Price for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Ireland - 2023
Contents:
- Price for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Ireland (FOB) - 2023
- Price for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Ireland (CIF) - 2023
- Exports of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Ireland
- Imports of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Ireland
Price for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Ireland (FOB) - 2023
The average export price for fats and oils and their fractions; of fish, (excluding liver-oils)s stood at $3,530 per ton in September 2023, growing by 13% against the previous month. In general, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 an increase of 31% m-o-m. Over the period under review, the average export prices attained the maximum at $4,621 per ton in June 2023; however, from July 2023 to September 2023, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for the UK.
From December 2022 to September 2023, the rate of growth in terms of prices for Germany amounted to +7.3% per month.
Price for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Ireland (CIF) - 2023
The average import price for fats and oils and their fractions; of fish, (excluding liver-oils)s stood at $19,875 per ton in September 2023, dropping by -28.6% against the previous month. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in June 2023 when the average import price increased by 651% month-to-month. As a result, import price attained the peak level of $37,505 per ton. From July 2023 to September 2023, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Denmark ($76,016 per ton), while the price for the UK ($4,354 per ton) was amongst the lowest.
From December 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Belgium (+33.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Ireland
In 2022, shipments abroad of fats and oils and their fractions; of fish, (excluding liver-oils)s decreased by -38.7% to 3.1K tons for the first time since 2018, thus ending a three-year rising trend. Overall, total exports indicated noticeable growth from 2019 to 2022: its volume increased at an average annual rate of +3.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 53%. As a result, the exports reached the peak of 5.1K tons, and then declined sharply in the following year.
In value terms, exports of fats and oils and their fractions; of fish, (excluding liver-oils)s contracted to $7.8M in 2022. In general, total exports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +15.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +54.4% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 46% against the previous year. As a result, the exports reached the peak of $8.7M, and then declined in the following year.
| Export of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Ireland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 4.8 | 5.6 | 7.9 | 7.3 | 15.0% |
| France | 0.2 | 0.2 | 0.1 | 0.3 | 14.5% |
| Others | 0.1 | 0.1 | 0.7 | 0.2 | 26.0% |
| Total | 5.0 | 6.0 | 8.7 | 7.8 | 16.0% |
Top Export Markets for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) from Ireland in 2022:
- United Kingdom (2.8K tons)
- France (0.2K tons)
Imports of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Ireland
In 2022, purchases abroad of fats and oils and their fractions; of fish, (excluding liver-oils)s was finally on the rise to reach 188 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, faced a abrupt setback.
In value terms, imports of fats and oils and their fractions; of fish, (excluding liver-oils)s soared to $2.2M in 2022. Overall, imports saw a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Ireland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 314 | 188 | 676 | 584 | 23.0% |
| United Kingdom | 792 | 539 | 282 | 515 | -13.4% |
| Sweden | N/A | N/A | N/A | 499 | 0% |
| Denmark | 5.7 | 19.6 | 108 | 370 | 301.9% |
| Spain | 23.9 | 52.2 | 21.2 | 54.4 | 31.5% |
| Others | 53.6 | 112 | 221 | 153 | 41.9% |
| Total | 1,189 | 911 | 1,308 | 2,176 | 22.3% |
Top Suppliers of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) to Ireland in 2022:
- United Kingdom (115.0 tons)
- Belgium (30.1 tons)
- Sweden (21.0 tons)
- Spain (11.3 tons)
- Denmark (4.0 tons)
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This report provides an in-depth analysis of the market for fish fat and oil in Ireland.
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This report provides an in-depth analysis of the global market for fish fat and oil.
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This report provides an in-depth analysis of the market for fish fat and oil in Ireland.
748
This report provides an in-depth analysis of the global market for fish fat and oil.
603
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.
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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.
