Price for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Japan - 2023
Contents:
- Price for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Japan (CIF) - 2023
- Price for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Japan (FOB) - 2022
- Imports of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Japan
- Exports of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Japan
Price for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Japan (CIF) - 2023
In November 2023, the average import price for vegetable oils; linseed oil and its fractions, crude, not chemically modifieds amounted to $2,236 per ton, picking up by 12% against the previous month. In general, the import price, however, showed a perceptible descent. The most prominent rate of growth was recorded in April 2023 an increase of 30% month-to-month. Over the period under review, average import prices reached the peak figure at $3,638 per ton in January 2023; however, from February 2023 to November 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was Canada ($3,981 per ton), while the price for Germany ($1,305 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Canada (+0.2%), while the prices for the other major suppliers experienced a decline.
Price for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Japan (FOB) - 2022
In 2022, the average export price for vegetable oils; linseed oil and its fractions, crude, not chemically modifieds amounted to $3,782 per ton, declining by -10.9% against the previous year. Overall, the export price saw a perceptible shrinkage. The most prominent rate of growth was recorded in 2020 when the average export price increased by 18% against the previous year. Over the period under review, the average export prices reached the maximum at $4,543 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Thailand.
From 2013 to 2022, the rate of growth in terms of prices for Thailand amounted to +3.4% per year.
Imports of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Japan
In 2022, approx. 6.9K tons of vegetable oils; linseed oil and its fractions, crude, not chemically modifieds were imported into Japan; increasing by 30% compared with 2021 figures. In general, total imports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +13.1% 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 +75.2% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 34%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.
In value terms, imports of vegetable oils; linseed oil and its fractions, crude, not chemically modifieds soared to $19M in 2022. Overall, imports enjoyed a significant increase. The growth pace was the most rapid in 2021 when imports increased by 73% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the near future.
| Import of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 5.7 | 4.9 | 8.3 | 9.9 | 20.2% |
| Germany | 0.4 | 0.3 | 1.7 | 6.2 | 149.3% |
| Canada | 0.4 | 0.3 | 0.8 | 1.2 | 44.2% |
| New Zealand | 1.6 | 0.8 | 1.0 | 0.8 | -20.6% |
| Others | 0.8 | 1.0 | 0.7 | 0.6 | -9.1% |
| Total | 8.9 | 7.2 | 12.5 | 18.6 | 27.9% |
Top Suppliers of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified to Japan in 2022:
- Belgium (3.8K tons)
- Germany (2.7K tons)
- Canada (0.2K tons)
- New Zealand (0.1K tons)
Exports of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Japan
In 2022, shipments abroad of vegetable oils; linseed oil and its fractions, crude, not chemically modifieds decreased by -1.7% to 14 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, total exports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +12.8% 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 +43.6% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 39%. As a result, the exports attained the peak of 15 tons, and then dropped slightly in the following year.
In value terms, exports of vegetable oils; linseed oil and its fractions, crude, not chemically modifieds reduced to $54K in 2022. In general, total exports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +17.0% 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 +60.0% against 2019 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 47% against the previous year. As a result, the exports reached the peak of $62K, and then reduced in the following year.
| Export of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Japan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 33.9 | 35.1 | 52.7 | 54.2 | 16.9% |
| Others | N/A | 7.0 | 9.2 | N/A | 31.4% |
| Total | 33.9 | 42.1 | 61.9 | 54.2 | 16.9% |
Top Export Markets for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified from Japan in 2022:
- Thailand (14.3 tons)
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