20 May 2020
2020- n° 124In April 2020, oil price plummeted heavily again Prices of oil and raw material imports - April 2020
In April 2020, the prices of oil in euros plummeted (−41,2 % after −43,7 %). The prices in euros of imported commodities (excluding energy) decreased again, but more slightly (−1,8 % after −3,9 %) when it comes to the prices of industrial raw materials (−1,9 % after −4,4 %) as those of or raw food materials (−1,7 % after −3,4 %).
In April 2020, the prices of oil in euros plummeted (−41,2 % after −43,7 %). The prices in euros of imported commodities (excluding energy) decreased again, but more slightly (−1,8 % after −3,9 %) when it comes to the prices of industrial raw materials (−1,9 % after −4,4 %) as those of or raw food materials (−1,7 % after −3,4 %).
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 | 87.4 |
| 2016-01 | 72.3 | 87.1 |
| 2016-02 | 74.3 | 87.6 |
| 2016-03 | 77.7 | 91.6 |
| 2016-04 | 80.4 | 92.8 |
| 2016-05 | 80.1 | 92.5 |
| 2016-06 | 82.1 | 95.6 |
| 2016-07 | 84.4 | 99.8 |
| 2016-08 | 84.1 | 98.1 |
| 2016-09 | 83.0 | 96.8 |
| 2016-10 | 83.7 | 99.3 |
| 2016-11 | 89.2 | 107.8 |
| 2016-12 | 90.3 | 111.7 |
| 2017-01 | 92.1 | 113.3 |
| 2017-02 | 95.1 | 116.7 |
| 2017-03 | 94.5 | 115.5 |
| 2017-04 | 90.0 | 109.6 |
| 2017-05 | 89.0 | 105.3 |
| 2017-06 | 88.6 | 103.2 |
| 2017-07 | 91.8 | 104.2 |
| 2017-08 | 93.0 | 103.0 |
| 2017-09 | 91.3 | 100.1 |
| 2017-10 | 89.5 | 99.5 |
| 2017-11 | 90.2 | 100.6 |
| 2017-12 | 90.5 | 100.0 |
| 2018-01 | 93.5 | 100.3 |
| 2018-02 | 95.0 | 100.7 |
| 2018-03 | 94.1 | 99.9 |
| 2018-04 | 93.9 | 100.2 |
| 2018-05 | 95.3 | 105.5 |
| 2018-06 | 95.0 | 106.4 |
| 2018-07 | 90.7 | 101.5 |
| 2018-08 | 87.9 | 99.5 |
| 2018-09 | 86.6 | 97.1 |
| 2018-10 | 89.7 | 101.9 |
| 2018-11 | 88.8 | 101.9 |
| 2018-12 | 86.9 | 99.5 |
| 2019-01 | 88.8 | 101.4 |
| 2019-02 | 91.3 | 105.3 |
| 2019-03 | 90.8 | 104.7 |
| 2019-04 | 92.9 | 107.9 |
| 2019-05 | 92.0 | 107.3 |
| 2019-06 | 94.1 | 108.6 |
| 2019-07 | 95.9 | 111.5 |
| 2019-08 | 89.1 | 104.5 |
| 2019-09 | 88.5 | 104.9 |
| 2019-10 | 88.1 | 103.9 |
| 2019-11 | 88.8 | 104.7 |
| 2019-12 | 91.5 | 107.4 |
| 2020-01 | 91.7 | 108.1 |
| 2020-02 | 89.4 | 106.9 |
| 2020-03 | 87.2 | 102.7 |
| 2020-04 | 83.7 | 100.9 |
graphiqueImported raw materials (excluding energy)
- Source: INSEE.
Oil prices plummeted again heavily
In April 2020, the prices of North Sea crude oil (Brent) in euros dropped hardly (41,2 % after −43,7 %) to an average of €17 per barrel, its lowest level since June 1999. In dollars, the drop was the same magnitude (−42,2 % after −42,7 %).
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 | 57.5 | 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 |
graphiqueOil (Brent)
- Source: INSEE.
tableauPetroleum
| prices | Changes (%) | |||
|---|---|---|---|---|
| of lost months | over the last month | over the last 3 months | over the last 12 months | |
| Brent in $ per barrel | 18.5 | -42.2 | -71.0 | -74.1 |
| Brent in € per barrel | 16.9 | -41.2 | -70.5 | -73.3 |
| Gasoline cts €/$ | 14.4 | -32.0 | -63.5 | -69.9 |
| Gas Oil | 233.5 | -25.1 | -54.4 | -58.2 |
| Heavy fuel | 150.7 | -24.6 | -47.1 | -61.6 |
| Naphtha | 136.8 | -49.2 | -71.6 | -72.4 |
- Prices are in euros per tonne unless otherwise specified
- Source : Insee
Industrial commodity prices kept decreasing
In April 2020, the prices of industrial raw materials decreased again (−1,9 % after −4,4 %) driven by mineral materials prices (−2,8 % after −4,7 %), of which those of non ferrous metals (−4,0 % after −8,0 %). The prices of precious metals recovered (+6,1 % after −7,7 %) and those of ferrous metals fell back (−3,3 % after +0,2 %). However, the prices of agricultural raw materials recovered (+2,2 % after −2,7 %) as those of tropical wood (+2,1 % after −5,8 %) and sawn softwood (+20,2 % after −1,4 %). The prices of natural textile fibres decreased less than in March (−3,4 % after −10,4 %) as well as natural rubber (−8,2 % after −10,1 %). The price of pulp increased the same magnitude than in February (+1,9 % after +1,8 %) and the price of hide plummeted again (−18,9 % after −9,5 %).
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 | 84.3 |
| 2014-12 | 76.3 | 81.8 |
| 2015-01 | 72.3 | 82.2 |
| 2015-02 | 70.0 | 81.5 |
| 2015-03 | 67.6 | 82.4 |
| 2015-04 | 66.0 | 80.9 |
| 2015-05 | 69.1 | 81.7 |
| 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 | 70.2 |
| 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 | 60.8 | 70.8 |
| 2016-06 | 60.2 | 70.6 |
| 2016-07 | 63.6 | 75.7 |
| 2016-08 | 65.0 | 76.4 |
| 2016-09 | 63.2 | 74.3 |
| 2016-10 | 64.4 | 76.9 |
| 2016-11 | 71.7 | 87.4 |
| 2016-12 | 74.9 | 93.3 |
| 2017-01 | 75.2 | 93.1 |
| 2017-02 | 80.2 | 99.0 |
| 2017-03 | 79.4 | 97.8 |
| 2017-04 | 74.0 | 90.8 |
| 2017-05 | 70.5 | 84.0 |
| 2017-06 | 68.6 | 80.4 |
| 2017-07 | 73.1 | 83.6 |
| 2017-08 | 78.3 | 87.4 |
| 2017-09 | 78.5 | 86.8 |
| 2017-10 | 76.5 | 85.7 |
| 2017-11 | 77.8 | 87.3 |
| 2017-12 | 79.9 | 89.0 |
| 2018-01 | 84.0 | 90.8 |
| 2018-02 | 84.8 | 90.5 |
| 2018-03 | 81.0 | 86.5 |
| 2018-04 | 81.1 | 87.1 |
| 2018-05 | 82.3 | 91.8 |
| 2018-06 | 81.9 | 92.4 |
| 2018-07 | 77.8 | 87.8 |
| 2018-08 | 76.8 | 87.6 |
| 2018-09 | 76.2 | 86.1 |
| 2018-10 | 77.9 | 89.3 |
| 2018-11 | 76.7 | 88.9 |
| 2018-12 | 74.8 | 86.5 |
| 2019-01 | 76.7 | 88.5 |
| 2019-02 | 82.3 | 95.5 |
| 2019-03 | 81.8 | 95.3 |
| 2019-04 | 83.6 | 97.9 |
| 2019-05 | 83.5 | 98.3 |
| 2019-06 | 86.0 | 100.3 |
| 2019-07 | 90.2 | 105.9 |
| 2019-08 | 79.9 | 94.5 |
| 2019-09 | 80.5 | 96.3 |
| 2019-10 | 78.5 | 93.6 |
| 2019-11 | 77.3 | 92.0 |
| 2019-12 | 80.0 | 94.8 |
| 2020-01 | 81.1 | 96.3 |
| 2020-02 | 76.8 | 92.7 |
| 2020-03 | 74.5 | 88.6 |
| 2020-04 | 71.2 | 86.9 |
graphiqueIndustrial raw materials
- Source: INSEE.
Food commodity prices decreased again
In euros, the prices of imported raw food materials decreased less slightly than in March (−1,7 % after −3,4 %) like those of tropical foodstuffs (−1,3 % after −2,8 %) and sugar (−13,3 % after −22,8 %). The prices of oil seeds and vegetable oils decreased again (−2,5 % after −2,4 %) and those of meats (−11,9 % after +0,3 %). However, the prices of cereals accelerated (+8,6 % after +2,9 %) and the prices of seafood products recovered (+6,3 % after −6,0 %).
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 | 122.7 |
| 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 | 111.2 | 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 | 115.5 |
| 2019-01 | 103.7 | 117.4 |
| 2019-02 | 102.1 | 117.2 |
| 2019-03 | 101.6 | 116.1 |
| 2019-04 | 104.0 | 119.9 |
| 2019-05 | 102.2 | 118.1 |
| 2019-06 | 103.6 | 118.5 |
| 2019-07 | 102.1 | 117.7 |
| 2019-08 | 100.2 | 116.5 |
| 2019-09 | 98.1 | 115.2 |
| 2019-10 | 99.5 | 116.5 |
| 2019-11 | 102.9 | 120.3 |
| 2019-12 | 105.6 | 122.8 |
| 2020-01 | 104.4 | 122.4 |
| 2020-02 | 104.7 | 124.1 |
| 2020-03 | 102.5 | 119.9 |
| 2020-04 | 98.9 | 117.9 |
graphiqueFood
- Source: INSEE.
tableauImported raw materials (excluding energy) in euros
| Index of las month | changes (in%) | |||
|---|---|---|---|---|
| over the last month | over the last 3 months | over the last 12 months | ||
| Food total | 117.9 | -1.7 | -3.7 | -1.7 |
| Tropical foodstuffs | 96.1 | -1.3 | -4.6 | 7.7 |
| Oil seeds, vegetable oils | 100.0 | -2.5 | -5.7 | 1.1 |
| Cereals | 122.0 | 8.6 | 12.3 | 24.6 |
| Sugar | 55.2 | -13.3 | -27.7 | -17.1 |
| Meat | 123.8 | -11.9 | -14.7 | -21.4 |
| Seafood products | 138.5 | 6.3 | 8.5 | 4.4 |
| Industrial raw materials | 86.9 | -1.9 | -9.7 | -11.3 |
| Agricultural raw materials | 98.1 | 2.2 | -0.1 | -11.3 |
| Natural Fibres | 86.4 | -3.4 | -14.6 | -22.2 |
| Natural rubber | 40.2 | -8.2 | -23.4 | -24.7 |
| Hides | 40.1 | -18.9 | -25.3 | -32.8 |
| Wood pulp | 110.2 | 1.9 | 4.7 | -16.4 |
| Tropical wood | 97.2 | 2.1 | -3.0 | -1.5 |
| Sawn softwood | 187.6 | 20.2 | 20.6 | 24.4 |
| Minerals | 83.6 | -2.8 | -11.7 | -11.4 |
| Ferrous metals | 72.4 | -3.3 | -9.6 | -6.9 |
| Non-ferrous metals | 82.6 | -4.0 | -15.3 | -19.6 |
| Precious metals | 139.1 | 6.1 | 1.9 | 26.0 |
| All commodities | 100.9 | -1.8 | -6.6 | -6.5 |
- 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: 24 June 2020 at 12.00 pm
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