Price for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Venezuela - 2022

Contents:

  1. Price for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Venezuela (CIF) - 2022
  2. Imports of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Venezuela

Price for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Venezuela (CIF) - 2022

The average import price for fats and oils and their fractions; of fish, (excluding liver-oils)s stood at $1,185 per ton in 2022, waning by -2.1% against the previous year. Over the period under review, the import price showed a noticeable contraction. The pace of growth appeared the most rapid in 2014 an increase of 57% against the previous year. Over the period under review, average import prices attained the peak figure at $4,354 per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($32,973 per ton), while the price for Panama ($43 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+8.3%), while the prices for the other major suppliers experienced a decline.

Imports of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Venezuela

After three years of growth, overseas purchases of fats and oils and their fractions; of fish, (excluding liver-oils)s decreased by -15.9% to 177 tons in 2022. In general, imports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 2,794%.

In value terms, imports of fats and oils and their fractions; of fish, (excluding liver-oils)s declined markedly to $209K in 2022. Overall, imports, however, recorded significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 1,301%.

Import of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Venezuela (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United Kingdom9.9130195157151.2%
Colombia1.218.330.928.0185.8%
Chile0.13.117.39.2351.4%
South AfricaN/AN/AN/A6.80%
Germany0.12.03.53.3220.8%
Ecuador0.11.41.91.5146.6%
Panama0.10.60.80.571.0%
BrazilN/A6.3N/AN/A0%
Others0.12.64.33.4224.0%
Total11.8165254209160.7%

Top Suppliers of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) to Venezuela in 2022:

  1. Chile (80.6 tons)
  2. South Africa (35.7 tons)
  3. Colombia (12.7 tons)
  4. Germany (12.2 tons)
  5. Panama (12.1 tons)
  6. Ecuador (10.8 tons)
  7. United Kingdom (4.8 tons)

Source: IndexBox Market Intelligence Platform

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