MERCOSUR: Refined Rapeseed Oil Market 2024

Refined Rapeseed Oil Market Size in MERCOSUR

The MERCOSUR refined rapeseed oil market reached $X in 2023, surging by X% against the previous year. Over the period under review, consumption recorded a perceptible decline. The level of consumption peaked at $X in 2012; however, from 2013 to 2023, consumption failed to regain momentum.

Refined Rapeseed Oil Production in MERCOSUR

In value terms, refined rapeseed oil production stood at $X in 2023 estimated in export price. Over the period under review, production showed a pronounced decline. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2023, production failed to regain momentum.

Refined Rapeseed Oil Exports

Exports in MERCOSUR

In 2023, shipments abroad of refined rape, colza or mustard oil decreased by X% to X tons, falling for the second year in a row after three years of growth. Overall, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of X%. The volume of export peaked at X tons in 2021; however, from 2022 to 2023, the exports remained at a lower figure.

In value terms, refined rapeseed oil exports reduced markedly to $X in 2023. In general, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, the exports attained the peak of $X. From 2022 to 2023, the growth of the exports remained at a lower figure.

Exports by Country

Uruguay (X tons) and Brazil (X tons) dominates exports structure, together achieving X% of total exports. Colombia (X tons) held a little share of total exports.

From 2012 to 2023, the biggest increases were recorded for Colombia (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Uruguay ($X), Brazil ($X) and Colombia ($X) appeared to be the countries with the highest levels of exports in 2023, together comprising X% of total exports.

Among the main exporting countries, Uruguay, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2023, declining by X% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2022 an increase of X%. As a result, the export price attained the peak level of $X per ton, and then fell in the following year.

Average prices varied noticeably amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Colombia ($X per ton), while Uruguay ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Uruguay (X%), while the other leaders experienced a decline in the export price figures.

Refined Rapeseed Oil Imports

Imports in MERCOSUR

In 2023, overseas purchases of refined rape, colza or mustard oil decreased by X% to X tons, falling for the second consecutive year after two years of growth. Overall, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2021; however, from 2022 to 2023, imports remained at a lower figure.

In value terms, refined rapeseed oil imports shrank rapidly to $X in 2023. Total imports indicated a modest increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2022, and then contracted significantly in the following year.

Imports by Country

The purchases of the six major importers of refined rape, colza or mustard oil, namely Colombia, Brazil, Argentina, Chile, Peru and Guyana, represented more than two-thirds of total import. Venezuela (X tons) held a minor share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Guyana (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest refined rapeseed oil importing markets in MERCOSUR were Brazil ($X), Argentina ($X) and Colombia ($X), together accounting for X% of total imports. Chile, Guyana, Venezuela and Peru lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Guyana, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the import price in MERCOSUR amounted to $X per ton, shrinking by X% against the previous year. Import price indicated notable growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, refined rapeseed oil import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2022 when the import price increased by X%. As a result, import price reached the peak level of $X per ton, and then reduced modestly in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Venezuela ($X per ton), while Colombia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Guyana (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform