Price for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Norway - 2024
Contents:
- Price for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Norway (CIF) - 2022
- Price for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Norway (FOB) - 2022
- Imports of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Norway
- Exports of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Norway
Price for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Norway (CIF) - 2022
In 2022, the average import price for vegetable oils; linseed oil and its fractions, crude, not chemically modifieds amounted to $1,721 per ton, surging by 25% against the previous year. Over the period under review, the import price, however, continues to indicate a deep slump. The most prominent rate of growth was recorded in 2018 an increase of 44%. The import price peaked at $7,865 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Russia ($1,729 per ton), while the price for Lithuania ($1,674 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+0.2%).
Price for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Norway (FOB) - 2022
The average export price for vegetable oils; linseed oil and its fractions, crude, not chemically modifieds stood at $13,092 per ton in 2022, growing by 166% against the previous year. Overall, the export price, however, saw a abrupt decline. The export price peaked at $40,600 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was China ($26,238 per ton), while the average price for exports to Sweden amounted to $7,663 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+46.2%), while the prices for the other major destinations experienced a decline.
Imports of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Norway
In 2022, imports of vegetable oils; linseed oil and its fractions, crude, not chemically modifieds into Norway skyrocketed to 24K tons, increasing by 155% on 2021 figures. In general, imports posted a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of vegetable oils; linseed oil and its fractions, crude, not chemically modifieds skyrocketed to $42M in 2022. Over the period under review, imports showed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Norway (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 5.3 | 7.6 | 2.7 | 26.6 | 71.2% |
| Russia | 8.0 | 7.9 | 10.2 | 14.0 | 20.5% |
| Lithuania | N/A | N/A | N/A | 0.9 | 0% |
| Belarus | 2.8 | N/A | N/A | N/A | 0% |
| Others | 0.6 | 1.8 | 0.2 | 0.1 | -45.0% |
| Total | 16.7 | 17.4 | 13.1 | 41.6 | 35.6% |
Top Suppliers of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified to Norway in 2022:
- Belgium (15.5K tons)
- Russia (8.1K tons)
- Lithuania (0.5K tons)
Exports of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Norway
In 2022, shipments abroad of vegetable oils; linseed oil and its fractions, crude, not chemically modifieds decreased by -14.6% to 5.6 tons, falling for the second year in a row after two years of growth. Overall, exports saw a abrupt downturn. The growth pace was the most rapid in 2020 with an increase of 33%. As a result, the exports reached the peak of 9 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of vegetable oils; linseed oil and its fractions, crude, not chemically modifieds soared to $74K in 2022. Over the period under review, exports, however, showed a significant increase. The growth pace was the most rapid in 2020 when exports increased by 139%. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | N/A | 4.4 | 5.6 | 43.1 | 213.0% |
| Sweden | 12.8 | 26.3 | 26.7 | 30.5 | 33.6% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 12.8 | 30.7 | 32.4 | 73.5 | 79.1% |
Top Export Markets for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified from Norway in 2022:
- Sweden (4.0 tons)
- China (1.6 tons)
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