Price for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Latvia - 2023
Contents:
- Price for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Latvia (FOB) - 2022
- Price for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Latvia (CIF) - 2022
- Exports of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Latvia
- Imports of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Latvia
Price for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Latvia (FOB) - 2022
The average export price for vegetable oils; linseed oil and its fractions, crude, not chemically modifieds stood at $6,076 per ton in 2022, picking up by 10% against the previous year. Overall, the export price showed strong growth. The most prominent rate of growth was recorded in 2015 when the average export price increased by 80%. The export price peaked in 2022 and is expected to retain growth in the near future.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($11,206 per ton), while the average price for exports to Lithuania ($5,465 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 (+26.4%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Latvia (CIF) - 2022
The average import price for vegetable oils; linseed oil and its fractions, crude, not chemically modifieds stood at $3,734 per ton in 2022, increasing by 93% against the previous year. In general, the import price continues to indicate prominent growth. The pace of growth appeared the most rapid in 2018 when the average import price increased by 182% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Poland ($9,000 per ton), while the price for Ukraine ($1,801 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+27.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Latvia
In 2022, exports of vegetable oils; linseed oil and its fractions, crude, not chemically modifieds from Latvia shrank remarkably to 7.6 tons, which is down by -23.4% against the previous year's figure. Over the period under review, exports saw a abrupt contraction. The most prominent rate of growth was recorded in 2021 when exports increased by 15%.
In value terms, exports of vegetable oils; linseed oil and its fractions, crude, not chemically modifieds declined remarkably to $46K in 2022. The total export value increased at an average annual rate of +1.6% 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 2021 when exports increased by 39% against the previous year. As a result, the exports attained the peak of $54K, and then dropped markedly in the following year.
| Export of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lithuania | 43.9 | 30.0 | 45.8 | 31.4 | -10.6% |
| Russia | N/A | 8.1 | 8.1 | 7.4 | -4.4% |
| Estonia | N/A | N/A | 0.2 | 6.7 | 3250.0% |
| Others | N/A | 1.0 | 0.4 | 0.5 | -29.3% |
| Total | 43.9 | 39.1 | 54.5 | 46.0 | 1.6% |
Top Export Markets for Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified from Latvia in 2022:
- Lithuania (5.7 tons)
- Estonia (1.1 tons)
- Russia (0.7 tons)
Imports of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Latvia
After three years of growth, supplies from abroad of vegetable oils; linseed oil and its fractions, crude, not chemically modifieds decreased by -82.8% to 9.5 tons in 2022. In general, imports saw a precipitous curtailment. The growth pace was the most rapid in 2021 with an increase of 3.4% against the previous year. As a result, imports reached the peak of 56 tons, and then dropped markedly in the following year.
In value terms, imports of vegetable oils; linseed oil and its fractions, crude, not chemically modifieds declined rapidly to $36K in 2022. Over the period under review, imports showed a abrupt slump. The pace of growth was the most pronounced in 2021 with an increase of 31% against the previous year. As a result, imports attained the peak of $108K, and then dropped significantly in the following year.
| Import of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 10.1 | N/A | 8.6 | 20.4 | 26.4% |
| Russia | 12.1 | 11.6 | 15.4 | 8.8 | -10.1% |
| Ukraine | 22.5 | 66.5 | 83.4 | 5.7 | -36.7% |
| Belgium | 15.0 | N/A | N/A | N/A | 0% |
| Others | 6.9 | 4.3 | 0.2 | 0.7 | -53.4% |
| Total | 66.6 | 82.3 | 108 | 35.6 | -18.8% |
Top Suppliers of Vegetable Oils; Linseed Oil and Its Fractions, Crude, Not Chemically Modified to Latvia in 2022:
- Germany (3.6 tons)
- Ukraine (3.2 tons)
- Russia (2.7 tons)
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