17 January 2019
2019- n° 11In December, oil prices decreased anew Prices of oil and raw material imports - December 2018
In December 2018, the price of oil in euros plummeted again (−12.0% after −19.3% in November). The prices in euros of imported commodities (excluding energy) slipped back (−2.3% after 0.0%), as those of industrial raw materials (−2.6% after −0.5%) and raw food materials eased (−2.1% after +0.6%).
In December 2018, the price of oil in euros plummeted again (−12.0% after −19.3% in November). The prices in euros of imported commodities (excluding energy) slipped back (−2.3% after 0.0%), as those of industrial raw materials (−2.6% after −0.5%) and raw food materials eased (−2.1% after +0.6%).
tableauImported raw materials (excluding energy)
Prices in foreign currencies | Prices in euros | |
---|---|---|
2013-01 | 106.6 | 106.6 |
2013-02 | 107.9 | 107.3 |
2013-03 | 104.8 | 107.1 |
2013-04 | 103.7 | 105.6 |
2013-05 | 102.4 | 104.5 |
2013-06 | 99.9 | 100.5 |
2013-07 | 102.1 | 103.4 |
2013-08 | 102.8 | 102.5 |
2013-09 | 100.0 | 99.5 |
2013-10 | 100.4 | 98.0 |
2013-11 | 100.9 | 99.4 |
2013-12 | 103.5 | 100.7 |
2014-01 | 102.8 | 100.4 |
2014-02 | 103.2 | 100.5 |
2014-03 | 104.8 | 100.9 |
2014-04 | 106.5 | 102.7 |
2014-05 | 103.3 | 100.1 |
2014-06 | 101.0 | 98.8 |
2014-07 | 103.0 | 101.1 |
2014-08 | 101.8 | 101.5 |
2014-09 | 98.0 | 100.7 |
2014-10 | 96.2 | 100.4 |
2014-11 | 95.7 | 101.3 |
2014-12 | 93.3 | 99.7 |
2015-01 | 89.6 | 101.1 |
2015-02 | 86.8 | 100.2 |
2015-03 | 83.9 | 101.4 |
2015-04 | 82.6 | 100.4 |
2015-05 | 84.1 | 98.7 |
2015-06 | 83.3 | 97.4 |
2015-07 | 80.4 | 95.7 |
2015-08 | 79.1 | 92.9 |
2015-09 | 78.1 | 91.0 |
2015-10 | 77.4 | 90.0 |
2015-11 | 74.4 | 90.3 |
2015-12 | 72.9 | 87.5 |
2016-01 | 72.3 | 87.0 |
2016-02 | 74.3 | 87.5 |
2016-03 | 77.7 | 91.5 |
2016-04 | 80.4 | 92.7 |
2016-05 | 80.0 | 92.4 |
2016-06 | 82.1 | 95.6 |
2016-07 | 84.4 | 99.7 |
2016-08 | 84.1 | 98.0 |
2016-09 | 83.0 | 96.7 |
2016-10 | 83.7 | 99.2 |
2016-11 | 89.2 | 107.8 |
2016-12 | 90.2 | 111.6 |
2017-01 | 92.0 | 113.2 |
2017-02 | 95.1 | 116.6 |
2017-03 | 94.4 | 115.5 |
2017-04 | 89.9 | 109.6 |
2017-05 | 88.9 | 105.2 |
2017-06 | 88.6 | 103.2 |
2017-07 | 91.8 | 104.2 |
2017-08 | 93.0 | 103.0 |
2017-09 | 91.2 | 100.0 |
2017-10 | 89.4 | 99.3 |
2017-11 | 90.1 | 100.4 |
2017-12 | 90.4 | 99.8 |
2018-01 | 93.5 | 100.3 |
2018-02 | 94.9 | 100.6 |
2018-03 | 94.0 | 99.7 |
2018-04 | 93.8 | 99.9 |
2018-05 | 95.2 | 105.3 |
2018-06 | 94.8 | 106.2 |
2018-07 | 90.7 | 101.4 |
2018-08 | 87.9 | 99.5 |
2018-09 | 86.6 | 97.1 |
2018-10 | 89.7 | 101.8 |
2018-11 | 88.9 | 101.9 |
2018-12 | 87.0 | 99.5 |
graphiqueImported raw materials (excluding energy)
Oil prices decreased
In December 2018, the price of North Sea crude oil (Brent) in euros kept decreasing (−12.0% after −19.3% in November) to an average of €50 per barrel. In dollars, the decrease was of almost the same magnitude (−12.3% after −20.1%).
tableauOil (Brent)
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 | 57.6 | 49.0 |
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 | 56.8 | 50.1 |
graphiqueOil (Brent)
tableauFigure2 – Pétrole et dérivés
Prices | Changes (%) | |||
---|---|---|---|---|
of lost months | over the last month | over the last 3 months | over the last 12 months | |
Brent in $ per barrel | 56,8 | -12,3 | -28,0 | -11,8 |
Brent in € per barrel | 50,1 | -12,0 | -26,0 | -7,9 |
Gasoline cts €/L | 33,9 | -10,2 | -28,5 | -13,2 |
Gas Oil | 480,8 | -13,2 | -19,0 | -0,1 |
Heavy fuel | 325,4 | -14,6 | -17,1 | 1,8 |
Naphtha | 410,2 | -11,0 | -29,0 | -15,1 |
- Prices are in euros per tonne unless otherwise specified
- Source: Insee
Industrial commodity prices slipped back
In December 2018, the decrease in industrial raw materials prices accentuated (−2.6% after −0.5% in november). The prices of minerals materials declined (−2.7% after −0.8%), largely due to ferrous metals (−5.7% after +1.2%). The prices of non-ferrous metals decreased less than in November (−0.9% after −2.6 %) as those of precious metals accelerated(+2.2% after +1.2%). The prices of agricultural raw materials fell back (−1.8% after +0.8%), because of sawn softwood (−5.2% after −5.8%), wood pulp (−1.8% after +1.%), and tropical wood (−1.8% after +0.1%). The prices of natural fibres kept decreasing (−0.2% after −1.0%) as well as hide price (−0.4% after −2.8%). However, the price ofnatural rubber recovered (+1,9% after −5.8%).
tableauIndustrial raw materials
Prices in foreign currencies | Prices in euros | |
---|---|---|
2013-01 | 103.0 | 103.0 |
2013-02 | 104.8 | 104.0 |
2013-03 | 98.5 | 100.8 |
2013-04 | 95.3 | 97.1 |
2013-05 | 90.4 | 92.4 |
2013-06 | 86.5 | 87.0 |
2013-07 | 89.0 | 90.2 |
2013-08 | 93.3 | 92.9 |
2013-09 | 92.1 | 91.5 |
2013-10 | 92.5 | 90.0 |
2013-11 | 93.3 | 91.6 |
2013-12 | 93.3 | 90.2 |
2014-01 | 91.5 | 89.0 |
2014-02 | 89.2 | 86.5 |
2014-03 | 86.7 | 83.0 |
2014-04 | 88.4 | 84.7 |
2014-05 | 85.1 | 82.2 |
2014-06 | 83.6 | 81.4 |
2014-07 | 86.8 | 84.9 |
2014-08 | 86.5 | 86.0 |
2014-09 | 82.8 | 85.0 |
2014-10 | 80.7 | 84.3 |
2014-11 | 79.5 | 84.4 |
2014-12 | 76.3 | 81.7 |
2015-01 | 72.3 | 82.2 |
2015-02 | 70.0 | 81.5 |
2015-03 | 67.6 | 82.3 |
2015-04 | 66.0 | 80.9 |
2015-05 | 69.1 | 81.6 |
2015-06 | 67.7 | 79.7 |
2015-07 | 62.5 | 74.9 |
2015-08 | 61.1 | 72.2 |
2015-09 | 61.4 | 72.0 |
2015-10 | 59.9 | 70.1 |
2015-11 | 55.8 | 68.3 |
2015-12 | 53.7 | 64.9 |
2016-01 | 53.1 | 64.3 |
2016-02 | 55.9 | 66.3 |
2016-03 | 60.4 | 71.7 |
2016-04 | 62.7 | 72.9 |
2016-05 | 60.7 | 70.7 |
2016-06 | 60.2 | 70.5 |
2016-07 | 63.6 | 75.7 |
2016-08 | 65.0 | 76.4 |
2016-09 | 63.2 | 74.2 |
2016-10 | 64.4 | 76.8 |
2016-11 | 71.7 | 87.3 |
2016-12 | 74.8 | 93.2 |
2017-01 | 75.1 | 93.0 |
2017-02 | 80.1 | 98.9 |
2017-03 | 79.4 | 97.6 |
2017-04 | 73.9 | 90.7 |
2017-05 | 70.4 | 83.8 |
2017-06 | 68.6 | 80.4 |
2017-07 | 73.1 | 83.6 |
2017-08 | 78.3 | 87.4 |
2017-09 | 78.4 | 86.6 |
2017-10 | 76.3 | 85.4 |
2017-11 | 77.6 | 87.1 |
2017-12 | 79.7 | 88.7 |
2018-01 | 83.9 | 90.7 |
2018-02 | 84.7 | 90.3 |
2018-03 | 80.7 | 86.2 |
2018-04 | 80.8 | 86.8 |
2018-05 | 82.0 | 91.4 |
2018-06 | 81.7 | 92.2 |
2018-07 | 77.8 | 87.7 |
2018-08 | 76.8 | 87.6 |
2018-09 | 76.2 | 86.1 |
2018-10 | 77.9 | 89.3 |
2018-11 | 76.8 | 88.9 |
2018-12 | 74.9 | 86.6 |
graphiqueIndustrial raw materials
Food commodity prices fell back
In euros, the prices of raw food materials fell back (−2.1 % after +0.6 %). The prices of meats decreased (−0.4% after +1.6%), as those of tropical foodstuffs (−5.2% after +0.3%), seafood products (−1.9% after +0.6%) and oil seeds and vegetable oils (−1.7% after +0.8%). The price of sugar kept decreasing at the same magnitude than in November (−2.0% after −2.0%). Only the prices of cereals recovered in December (+1.5% after −1.3%)
tableauFood
Prices in foreign currencies | Prices in euros | |
---|---|---|
2013-01 | 111.4 | 111.5 |
2013-02 | 112.2 | 111.8 |
2013-03 | 112.9 | 115.2 |
2013-04 | 114.5 | 116.4 |
2013-05 | 117.7 | 120.0 |
2013-06 | 117.0 | 117.8 |
2013-07 | 118.6 | 120.2 |
2013-08 | 114.8 | 114.8 |
2013-09 | 110.2 | 109.8 |
2013-10 | 110.6 | 108.3 |
2013-11 | 110.6 | 109.4 |
2013-12 | 116.5 | 114.1 |
2014-01 | 117.0 | 114.8 |
2014-02 | 120.6 | 118.0 |
2014-03 | 127.3 | 123.3 |
2014-04 | 129.2 | 125.2 |
2014-05 | 125.9 | 122.4 |
2014-06 | 122.7 | 120.4 |
2014-07 | 123.1 | 121.3 |
2014-08 | 121.0 | 120.9 |
2014-09 | 117.1 | 120.2 |
2014-10 | 115.6 | 120.6 |
2014-11 | 115.8 | 122.4 |
2014-12 | 114.4 | 122.0 |
2015-01 | 111.4 | 125.0 |
2015-02 | 108.1 | 123.8 |
2015-03 | 104.6 | 125.5 |
2015-04 | 103.6 | 125.1 |
2015-05 | 102.9 | 120.1 |
2015-06 | 102.9 | 119.7 |
2015-07 | 103.4 | 122.3 |
2015-08 | 102.3 | 119.5 |
2015-09 | 99.4 | 115.3 |
2015-10 | 99.7 | 115.4 |
2015-11 | 98.3 | 118.6 |
2015-12 | 97.7 | 116.6 |
2016-01 | 97.6 | 116.9 |
2016-02 | 98.3 | 115.2 |
2016-03 | 99.9 | 117.0 |
2016-04 | 103.1 | 118.2 |
2016-05 | 105.1 | 120.5 |
2016-06 | 111.1 | 128.5 |
2016-07 | 111.5 | 131.1 |
2016-08 | 108.8 | 125.9 |
2016-09 | 108.7 | 125.9 |
2016-10 | 108.8 | 128.2 |
2016-11 | 111.3 | 133.5 |
2016-12 | 109.1 | 134.3 |
2017-01 | 113.5 | 139.0 |
2017-02 | 113.8 | 138.9 |
2017-03 | 113.3 | 137.9 |
2017-04 | 110.3 | 133.6 |
2017-05 | 112.7 | 132.6 |
2017-06 | 114.5 | 132.6 |
2017-07 | 115.7 | 130.6 |
2017-08 | 111.4 | 122.8 |
2017-09 | 107.1 | 116.7 |
2017-10 | 105.7 | 116.8 |
2017-11 | 105.7 | 117.0 |
2017-12 | 103.4 | 113.5 |
2018-01 | 104.8 | 111.8 |
2018-02 | 107.2 | 113.0 |
2018-03 | 110.5 | 116.5 |
2018-04 | 109.8 | 116.3 |
2018-05 | 111.5 | 122.5 |
2018-06 | 111.1 | 123.6 |
2018-07 | 106.6 | 118.5 |
2018-08 | 101.4 | 114.1 |
2018-09 | 99.2 | 110.5 |
2018-10 | 104.3 | 117.3 |
2018-11 | 103.8 | 118.0 |
2018-12 | 101.9 | 115.6 |
graphiqueFood
tableauFigure3 – Imported raw materials (excluding energy) in euros
Index of last month | Changes (in %) | |||
---|---|---|---|---|
over the last month | over the last 3 months | over the last 12 months | ||
Food total | 115.6 | -2.1 | 4.6 | 1.8 |
Tropical foodstuffs | 90.5 | -5.2 | 3.0 | -1.4 |
Oil seeds, vegetable oils | 101.1 | -1.7 | -.1 | -8.1 |
Cereals | 99.0 | 1.5 | 3.9 | 10.4 |
Sugar | 65.9 | -2.0 | 19.7 | -9.4 |
Meat | 143.0 | -.4 | 11.3 | 4.0 |
Seafood products | 123.5 | -1.9 | 3.0 | 11.9 |
Industrial raw materials | 86.6 | -2.6 | .6 | -2.3 |
Agricultural raw materials | 117.8 | -1.8 | -4.6 | 1.8 |
Natural Fibres | 106.2 | -.2 | -2.8 | 8.7 |
Natural rubber | 44.0 | 1.9 | -3.2 | -9.3 |
Hides | 68.0 | -.4 | -3.0 | -15.7 |
Wood pulp | 151.2 | -1.8 | .8 | 26.6 |
Tropical wood | 94.7 | -1.8 | -.5 | -1.7 |
Sawn softwood | 146.4 | -5.2 | -20.8 | -27.7 |
Minerals | 80.6 | -2.7 | 1.9 | -3.2 |
Ferrous metals | 57.3 | -5.7 | 3.4 | .4 |
Non-ferrous metals | 98.9 | -.9 | .0 | -5.7 |
Precious metals | 105.1 | 2.2 | 7.1 | .6 |
All commodities | 99.5 | -2.3 | 2.5 | -.3 |
- Source: INSEE
For more information-
- 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 (2000 = 100).
Additional data (time series, methods, etc.) is available on the page: https://www..insee.fr/en/statistiques?debut=0&idprec=2835392&theme=30&conjoncture=48
Find the long series in BDM: https://www..insee.fr/en/statistiques/series/102743553-
A support for time series is ready on the page: https://www..insee.fr/en/information/2491441-
Next issue: 21 February 2019 at 12.00 pm
Pour en savoir plus
Time series : Raw materials prices