Price for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Russia - 2022
Contents:
- Price for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Russia (CIF) - 2022
- Price for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Russia (FOB) - 2022
- Imports of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Russia
- Exports of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Russia
Price for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Russia (CIF) - 2022
The average import price for fats and oils and their fractions; of fish, (excluding liver-oils)s stood at $8,634 per ton in 2022, which is down by -17.9% against the previous year. In general, the import price, however, continues to indicate a resilient expansion. The pace of growth appeared the most rapid in 2018 when the average import price increased by 54%. Over the period under review, average import prices reached the maximum at $10,512 per ton in 2021, and then declined dramatically in the following year.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Norway ($26,950 per ton), while the price for Armenia ($1,597 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Norway (+22.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Russia (FOB) - 2022
In 2022, the average export price for fats and oils and their fractions; of fish, (excluding liver-oils)s amounted to $2,049 per ton, rising by 21% against the previous year. Over the period under review, the export price continues to indicate a prominent expansion. The growth pace was the most rapid in 2016 an increase of 86% against the previous year. The export price peaked at $2,727 per ton in 2017; however, from 2018 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 Vietnam ($3,782 per ton), while the average price for exports to Japan ($1,131 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 Chile (+59.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Russia
In 2022, the amount of fats and oils and their fractions; of fish, (excluding liver-oils)s imported into Russia skyrocketed to 2.6K tons, rising by 58% against the previous year's figure. Over the period under review, imports recorded a strong increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of fats and oils and their fractions; of fish, (excluding liver-oils)s soared to $22M in 2022. Overall, imports saw a significant increase. The growth pace was the most rapid in 2021 when imports increased by 33%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in years to come.
| Import of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Russia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 4.6 | 5.3 | 9.6 | 10.2 | 30.4% |
| China | 0.1 | 0.3 | 0.8 | 3.9 | 239.1% |
| France | 2.0 | 2.3 | 3.3 | 3.4 | 19.3% |
| Georgia | N/A | N/A | N/A | 1.3 | 0% |
| Netherlands | 0.5 | N/A | N/A | 0.9 | 21.6% |
| Armenia | N/A | N/A | N/A | 0.5 | 0% |
| Iceland | 1.4 | 1.3 | 0.9 | 0.1 | -58.5% |
| Others | 3.2 | 3.8 | 2.7 | 2.3 | -10.4% |
| Total | 11.7 | 13.0 | 17.3 | 22.4 | 24.2% |
Top Suppliers of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) to Russia in 2022:
- France (718.6 tons)
- Georgia (420.3 tons)
- China (405.1 tons)
- United States (402.0 tons)
- Armenia (290.9 tons)
- Netherlands (241.7 tons)
- Iceland (6.3 tons)
Exports of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Russia
In 2022, the amount of fats and oils and their fractions; of fish, (excluding liver-oils)s exported from Russia soared to 4.3K tons, rising by 123% compared with 2021 figures. Over the period under review, exports posted significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of fats and oils and their fractions; of fish, (excluding liver-oils)s skyrocketed to $8.9M in 2022. Overall, exports enjoyed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Russia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 1,396 | 1,046 | 276 | 5,155 | 54.6% |
| Norway | N/A | N/A | N/A | 1,028 | 0% |
| South Korea | 134 | 538 | 493 | 1,013 | 96.3% |
| China | N/A | 118 | 260 | 784 | 157.8% |
| Vietnam | N/A | 567 | 386 | 408 | -15.2% |
| Kazakhstan | 76.8 | 68.2 | 371 | 294 | 56.4% |
| Japan | N/A | 427 | 773 | 89.3 | -54.3% |
| Chile | N/A | 429 | 449 | 0.1 | -98.5% |
| Others | 32.6 | 379 | 298 | 140 | 62.5% |
| Total | 1,639 | 3,573 | 3,306 | 8,912 | 75.8% |
Top Export Markets for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) from Russia in 2022:
- Turkey (2338.7 tons)
- South Korea (684.4 tons)
- Norway (488.6 tons)
- China (464.3 tons)
- Kazakhstan (137.6 tons)
- Vietnam (107.9 tons)
- Japan (78.9 tons)
392
This report provides an in-depth analysis of the market for fish fat and oil in the Russian Federation.
746
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 the Russian Federation.
746
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.
