Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Denmark - 2023

Contents:

1. Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Denmark (FOB) - 2022
2. Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Denmark (CIF) - 2023
3. Exports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Denmark
4. Imports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Denmark

Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Denmark (FOB) - 2022

In 2022, the average export price for liquid margarine and edible mixtures of animal or vegetable fats amounted to $2,107 per ton, picking up by 9% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average export price increased by 21%. Over the period under review, the average export prices attained the maximum at $2,229 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Mexico ($3,375 per ton), while the average price for exports to Germany ($1,351 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 Ukraine (+17.0%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Denmark (CIF) - 2023

In October 2023, the average import price for liquid margarine and edible mixtures of animal or vegetable fats amounted to $3,233 per ton, with an increase of 19% against the previous month. Over the period from October 2022 to October 2023, it increased at an average monthly rate of +1.0%. The most prominent rate of growth was recorded in May 2023 when the average import price increased by 34% m-o-m. As a result, import price reached the peak level of $3,853 per ton. From June 2023 to October 2023, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was Norway ($17,268 per ton), while the price for Spain ($1,406 per ton) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Sweden (+3.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Denmark

For the fourth year in a row, Denmark recorded growth in shipments abroad of liquid margarine and edible mixtures of animal or vegetable fats, which increased by 20% to 30K tons in 2022. In general, total exports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +13.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +45.4% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of liquid margarine and edible mixtures of animal or vegetable fats soared to $64M in 2022. Overall, exports saw significant growth. The growth pace was the most rapid in 2021 when exports increased by 43% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are likely to see gradual growth in years to come.

Top Export Markets for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats from Denmark in 2022:

1. Sweden (17.8K tons)
2. Netherlands (4.3K tons)
3. Germany (2.7K tons)
4. Mexico (2.3K tons)
5. Poland (1.4K tons)
6. Finland (0.7K tons)

Imports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Denmark

In 2022, approx. 17K tons of liquid margarine and edible mixtures of animal or vegetable fats were imported into Denmark; increasing by 8.4% against 2021 figures. Overall, imports, however, recorded a deep downturn. The pace of growth was the most pronounced in 2021 when imports increased by 24%.

In value terms, imports of liquid margarine and edible mixtures of animal or vegetable fats surged to $46M in 2022. In general, total imports indicated a measured expansion from 2019 to 2022: its value increased at an average annual rate of +3.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +69.0% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 47% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Top Suppliers of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats to Denmark in 2022:

1. Germany (6.3K tons)
2. Netherlands (5.4K tons)
3. Sweden (3.0K tons)
4. Belgium (0.6K tons)
5. Austria (0.5K tons)
6. Finland (0.4K tons)

Source: IndexBox Market Intelligence Platform