |
Top Suppliers of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats to the Czech Republic in 2022:
- Sweden (7.4K tons)
- Germany (2.5K tons)
- Netherlands (2.2K tons)
- Slovakia (1.2K tons)
- Poland (1.1K tons)
- Belgium (0.9K tons)
- Italy (0.4K tons)
- Spain (0.2K tons)
Exports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in the Czech Republic
In 2022, exports of liquid margarine and edible mixtures of animal or vegetable fats from the Czech Republic fell slightly to 3.9K tons, dropping by -4.4% compared with 2021. In general, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 224% against the previous year. As a result, the exports attained the peak of 4.1K tons, and then contracted modestly in the following year.
In value terms, exports of liquid margarine and edible mixtures of animal or vegetable fats soared to $11M in 2022. Overall, exports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 330% against the previous year. Over the period under review, the exports of attained the maximum in 2022 and are likely to see gradual growth in the near future.
| Export of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in the Czech Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 1,215 | 647 | 2,938 | 3,918 | 47.7% |
| Romania | N/A | 0.6 | 2,967 | 2,103 | 5820.3% |
| Italy | 19.5 | 445 | 1,502 | 1,957 | 364.7% |
| Slovakia | 735 | 823 | 1,285 | 1,327 | 21.8% |
| Hungary | 93.2 | 22.2 | 120 | 1,082 | 126.4% |
| Poland | 159 | 79.7 | 95.1 | 80.9 | -20.2% |
| Austria | 81.5 | 60.6 | 159 | 25.6 | -32.0% |
| Others | 58.4 | 39.3 | 45.2 | 15.0 | -36.4% |
| Total | 2,361 | 2,118 | 9,111 | 10,508 | 64.5% |
Top Export Markets for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats from the Czech Republic in 2022:
- Germany (1401.1 tons)
- Romania (972.0 tons)
- Hungary (632.2 tons)
- Slovakia (558.3 tons)
- Italy (284.8 tons)
- Poland (49.1 tons)
- Austria (17.4 tons)
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