Insee
Informations Rapides · 21 April 2021 · n° 100
Informations rapidesIn March 2021, the price of oil increased again Prices of oil and raw material imports - March 2021

In March 2021, the prices of oil in euros increased for the fifth months in a row (+6.8% after +14.4 in January). The prices in euros of imported commodities (excluding energy) kept increasing (+3.5% after +2.2%), both as a result of industrial raw materials (+3.5% after +1.5%) and raw food materials (+3.5% after +2.8 %).

Informations rapides
No 100
Paru le :Paru le21/04/2021
Imprimer
Découvrir la collection
Données
(xls, 88 Ko)
Warning :

Last month, pulp quotations since November 2020 have been revised mistakenly by the data provider. Pulp index and associated aggregates indices (agricultural raw materials, industrial raw materials and general index) have been revised in this publication, against the previous one. For January 2021 to March 2021, in default of available data, values of indices have simply been extended as constant, from dollars quotations. Actual data will be released once available.

In March 2021, the prices of oil in euros increased for the fifth months in a row (+6.8% after +14.4 in January). The prices in euros of imported commodities (excluding energy) kept increasing (+3.5% after +2.2%), both as a result of industrial raw materials (+3.5% after +1.5%) and raw food materials (+3.5% after +2.8 %).

Imported raw materials (excluding energy)

index 2000=100
Imported raw materials (excluding energy) (index 2000=100)
Prices in foreign currencies Prices in euros
2013-01 106.8 106.6
2013-02 108.0 107.3
2013-03 105.3 107.1
2013-04 104.2 105.6
2013-05 102.9 104.5
2013-06 100.2 100.5
2013-07 102.4 103.4
2013-08 102.8 102.5
2013-09 100.0 99.5
2013-10 100.2 98.0
2013-11 100.7 99.4
2013-12 103.1 100.7
2014-01 102.5 100.4
2014-02 102.8 100.5
2014-03 104.3 100.9
2014-04 106.1 102.7
2014-05 102.9 100.1
2014-06 100.7 98.8
2014-07 102.8 101.1
2014-08 101.9 101.5
2014-09 98.6 100.7
2014-10 97.0 100.4
2014-11 96.7 101.3
2014-12 94.4 99.7
2015-01 91.5 101.1
2015-02 89.1 100.2
2015-03 86.8 101.4
2015-04 85.5 100.4
2015-05 86.5 98.7
2015-06 85.6 97.4
2015-07 83.1 95.7
2015-08 81.4 92.9
2015-09 80.2 91.0
2015-10 79.6 90.0
2015-11 77.2 90.3
2015-12 75.5 87.4
2016-01 74.7 87.1
2016-02 76.5 87.6
2016-03 80.0 91.6
2016-04 82.6 92.8
2016-05 82.2 92.5
2016-06 84.4 95.6
2016-07 87.0 99.8
2016-08 86.5 98.1
2016-09 85.4 96.8
2016-10 86.3 99.3
2016-11 92.1 107.8
2016-12 93.5 111.7
2017-01 95.3 113.3
2017-02 98.4 116.7
2017-03 97.7 115.5
2017-04 93.1 109.6
2017-05 91.7 105.3
2017-06 91.1 103.2
2017-07 94.1 104.2
2017-08 95.0 103.0
2017-09 93.2 100.1
2017-10 91.5 99.5
2017-11 92.2 100.6
2017-12 92.4 100.0
2018-01 95.1 100.3
2018-02 96.4 100.7
2018-03 95.5 99.9
2018-04 95.4 100.2
2018-05 97.3 105.5
2018-06 97.1 106.4
2018-07 92.7 101.5
2018-08 90.0 99.5
2018-09 88.5 97.1
2018-10 92.0 101.9
2018-11 91.2 101.9
2018-12 89.2 99.5
2019-01 91.1 101.4
2019-02 93.7 105.3
2019-03 93.2 104.7
2019-04 95.4 107.9
2019-05 94.6 107.0
2019-06 96.5 108.6
2019-07 98.4 111.5
2019-08 91.6 104.5
2019-09 91.2 104.9
2019-10 90.6 103.9
2019-11 91.4 104.7
2019-12 94.1 107.4
2020-01 94.5 108.3
2020-02 93.0 107.7
2020-03 90.3 103.4
2020-04 87.5 101.8
2020-05 90.4 104.9
2020-06 89.8 101.3
2020-07 91.2 101.3
2020-08 95.3 103.0
2020-09 97.2 105.3
2020-10 98.2 106.5
2020-11 100.6 108.7
2020-12 105.4 111.1
2021-01 108.4 114.3
2021-02 110.1 116.8
2021-03 112.4 120.9

Imported raw materials (excluding energy)

  • Source: INSEE

Oil prices increased again

In March 2021, the prices of North Sea crude oil (Brent) in euros increased again (+6.8% after +14.4) to an average of €55 per barrel. The increase in dollars was less marked (+5.0% after +13.7).

Oil (Brent)

price per barrel
Oil (Brent) (price per barrel)
Prices in dollars Prices in euros
2013-01 112.0 84.3
2013-02 116.4 87.1
2013-03 109.7 84.6
2013-04 103.8 79.5
2013-05 103.0 79.4
2013-06 102.8 78.0
2013-07 107.7 82.3
2013-08 110.1 82.8
2013-09 111.6 83.6
2013-10 109.4 80.2
2013-11 107.7 79.9
2013-12 110.7 80.7
2014-01 107.6 79.0
2014-02 108.7 79.6
2014-03 107.9 78.0
2014-04 108.0 78.1
2014-05 109.2 79.6
2014-06 111.9 82.3
2014-07 108.6 80.2
2014-08 103.5 77.7
2014-09 98.9 76.7
2014-10 88.7 70.0
2014-11 80.8 64.8
2014-12 64.2 52.2
2015-01 50.1 43.1
2015-02 58.2 51.3
2015-03 57.3 52.8
2015-04 59.5 55.4
2015-05 64.1 57.5
2015-06 61.5 54.8
2015-07 56.6 51.4
2015-08 46.6 41.9
2015-09 47.6 42.4
2015-10 48.4 43.1
2015-11 44.3 41.2
2015-12 38.0 35.0
2016-01 30.7 28.3
2016-02 32.2 29.0
2016-03 38.2 34.4
2016-04 41.6 36.7
2016-05 46.7 41.3
2016-06 48.2 43.0
2016-07 45.3 41.0
2016-08 46.8 41.8
2016-09 47.7 42.5
2016-10 51.4 46.6
2016-11 47.1 43.7
2016-12 54.9 52.1
2017-01 55.4 52.2
2017-02 56.0 52.6
2017-03 52.6 49.2
2017-04 53.8 50.1
2017-05 51.4 46.5
2017-06 47.6 42.4
2017-07 49.1 42.6
2017-08 51.9 44.0
2017-09 55.5 46.6
2017-10 57.5 48.9
2017-11 62.7 53.4
2017-12 64.4 54.4
2018-01 69.1 56.6
2018-02 65.3 52.9
2018-03 66.0 53.5
2018-04 72.0 58.7
2018-05 76.9 65.2
2018-06 74.4 63.7
2018-07 74.3 63.5
2018-08 72.5 62.8
2018-09 78.9 67.7
2018-10 81.0 70.6
2018-11 64.7 57.0
2018-12 56.5 49.8
2019-01 59.4 52.0
2019-02 64.0 56.4
2019-03 66.1 58.5
2019-04 71.2 63.4
2019-05 71.2 63.6
2019-06 64.3 56.9
2019-07 63.9 57.0
2019-08 59.0 53.1
2019-09 62.8 57.1
2019-10 59.7 54.0
2019-11 63.2 57.2
2019-12 67.2 60.4
2020-01 63.6 57.3
2020-02 55.7 51.1
2020-03 31.9 28.8
2020-04 18.5 16.9
2020-05 29.4 27.5
2020-06 40.3 35.8
2020-07 43.2 37.7
2020-08 44.8 37.8
2020-09 40.9 34.7
2020-10 40.2 34.1
2020-11 42.7 36.1
2020-12 50.0 41.1
2021-01 54.8 45.0
2021-02 62.3 51.5
2021-03 65.4 55.0

Oil (Brent)

  • Source: INSEE

Petroleum

Petroleum
prices Changes (%)
of last month over the last month over the last 3 months over the last 12 months
Brent in $ per barrel 65,4 5 30,8 104,9
Brent in € per barrel 55 6,8 33,8 91,1
Gasoline cts €/$ 44,1 14,7 49,5 108,4
Gas Oil 439,2 4,8 29,6 40,8
Heavy fuel 312,3 7,1 34 150
Naphtha 487,7 9 40,5 81,2
  • Prices are in euros per tonne unless otherwise specified

Industrial commodity prices accelerated

In March 2021, the prices of industrial raw materials accelerated (+3.5% after +1.5%). The increase in mineral materials prices accentuated (+3.8% after +1.6%). The prices of ferrous metals recovered (+4.5% after −2.3%), those of non ferrous metals kept increasing (+4.4% after +4.6%) but those of precious metals fell back (−3.1% after +0.5%). The prices of agricultural raw materials accelerated too (+2.0% after +1.6%). The prices of tropical woods eased (+1.7% after +2.4%) as natural rubber (+5.3% after +7.5%) and natural textile fibres (+0.2% after +5.7%). However, the price of hide accelerated (+1.7% after +0.7%) just like sawn softwood (+1.7% after +0.6%).

Industrial raw materials

index 2000=100
Industrial raw materials (index 2000=100)
Prices in foreign currencies Prices in euros
2013-01 103.4 103.0
2013-02 104.9 104.0
2013-03 99.2 100.8
2013-04 95.9 97.1
2013-05 91.0 92.4
2013-06 86.8 87.0
2013-07 89.4 90.2
2013-08 93.4 92.9
2013-09 92.2 91.5
2013-10 92.3 90.0
2013-11 93.1 91.6
2013-12 92.9 90.2
2014-01 91.2 89.0
2014-02 88.9 86.5
2014-03 86.1 83.0
2014-04 87.8 84.7
2014-05 84.7 82.2
2014-06 83.3 81.4
2014-07 86.6 84.9
2014-08 86.6 86.0
2014-09 83.4 85.0
2014-10 81.5 84.3
2014-11 80.6 84.3
2014-12 77.5 81.8
2015-01 74.2 82.2
2015-02 72.2 81.5
2015-03 70.4 82.4
2015-04 68.8 80.9
2015-05 71.3 81.7
2015-06 69.9 79.7
2015-07 64.8 74.9
2015-08 63.1 72.2
2015-09 63.2 72.0
2015-10 61.7 70.2
2015-11 58.1 68.3
2015-12 55.9 64.9
2016-01 55.1 64.3
2016-02 57.7 66.3
2016-03 62.5 71.7
2016-04 64.7 72.9
2016-05 62.7 70.8
2016-06 62.0 70.6
2016-07 65.8 75.7
2016-08 67.1 76.4
2016-09 65.2 74.3
2016-10 66.6 76.9
2016-11 74.3 87.4
2016-12 77.9 93.3
2017-01 78.2 93.1
2017-02 83.3 99.0
2017-03 82.5 97.8
2017-04 76.9 90.8
2017-05 72.9 84.0
2017-06 70.7 80.4
2017-07 75.0 83.6
2017-08 80.1 87.4
2017-09 80.2 86.8
2017-10 78.3 85.7
2017-11 79.6 87.3
2017-12 81.7 89.0
2018-01 85.6 90.8
2018-02 86.1 90.5
2018-03 82.2 86.5
2018-04 82.4 87.1
2018-05 84.1 91.8
2018-06 83.9 92.4
2018-07 79.7 87.8
2018-08 78.8 87.6
2018-09 78.1 86.1
2018-10 80.0 89.3
2018-11 79.0 88.9
2018-12 77.0 86.5
2019-01 78.8 88.5
2019-02 84.6 95.5
2019-03 84.1 95.3
2019-04 86.0 97.9
2019-05 85.9 98.2
2019-06 88.4 100.3
2019-07 92.8 105.9
2019-08 82.3 94.5
2019-09 83.0 96.3
2019-10 80.9 93.6
2019-11 79.6 92.0
2019-12 82.4 94.8
2020-01 83.5 96.1
2020-02 79.8 93.1
2020-03 77.0 88.8
2020-04 74.5 87.2
2020-05 75.9 88.6
2020-06 80.0 91.0
2020-07 83.5 93.5
2020-08 89.5 97.7
2020-09 90.9 99.4
2020-10 91.1 99.9
2020-11 95.1 103.7
2020-12 104.2 110.9
2021-01 106.8 113.9
2021-02 107.8 115.5
2021-03 110.0 119.5

Industrial raw materials

  • Source: INSEE

Food commodity prices increased faster than in February

In euros, the prices of imported raw food materials increased faster than in February (+3.5% after +2.8%), because of meats (+7.7% after +5.7%) and seafood products (+5.9% after −1.0%). However, the prices of oil seeds and vegetable eased (+1.0% after +1.9%), as those of tropical foodstuffs (+2.3% after +3.2%). The prices of cereals fell back (−1.7% after +4.4%) just like sugar (−5.2% after +6.8%%).

Food

index 2000=100
Food (index 2000=100)
Prices in foreign currencies Prices in euros
2013-01 111.4 111.5
2013-02 112.2 111.8
2013-03 113.2 115.2
2013-04 114.8 116.4
2013-05 118.0 120.0
2013-06 117.1 117.8
2013-07 118.9 120.2
2013-08 114.8 114.8
2013-09 110.1 109.8
2013-10 110.3 108.3
2013-11 110.5 109.4
2013-12 116.2 114.1
2014-01 116.7 114.8
2014-02 120.3 118.0
2014-03 126.8 123.3
2014-04 128.7 125.2
2014-05 125.5 122.4
2014-06 122.4 120.4
2014-07 122.9 121.3
2014-08 121.0 120.9
2014-09 117.5 120.2
2014-10 116.3 120.6
2014-11 116.7 122.4
2014-12 115.4 122.0
2015-01 113.4 125.0
2015-02 110.4 123.8
2015-03 107.5 125.5
2015-04 106.6 125.1
2015-05 105.5 120.1
2015-06 105.4 119.7
2015-07 106.3 122.3
2015-08 104.8 119.5
2015-09 101.9 115.3
2015-10 102.3 115.4
2015-11 101.8 118.6
2015-12 100.9 116.6
2016-01 100.4 116.9
2016-02 100.8 115.2
2016-03 102.5 117.0
2016-04 105.6 118.2
2016-05 107.6 120.5
2016-06 113.9 128.5
2016-07 114.5 131.1
2016-08 111.5 125.9
2016-09 111.4 125.9
2016-10 111.7 128.2
2016-11 114.5 133.5
2016-12 112.5 134.3
2017-01 117.0 139.0
2017-02 117.3 138.9
2017-03 116.7 137.9
2017-04 113.6 133.6
2017-05 115.7 132.6
2017-06 117.4 132.6
2017-07 118.4 130.6
2017-08 113.8 122.7
2017-09 109.3 116.7
2017-10 107.9 116.8
2017-11 107.9 117.0
2017-12 105.6 113.5
2018-01 106.5 111.8
2018-02 108.8 113.0
2018-03 112.0 116.5
2018-04 111.3 116.3
2018-05 113.6 122.5
2018-06 113.5 123.6
2018-07 108.8 118.5
2018-08 103.7 114.1
2018-09 101.2 110.5
2018-10 106.6 117.3
2018-11 106.3 118.0
2018-12 104.3 115.5
2019-01 106.2 117.4
2019-02 104.6 117.2
2019-03 104.1 116.1
2019-04 106.6 119.9
2019-05 104.8 117.5
2019-06 106.1 118.5
2019-07 104.7 117.6
2019-08 102.8 116.5
2019-09 100.8 115.2
2019-10 102.3 116.5
2019-11 105.8 120.3
2019-12 108.4 122.8
2020-01 107.3 122.4
2020-02 107.7 124.0
2020-03 105.1 119.5
2020-04 101.8 117.9
2020-05 106.2 122.6
2020-06 101.4 113.5
2020-07 100.9 111.2
2020-08 103.4 110.7
2020-09 105.9 113.7
2020-10 107.5 115.6
2020-11 108.5 116.3
2020-12 109.6 114.5
2021-01 113.1 118.1
2021-02 115.5 121.3
2021-03 117.9 125.6

Food

  • Source: INSEE

Imported raw materials (excluding energy) in euros

Base 100 in 2010
Imported raw materials (excluding energy) in euros (Base 100 in 2010)
Index of last month changes (in%)
over the last month over the last 3 months over the last 12 months
Food total 125,6 3,5 9,7 5,1
Tropical foodstuffs 98,6 2,3 4,6 1,3
Oil seeds, vegetable oils 127,2 1 8,3 24,8
Cereals 128,9 -1,7 13,6 15,1
Sugar 79,3 -5,2 10 24,6
Meat 159 7,7 23,3 14
Seafood products 107 5,9 3,6 -17,8
Industrial raw materials 119,5 3,5 7,8 34,6
Agricultural raw materials 98,6 2 4,6 2,4
Natural Fibres 101 0,2 12,5 12,9
Natural rubber 58,3 5,3 13,6 33
Hides 49,4 1,7 2,9 0
Wood pulp 108,9 1,7 2,3 0,7
Tropical wood 99,1 1,7 5,5 4
Sawn softwood 145,2 1,7 2,3 -7
Minerals 124,2 3,8 9 44
Ferrous metals 131,1 4,5 11,7 75,1
Non-ferrous metals 113,4 4,4 9,5 31,8
Precious metals 152,4 -3,1 -1,1 15,4
All commodities 120,9 3,5 8,7 16,9
  • Source: INSEE

For further information:

The relevant time series and a user guide are available at the bottom of this page.

Crude oil: from 1986, the price of Brent gradually established as a representative reference price of European supplies.

Petroleum products: prices of petroleum are quotations from the Rotterdam market which supplies European market.

Indices of non-energy raw materials imported by France: the indices calculated by INSEE are monthly averages of raw materials prices, weighted by their share in the French imports of raw materials (2010 = 100).

Next issue: 25 May 2021 at 12.00 pm

Documentation

Methodology (pdf,41 Ko)

Prices of oil and imported raw materials

Pour en savoir plus

: bureau-de-presse@insee.fr

Publication calendar

support use of series

Time series : Raw materials prices