Price for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Sweden - 2023
Contents:
- Price for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Sweden (CIF) - 2023
- Price for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Sweden (FOB) - 2022
- Imports of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Sweden
- Exports of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Sweden
Price for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Sweden (CIF) - 2023
The average import price for vegetable oils; linseed oil and its fractions, crude, not chemically modifieds stood at $1,877 per ton in September 2023, dropping by -2.6% against the previous month. Over the period under review, the import price showed a deep setback. The pace of growth appeared the most rapid in December 2022 when the average import price increased by 18% month-to-month. Over the period under review, average import prices reached the peak figure at $7,016 per ton in September 2022; however, from October 2022 to September 2023, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In September 2023, the country with the highest price was Germany ($1,867 per ton), while the price for Belgium amounted to $1,720 per ton.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Belgium (+1.5%).
Price for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Sweden (FOB) - 2022
The average export price for vegetable oils; linseed oil and its fractions, crude, not chemically modifieds stood at $4,084 per ton in 2022, dropping by -20.5% against the previous year. In general, the export price saw a perceptible decline. The growth pace was the most rapid in 2016 when the average export price increased by 24% against the previous year. Over the period under review, the average export prices reached the peak figure at $7,664 per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Norway ($5,181 per ton), while the average price for exports to Switzerland ($2,163 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+41.6%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Sweden
In 2022, supplies from abroad of vegetable oils; linseed oil and its fractions, crude, not chemically modifieds decreased by -38% to 335 tons for the first time since 2018, thus ending a three-year rising trend. In general, total imports indicated a moderate expansion from 2019 to 2022: its volume increased at an average annual rate of +2.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 51%.
In value terms, imports of vegetable oils; linseed oil and its fractions, crude, not chemically modifieds shrank to $720K in 2022. Overall, imports, however, showed significant growth. The growth pace was the most rapid in 2020 with an increase of 79% against the previous year.
| Import of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Sweden (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 156 | 19.5 | 225 | 544 | 51.6% |
| Belgium | 89.4 | 528 | 542 | 135 | 14.7% |
| Norway | 13.5 | 22.1 | 16.9 | 34.1 | 36.2% |
| Others | 100 | 74.8 | 61.2 | 7.2 | -58.4% |
| Total | 359 | 645 | 845 | 720 | 26.1% |
Top Suppliers of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified to Sweden in 2022:
- Germany (227.1 tons)
- Belgium (91.0 tons)
- Norway (13.3 tons)
Exports of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Sweden
Exports of vegetable oils; linseed oil and its fractions, crude, not chemically modifieds from Sweden surged to 27 tons in 2022, rising by 17% compared with the previous year's figure. Overall, total exports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +12.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +43.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 23% against the previous year. The exports peaked in 2022 and are likely to continue growth in years to come.
In value terms, exports of vegetable oils; linseed oil and its fractions, crude, not chemically modifieds reduced to $110K in 2022. The total export value increased at an average annual rate of +5.2% from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 21%.
| Export of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Sweden (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Norway | 38.1 | 90.0 | 68.0 | 51.8 | 10.8% |
| United States | N/A | N/A | 9.9 | 47.8 | 382.8% |
| Switzerland | 1.8 | 1.9 | 1.9 | 4.3 | 33.7% |
| Czech Republic | 3.2 | N/A | 1.8 | 2.2 | -11.7% |
| United Kingdom | 3.7 | 3.9 | 2.8 | 1.7 | -22.8% |
| Denmark | 35.5 | 11.1 | 27.1 | 1.3 | -66.8% |
| Finland | 3.6 | 3.4 | 2.2 | 0.4 | -51.9% |
| Spain | 4.5 | N/A | N/A | N/A | 0% |
| Others | 3.9 | 4.2 | 4.4 | 0.2 | -62.8% |
| Total | 94.3 | 115 | 118 | 110 | 5.3% |
Top Export Markets for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified from Sweden in 2022:
- United States (13.0 tons)
- Norway (10.0 tons)
- Switzerland (2.0 tons)
- Czech Republic (1.0 tons)
- United Kingdom (0.4 tons)
- Denmark (0.3 tons)
- Finland (0.1 tons)
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